Qatar takes 10 per cent stake in Rolls-Royce green nuclear business December 20, 2021 Qatar’s sovereign wealth fund the Qatar Investment Authority (QIA) is reportedly investing £85m in a low-carbon nuclear plant developed by Rolls-Royce and backed by the UK Government. The QIA will own a 10 per cent stake while Rolls-Royce will be left with 70 per cent ownership after investing £195m in the project. Other stakeholders will [...]
Travel shares tank as lockdown concerns mount December 20, 2021 Shares of airlines such as British Airways’ (BA) owner IAG as well as Easyjet have tanked today as concerns over a possible strengthening of restrictions – including a potential Christmas lockdown – mount. IAG went down 3.35 per cent to 127.62p, while Easyjet registered a 2.11 per cent decline to 497.70p. According to Francesco Ragni, [...]
Train services from south Wales return to London December 20, 2021 An additional 18 train services connecting south Wales and London have returned this morning after being cut because of the pandemic. According to Jess Morden, Labour MP for Newport East, the return of services connecting Wales with the capital was “really important.” “We’re seeing more people now using the trains again and it’s really important [...]
Ryanair stops trading on LSE over post-Brexit regulations December 20, 2021 Ryanair announced that it has stopped trading on the LSE’s main market from 8am this morning, while maintaining a primary listing on Dublin’s Euronext. With an £18.4bn value, Ryanair was one of the biggest airlines listed in London. The decision pushed down the low-cost carrier’s shares on the Irish market to €13.85, 4.25 per cent [...]
Queues at ports and Eurostar as France travel restrictions loom December 17, 2021 Travellers waiting at UK ports for Channel ferries are reporting hour-long queues to board, while Eurostar is advising ticketless customers to steer clear of London St Pancras following the French Government’s decision to effectively close its borders to UK travellers from tonight at 11pm (GMT). UK operator P&O Ferries told the BBC that the average [...]
Musk close to 10 per cent target after offloading 934,000 shares December 17, 2021 Tesla’s chief executive and serial entrepreneur Elon Musk has sold almost $14bn worth of shares, getting closer to selling 10 per cent of his total Tesla holdings. According to SEC filings, the chief executive yesterday offloaded 934,091 stocks for $884.1m. Musk’s latest selling round was made to pay for taxes on the exercise of stock [...]
Rail fares to go up 3.8 per cent from March, adding to increasing living costs December 17, 2021 The Department for Transport announced today that from March rail fares will go up 3.8 per cent, 3.3 per cent less than the current price index (RPI) of 7.1 per cent. The government’s decision will add to the increasing costs of living, fuelled by a 5.1 per cent hike in inflation rates – the highest [...]
Warner Music buys 300 Entertainment for $400m December 17, 2021 Warner Music has announced the purchase of 300 Entertainment, the label behind artists such as Megan Thee Stallion and Mary J. Blige. Even though both companies did not disclose the deal’s value, sources told Reuters it amounted to around $400m. “[Warner Music] is the perfect home for 300 artists and our team, as we invest [...]
Half of Brits still planning to visit family over Christmas despite Omicron concerns December 17, 2021 Despite concerns over the latest Covid variant Omicron, almost half of Brits have stated they will go ahead with their plans to visit family and friends over the festive period. Data gathered by independent watchdog Transport Focus over the course of the first two weekends of December has shown that 46.5 per cent of out [...]
Helical buys 100 New Bridge Street office site for £160m December 17, 2021 Real estate firm Helical has bought City office site 100 New Bridge Street for £160m. The deal – which is considered a Class I transaction – is conditional to shareholder approval at the firm’s general meeting, to take place in early February. “The acquisition of 100 New Bridge Street provides us with the opportunity to [...]
