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 [...]
The 15-minute city: How to make London greener, cleaner, and more resilient December 12, 2020 2020 has been the year that has exposed how vulnerable our cities are. Living through lockdowns has brought to the fore issues which we have been sweeping under the carpet, particularly in London: lack of access to green spaces, distance to essential amenities such as shops, and the need for better pedestrian and cycling options. [...]
UK to fast track some perishable goods at ports from 1 January December 12, 2020 The UK will fast track the movement of some perishable goods when its Brexit transition period with the European Union ends on 31 December as part of efforts to deal with expected disruption at British ports, the BBC reported earlier today. The UK government has warned that even with a trade deal with the EU, [...]
Heathrow Terminal 4 to remain closed until end of 2021 December 11, 2020 Heathrow airport has decided to shut Terminal 4 until the end of 2021 as travel restrictions reduce passenger numbers.
UK tourists banned from EU travel from 1 January December 11, 2020 British holidaymakers will be temporarily banned from travelling to the EU on 1 January, with Brussels saying its travel exemption will be taken away after the Brexit transition period ends. Very few non-EU or EEA countries, with low Covid rates, are allowed to travel to member states under current restrictions. Borders are still open to [...]
Calisen set to go private in £1.43bn takeover deal December 11, 2020 Smart meter firm Calisen has received a takeover offer less than a year after going public. In an update this morning Calisen announced it had received an offer from Coyote Bidco, a newly incorporated consortium of investors, which values the firm at £1.43bn. Under the terms of the deal, each Calisen shareholder will receive 261 [...]
Rolls Royce ‘on track’ to deliver £1.3bn cost savings December 11, 2020 Rolls Royce is continuing with its restructuring efforts and today confirmed it is on track to deliver £1.3bn cost savings by 2022. The firm has been battered by the pandemic, with roughly half of its income derived from the hours airlines fly using its engines. It has embarked on restructuring efforts which saw a a [...]
E-scooter firm Pure Electric to open stores in Paris and Madrid in European expansion December 10, 2020 E-scooter firm Pure Electric is set to open new stores in Paris and Madrid as part of a 20-store expansion into Europe next year. Despite Brexit uncertainty, the Glastonbury-based business will embark on a rapid scaling up in 2021 which will see it more than double its current number of stores. The first of these [...]
Canary Islands removed from travel corridors list after surge in cases December 10, 2020 Travellers returning from the Canary Islands from Saturday will now have to quarantine after a surge in cases on the archipelago meant its travel corridor has been taken away. Passengers will have to isolate for 14 days if they arrive before Tuesday, but if they arrive after they can opt to buy a private test [...]
Government report says Hammersmith Bridge may be safe to partially reopen December 10, 2020 A government commissioned report has said Hammersmith Bridge is potentially safe to reopen to pedestrians and cyclists and that the local council’s safety report was too conservative. The report – commissioned for the Department for Transport’s task force and undertaken by engingeering company Aecom – said “there is now a better understanding of how the [...]