Flights to Canary Islands cancelled as volcano emits toxic gases December 15, 2021 Flights to the Canary Islands were still being cancelled this morning after toxic gasses from the volcano in La Palma were detected across the island. According to aviation analytics firm Cirium, 21 flights were cancelled to and from airports in the Spanish archipelago yesterday, with a further two cancelled today. To face the situation, yesterday [...]
Funding crisis: PM Boris Johnson slams City Hall for creating TfL’s ‘black hole’ December 15, 2021 Prime Minister Boris Johnson has accused London mayor Sadiq Khan of creating Transport for London’s (TfL) financial “black hole.” “What happened is the Labour mayor of London embarked on a reckless unfunded fares policy that left a huge black hole in TfL’s finances,” Johnson said during PMQs. Responding to accusations made by Labour MP Ruth [...]
Pilot union calls for winter resilience fund as Omicron hinders sector’s recovery December 15, 2021 The British Airline Pilots’ Association (Balpa) has written to the government asking for a winter resilience fund to help aviation face the Omicron variant. Citing the restrictions’ financial impact, Balpa has asked for around £15m for the development of pilot training schemes, arguing they will prove fundamental for the industry’s recovery. “Just when we thought [...]
Investors call Wizz Air out over staff rights while shares go down December 15, 2021 Wizz Air was called out by a group of 14 investors over concerns that the low cost carrier does not allow its staff to unionise. The company’s shares went down 2.45 per cent to 4,054p, closing at 3,966p. The group – which includes British fund Ardevora Asset Management – said that while the right to [...]
When clickbait becomes investor bait: LadBible makes strong debut on AIM with £360m market cap December 15, 2021 Digital youth publisher LBG Media, also known as LadBible, started a successful day of trading on the London Stock Exchange's AIM market today, with shares already climbing to 195p by midday.
Plan B “little impact” on used car price growth, data reveals December 15, 2021 The UK Government’s plan B has had little impact on either consumer demand and user car price growth. According to data from Auto Trader, between 6 and 12 December prices for used cars went up 28 per cent on a year-on-year and like for like basis – a 26.9 per cent increase compared with the [...]
FTSE100 dips amid inflation surge December 15, 2021 The London FTSE100 index plunged this morning after data showed that inflation rates surged to 5.1 per cent in November – its highest level in a decade. Despite the surge, investors are no longer expecting the Bank of England to raise rates. The index saw retailers such as Next and Ocado fall 2.74 and 1.79 [...]
Goodwin travels upwards despite price pressure and supply chain issues December 15, 2021 Mechanical manufacturing company Goodwin has had positive financial results despite being affected by prices pressure and supply chain issues. The company’s shares registered today a 9.25 per cent dive, going down to 3,140p. In its half year results to 31 October, the group’s profits, before and after tax, have gone up to £7.7m and £6m [...]
British Airways owner IAG moves to terminate takeover agreement with Air Europa December 15, 2021 IAG, the aviation giant that owns British Airways, Iberia and Aer Lingus, has moved to back-track on its takeover of Spanish airline Air Europa, bringing down shares by 4.59 per cent to 126.48p. The BA owner this morning said “discussions are at an advanced stage to terminate the agreement signed on 4 November 2019” whereby [...]
Hollywood Bowl brings home profits despite Covid closures December 15, 2021 Bowling operator Hollywood Bowl managed to bring home profits despite Covid restrictions halting business for the better part of the year. The company’s shares have gone down 0.87 per cent, to 227.50p. In its final results for the year ended 30 September, Hollywood Bowl registered a 0.9 per cent increase in its operating profit margin, [...]
