Cazoo goes public: Will it be a hat-trick of triumphs for Alex Chesterman? August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. On Friday the used car marketplace will go public in New York in a [...]
Gatwick unveils plans for permanent second runway despite Covid hit August 25, 2021 Gatwick Airport has today unveiled its full plans to add a second permanent runway despite the current shortage of passenger numbers due to the coronavirus pandemic. Under the scheme, which was first announced back in 2018, the Crawley airport’s northern runway, which is currently used in emergencies and as a taxiway, will be modified for [...]
Augean ditches Morgan Stanley Infrastructure for new £341m buyout deal August 25, 2021 A consortium of investment managers Ancala Partners and Fiera Infrastructure have swooped in on waste management firm Augean, raising the prospect of a bidding war for the AIM-listed company. In a statement this morning Augean said that it had agreed to the two firms’ 325p per share, £341m buyout offer, having earlier this month approved [...]
East Coast rail upgrade set for at least a year’s delay August 24, 2021 One of the biggest upgrades to the UK rail network in recent years will be delayed for at least a year due to the emergence of a number of issues. The £1.2bn East Coast upgrade, which will add nearly 40 services a day to the London-Edinburgh network, is due to open in May 2022. But [...]
Ryanair on course to hit targets after strong August August 24, 2021 Ryanair boss Michael O’Leary today said that the budget airline was recovering at a faster rate than its European competitors after a surge in passenger numbers in August. The Irishman said that passenger numbers for this month were on track to hit 10.5m, up from 9.3m in July, and double the 5m the carrier flew [...]
HS2 to support 4,000 more jobs than first forecast August 24, 2021 The building of the controversial HS2 rail link will support 4,000 more jobs than previously expected, the government has today said. According to a new report from the body behind the project, HS2 will now support 34,000 jobs in total. Of the new roles, Phase 2a – linking the West Midlands to Crewe – will [...]
Power plant firms pay Ofgem £6m for false reporting August 24, 2021 Two power plant firms have today agreed to pay Ofgem £6m in redress for misreporting the amount of energy they could supply. Between March 2019 and September 2020, ESB Independent Generation Trading and Carrington Power regularly submitted misleading data to National Grid about the minimum amount of energy the Carrington power plant near Manchester could supply. [...]
Maersk buys eight zero-carbon tankers as green push gathers steam August 24, 2021 Shipping giant Maersk has today taken its biggest yet step towards “greening” its fleet by buying eight new tankers powered by carbon-neutral methanol. Each of the vessels, which will be built by Hyundai Heavy Industries, will be able to carry 16,000 containers. When they hit the water in early 2024 they will save 1m tons [...]
Britain 2030: Reviving the industrial spirit along the River Thames August 17, 2021 Snaking inland from the dark of the North Sea, the River Thames has for centuries been the very lifeblood of London. In the 17th and 18th centuries, it was the Thames that put the capital right at the heart of Britain’s global empire, turning it into the modern, thriving metropolis it is today. Travel just [...]
Gatwick calls for simpler travel rules after fresh £250m loss August 13, 2021 Gatwick Airport this morning called on the government to simplify its existing travel rules as it nursed a £244.6m loss for the first half of 2021. Just 569,000 people used the Crawley airport in the first six months of the year, despite the gradual easing of travel restrictions. With 75 per cent of British adults [...]
