Boris Johnson to pump billions into climate change plan and confirms diesel vehicle ban from 2030 November 17, 2020 Boris Johnson has tonight unveiled his 10 point plan for the UK's "green industrial revolution", which he said would create 250,000 new jobs.
Exclusive: Tube use hit post-lockdown peak on day before new restrictions November 17, 2020 Tube use peaked on the day before the second national lockdown came into effect as Londoners rushed to offices and shops ahead of the new restrictions. New figures from Transport for London reveal that there were nearly 1.8m journeys on the London Underground on 4 November, around 400,000 more than the same day a week [...]
Budget carrier Easyjet posts first ever full year loss November 17, 2020 Easyjet today fell to the first loss in its history as the full impact of the coronavirus pandemic was revealed. The low-budget carrier posted a reported loss before tax of £1.2bn for the year ending 30 September after the worst crisis in aviation history. Passenger numbers halved over the course of the year, falling from [...]
UK and US sign aviation agreement to protect vital travel links November 17, 2020 The government has today signed a deal with the US ensuring that aviation links can continue unchanged after 1 January. The new Air Services Agreement will replace the existing EU-US deal, which will cease to apply to the UK deal when the Brexit transition period ends. The transatlantic air travel market is one of the [...]
Transport for London to begin e-scooter trials in the spring November 17, 2020 Transport for London (TfL) will begin trialling rental e-scooters in the spring, it was announced today. The transport network will work with London Councils to select three companies for the trials, which will take place across all London boroughs that wish to take part. Trials will last for 12 months, with roughly a third of [...]
Homeserve boosts profit forecasts as lockdown buoys firm November 17, 2020 Homeserve said it would beat current full year profit expectations after a strong first half saw the home repairs firm increase its revenue by nearly a fifth. The FTSE 100 company posted £536.7m in turnover for the first six months of the year, up 17 per cent on last year’s take. It said that the [...]
Tesla shares pop again on confirmation that firm will join S&P 500 November 17, 2020 Tesla shares jumped 14 per cent yesterday after it was announced that the electric car maker would join the S&P 500 index in December. The admission comes on the back of five consecutive quarters of profit at the California-based firm, which has thrived amid the coronavirus pandemic. Shares in Elon Musk’s company have risen around [...]
British Airways owner IAG will reportedly cut Air Europa purchase price to €400m November 17, 2020 British Airways owner IAG has reportedly managed to cut the price of its acquisition of Spanish airline Air Europa to €300m-€400m. A year ago, the airlines group agreed a €1bn deal to buy the low-cost carrier, but the deal has been delayed due to the coronavirus pandemic. But Spanish news site El Confidencial today said [...]
What are free ports and what are the economic benefits? November 16, 2020 This morning the Treasury announced that the bidding process for the creation of up to 10 new “free ports” in the UK had opened. The first of these sites are expected to begin operating in 2021, in the hope of boosting international trade after Brexit. But what are “free ports” and why is the government [...]
G4S seeks to calm investors as rivals circle outsourcer November 16, 2020 Takeover target G4S today said that its retail cash solutions (RCS) business could pull in $600m a year in revenue by 2025 as it sought to bolster the case for investors to ignore circling competitors. The FTSE 250 outsourcer has been the subject of a months-long pursuit by Canadian security firm Gardaworld, which has made [...]
