Hays Travel to buy 555 Thomas Cook stores, providing lifeline for 2,500 former workers October 9, 2019 Thousands of former Thomas Cook employees could be in for a reprieve, after the collapsed travel giant’s retail estate has been sold to Hays Travel. The agreement will see the Sunderland-based independent travel agent pick up 555 former Thomas Cook stores around the UK. The news offers a lifeline for its 2,500 former retail employees. [...]
HS2 would drive rail price increase and shut out smaller northern cities: ASI October 8, 2019 HS2 (High Speed Rail 2) will lead to increased ticket prices and reduce train access for smaller Northern cities, according to a new study from a leading London think tank. The Adam Smith Institute’s Don’t Railroad it Through report slams the “politically motivated” project and outlines a number of alternatives it says will be cheaper [...]
Space race: Boeing invests $20m in Richard Branson’s Virgin Galactic as it prepares public listing October 8, 2019 Boeing is to invest $20m in Sir Richard Branson’s space-tourism venture Virgin Galactic, meaning it will have more money to take on rivals such as Elon Musk and Jeff Bezos in the commercial space race. Branson founded space venture Virgin Galactic in a bid to cash in on rising demand for space travel. He is [...]
Thomas Crooks: Fraudsters target refund process for collapsed airline October 8, 2019 People trying to claim refunds on flights and hotels booked with collapsed holiday giant Thomas Cook have been warned about possible fraudsters trying to get hold of their details. Britain’s aviation regulator the Civil Aviation Authority (CAA) said this afternoon it had been forced to take “urgent action” against fraudulent activity in relation to the [...]
Road to recovery? Nissan appoints Makoto Uchida as CEO to turn around stricken car maker after Ghosn scandal October 8, 2019 Nissan has named the head of its Chinese operation, Makoto Uchida, as its new chief executive, as the firm tries to put the brakes on more than a year of chaos at the firm. The 53-year-old Japanese executive has the task of turning around the stricken car maker, which has become ensnared in a combination [...]
London City Airport braces for Extinction Rebellion shutdown October 8, 2019 Extra police officers will be sent to London City Airport this week to counter an Extinction Rebellion attempt to shut it down. The activist group has revealed it plans to shut down the airport for three days beginning on Thursday. Read more: Extinction Rebellion offshoot occupies Smithfield meat market The shutdown is slated to start [...]
Easyjet share price dips despite profit on track to hit £430m October 8, 2019 Easyjet today predicted it will hit upper profit guidance of up to £430m for its full year, despite rising costs. The airline said profits would hit between £420m and £430m in profit before tax in a trading update today, just off its £440m upper range prediction. Read more: COO comes in as Easyjet hails ‘robust’ [...]
British Airways lost 300,000 passengers in September amid pilot strikes October 7, 2019 British Airways lost more than 300,000 passengers throughout September, as recent strikes forced it to cancel more than 2,000 flights. The airline suffered an eight per cent decline in passenger numbers last month to 3.85m people. Read more: IAG issues profit warning after British Airways strikes That was down from 4.19m during the same period [...]
Thomas Cook customers struggle to recoup funds as regulator’s website hit by ‘unprecedented demand’ October 7, 2019 Thomas Cook customers looking for a refund are being thwarted by excessive demand this morning, as the aviation regulator struggles to cope with the amount of people trying to claim their money back. The Civil Aviation Authority this morning launched its refund process for those affected by the travel company’s collapse last month. Read more: [...]
Odey and Elliott ‘among City titans to invest in hypersonic jet firm’ October 6, 2019 City heavyweights including Crispin Odey are said to have thrown their financial might behind an Oxfordshire-based firm which hopes to one day transport passengers from London to New York in an hour. The hedge fund tycoon Odey and US activist investor Elliott Advisors are among firms which have poured £100m into Reaction Engines, signalling their [...]