UAE in talks with Taliban to run Kabul airport November 24, 2021 The UAE is reportedly in talks with the Taliban regime to operate Kabul airport, in a move that will put Abu Dhabi against Qatar. In an exclusive, sources told Reuters that Emirati officials are moving to assert their influence over the country, snatching it from the influence of Qatar – which alongside, Turkey, has run [...]
Musk offloads another $1.05bn crossing the halfway mark November 24, 2021 Tesla’s chief executive Elon Musk has sold another 934,091 shares for $1.05bn, crossing the halfway point in his plan to offload 10 per cent of his stake in the company US securities filings from late last night showed that Musk carried out the sale after exercising options to buy 2.15 million shares. Since 6 November [...]
Alfa Romeo Formula 1 simulator AB Dynamics booming as revenues hit £65.4m November 24, 2021 AB Dynamics, manufacturer of driving robots and simulators used by the Alfa Romeo Formula 1 team, has registered a 6 per cent increase in revenue, going up to £65.4m in the year ending 31 August. In the second half of the year, the company hit records in terms of order intake and cash generation, with [...]
Johnson Matthey results lift as giant sells glass technology business November 24, 2021 Chemical giant Johnson Matthey (JM) called its performance in the first half of the year “resilient”, as sales went up 21 per cent to £1.9bn and revenue increased 23 per cent. Driven by the higher average price of precious metals, the company’s underlying operating profit also jumped to £293m, up 102 per cent and ahead [...]
Small businesses won’t survive 2022 without Christmas bumper, research shows November 24, 2021 Almost one fifth of small and medium-sized enterprises (SMEs) will not survive 2022 without a Christmas bumper period, as around 36 per cent of businesses make 20 per cent of their annual revenue during the festive period. Research from business insurance provider Simply Business has highlighted how two thirds of business owners believe a good [...]
Green second-hand: a third of Brits considering buying used EV, research reveals November 23, 2021 A third of Brits is considering buying a used electric vehicle (EV) as their next car. Research from Volkswagen Financial Services (VWFS) UK has revealed that 35 per cent of British people are more likely to consider an EV as their next car as a result of the fuel crisis, with 32 per cent stating [...]
Easyjet recruiting 1,500 seasonal cabin crew for summer 2022 November 23, 2021 Easyjet is recruiting 1,500 seasonal cabin crew roles across Europe to serve the ramp up in demand that is expected to take place next summer. Working between March and October 2022, most of cabin crew members will be based in the UK. An additional 250 members will go back to working for Easyjet having operated [...]
Aviation recovery on its way, BA’s owner assures November 23, 2021 Luis Gallego, chief executive of British Airways’ (BA) owner IAG, is convinced aviation recovery will get back to pre-pandemic levels by 2023, as a result of the easing of air travel restrictions and the opening of transatlantic travel. Speaking yesterday at the Airlines UK conference in Westminster, Gallego revealed that “transatlantic bookings have reached almost [...]
UK to focus on hydrogen-powered transport, Shapps announces November 23, 2021 Transport secretary Grant Shapps has announced the UK will focus on the development of hydrogen-powered transport to achieve its net zero targets. Speaking at the Expo 2020 Dubai, the secretary talked about a partnership with the UAE to develop a technology innovation centre to reduce the environmental impact of aviation and shipping, the Independent reported. [...]
BA’s owner IAG could face investigation over Air Europa’s takeover November 22, 2021 British Airways’s owner IAG could face a formal investigation by the UK Competition and Markets Authority (CMA) over the proposed takeover of Spanish carrier Air Europa. The watchdog announced today that it is “considering whether this transaction, if carried into effect, will result in the creation of a relevant merger situation” that could lead to [...]
