London is the busiest city in Europe for private jets, according to research November 28, 2019 London has retained its position as the busiest city in Europe for private jets, with more than twice as many so called business aviation flight departures as the next most active city, according to research. The capital saw 4,577 private flights leave its selection of business aviation airports last month, which include Stansted, Biggin Hill [...]
Tesla CEO Elon Musk claims his new Cybertruck already has 250,000 orders November 27, 2019 Elon Musk has suggested that his unorthodox new electric pickup truck has already received a quarter-of-a-million orders since its unveiling last week. The so called Cybertruck, made by Tesla, has caused a stir in the automotive industry since its launch on Thursday, with its unconventional shape and hefty $39,900 price tag making it a target [...]
Holiday firm On The Beach has taken a £25m hit from the collapse of Thomas Cook November 27, 2019 Package holiday company On The Beach has taken a £25.6m hit from the collapse of Thomas Cook, as the cost of getting stranded holidaymakers home weighed on the firm. The company maintained that the failure of one of its biggest rivals would ultimately help it in the long run, despite profits falling more than a [...]
Engineering firm Jacobs hires 2,400 people as it eyes UK expansion November 27, 2019 Jacobs, the Dallas-based engineering giant, will hire 2,400 people in Britain over the next two years, it announced this morning. Read more: Crossrail at risk of facing further delays The firm, which has major contracts on Crossrail, the Thames Tideway super sewer and the refurbishment of the Houses of Parliament, said it would bolster its [...]
Car industry faces ‘fight of our generation’ to avoid breakdown, says trade group boss November 26, 2019 Britain’s car industry is locked in the “fight of our generation” to preserve the once-thriving sector, according to one of the UK’s most senior automotive bosses. George Gillespie, the president of influential trade group the Society of Motor Manufacturers and Traders (SMMT), warned an annual gathering of industry chiefs that investment could dwindle to levels [...]
Virgin Trains manager jumps ship to First Group for west coast main line railway takeover November 26, 2019 First Group has poached the boss of Virgin Trains just in time to take over the west coast main line rail franchise in 12 days’ time. Phil Whittingham, who has been at Virgin since it took control of the country’s most lucrative rail network in 1998, will keep running the line, which connects London to [...]
Uber rival Ola announces London launch November 26, 2019 Ride-hailing app Ola has fired the starting gun in the race to recruit Uber drivers and customers, announcing it will soon launch in London. The Indian ride-hailing app today announced it had begun on-boarding drivers in London and would launch in the coming weeks. Read more: TfL bans Uber from London after a ‘pattern of [...]
De La Rue shares plunge as it scraps dividend and warns of ‘significant doubt’ over future November 26, 2019 De La Rue has bailed on plans for a dividend this year and warned there is “significant doubt” on its ability to continue to operate, sending shares plummeting. “We have concluded there is a material uncertainty that casts significant doubt on the Group’s ability to continue as a going concern,” it said today as it [...]
Uber rival Bolt set to secure $100m in new funding November 26, 2019 Uber competitor Bolt is on the verge of securing more than $100m (£78m) in new funding. The Estonian ride-hailing app is working with Goldman Sachs on the new round of funding, just four months after raising £50m from new and existing backers. Read more: TfL bans Uber from London after a ‘pattern of failures’ Bolt, [...]
Revealed: Gatwick airport to lose 600,000 passengers because of Thomas Cook collapse November 26, 2019 Gatwick airport is set to lose more than half-a-million passengers this financial year because of the collapse of Thomas Cook. The UK’s second-biggest airport held a significant number of the airline’s take-off and landing slots before it folded in September and sparked the repatriation of 150,000 Brits who were left stranded abroad. Read more: General [...]