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 [...]
United Airlines commits to reducing greenhouse emissions to nothing December 10, 2020 US airline giant, United has pledged to become 100 per cent green by 2050.
Confidence in the City of London remains strong, with planning applications up in November December 10, 2020 The number of planning applications for the City of London have exceeded pre-pandemic levels, showing investor confidence in the district.
Tube usage bounces back to October levels as Londoners dash for shops December 10, 2020 Tube and bus usage jumped back to pre-second lockdown levels last week as Londoners rushed back to shops, pubs, and restaurants after a month of restrictions. On 4 December, there were 1.56m journeys made on the London Underground, and 3.6m trips made by bus, data from TfL shows. That’s roughly a third higher than the [...]
McLaren considering listing in bid to raise £500m – report December 10, 2020 British supercar firm McLaren is mulling a public listing in a bid to raise cash in order to shore up its finances after taking a battering from the coronavirus pandemic. The carmaker is looking to raise up to £500m over the next 12 months, and is considering going public via a deal with a special [...]