Local Tories urge Grant Shapps to save ‘vital’ Bakerloo Line extension July 28, 2020 Conservative councillors have urged transport secretary Grant Shapps to guarantee the future of long-awaited Bakerloo Line extension to Lewisham after it was thrown into doubt. Transport for London (TfL) warned last week that the Bakerloo Line extension may “be unable to progress” unless a new funding model is agreed. It is one of four major [...]
UK considers regional quarantine rules for overseas countries July 28, 2020 The government is considering putting in place quarantine measures for certain regions of foreign countries rather than the whole country, transport minister Baroness Vere confirmed. Speaking in the House of Lords today, Vere said: “For the time being we are taking the approach by country for border measures, but it is the case that it [...]
PwC refuses to audit miner Petropavlovsk amid board room battle July 28, 2020 Big Four auditor PwC has said that it will not work with gold miner Petropavlovsk due to concerns over corporate governance at the FTSE 250 firm. Since early July, the Russian focused miner has been gripped by infighting, with two rival groups of shareholders battling for control of the company. At the firm’s last board [...]
Alstom set for green light for €6bn Bombardier rail deal July 27, 2020 French giant Alstom is set to get approval from the EU’s competition watchdog to buy Bombadier’s rail business, paving the way for the creation of the world’s second largest rail firm. Reuters reported that regulators were set to give the deal the go-ahead after Alstom made a number of concessions due to antitrust fears. In [...]
Foreign Office warns against all but essential travel to Spanish isles July 27, 2020 The Foreign Office is now warning against all but essential travel to the Balearic and Canary Islands after a surge in coronavirus infections in Spain. Travellers returning from the islands to the UK will have to quarantine for 14 days, the FCO confirmed via tweet this evening. “Travel advice for Spain has been further updated. [...]
Jet2 cancels Spain flights after UK implements travel quarantine July 27, 2020 Budget airline Jet2 said it was cancelling flights from the UK to popular holiday destinations in Spain as a result of the government’s decision to reimpose mandatory quarantine measures on travellers from the country. The carrier tweeted a statement, saying: “Following the latest government advice regarding travel to mainland Spain from the UK, we have [...]
Greenland gold miner AEX to list on AIM market after £42.5m raise July 27, 2020 Greenland-focused gold miner AEX Gold will be admitted to London’s junior AIM market on Friday after raising £42.5m through a share placing today. The company had hoped to raise £45m through the initial public offering, one of the very few flotations on a London bourse since the coronavirus pandemic struck. AEX placed 94m shares at [...]
Trump’s national security adviser tests positive for coronavirus July 27, 2020 US President Donald Trump’s national security adviser Robert O’Brien has tested positive for coronavirus, the White House confirmed today. In a statement, the White House confirmed that there was no risk of exposure to either the President or vice-president Mike Pence. The 54-year-old O’Brien, who is the most senior official in the Trump administration to [...]
Cairn Energy sells Senegal stakes to Lukoil for $400m July 27, 2020 Oil explorer Cairn Energy has sold its entire stake in a number of oil fields off the coast of Senegal to Russian firm Lukoil for $400m (£310m). The firm said it would return “at least” $250m to shareholders as part of a special dividend. Shares in the FTSE 250 firm shot up 7.4 per cent [...]
Ryanair and Easyjet to continue flying to Spain despite quarantine July 27, 2020 Neither Ryanair or Easyjet will cut their number of flights to Spain despite the government reimposing mandatory quarantine measures on people travelling from the country, the low-cost carriers confirmed today. In a statement, the latter said: “We plan to operate our full schedule in the coming days. “Customers who no longer wish to travel can [...]
