G4S and Gardaworld trade blows as takeover spat continues November 12, 2020 G4S and Gardaworld have exchanged fresh blows as a long-running spat over a potential hostile takeover of the British security firm drags on. This morning the Canadian firm, which has been trying to engineer the purchase of G4S for months, said that North American regulators had cleared the way for the merger to go ahead. [...]
Parthe-nope: Travel corridors opened to eight countries but Greece removed November 12, 2020 A raft of new countries have been added to the UK’s travel corridor list, meaning people will not have to self isolate upon returning from them. Iceland, Chile, Cambodia, Qatar, Bahrain, the UAE, Laos, and Turks and Caicos have all been added to the quarantine free travel list. Those arriving from the countries from Saturday [...]
Moody’s downgrades credit ratings of UK’s largest airports November 12, 2020 Three of the UK’s largest airports have had their credit ratings downgraded by Moody’s as the pandemic continues to hammer global air travel. Heathrow Finance, which owns the UK’s biggest airport, has had its corporate family rating reduced from Ba1 to Ba2. Obligations rated at Ba2 are judged to have speculative elements and are subject [...]
Government green job taskforce to support creation of 2m jobs November 12, 2020 The government has today launched a green jobs task force to support the creation of 2m skilled jobs over the next decade. The new body will assess what the UK job market needs to do to adapt as the country seeks to transition to a net zero emissions energy system by 2050. It will create [...]
Over 90 per cent of summer holidays cancelled despite travel corridors November 12, 2020 Over 90 per cent of holidays in July and August were cancelled this year due to the coronavirus pandemic, despite the opening of travel corridors. New figures from travel industry association ABTA have brought to light the full extent of the damage done to the sector by coroanvirus. As a result of the slew of [...]
BAE Systems set for £1.3bn boost from German Eurofighter deal November 12, 2020 Defence giant BAE Systems will receive a £1.3bn windfall from the German government’s purchase of 38 Eurofighter jets, it was confirmed today. Last week German officials announced the deal, which is worth around €5.4bn in total. The FTSE 100 company is part of an Airbus-led consortium which builds the jet fighter. The Times yesterday reported [...]
Premier Oil production to fall as Chrysaor merger nears November 12, 2020 Premier Oil reduced its production guidance this morning as the oil explorer prepares for its merger with fellow North Sea firm Chrysaor. The London-listed firm said output for the full year would now be 61,000 – 64,000 barrels per day for the year, down from previous forecasts of 65,000 – 70,000 barrels. Recent problems at [...]
National Grid profit slides as Covid costs increase November 12, 2020 Energy firm National Grid posted a 12 per cent decline in profit for the first half as the coronavirus pandemic increased the network owner’s costs. Underlying profit fell from £1.3bn to £1.15bn in the six month period, which the FTSE 100 company said was down to rising bad debt provisions and a shortfall in revenue. [...]
National Express recovery speeding up before second lockdown November 12, 2020 Coach operator National Express said that its revenue and earnings had continued to rise in the build up to the second national lockdown. In a trading update, the FTSE 250 business said that it had secured around 70 per cent of last year’s revenue in October, up from 60 per cent in August. It added [...]
Number of Tesla cars on UK roads triples in past year November 11, 2020 The number of Tesla cars on UK roads has more than trebled in the last year, new data from accountants UHY Hacker Young has shown. As of March, there were 90,900 models of the electric car in this country, up a whopping 336 per cent on the previous year. The rise in ownership comes on [...]
