FTSE 100 live: London markets to open higher as Fed less hawkish than feared; StanChart and Apple earnings in focus
Anything from the trolley? Easyjet launches doorstep cabin crew service December 10, 2020 Although you might have missed out on going abroad this year, you can still relive the in-flight experience from your doorstep next week, with Easyjet launching its first ever home trolley service. To celebrate the budget flier’s 25th birthday, cabin crew will be making the rounds of homes across London with a fully-stocked trolley on [...]
Uber sells off flying taxi division in drive for profit December 9, 2020 Uber has sold off its loss-making flying taxi division to California-based firm Joby Aviation, the second such disposal the ride-hailing firm has made in two days. In a statement released late last night, Joby said that Uber would invest an extra $75m into the company as part of the acquisition of Elevate. That takes Uber’s [...]
UK must cut emissions 78 per cent by 2035 to hit 2050 net zero target December 9, 2020 The UK must cut emissions by 78 per cent by 2035 in order to hit its target of being net zero by 2050, a new report by the government’s climate advisers has found. Such a cut effectively brings forward the country’s former target of reaching an 80 per cent reduction in emissions by 2050 by [...]
Rio Tinto should pay reparations for sacred cave destruction, inquiry finds December 9, 2020 Mining giant Rio Tinto should pay reparations to indigenous Australians for the destruction of two sacred caves, an inquiry into the incident has found. The FTSE 100 company has been the subject of fierce criticism since it decided to destroy the 46,000-year old Jukkan Gorge site in Western Australia in order to expand an iron [...]
Boeing lost 63 more 737 Max orders in November as dire year goes on December 8, 2020 Boeing lost 63 orders for the 737 Max last month, even though the plane was finally cleared to fly again by regulators. In yet another dire month for the US planemaker, orders of all its different models fell by 28 planes in total. A number of airlines, including Virgin Australia and Air Canada, scrapped or [...]
Honda warns of production delays at Swindon plant due to transport disruption December 8, 2020 Japanese car giant Honda has warned that it might have to suspend production at its factory in Swindon due to delays in getting hold of parts as a result of transport disruption. The automaker operates a “just in time” system at the plant, where car parts arrive as and when they are needed. This can [...]
Sir Jim Ratcliffe’s Ineos confirms new 4×4 will be built in France December 8, 2020 Sir Jim Ratcliffe’s Ineos today confirmed that it would build its new 4×4 car in France, putting an end to hopes that it would do so in Wales. Back in August it was revealed that the petrochemicals company was in talks to buy a factory at Hambach from Mercedes-Benz. The Hambach site currently manufactures smart [...]
CMA launches probe into billionaire brothers’ takeover of Asda December 8, 2020 The UK’s competition regulator has launched its stage one probe into the billionaire Issa brothers’ takeover of supermarket Asda. Back in October the brothers, along with private equity group TDR Capital, agreed to buy the grocer from US giant Walmart for £6.8bn. At the time, Walmart said that it expected the deal to be subject [...]
Ofgem unveils £40bn spending package but cuts investor returns for next price control period December 8, 2020 The UK’s energy companies will be able to spend a combined £40bn in investment into the country’s energy networks over the next five years, but will see returns limited under stricter new rules from Ofgem. This morning the energy regulator laid out its plans for the next “price control” period, which runs from 2021 to [...]
Airbus sells no new planes in November as demand sticks at rock bottom December 7, 2020 Airbus sold no new planes in November, the fourth month in which the aerospace giant has failed to do so this year. New data from the French giant published today showed that gross orders for 2020 had reached 381 as of the end of November. However, with the coronavirus pandemic still hammering the aviation industry [...]