Ride-hailing firms Gett and Ola sign corporate partnership August 6, 2020 Ride-hailing firms Gett and Ola have today announced a new partnership following a surge in demand for corporate travel as the UK returns to work after the coronavirus lockdown. The partnership will allow Gett’s corporate clients access to Ola’s platform in London, enabling them to request a variety of Ola ride options from September. In [...]
Petropavlovsk shareholders set for crunch vote after months of boardroom strife August 6, 2020 Shareholders at gold miner Petropavlovsk will on Monday vote to settle months of strife after a long-running tussle for control of the firm’s board. Voters will choose between rival proposals investors from Prosperity Capital Management and Everest Alliance over the future make-up of the board after seven directors, including chief executive Pavel Mavlovskiy, were ousted [...]
Brussels set to make face masks compulsory in public places August 6, 2020 The local Brussels government is preparing to force people to wear face masks in public spaces and in private places accessible by the public, should the recent surge in coronavirus infections continue. According to Rudi Vervoor, the minister-president of the Brussels region, the order will be imposed as soon as the daily number of cases [...]
Meggitt shares sink over reports firm mulling equity raise August 6, 2020 Engineering firm Meggitt has said it is reviewing its options after reports that the FTSE 250 firm was considering raising new equity to help bolster its finances. Yesterday Bloomberg reported that the aerospace engineer was mulling a $600m (£455m) sale of new stock and was reviewing its debt with advisers. Shares fell 6.2 per cent [...]
Ministers set to impose quarantine restrictions on Belgium August 6, 2020 The government is preparing to hit travellers from Belgium with mandatory quarantine restrictions after a spike in coronavirus cases in the country. The Daily Mail reported that ministers would sign off on the decision to impose 14-day self-isolation measures on all those travelling from Belgium to the UK at a meeting this evening. It added [...]
Ryanair increases services to 60 per cent of pre-Covid levels in August August 6, 2020 Budget carrier Ryanair today said that it had successfully increased its flight schedule to over 60 per cent of pre-Covid levels as passenger numbers continue to grow after lockdown. Having restarted its services in June, the Irish airline said that it would fly 11,000 flights a week throughout the month, over 1,600 routes. In September, [...]
Lufthansa posts worst loss in history amid warnings of prolonged air travel slump August 6, 2020 Lufthansa has posted the worst loss in its history in the second quarter as the German airline warned that it did not expect air travel to return to pre-pandemic levels until 2024. As a result of coronavirus, the state-backed airline flew 96 per cent fewer passengers between April and June, leading revenue for the period [...]
Glencore shares fall as miner cuts dividend amid growing debt August 6, 2020 Shares in miner Glencore fell 3.8 per cent this morning after the commodities giant said that it would scrap its $2.6bn dividend to concentrate on reducing debt. As a result of the coronavirus pandemic, which has lowered prices for the company’s minerals due to a slump in demand, Glencore said it had booked a total [...]
Voi to roll out first UK e-scooter trial in Cambridge August 6, 2020 Swedish firm Voi has been selected to run one of the first e-scooter trials in the UK in Cambridge as part of the government’s consultation on the new form of urban mobility. Working in partnership with local authorities, Voi will install its first fleet of coral-coloured scooters in the city by September, and create 50 [...]
Global oil prices hit five-month high despite demand fears August 5, 2020 Global oil prices hit their highest levels in five months today after a larger than expected decline in US crude inventories offset fears of a slowdown in fuel demand. Prices had eased back in recent days as the world braces for a second wave of the coronavirus pandemic, which could hamper demand just as oil [...]
