Supreme Court gives Heathrow third runway the green light December 16, 2020 The Supreme Court has this morning ruled that Heathrow’s controversial third runway expansion plans can go ahead. The verdict means that the UK’s highest court has overturned the Court of Appeal’s February decision to block the £14bn project on environmental grounds. However, in a year in which air travel has plummeted to historic lows due [...]
UK firms see ‘severe pressure’ on supply chains ahead of Brexit deadline December 16, 2020 UK manufacturing firms faced “severe pressure” on their supply chains in December ahead of the Brexit deadline, causing shortages of crucial parts, a survey has shown. It comes after 10-mile lorry queues were witnessed in Calais over the weekend, as businesses tried to stockpile in case of a no-deal Brexit. Britain and the EU are [...]
Mobility firm Bolt raises €150m in biggest ever funding round December 16, 2020 Mobility firm Bolt this morning announced that it had raised €150m (£135m) from investors as the battle to take control of the urban transport market hots up. The firm, which is London’s second biggest ride-hailing app, said that the funding round was its biggest yet. Bolt follows fellow mobility firms Tier and Voi in raising [...]
Christmas rail works are essential this year to keep trains running throughout 2021 December 16, 2020 This year, the Christmas engineering works being undertaken by the railway industry have received extensive media coverage. Unfortunately, the time period for these works coincides with the window when coronavirus restrictions will be loosened for five days (23–27 December). This has led to some frustration, with questions about why the work needs to take place [...]
Amazon to cut vehicle use in the City December 15, 2020 Amazon has teamed up with the City of London Corporation to reduce the number of delivery vehicles from City streets.
‘Test to release’ travel scheme off to ‘chaotic’ start December 15, 2020 The government’s new “test to release” system to reduce quarantine got off to a “chaotic start” this morning after it transpired that only three of its approved test providers were open. Under the scheme, which was announced on 24 November, travellers who wish to leave quarantine early can do so by taking a coronavirus test [...]
Amazon-owned Zoox reveals first autonomous ‘robotaxi’ December 15, 2020 Zoox inc., a self-driving car company, revealed the first fully functional, electric robotaxi yesterday.
Before the Bell: Coronavirus mutation unsettles the market as London faces Tier 3 December 15, 2020 European markets underwent a rather mixed session yesterday, with the FTSE100 underperforming after it was announced that London and a good part of the south east of England was being put into tier 3 restrictions at midnight tonight, due to a new strain of the coronavirus which was spreading at a faster rate. “This of [...]
Londoners walk or cycle to avoid public transport during pandemic December 14, 2020 Nearly half of all journeys in London were walked or cycled between April and June as the pandemic changed the way people travel.
McLaren sells minority stake in F1 team to MSP Sports Capital December 13, 2020 McLaren has sold a 33 per cent stake in its F1 team to US-based MSP Sports Capital as part of attempts to raise extra cash amid the coronavirus pandemic. The sports investment group will pay £185m for its share of McLaren Racing, valuing the team at £560m. It comes just days after the supercar maker [...]