Norwegian Air enters into joint venture to cut capital expenditure October 24, 2019 Norwegian Air Shuttle will add 27 Airbus aircraft to its fleet after agreeing to a joint venture with one of China’s largest banks. A subsidiary of China Construction Bank – one of the “big four” Chinese banks – will own 70 per cent of the joint venture, which will finance the purchase of the Airbus [...]
Sir Richard Branson set to launch Virgin Galactic float on Monday October 24, 2019 Sir Richard Branson has announced that he is planning to float his space venture Virgin Galactic on the New York Stock Exchange on Monday. Branson said he hoped to be there to ring the bell himself as his space flight company becomes the first to go public next week. Read more: Boeing invests $20m in [...]
How businesses can take power into their hands October 24, 2019 Having your phone run out of power is one of the pitfalls of modern living, which is why battery packs are a must in most people’s bags. But while we are happy to be proactive about power protection in some ways, that usually doesn’t extend to our homes and businesses where it is even more [...]
Citymapper’s London travel card will expand to zones three and four October 23, 2019 London commuter app Citymapper is set to expand its contactless transport pass to more parts of the capital. The Citymapper Pass was introduced in February to cover travel on the Tube, buses, trains, Santander bikes and its own Citymapper Ride shared taxi service in zones one and two. Read more: Uber rival Kapten teams with [...]
Hays Travel paid just £6m for 555 Thomas Cook stores October 23, 2019 Hays Travel paid just £6m for Thomas Cook’s 555 high street stores after the firm’s collapse. Hays bought the stores from the government’s Insolvency Service earlier this month, while also offering jobs to 2,000 former Thomas Cook employees. Read more Hays Travel buys 555 Thomas Cook stores Dean Beale, from the Insolvency Service, told MPs [...]
Back to the future: London unveils first fully electric taxi since… 1897 October 23, 2019 A completely electric taxi hit London’s roads today, although the first fully electric vehicle came to the capital more than 100 years ago. The zero emissions Dynamo Taxi, made from a converted Nissan e-NV200 Evalia MPV, was unveiled as a part of the International Clean Air Conference at City Hall. Read more: Electric taxi cab [...]
CMA fines concrete cartel £36m for pushing up prices for seven years October 23, 2019 A concrete cartel must pay a £36m fine for breaking competition law for almost seven years. The Competition and Markets Authority (CMA) has ordered three firms to cough up after fixing prices between July 2006 to March 2013. Read more: Audit watchdog calls on firms to improve reporting on climate change They also shared the [...]
Ulez charge drastically cuts London’s air pollution October 22, 2019 London’s pollution charges have significantly decreased levels of toxic gas emitted by vehicles, according to new figures. Mayor of London Sadiq Khan first introduced the Toxicity Charge in October 2017, which forced drivers of older diesel and petrol cars to pay £10 a day to drive in parts of London. Read more: Ulez should include [...]
Crossrail at risk of facing further delays October 22, 2019 Crossrail is increasingly likely to face further cost blowouts and delays, according to a new report. The £15.9bn underground rail line was due to open in December 2018, but now has a target date of between October 2020 and March 2021. Read more: Crossrail to renegotiate pay with Bechtel However, a new report from Jacobs [...]
British flight ban to Sharm el-Sheikh lifted, as airlines eye resort for summer 2020 October 22, 2019 British holidaymakers could soon have the chance to return to the popular Egyptian resort Sharm el-Sheikh, after the government lifted a ban imposed in 2015. Flights to the resort town were suspended after 224 people were killed by the bombing of a Russian airliner, which was linked to the so-called Islamic State group (Isis). Read [...]