Tube passenger numbers fall during UK coronavirus outbreak March 12, 2020 The amount of passengers on the Tube has declined in the past four weeks during the coronavirus outbreak. The number of London Underground journeys has dropped by 1.6 per cent in the past four weeks compared to a year ago, while trips in the past 12 weeks are down 1 per cent compared to a [...]
Norwegian to cut 4000 flights as US coronavirus travel ban hammers airlines March 12, 2020 Beleaguered Norwegian Air has suspended more than 4000 flights, grounding 40 per cent of its long haul capacity, in an attempt to limit the devastation caused by coronavirus. The cancellations come after US president Donald Trump announced a travel ban on 26 EU countries, excluding the UK and Ireland, which will last for 30 days. [...]
Princess owner Carnival suspends cruises for two months due to coronavirus March 12, 2020 Princess Cruises owner Carnival saw its shares plummet 22 per cent today after it suspended the global operations of its fleet of 18 ships for two months. Two of Princesses’ ships have been stricken by the coronavirus outbreak and have been stuck in quarantine to tackle the outbreak. The Diamond Princess was moored off the [...]
US airlines stocks in tailspin as coronavirus travel ban kicks in March 12, 2020 Boeing led a rout of US aviation stocks today as president Trump’s coronavirus travel ban battered the airline industry as markets opened across the Atlantic. For the second day in a row the aerospace giant shed around 15 per cent of its value, whilst fellow international carriers American Airlines, Delta and United all suffered double-figure [...]
Go Ahead shares plunge as firm warns on full year profit March 12, 2020 Bus operator Go Ahead Group saw its shares shed over a third of their value today after the firm reduced its full year profit expectations on the back of extended periods of adverse weather. The firm added that it was also expecting the coronavirus impact to have an impact on its results, but could not [...]
Coronavirus: US travel ban decimates airline stocks March 12, 2020 President Donald Trump’s travel ban on European citizens entering the US due to coronavirus fears sent airline stocks to new lows today after weeks of pressure on the sector. Recent FTSE 100 dropout Tui led the falls, posting a 10.4 per cent decline by the mid-morning, while British Airways owner IAG was not far behind, [...]
Budget 2020: Sunak pledges extra £175bn to ‘get Britain building’ March 11, 2020 New chancellor Rishi Sunak pledged to “get Britain building” in today’s budget, unveiling an additional £175bn in capital investment to “level up” roads, railways, housing and broadband across the country. The extra money, which forms part of Sunak’s much trailed £640m spending package, means that by 2024 annual expenditure will rise above £110m, triple the [...]
Costain shares crash as firm hits up investors for £100m March 11, 2020 Shares in engineering firm Costain plummeted 34 per cent today as it revealed plans to launch a £100m fund raise to bolster its balance sheet. Costain’s stock slumped to 104.8p after the announcement, which came off the back of a £6.6m loss before tax in 2019 – compared to a £40.2m profit in 2018. The [...]
Jet2 dodges airlines malaise as budget carrier raises profit forecast March 11, 2020 Jet2 owner Dart Group today bucked the current airlines malaise, raising its profit forecast for the second time in six months despite the pressure being exerted on the aviation industry by the coronavirus outbreak. In a trading update, the airline said that until “very recently” customer demands for its package holidays had remained “consistently strong” [...]
EXCLUSIVE: London mayor hopeful Rory Stewart pledges to fund Hammersmith Bridge repairs March 11, 2020 Rory Stewart will guarantee funding for the £95m Hammersmith Bridge repairs if elected mayor. The independent candidate today pledged to underwrite the cost of repairing the bridge in his first week in office from Transport for London’s (TfL) capital account. A bid for government funding has been lodged with the Department for Transport (DfT). However, [...]