Will hydrogen fuel the UK’s net-zero coronavirus comeback? June 12, 2020 As the UK begins to take its first cautious steps out of the lockdown that has precipitated the worst economic crisis in modern history, thoughts have inevitably begun to turn to the question of what comes next. For some, the devastation wreaked by the coronavirus pandemic gives the UK a chance to fundamentally reset its [...]
Travelex set for restructuring after auction process halted June 12, 2020 Debt investors in embattled foreign exchange provider Travelex are pushing the firm’s banks to negotiate a restructuring deal. Sky News reported that after an auction process stalled, bondholders represented by investment bank PJT Partners are pushing banks including Barclays and Goldman Sachs to enter negotiations. Travelex’s banks are owed about £90m by the company, while [...]
Uber to make face masks mandatory for all from Monday June 12, 2020 Uber has announced that it will be mandatory for all of its passengers and drivers to wear face masks from 15 June. The measures, which are in line with new public health rules over public transport use, will initially apply to London before a wider rollout across the UK. As part of the initiative, which [...]
British Airways, Ryanair and Easyjet launch quarantine legal action June 12, 2020 The UK’s three largest airlines have today launched legal action against the government’s plan to make all incoming travellers to the UK quarantine for 14 days. Rivals British Airways, Ryanair and Easyjet have come together to see a legal review of the plan as soon as possible. In a joint statement, they said the measures [...]
Ryanair set for net loss as quarantine legal action launches June 12, 2020 Ryanair is on course to book a loss to €200-€300m (£179m-£269m) in this financial year, chief Michael O’Leary has told a Spanish newspaper. Speaking to Expansion, O’Leary added that he expected the budget carrier to return to profitability next year. He said: “Everything will depend on how people will fly between September and March and [...]
Face masks and all bags in the hold: Government sets out air travel advice June 11, 2020 The Department for Transport has today laid out plans for safe aviation travel, setting out measures airlines and airports should implement to protect passengers. In line with other forms of public transport, passengers are told to wear face masks on planes and in airports, and are also encouraged to check all bags including hand luggage [...]
Tui pushes back holiday restart plans to 10 July due to quarantine June 11, 2020 Holiday firm Tui announced today that it would cancel all beach holidays for British tourists up to 10 July due to uncertainty over the government’s quarantine rules. The tour operator had previously planned to restart its holidays at the beginning of July, but said that the requirement for all travellers to England to quarantine for [...]
Fiat-PSA mega-merger faces months-long competition probe June 11, 2020 The $50bn mega-merger between car giants Fiat Chrysler and Peugeot owner PSA is facing a four-month competition probe from European antitrust officials after the companies failed to provide requested concessions. Over the weekend it emerged that the two firms had been warned by the European Union over their combined high market share in small vans. [...]
Bombardier warns over 400 job cuts at Belfast plant June 11, 2020 Planemaker Bombardier may be forced to cut 400 jobs in Northern Ireland, it was reported today, due to the “extraordinary industry interruptions and challenges” caused by coronavirus. The potential redundancies were confirmed after the Canadian firm laid out plans earlier this week to lay off 2,500 workers. The cuts would account for over 10 per [...]
British Gas owner Centrica to cut 5,000 jobs June 11, 2020 British Gas owner Centrica has said that it will cut 5,000 jobs this year as it seeks to restructure its business model after coronavirus. More than half of the cuts, which account for 20 per cent of its workforce, come from managerial positions. Today’s announcement comes on top of 2018’s plans for 4,000 redundancies by [...]
