Heathrow Airport boss tells No10 to ‘get a grip’ on quarantine policy as testing facility unveiled August 19, 2020 The chief executive of Heathrow Airport has called on Downing Street to “get a grip” of the UK’s coronavirus quarantine policy. John Holland-Kaye said the 14-day isolation period applying to many travellers should be shortened as it was “holding back the recovery of the UK economy”. Heathrow has already unveiled plans for a new testing [...]
Government working with Heathrow on coronavirus testing August 19, 2020 Health secretary Matt Hancock said the government is working with Heathrow Airport on its plan to roll out testing of passengers to help end the two week quarantine for international travellers. The airport is reportedly planning to test passengers to help allow them avoid the 14-day quarantine for travellers arriving in the UK from countries [...]
UK rail fares set to increase by 1.6 per cent in January despite pandemic August 19, 2020 UK rail fares are set to increase by 1.6 per cent in January, adding more than £100 to many annual season tickets to London, after an unexpected rise in a controversial measure of inflation. Official figures published today showed that retail price index (PRI) inflation rose by 1.6 per cent in July year on year. [...]
Sureserve says strong trading allows it to consider ‘sustainable dividend policy’ August 19, 2020 Compliance and energy services company Sureserve today said its strong trading performance allowed it to “consider a sustainable dividend policy”. The Aim-listed company maintains and installs boilers, and makes sure homes are energy efficient among other services. Shares jumped nearly 12 per cent to 47p this morning. Sureserve said it had been awarded 21 contracts [...]
SpaceX receives $2bn boost in latest funding round August 18, 2020 Elon Musk’s SpaceX has raised a further $1.9bn (£1.4bn) in funding, a regulatory filing on Tuesday revealed. It raises the equity value of the billionaire’s private rocket company to $46bn, Bloomberg reported ahead of the funding round last week. It is the largest single fundraising round conducted by SpaceX yet, according to PitchBook data. It [...]
Stobart Group to cut jobs after Easyjet scraps Southend and Stansted bases August 18, 2020 Stobart Group today said it would cut jobs at Southend and Stansted airports after Easyjet yesterday said it would pull the plug on its operations at the two sites. Shares in Southend Airport-owner Stobart Group fell 4.7 per cent to 28p this morning. Stobart Aviations Services provides check-in and baggage handling services to Easyjet at [...]
London advocacy groups call for Waterloo and City Tube line to reopen August 17, 2020 London lobby groups have called for the reopening of the Waterloo and City Tube line to help increase the number of people going back to their offices. The shuttle service – which travels between Bank and Waterloo stations – is the only Tube line still not operating, after Transport for London (TfL) restricted public transport [...]
Ryanair to cut flight capacity after coronavirus upsurge hits bookings August 17, 2020 Ryanair today said it will cut its flight capacity 20 per cent during September and October after increased coronavirus restrictions hit bookings. The budget airliner said a recent upswing in coronavirus cases in some European countries had particularly hit business bookings. Ryanair last month cut its passenger target to 60m for the financial year to [...]
Easyjet confirms closure of Stansted, Southend and Newcastle bases August 17, 2020 Easyjet has confirmed it will close its airport base at Stansted from 1 September, as the coronavirus pandemic severely dents demand. The budget airline is also shutting its bases in Southend and Newcastle, putting hundreds of jobs at risk. Stansted and Newcastle will remain part of Easyet’s route network, and some in-bound flights will continue. [...]
Ex-Flybe shareholders eye legal action against former directors August 17, 2020 Former Flybe shareholders are reportedly examining legal action over a cut-price sale of the budget airline in early 2019. A group of retail investors want to take former directors to court over allegations they put out inaccurate statements, the Mail on Sunday reported. Shareholders received just 1p per share when the airline was sold in [...]