‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
World’s largest low-carbon refuelling HGV station opens in UK March 3, 2022 The world’s largest low-carbon refuelling station for HGV has finally opened its doors in Avonmouth, near Bristol. The site, which opened today, is expected to refuel up to 80 HGVs per hour, using renewable bio methane to cut around 70,000 tonnes of CO2 emissions per year from HGVs. The station, installed and operated by bio [...]
Air Force One’s sister plane sent on training flight following Kremlin’s nuclear threats March 3, 2022 Air Force One’s sister plane, $200m Doomsday plane, was reportedly sent on a four-hour training flight following Russia’s nuclear threats to the West. Designed to become a flying government control centre in the event of a nuclear conflict, the Doomsday plane was seen on Monday taking off from a military base in Nebraska, the i [...]
Jet2 becomes first UK carrier to drop mandatory mask policy March 3, 2022 Passengers are no longer obliged to wear a face mask aboard Jet2 flights, as Jet2 was the first UK carrier to drop the requirement. “It’s no longer a legal requirement to wear a face mask at our airports or onboard our planes,” the airline said in a statement. “However, as per UK government guidance, we [...]
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]
Hyundai to invest $16bn by 2030 in EV push March 2, 2022 Automotive giant Hyundai is set to invest more than $16bn by 2030 in its electric vehicle (EV) businesses. The push – which is part of a wider set of investments worth $79.2bn – will help the Korean car maker to achieve a 7 per cent share in the global electric car market by 2030. “Hyundai [...]
Vertu Motors upgrades trading performance following automotive tailwinds March 2, 2022 UK automotive retailer Vertu Motors has upgraded its trading performance for the year ended 28 February, as it continues to benefit from used and new cars’ gross margins. In a trading update published today, the group said it expected the adjusted profit before tax to be “not less than £75m,” after it delivered a significant [...]
Wizz Air’s load factor increases despite Ukraine conflict March 2, 2022 Low cost airline Wizz Air is on track to get back to pre-Covid levels, as the Ukrainian conflict has so far impacted the carrier marginally. In February, Wizz Air carried 1.9 million passengers at a load factor of 91 per cent – a 258 per cent increase on February 2021. Even though it was forced [...]
BA’s owner IAG looks at all options but steers clear of rights issue March 2, 2022 British Airways’ (BA) owner IAG is reportedly looking at all options to best navigate the period’s ups and downs but said it was for the moment steering clear of rights issues. IAG’s boss Luis Gallego said that, while the group was starting to recover from the pandemic’s impact, geopolitical and economic turmoils pushed it to [...]
Russian aircraft in US scramble to fly out as airspace closes this evening March 2, 2022 Russian aircraft are left with only a few hours to leave the US, as the White House followed in the UK and Europe’s footsteps and decided to close its airspace to Moscow from tonight. “The United States stands with our allies and partners across the world in responding to Putin’s unprovoked aggression against the people [...]
“We will be the first back to Ukraine”, says Ryanair boss March 2, 2022 Ryanair will be the first airline to resume flying to Ukraine once it’s safe to do so, said chief executive Michael O’Leary. The company, who was forced on Thursday to halt all operations following the Kremlin’s invasion, expects sanctions will remain for the foreseeable future. “We halted all Ukrainian roots until March,” O’Leary said this [...]
