UK approves £4bn sale of defence firm Cobham December 21, 2019 The government has agreed to allow US private equity firm Advent International to takeover the UK’s defence and aerospace company. Advent made a £4bn offer to buy Cobham earlier this year and the deal was accepted by shareholders last month. However the government held a consultation on the sale after the founding family raised possible [...]
Christmas travel disruption: everything you need to know December 21, 2019 It’s Christmas! Which means, among happier things, torturous travel planning as city-dwellers escape to the country for a few well-earned days off. But fear not – we at CityAM have put together this handy guide to make your holiday travel as pain-free as possible. Here’s a list of planned disruptions, reduced services and engineering works [...]
Regulator’s report stalls new Heathrow runway December 20, 2019 Heathrow’s new runway will be delayed by over a year after a report by the Civil Aviation Authority (CAA) restricted early spending on the expansion. The project is now expected to be completed between 2028 and late 2029, a setback of more than a year. Read more: Boris Johnson raises red flag in election over [...]
All Londoners want for Christmas is some kind of public transport December 20, 2019 This week, newspapers are reporting how the great Christmas get-away is about to begin — or better still, that the fabled seasonal shut-down is about to commence. For many readers, the break can probably not come soon enough. For sure, it has been a year of ups and downs for London and the South East’s [...]
Bridge over troubled waters: Boris backs Scotland to Northern Ireland bridge December 19, 2019 Boris Johnson love of bridges has reared its head again as the Prime Minister has suggested he could build a bridge between Scotland and Northern Island. DUP MP Ian Paisley interrupted the Prime Minister’s speech to parliament to ask him if he would build a bridge between the two countries. Read more: Conservatives pledge temporary [...]
London City Airport given carbon neutral accreditation December 19, 2019 London City Airport has been designated as carbon neutral, making it the capital’s most sustainable airport. The Airport Carbon Accreditation programme has given the airport its highest rating, signifying the airport is carbon neutral. Read more: Extinction Rebellion protester lies on top of London City Airport flight in protest This means that all carbon emissions that cannot [...]
Heathrow Airport set for busiest day of the year December 19, 2019 Tomorrow is set to be Heathrow Airport’s busiest day of the year as people across the UK prepare to celebrate the holiday season. More than 250,000 people are expected to fly in and out of Heathrow tomorrow as a part of the 6 million journeys the airport will host in December. Read more: Thanksgiving passengers [...]
Rolls-Royce unveils electric plane for world record attempt December 19, 2019 Rolls-Royce have unveiled the plane it hopes will break the world record for the fastest all-electric aircraft. The plane, which was revealed at Gloucestershire Airport today, is expected to make its record attempt early next year. Read more: World’s first fully electric commercial flight takes off in Canada The current record speed stands at 210 [...]
Watchdog extends Thomas Cook probe December 19, 2019 The UK’s accounting watchdog is extending its investigation into the collapse of travel operator Thomas Cook. The Financial Reporting Council (FRC) announced a probe into EY’s audit of Thomas Cook’s financial statements for the year ended 30 September 2018 following the company’s collapse earlier this year. Read more: Thomas Cook went bust with liabilities of [...]
Vauxhall union seeks assurances over $50bn PSA-Fiat mega-merger December 18, 2019 The UK’s largest union is seeking an urgent meeting on the future of Vauxhall after the car company’s owner PSA agreed to merge with Fiat Chrysler. The deal, which is worth $50bn, will see the as yet-unbranded new firm become the world’s fourth largest car manufacturer. Read more: Fiat Chrysler and PSA agree $50bn mega-merger [...]