‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
TfL seeks new partner for cable car with Emirates deal set to end September 7, 2021 Transport for London (TfL) is seeking a new commercial partner for the cross-Thames ‘Air Line’ cable car with Emirates’ decade-long sponsorship set to end next year. Since it opened in 2012 ahead of the London Olympics, there have been over 13m journeys on the capital’s only cable car. The 1km line, which links Greenwich to [...]
Trade authority to review decision to axe half of UK steel tariffs September 7, 2021 The UK’s trade practice watchdog has said that it will reconsider its recommendations over scrapping tariffs on some steel imports after industry protests. The Trade Remedies Authority (TRA) said that it had received eight submissions asking for it to review its initial assessment. Back in June the TRA triggered mass outrage from the steel industry [...]
BA pilots at Gatwick to be paid less than Easyjet’s September 6, 2021 British Airways pilots working for the carrier’s newly-announced subsidiary at Gatwick will reportedly be paid less than pilots at low-cost rival Easyjet. The Telegraph reported that junior captains will be paid between £97,000 and £114,000, while Easyjet captains earn from £108,000 to £148,000. The new pay structure is part of plans by the carrier to [...]
September surge: Tube records busiest morning since March 2020 September 6, 2021 This morning saw the busiest start to a day on the London Underground since the beginning of the pandemic in March 2020, Transport for London (TfL) said this morning. By 10am, Tube usage was up 17 per cent week-on-week, the network said, while bus passenger numbers jumped 39 per cent. There were 831,000 “taps” into [...]
Cinch signs deal with NFL to sponsor London matches September 6, 2021 Used car marketplace Cinch has today announced a new sponsorship deal with American Football’s National Football League. Under the deal, the firm will become the presenting partner of the NFL London Games and lead partner of NFL UK from the start of the 2021 season. Cinch’s branding will appear both at Tottenham Hotspur’s stadium for [...]
Silver Lake takes stake in breakdown firm RAC September 6, 2021 The RAC this morning said that private equity giant Silver Lake would take a stake in the breakdown assistance firm. The California-based investor will join GIC and CVC Strategic Opportunities I as a co-shareholder in the company. RAC chief executive Dave Hobday said that the new investment offered the firm a “fantastic opportunity to accelerate [...]
Ryanair ends negotiations with Boeing over new 737 Max 10 order September 6, 2021 Ryanair has today walked away from negotiations with Boeing over an order for its new 737 Max 10 after failing to agree on a price for the jets. Discussions over a deal have been ongoing for 10 months, but the two sides could not close the gap on price, the budget carrier said. As a [...]
Italy seeking exemption from 2035 combustion engine ban for supercar makers September 6, 2021 The Italian government is in talks with the European Union over finding a way to exempt supercar makers like Ferrari and Lamborghini from the upcoming ban on the internal combustion engine. In July the bloc unveiled plans which would see traditional diesel and petrol engines phased out by 2035. But yesterday an Italian minister told [...]
New car sales down a fifth in August as supply chain struggles bite September 6, 2021 New car sales fell over a fifth last month in the weakest August for sales since 2013, new data from the Society for Motor Manufacturers and Traders (SMMT) showed today. Just 68,033 models were registered last month in what is traditionally one of the slowest periods for sales. However, sales were down 7.6 per cent [...]
The new carriers looking to shake up transatlantic air travel September 4, 2021 After nearly 15 months of closed borders and grounded planes travellers have flocked back to airlines, desperate for a taste of pre-pandemic life. But though short-haul flying has bounced back relatively fast, the long-haul market remains a shadow of its former self. For no market segment is this more true than the transatlantic market, one [...]
