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      Government intervenes on foreign takeover bids for UK defence firms

      UK defence strategy meeting, officials discussing military advancements and security measures in a conference room setting

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Transport & Infrastructure

  • MPs slam British Airways’ use of furlough amid 12,000 job cuts

    May 14, 2020

    MPs have hit back at British Airways’ owner IAG after the firm’s chief executive confirmed that up to 12,000 proposed job cuts would still go ahead despite the extension of the job retention scheme until October. In response to IAG chief Willie Walsh’s confirmation of the redundancies, transport select committee chair Huw Merriman said that [...]

  • Sadiq Khan warns TfL will run out of cash today without government bailout

    May 14, 2020

    London’s mayor Sadiq Khan has given the government an ultimatum saying that if Transport for London does not receive a bailout today the operator will have to cut tube and bus services. Speaking to LBC, Khan said: “Being blunt, today is the last day. Unless the government gives us confirmation of the grant we need, [...]

  • Wincanton sees revenue fall 15 per cent amid signs of ‘gradual’ recovery

    May 14, 2020

    Logistics firm Wincanton said that revenue in April was down 15 per cent on a year-on-year basis, though it said it was beginning to see encouraging signs of a “gradual increase” in activity levels. In a trading update, the haulage company said that “considerable uncertainty” remained over the financial disruption it would suffer due to [...]

  • Uber installing in-car partitions to help stop coronavirus spread

    May 14, 2020

    Uber said today it was piloting the installation of screens in 400 cars to help stop the spread of coronavirus. Uber is working with AA to install the partitions in 400 cars in Newcastle, Sunderland and Durham. It is also working with Unilever to distribute hygiene kits to Uber drivers in the UK. Uber said [...]

  • Uber to spend $50m on safety kit as it tells drivers and passengers to wear masks

    May 13, 2020

    Uber has set aside $50m (£41m) to buy personal protective equipment for drivers as it introduces new rules requiring all users to wear face masks. Chief executive Dara Khosrowshahi today told reporters that the ride-hailing app will roll out a string of new safety measures as it looks to address concerns about the Covid-19 pandemic. [...]

  • Airbus could cut 10,000 jobs amid coronavirus travel slump

    May 13, 2020

    European aerospace titan Airbus could cut up to 10,000 jobs in the coming days as it struggles with the fallout from the coronavirus pandemic. The Telegraph reported that executives are set to finalise plans for cuts to the company’s 134,000 staff next week. One source quoted in the report said cuts will be “imminent and [...]

  • Bus industry calls for further government funding as lockdown measures ease

    May 13, 2020

    The UK bus industry has warned that the government needs to extend its emergency funding if operators are to increase the number of services they are running in line with official instructions. Speaking to City A.M., the Confederation for Passenger Transport (CPT), which represents the UK’s bus and coach firms, said that “it was highly [...]

  • EU unveils plans to reopen borders in bid to salvage tourism season

    May 13, 2020

    The EU has lain out new guidelines for member states to use to reopen their borders and encourage tourism as the bloc seeks to begin its recovery from the coronavirus pandemic. It is hoped that the measures will salvage at least some of Europe’s summer holiday season, which brings in around €150bn in the average [...]

  • Ford to restart UK car manufacturing at Dagenham and Bridgend

    May 13, 2020

    Ford today announced that it will restart production at its Dagenham and Bridgend plants on 18 May. The vehicle giant said production would restart with social distancing and health and safety protocols in place to limit the risk of coronavirus. The company said it was continuing to build ventilators at Dagenham as part of the [...]

  • Boris Johnson urges commuters not to crowd onto public transport

    May 13, 2020

    Boris Johnson has urged commuters not to crowd onto public transport as some workers began returning to their offices today.  Speaking in parliament, the Prime Minister said: “I don’t want to see crowding on mass transit or public transport in our capital or anywhere else”. Johnson’s words come after a number of images were released [...]

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