Ban on new petrol and diesel car sales to be brought forward to 2030 November 14, 2020 Boris Johnson is set to announce that the ban on petrol and diesel vehicles will be brought forward to 2030. The announcement is expected as part of a landmark speech laying out the government’s 10 point plan for climate change. Back in February the ban on the sale of such vehicles was brought forward to [...]
Volkswagen to invest €73bn in digitalisation and electric cars November 13, 2020 Car giant Volkswagen will invest €73bn into developing hybrid and electric cars over the next five years, it was announced today. Investment in the new technologies, as well as into digitalisation, will now account for nearly half of the €150bn of spending the firm has scheduled. Almost half of the money – €35bn – will [...]
Tui in talks with German government over new bailout November 13, 2020 Travel giant Tui is reportedly in talks with the German government over receiving a further €1.8bn (£1.6bn) bailout in order to survive the coronavirus pandemic. The Anglo-German firm has already received €3bn in state aid to stay afloat during the crisis, which has hammered the global travel industry. However, it has now warned that the [...]
Parthe-nope: Travel corridors opened to eight countries but Greece removed November 12, 2020 A raft of new countries have been added to the UK’s travel corridor list, meaning people will not have to self isolate upon returning from them. Iceland, Chile, Cambodia, Qatar, Bahrain, the UAE, Laos, and Turks and Caicos have all been added to the quarantine free travel list. Those arriving from the countries from Saturday [...]
Moody’s downgrades credit ratings of UK’s largest airports November 12, 2020 Three of the UK’s largest airports have had their credit ratings downgraded by Moody’s as the pandemic continues to hammer global air travel. Heathrow Finance, which owns the UK’s biggest airport, has had its corporate family rating reduced from Ba1 to Ba2. Obligations rated at Ba2 are judged to have speculative elements and are subject [...]
Over 90 per cent of summer holidays cancelled despite travel corridors November 12, 2020 Over 90 per cent of holidays in July and August were cancelled this year due to the coronavirus pandemic, despite the opening of travel corridors. New figures from travel industry association ABTA have brought to light the full extent of the damage done to the sector by coroanvirus. As a result of the slew of [...]
National Express recovery speeding up before second lockdown November 12, 2020 Coach operator National Express said that its revenue and earnings had continued to rise in the build up to the second national lockdown. In a trading update, the FTSE 250 business said that it had secured around 70 per cent of last year’s revenue in October, up from 60 per cent in August. It added [...]
The City View: Addison Lee boss Liam Griffin on London’s prospects November 11, 2020 Today Andy Silvester talks to Liam Griffin, CEO of Addison Lee. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS After a tumultuous few years, the firm remains optimistic about the capital’s prospects – but Griffin believes the capital needs more help from regulators. He also touches on taking on the firm – again – on the very [...]
Number of Tesla cars on UK roads triples in past year November 11, 2020 The number of Tesla cars on UK roads has more than trebled in the last year, new data from accountants UHY Hacker Young has shown. As of March, there were 90,900 models of the electric car in this country, up a whopping 336 per cent on the previous year. The rise in ownership comes on [...]
Customs chaos looms as ‘haulier’s handbook’ delayed for a month November 11, 2020 Hauliers will have just three weeks to familiarise themselves with the new regulations for transporting goods into the EU from 1 January, it was revealed today. The so-called “Hauliers’ handbook” had been due to be released at the beginning of November but will now be unveiled in full on 7 December. Speaking to the Parliamentary [...]