Ride-hailing firms Gett and Ola sign corporate partnership August 6, 2020 Ride-hailing firms Gett and Ola have today announced a new partnership following a surge in demand for corporate travel as the UK returns to work after the coronavirus lockdown. The partnership will allow Gett’s corporate clients access to Ola’s platform in London, enabling them to request a variety of Ola ride options from September. In [...]
Meggitt shares sink over reports firm mulling equity raise August 6, 2020 Engineering firm Meggitt has said it is reviewing its options after reports that the FTSE 250 firm was considering raising new equity to help bolster its finances. Yesterday Bloomberg reported that the aerospace engineer was mulling a $600m (£455m) sale of new stock and was reviewing its debt with advisers. Shares fell 6.2 per cent [...]
Uber snaps up UK taxi tech firm Autocab August 6, 2020 Uber has acquired taxi tech firm Autocab, in a move that will allow it to operate in areas it has yet to launch in. The Stockport-based company sells booking and dispatch software to private hire firms, and will allow Uber to link people who open its app in locations where it does not run with [...]
Ministers set to impose quarantine restrictions on Belgium August 6, 2020 The government is preparing to hit travellers from Belgium with mandatory quarantine restrictions after a spike in coronavirus cases in the country. The Daily Mail reported that ministers would sign off on the decision to impose 14-day self-isolation measures on all those travelling from Belgium to the UK at a meeting this evening. It added [...]
Ryanair increases services to 60 per cent of pre-Covid levels in August August 6, 2020 Budget carrier Ryanair today said that it had successfully increased its flight schedule to over 60 per cent of pre-Covid levels as passenger numbers continue to grow after lockdown. Having restarted its services in June, the Irish airline said that it would fly 11,000 flights a week throughout the month, over 1,600 routes. In September, [...]
Lufthansa posts worst loss in history amid warnings of prolonged air travel slump August 6, 2020 Lufthansa has posted the worst loss in its history in the second quarter as the German airline warned that it did not expect air travel to return to pre-pandemic levels until 2024. As a result of coronavirus, the state-backed airline flew 96 per cent fewer passengers between April and June, leading revenue for the period [...]
Voi to roll out first UK e-scooter trial in Cambridge August 6, 2020 Swedish firm Voi has been selected to run one of the first e-scooter trials in the UK in Cambridge as part of the government’s consultation on the new form of urban mobility. Working in partnership with local authorities, Voi will install its first fleet of coral-coloured scooters in the city by September, and create 50 [...]
Virgin Australia to cut 3,000 jobs as carrier slims down under new owners August 5, 2020 Embattled airline Virgin Australia is set to cut 3,000 staff as it seeks to streamline its business under prospective new owner Bain Capital. Back in June Bain bought the carrier out of administration, with creditors due to vote on the sale on 4 September. If the deal is approved, the airline will focus on the [...]
SMMT: New UK car sales rise 11 per cent post-lockdown August 5, 2020 New UK car sales rose for the first time this year in July as dealerships enjoyed their first full month of trading since reopening after lockdown. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), registrations rose 11.3 per cent last month as pent-up demand and special offers tempted consumers to [...]
Honda and BMW see profits slump in second quarter as lockdown hit sales August 5, 2020 Car giants Honda and BMW saw their profits hammered in the last quarter as the coronavirus pandemic hammered car sales amid widespread lockdowns. Japan’s Honda fell to an 113.7bn yen (£820m) loss in the last quarter, as sales of its vehicles plunged 40 per cent around the world. As a result of the dire quarterly [...]