Packaging giant DS Smith sees profit tumble but e-commerce boom beckons June 22, 2021 Packaging giant DS Smith saw its profit slide in the last financial year as the boom in online shopping failed to offset the initial impacts of the Covid-19 pandemic. Despite record growth in the second half of the year, the cardboard maker said that profit before tax fell 37 per cent to £231m last year. Full-year revenue [...]
Hammer time for Thor Explorations as Nigeria-focused miner lists June 22, 2021 Nigeria-focused gold miner Thor Explorations has this morning listed on London’s AIM market with an expected market capitalisation of around £127m. The firm has a number of assets in the West African country, and is expecting to produce its first gold in July. It is expecting to produce 40,000 ounces of gold from the Segilola [...]
Tube set for full mobile coverage by end of 2024 June 22, 2021 Commuters will be able to access phone and internet coverage on every part of the London Underground network by the end of 2024, Sadiq Khan has announced. Transport for London (TfL) has today signed a new deal with mobile provider BAI Communications to provide 4G and 5G service across the transit system. The first stations, [...]
New flexible season tickets on sale from today June 21, 2021 Commuters can from this morning purchase new flexible season tickets designed to allow people to travel two or three days a week. The new flexible season ticket will allow passengers to travel for eight days in any month-long period, and can be used from 28 June. National Rail say that the ticket will offer a [...]
Calls for more ‘green list’ destinations grow ahead of travel review June 21, 2021 Pressure is mounting on ministers to add more countries to the UK’s travel “green list” after data showed that fewer than one in 200 people returning to the country from “amber list” destinations is testing positive for coronavirus. The next review of the traffic light system, which has been panned by the travel and airlines [...]
Lone Star hikes offer in final bid to take engineer Senior private June 21, 2021 Private equity firm Lone Star has today upped its bid for aircraft parts maker Senior, sending the Rickmansworth-headquartered company’s shares up 10.8 per cent this afternoon. Last month the FTSE-listed company rejected Lone Star’s £738m bid, saying that it fundamentally undervalued the company. But now the finance house has jacked up its bid from 176p [...]
Cornish Lithium raises £6m as metals rush gathers steam June 21, 2021 A lithium extraction firm focused on reviving Cornwall’s mining fortunes has today raised another £6m as interest in the nascent sector hots up. The aptly-named Cornish Lithium said that it would use the money to further its aim of creating a battery metals hub in England’s westernmost county. It added that it hit its £6m [...]
Finance chief takes the top job as Norwegian sacks CEO June 21, 2021 Finance chief takes the top job as Norwegian sacks CEO
British Airways ‘mulls pulling out of Gatwick’ June 21, 2021 British Airways has reportedly launched a review into closing it operation at Gatwick Airport as a result of the coronavirus pandemic. The flag carrier, a subsidiary of FTSE 100 firm IAG, is looking into whether to consolidate its operation at Heathrow, the Telegraph reported. Such a move would be yet another blow to the UK’s [...]
EU agrees sanctions against Belarus for Ryanair ‘hijacking’ June 18, 2021 The EU has today agreed economic sanctions against Belarus after Alexander Lukashenko’s regime forced a flight to land to detain a dissident journalist. The Austrian foreign ministry and a number of dissidents said that a technical agreement on the sanctions, the toughest yet response to the incident, had been reached. The punishment, if they are [...]
