Flexible season tickets on sale from 21 June under new rail plan May 20, 2021 Flexible season tickets will go on sale from 21 June as part of newly announced reforms that represent the most comprehensive overhaul of the UK’s railways in decades. The long-awaited Williams-Shapps review, which was first mooted nearly four years ago, has finally been published by the Department for Transport (DfT). The paper proposes a number [...]
Add Europe to ‘green list’, Easyjet begs, as airline books £700m loss May 20, 2021 No respite for Easyjet as airline dives to £701m loss as it pins hopes on UK green list growing
National Grid cuts Covid-19 losses with ‘solid’ year May 20, 2021 National Grid this morning said it had limited the financial impact of the coronavirus pandemic to £296m, well ahead of the £400m hit it had previously predicted. The FTSE 100 firm this morning revealed that its underlying pre-tax profit had slipped just three per cent over the full year, falling from £2.5bn to £2.4bn. The [...]
First Group signs new deals for South Western Railways and Transpennine Express May 20, 2021 First Group has this morning agreed new contracts to continue running South Western Railway and the Transpennine Express. The new deals, the first contracts to be awarded under new plans to reform the UK rail network, will start at the end of May and last for two years. There will be the option to extend [...]
Climate risk start-up Cervest closes $30m funding round May 20, 2021 A tech start-up which has developed a number of tools to help firms keep track of climate risk has today closed a $30m Series A funding round. Cervest, which was founded in 2016, uses its “climate intelligence” platform to allow companies to keep track of environmental threats to their assets. Venture capital firm Draper Espirit [...]
JetBlue to enter transatlantic market with London-New York flights from August May 19, 2021 Low-cost airline JetBlue said that it would make its transatlantic debut in August as it seeks to shake up one of the world’s most competitive aviation markets. The carrier will launch daily flights from New York to Heathrow and Gatwick airports from 11 August and 28 September respectively. Tickets are now on sale for its [...]
Ryanair wins EU court challenges against KLM and TAP state aid May 19, 2021 Ryanair has this morning won its legal challenges against billions of euros in state aid paid to two European airlines as a result of the Covid-19 pandemic. KLM, the Dutch wing of Air France, and Portuguese carrier TAP were granted a combined €4.6bn by the European Commission in response to the crisis in aviation. However, [...]
BP and Eni mull merging Angola operations May 19, 2021 BP and Eni are mulling merging their oil and gas operations in Angola into a new joint venture, a move that would create one of Africa’s largest energy businesses. The two firms have entered into a memorandum of understanding (MoU) on a potential merger, it was announced today. In a statement, BP said that production [...]
BAE Systems on track for 2021 targets after strong start May 19, 2021 Defence giant BAE Systems this morning said that it was on track to hit sales and earnings forecasts for 2021. The firm, a major supply to the Ministry of Defence (MoD) and other governments around the world, said that it was well positioned for growth in the coming years due to plans to increase defence [...]
European car sales soar 250 per cent after lockdown May 19, 2021 European car sales soared back from lockdown lows last month, new figures from continental auto body ACEA showed today. Sales across the EU, EFTA, and UK rose 256 per cent altogether, rising from just over 292,000 cars last April to nearly 1.1m a year on. The massive rise is down to the fact that a year [...]
