IATA calls UK’s Spain travel quarantine a ‘big setback’ to recovery July 27, 2020 Global aviation body the International Air Transport Association (IATA) has criticised the UK’s decision to reimpose a mandatory quarantine on travellers from Spain, saying the decision falls “short of the mark”. Yesterday ministers took a snap decision to reinstate the 14-day self-isolation rules for the Iberian country due to a surge in new coronavirus cases. [...]
BA owner IAG mulls €2.75bn raise by ‘end of summer’ July 24, 2020 British Airways owner IAG is mulling for a share issue worth up to £2.75bn (£2.4bn) at the end of the summer. The plans to raise equity come as the airline group takes steps to shore up its finances in light of the coronavirus pandemic, which has battered the global aviation sector. In a regulatory notice [...]
Government adds five countries to travel corridors list Portugal snubbed July 24, 2020 The government has added five new countries to its list of countries people from England can travel without needing to quarantine on return, but has left Portugal off. It had been widely expected that the Iberian nation would be added to the “travel corridor” list, having been snubbed when the initial list was released three [...]
Number of overseas visitors to UK halved in March on coronavirus fears July 24, 2020 The number of overseas people to travel to the UK halved in March, the Office of National Statistics said today, as the coronavirus pandemic began to hammer international transport. As the ONS stopped collecting travel data on 16 March due to the pandemic, it said that the figures were based on assumptions of data collected [...]
TfL may halt Crossrail 2 work over government funding review July 24, 2020 Transport for London (TfL) today warned it may have to pause work on some of its biggest infrastructure projects, including Crossrail 2, unless it gets a new funding deal from the government. The capital’s transport operator this morning set out its revised budget for the year, saying it would need £3.5bn due to the damage [...]
TfL’s financial blackhole hits £3.5bn as commuters stay home July 24, 2020 Transport for London (TfL) this morning said it would need £3.5bn in funding over the full year due to uncertainty over commuter demand due to the coronavirus. The figure is £300m higher than that laid out in the transport operator’s emergency coronavirus budget in May. It also said that it would require an additional £2.9bn [...]
Ferguson sees sales recover after coronavirus drop July 24, 2020 Plumbing parts group Ferguson said it had seen trading improve steadily since the heights of coronavirus lockdown in April. In a trading update, the FTSE 100 firm said that revenue in the period between May and July was down 3.6 per cent, compared to 15.6 per cent in April. Shares in Ferguson rose 1.7 per [...]
British Gas owner Centrica to sell US business for £3bn July 24, 2020 Centrica has today announced that it will sell US subsidiary Direct Energy for £2.8bn as it attempts to restructure after a brutal couple of years for the British Gas owner. Shares in the firm rose 24.3 per cent on the back of the news. The move comes as the former FTSE blue chip attempts to [...]
Shaun Bailey accuses Sadiq Khan of misleading MPs over TfL pay July 23, 2020 Shaun Bailey has challenged London mayor Sadiq Khan’s claims that the number of Transport for London employees earning over £100,000 had dropped during his tenure. Speaking to MPs yesterday at a hearing of the transport select committee, Khan was asked by Robert Largan to justify why 557 employees were on such remuneration packages. The mayor [...]
Ovo strikes tech sharing deal with Italian energy giant Eni July 23, 2020 Challenger energy brand Ovo today signed its first international partnership licensing Italian giant Eni gas e luce to use its technology platform. The energy supplier has set its sights on doubling its 10m customer base by 2050, while also transitioning to a zero carbon energy system. Financial details of the new partnership were not disclosed. [...]
