FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
London risks lost summer unless vaccinated foreign tourists can bypass quarantine, businesses warn June 25, 2021 London risks lost summer unless vaccinated foreign tourists can bypass quarantine, businesses warn
Virgin Galactic granted license to take customers to space June 25, 2021 Sir Richard Branson’s Virgin Galactic has today received a commercial licence to fly customers into space, the firm announced today. The US Federal Aviation Authority (FAA) has updated its existing licence to fly test missions to include commercial passengers. The decision to grant the company a full license comes after a successful test flight last [...]
Online retailer CMO eyes £100m AIM listing in bid to disrupt building materials market June 25, 2021 Online-only building materials firm CMO is set to list on London’s AIM market next month, the company announced this morning. City A.M. understands that the Plymouth-headquartered outfit is likely to fetch a valuation of around £100m. CMO will be looking to follow in the footprints of fellow home improvement retailers Victorian Plumbing, which listed on [...]
Car production still stalled at just half of pre-pandemic levels June 25, 2021 The number of cars produced in the UK last month remains mired at nearly half of pre-pandemic levels as the industry grapples with shortages of key components like semi-conductors. In May, 54,962 cars rolled off production lines, a tenfold improvement on the same month in 2020, when factories were in lockdown. However, the figure is [...]
Fully vaccinated Brits in line for quarantine-free travel ‘later this summer’ June 24, 2021 Brits who have had two jabs of a coronavirus vaccine may yet be able to travel without quarantining on return ‘later this summer’, the government said this evening. Transport secretary Grant Shapps said the government was considering removing the quarantine period for fully vaccinated people travelling from amber list countries, “showing a real sign of [...]
Travel green list: Will Ibiza, Malta and Madeira be added even as Merkel urges EU to shut the gates June 24, 2021 Travel green list: Will Ibiza, Malta and Madeira be added even as Merkel urges EU to shut the gates
Her Majesty’s pleasure: Wind farm windfall sends Crown Estate value soaring June 24, 2021 A raft of new wind farms has sent the value of the Queen’s property holdings up 7.5 per cent over the last year, the Crown Estate announced today. The portfolio, which comprises London’s Regent Street, the seabed and half of the foreshore around England and Wales, is now worth £14.4bn. The marine division saw its [...]
MoD slammed as key contracts face 20 years of delays June 24, 2021 The Armed Forces are facing combined delays of more than 20 years in the introduction of new technologies and critical equipment, a brutal new report has warned. According to the National Audit Office (NAO), contracts are being hampered by a combination of underperforming suppliers and the Ministry of Defence (MoD)’s lack of project management skills. [...]
Government should ‘rip up the rule’ book on rail fares June 23, 2021 The government needs to go further when it comes to rail ticketing reform and “rip up the rulebook”, or else businesses will suffer, a trade body has warned today. Jane Gratton, head of people policy at the British Chambers of Commerce, welcomed the newly announced flexible season tickets, but said the whole fares system needed [...]
Travel industry unites in last-gasp SOS as second ‘lost summer’ looms June 23, 2021 Pilots, travel agents and union members descended on Westminster this afternoon in a plea for the government to “save” the long-suffering travel industry. Due to Covid-19 restrictions, the protestors were forced to appear one after another in two groups of 400, as part of a coordinated campaign of similar events around the country. But even [...]
