Rolls-Royce set to sell ITP Aero to Bain ‘for €1.6bn’ August 4, 2021 Rolls-Royce has entered exclusive talks to sell its Spanish unit ITP Aero to a consortium led investment house Bain Capital for a rumoured €1.6bn (£1.5bn). The FTSE 100 engineer is looking to raise £2bn from selling off various assets in a bid to restore its balance sheet after the travails of the coronavirus pandemic. ITP, [...]
Battle brewing over ‘unreformed and generous’ TfL pension scheme August 4, 2021 Sadiq Khan is gearing up for a battle with Transport for London (TfL) staff after a report on the transport operator’s finances found its pension scheme was “expensive, unreformed and generous”. According to the Telegraph, advisers to London’s Mayor have said that the current scheme is more beneficial for workers than models used by Network [...]
Croydon tram crash: Families make official call for new inquest August 4, 2021 The families of the victims of the Croydon tram crash have made a formal request for a fresh inquest into the incident, after last month’s verdict was slammed as a “total farce”. In July the jury ruled that the seven deaths were the result of an accident after the coroner did not call representatives of [...]
Confirmed: 16 and 17 year olds will now be invited for Covid vaccine August 4, 2021 Teenagers aged 16 and 17 across the UK will be given the green light to get vaccinated against coronavirus very shortly. The Joint Committee on Vaccination and Immunisation has approved the move and the UK and devolved nations’ health administrations will begin the rollout shortly. Professor Jonathan Van-Tam, deputy chief medical officer for England, said [...]
Which countries could be added to the travel ‘green list’ this week? August 4, 2021 Holidaymakers are waiting with bated breath to see which – if any – countries will be added to the UK’s travel “green list” at Thursday’s travel traffic light review. At the moment, there are just 29 countries and dependencies on the “green list”, with few popular tourist destinations included. There were fears this week too [...]
Global car giants flag production falls as chip shortage grips August 4, 2021 A string of global car giants warned over their production targets today as the global semiconductor shortage showed no signs of abating. General Motors (GM), Toyota, and Honda all said that vehicle output would be lower than previously estimated in the second half of the year. GM said that it would be about 100,000 cars [...]
Petrol prices hit eight-year high as fuel demand surges August 4, 2021 Motorists are feeling the pinch as petrol prices hit their highest levels since 2013 after eight straight months of price rises. According to the RAC, petrol and diesel prices jumped by 3.4p and 2.7p per litre in July, meaning the former now costs 135.13p per litre. For diesel, the cost is 137.06p per litre, the [...]
Mike Ashley ‘set to step down’ as chief exec of Frasers Group August 3, 2021 Mike Ashley is reportedly set to hand control of his retail empire to his prospective son-in-laww after nearly 40 years in charge of Sports Direct. The Telegraph reported that the Frasers Group chief executive could confirm the decision alongside the firm’s results on Thursday. It is expected that he will become the deputy chairman of [...]
Foreign Office ‘urgently investigating’ hijacking in the Gulf of Oman August 3, 2021 The Foreign Office is “urgently investigating” a potential hijacking off the coast of the UAE, a spokesperson said this evening. Earlier today the UK’s maritime trade authority issued a warning over the incident, which took place near Fujairah in the Gulf of Oman. Later it upgraded the incident to a “potential hijacking” and warned other [...]
McLaren ‘to sell off Applied Technologies division to Greybull’ August 3, 2021 McLaren has reportedly struck a deal to sell off its Applied Technologies division to Greybull Capital as the supercar maker continues to streamline its operations. According to Sky News, the deal could be announced as early as tomorrow, although details of the size of the deal were as yet unclear. It comes just weeks after [...]
