Crossrail to run out of funding before full line opens as cost rises again July 9, 2021 Sadiq Khan is being urged to give assurances that there will be enough money to finish Crossrail after it was revealed that it could cost a further £218m to finish the much-delayed rail project. A new report from the National Audit Office (NAO) found that the controversial new line could cost between £30m and £218m [...]
Shares begin to trade for Icelandic start-up airline Play July 9, 2021 New low-cost Icelandic airline Play’s shares have this morning begun to trade on the country’s stock market, following the carrier’s recent successful float. To mark the moment, chief executive Birgir Jonsson rang the bell for the Nasdaq First North Growth Market Iceland at 12,000 feet. The start of trading comes just two weeks after the [...]
Senior ups forecasts on hopes of aviation recovery July 9, 2021 Aerospace engineer Senior today cranked up its full year forecasts in expectation that global aviation and energy markets would continue to recover throughout 2021. The London-listed firm, which recently saw off a takeover bid from private equity firm Lone Star, said it expected group production “to be slightly ahead of our previous expectations”. The update [...]
Quarantine to be scrapped for vaccinated non-Brits ‘in weeks’ July 9, 2021 International travellers coming to the UK who have been fully vaccinated could be exempt from quarantine rules within weeks, Grant Shapps has said this morning. Speaking to Sky News a day after he announced an easing of travel restrictions for fully vaccinated Brits, the transport secretary said ministers were “actively looking” to do the same [...]
Exclusive: BAM signs £95m deal to redevelop St Pancras industrial estate July 8, 2021 Construction firm BAM has been brought on by property firm W.RE to redevelop an old industrial estate near St Pancras’ hospital in Camden, City A.M. can reveal. Under the £95m deal, the firm will build offices, retail and two separate residential buildings on the site, as well as a new mini park. The St Pancras [...]
Car giant Stellantis to spend €30bn on electrifying its vehicles July 8, 2021 Car juggernaut Stellantis today announced €30bn (£25.8bn) worth of investment into electrifying its vehicles by 2030 as it joins the race to quit the internal combustion vehicle. Over the next five years, the firm – formed from the merger of Fiat Chrysler and Peugeot owner PSA – will set about rolling out low emission cars [...]
All the amber list countries you can now summer holiday in (if you’re vaccinated) July 8, 2021 Summer holidays are back on for millions of Brits as the government today scrapped the need for those who have been fully vaccinated to quarantine on return from “amber list” countries. The widely-trailed change to the international travel rules, which transport secretary Grant Shapps confirmed in a statement to Parliament today, opens up the chance [...]
Business travel groups urge government to prioritise international visitor exemption from quarantine July 8, 2021 Business travel firms have cheered today’s loosening of travel restrictions, but warned that the government needs to apply the same rules to international visitors if the sector is to fully recover. Earlier today transport secretary Grant Shapps announced that fully vaccinated Brits would no longer have to quarantine on return from “amber list” countries. The [...]
Trial services begin on Northern Line extension ahead of autumn opening July 8, 2021 Transport for London (TfL) has begun running trial services on the Northern Line extension to Nine Elms and Battersea ahead of this autumn’s opening. Four trains per hour are currently being run through the extension at weekends as part of trial operations. Once the extension opens, there will be an initial peak time service of [...]
Jet2 plunges to £370m loss after pandemic wipes out holidays July 8, 2021 Jet2 plunged to a £373.8m loss last year amid what it called “a period of unparalleled operational and financial challenges” due to the Covid-19 pandemic. The package holiday firm flew just 1.3m passengers last year as a result of widespread travel restrictions, down 91 per cent of the 14.6m it flew the year before. Due [...]
