Norwegian Air granted creditor protection by Irish court December 7, 2020 Norwegian Air has today been granted protection from its creditors by an Irish court, giving the embattled carrier some breathing space as it seeks to restructure its whopping debt pile. Under the process, which is called “examinership”, the Scandinavian flier now has until 26 February before its creditors can seek to claim their money. The [...]
Paris Air Show cancelled in blow to aviation industry December 7, 2020 Next year’s Paris Air Show has been cancelled in a blow for the embattled aerospace industry, it was announced today. It is the first time that the prestigious event, which alternates with the Farnborough Air Show, has been cancelled since the Second World War. The event, which tends to attract over 300,000 visitors, was due [...]
Rolls-Royce kicks off £2bn disposal programme with nuclear instrument sale December 7, 2020 Rolls-Royce today announced that it would sell its nuclear instrumentation business in the first stage of plans to make £2bn in disposals to fuel its post-coronavirus recovery. The blue-chip engineer said that it would sell the business, which employs 550 people, to French nuclear firm Franatome, for an undisclosed fee. In a statement, the FTSE [...]
Londoners rush back to the shops as lockdown ends December 7, 2020 Londoners rushed back to the capital’s shopping destinations this weekend as people across the country welcomed the end of lockdown with some much needed retail therapy. Data from market research firm Springboard showed that across all UK retail destinations footfall increased 93.5 per cent on Saturday. There was an especially large surge in shoppers in [...]
London Stock Exchange appoints Julia Hoggett as new chief exec December 7, 2020 The London Stock Exchange Group has appointed Julia Hoggett as the new chief executive of subsidiary London Stock Exchange, which runs the company’s markets in the capital. Hoggett joins from regulator the Financial Conduct Authority (FCA), where she was the head of market oversight. In a statement released this morning, Hoggett said: “I am delighted [...]
Multiple casualties after large explosion at water plant near Bristol December 3, 2020 A large explosion at a water treatment plant in Avonmouth near Bristol today has caused “multiple casualties”, emergency services have said. A spokesperson for Avon Fire and Rescue Service, which is in attendance at the scene, said that the incident was ongoing. She confirmed that the blast had caused multiple casualties with serious injuries, but [...]
Ryanair buys 75 newly cleared Boeing 737 Max planes December 3, 2020 Ryanair has ordered 75 new 737 Max aircraft from Boeing, just weeks after the plane was finally cleared to fly again. The new order means that Ryanair will buy 210 of the planes in total, with a value of over $22bn. Until last month the 737 Max had been grounded for nearly two years after [...]
Goin’ underground: Tube journeys jump a third as lockdown ends December 3, 2020 The number of Tube journeys jumped a third yesterday compared to last week as the national lockdown restrictions were finally lifted. According to data from Transport for London (TfL), there were 2.64m taps in-and-out of Tube stations yesterday, 33 per cent higher than on the same day last week. That’s roughly a third of the [...]
Driving home for Christmas? Government puts road and rail works on ice December 3, 2020 The government will cancel planned roadworks and rail upgrades, and also lay on extra services, to ease people’s journeys over the Christmas period. With a large number of people expected to travel to visit relatives and friends over the holidays, ministers have put in place plans for a special travel window between 23 and 27 [...]
Asda joins ranks of supermarkets set to return business rates relief December 3, 2020 Asda has joined the growing number of UK supermarkets to hand back business rates relief given by the government to help it through the coronavirus crisis. This afternoon the grocer confirmed that it would repay £340m in emergency support – the fifth supermarket to make such a pledge. Since Tesco first announced it would give [...]
