Sign Brexit deal to ‘give us our future’, pleads car industry November 24, 2020 The car industry has pleaded with the government to sign a post-Brexit free trade agreement by Christmas, saying that the failure to do so could cost the sector £55bn by 2025. Speaking at a Society for Motor Manufacturers and Traders (SMMT) summit, chief executive Mike Hawes said that a new partnership with the EU “could [...]
Former IAG boss Willie Walsh to become IATA chief exec November 23, 2020 Willie Walsh, the outspoken former boss of British Airways-owner IAG, is set to become the head of global aviation body IATA. The Irishman stepped down from his role as chief executive of the European carrier group in September. He had been meant to leave in the spring, but agreed to carry out to shepherd IAG [...]
High life for the housebound? BA begins sale of first class stock November 23, 2020 You might not be able to fly first class at the moment, but you could slip into some first class slippers this Christmas after British Airways announced a sale of thousands of stock items. Housebound passengers missing the high life will be able to splash out on the full range of BA items, from champagne [...]
Plug-in hybrid cars emit far more carbon dioxide than advertised November 23, 2020 Plug-in hybrid cars emit far more carbon dioxide than advertised, new research published today shows, just days after the government decided to allow sales of such vehicles to continue to 2035. According to a study done by European body Transport & Environment, three of the most popular hybrids all emitted more carbon dioxide than advertised [...]
Ineos inks deal with Hyundai for hydrogen-powered Grenadier 4×4 November 23, 2020 Sir Jim Ratcliffe’s Ineos will work with South Korean auto giant Hyundai to assess whether its new Grenadier car can be powered by hydrogen fuel cell. The assessment is part of a new deal between the two firms to explore new hydrogen power technologies across a number of sectors. The Grenadier, which is set for [...]
Air France will survive pandemic, minister pledges November 23, 2020 France’s finance minister today said that the government would continue to prop up struggling flag carrier Air France through the coronavirus pandemic. Speaking to Bloomberg TV, Bruno Le Maire said: “I can guarantee the survival of Air France, we decided from the very beginning to support Air France and we will continue to do so”. [...]
Petropavlovsk appoints KPMG as independent forensic investigator November 23, 2020 Russian gold mining company Petropavlovsk has appointed KPMG to undertake a forensic investigation into certain business deals made in the last three years. The investigation will examine deals between Petropavlovsk and its subsidiaries, and fellow mining company IRC and its subsidiaries in the three years to August 2020. The investigation was proposed at Petropavlovsk’s general [...]
HS2 is a shot in the arm for the post-pandemic economy November 23, 2020 It is no exaggeration to say that 2020 has been one of the most difficult years in modern history for many businesses. But as the year draws to a close, we have great reason for optimism: widespread roll-out of a vaccine is edging closer, and it looks like we will be able to begin to [...]
Crossrail will be ‘mothballed’ without extra funding, TfL chief warns November 21, 2020 The troubled £19bn Crossrail project is at risk of being “mothballed’ unless it receives urgent additional funding, London’s transport chief has warned. Transport for London (TfL) commissioner Andy Byford this week urged the Department for Transport to provide £80m of immediate support to keep the rail link on track, Sky News reported. In a letter [...]
GLIL Infrastructure buys 30 per cent stake in Hitachi rolling stock fleet November 20, 2020 Investment fund GLIL Infrastructure today announced that it will buy a 30 per cent equity stake in rolling stock firm Agility Trains East (ATE) from Hitachi Rail. It is believed that the fund will pay around £400m for the stake, in line with what fellow investor AIP Management paid for a similar interest in the [...]