UK’s inaugural green gilts to carry 2033 maturity August 27, 2021 The UK’s first green gilts, which are due to launch next month will have a maturity date of 31 July 2033, the Debt Management Office (DMO) announced this morning. The sale of the new gilts, the proceeds of which will go towards funding environmental projects, will take place in the week of 20 September. The [...]
Amigo issues fresh warning over future despite profit rise August 27, 2021 Embattled subprime lender Amigo has issued yet another warning over its future despite a fifteen-fold rise in profit this quarter. First quarter pre-tax profit at the firm jumped from £1.4m to £15m, it revealed this morning, a performance finance chief Mike Corcoran labelled “better than expected”. It comes days after Amigo revealed it had made a £283.6m [...]
British Airways mulling new short-haul carrier at Gatwick August 27, 2021 British Airways is mulling the creation of a new short-haul subsidiary operating out of Gatwick, the airline confirmed today. The IAG-owned carrier was forced to move its short-haul services from the Crawley airport to London Heathrow when the pandemic struck last year. It was one of a number of airlines to close or suspend its [...]
Travel traffic light update: Which countries could change status today? August 26, 2021 Holidaymakers are waiting to see whether the government will make any changes to its travel traffic lights when it updates the scheme later today. According to travel experts, key European holiday destinations are unlikely to be removed from the “green list”, but there could be changes elsewhere. Morocco, Jamaica, and St Lucia are all at [...]
Number of deaths and serious injuries from drink driving accidents at eight-year high August 26, 2021 New data this morning showed that the number of people killed or seriously injured (KSI) in drink-driving crashes rose to an eight-year high in 2019. Figures from the Department for Transport (DfT) showed that there were 2,050 people involved in KSI accidents where at least one of the drivers was above the alcohol limit. That [...]
Air Canada latest carrier to make vaccination mandatory for employees August 26, 2021 Air Canada has this morning announced that all employees and new hires will have to be vaccinated against Covid-19, the latest carrier to announce such a step. From 30 October employees will have to report their vaccination status, while being fully inoculated will become a condition of employment on the same date. Failure to get [...]
Northern leaders call for government to commit to HS2 in full as axe hovers over eastern leg August 26, 2021 Politicians and business leaders in the north-east of England have said that the eastern leg of HS2 to Leeds is essential to “levelling up” the country after reports emerged that the extension was set to be mothballed. A new report from the High Speed Rail Group called the delivery of the leg from Birmingham to [...]
Qantas targets December international flights after AU$1.8bn loss August 26, 2021 Australian carrier Qantas said that it was aiming to restart flights to international destinations with high rates of vaccination in December after falling to a AU$1.8bn (£950m) annual loss. Under current plans, the airline will recommence flying to countries such as Singapore, Japan, the United States, Britain and hopefully New Zealand by the end of [...]
Car production tumbles afresh amid supply and labour shortages August 26, 2021 Car production tumbled in the UK for the first time since February as the combination of global chip shortages, workers being forced to isolate, and summer shutdowns jammed up factory lines. According to the Society of Motor Manufacturers and Traders (SMMT), just 53,438 cars were made in July, down 37.6 per cent on the year [...]
Uber UK boss to meet GMB leader after driver representation deal August 26, 2021 Uber’s UK boss is due to meet with the new leader of the GMB union in a bid to settle their differences about the ride-hailing app’s working practices. Jamie Heywood, Uber’s UK regional manager, will meet with Gary Smith, months after the firm took the decision to recognise the union, the BBC said. Under that [...]
