FTSE 100 live: London markets to begin higher in sync with global peers; US Fed policy decision and Amazon.com earnings in spotlight
Crossrail to open by June 2022, says TfL boss November 16, 2021 Transport for London’s commissioner Andy Byford has announced the Crossrail will be open to the public by June 2022. Speaking at a Greater London Authority’s (GLA) transport committee meeting, Byford said: “I think we’re in a really good place to get this railway open. “We still maintain that opening window between February and June. It [...]
Christmas chaos as Heathrow inaccessible via Tube or rail November 16, 2021 Passengers will have to take the car if they want to go to Heathrow on Christmas and Boxing Day. Network Rail and Transport for London (TfL) will be in fact carrying out works on the railway network and Tube services to the airport, MyLondon reported. Network Rail will be carrying out signalling and HS2 work [...]
“It’s a big Lego!” Inside Airbus’s manufacturing of the A350 November 16, 2021 Plane maker Airbus is predicting that airlines will need 39,000 new planes built by 2040, as more travel for holidays and work and the need for replacing old and less-fuel efficient models increases. The manufacturer has forecast that small aircraft such as the A320 will be the main drivers behind the demand, while around 4,000 [...]
Tesla’s market value tumbles below $1tn after Musk’s offloading November 15, 2021 Tesla’s market value has fallen below $1tn for the second time in four sessions, after investors reacted to chief executive Elon Musk’s offloading $6.9bn worth of shares. Following a $187bn loss in market value over the last week, the company dropped below $995.75, losing its $1tn status. Tesla’s shares bottomed to $983.25 this morning – [...]
Around 180,000 jobs could be lost if travel restrictions return, travel council warns November 15, 2021 Around 180,000 jobs could be lost across the UK travel and tourism sector this year if travel restrictions are re-imposed this winter. Data from the World Travel and Tourism Council (WTTC) has revealed that up to 500,000 Brits could see their job at stake if wider measures to stop the spread of Covid-19 – including [...]
Virgin Atlantic back at Gatwick after U-turn November 15, 2021 Virgin Atlantic could go back to operating from Gatwick airport from next summer after a 18-month hiatus. After being forced to leave the Sussex hub during the peak of the pandemic, the carrier has confirmed Gatwick flights will resume, the Times reported. “We maintain our ambition to rebuild our presence at Gatwick as demand returns, [...]
Wizz Air to buy up to 196 Airbus A321 November 14, 2021 Wizz Air has announced the purchase of 102 Airbus A321 aircraft – divided between 75 Airbus A321neo and 27 Airbus A321XLR – that will be delivered between 2025 and 2027. It follows Airbus’s forecast that up to 39,000 new aircraft will be built by 2040, as a result of increasing passenger numbers as well as [...]
Supply chain crisis could last until 2023, UK ports warn November 14, 2021 The supply chain crisis could last up until 2023, Associated British Ports (ABP) – the UK’s biggest port operator – has warned. ABP’s chief executive Henrik Pedersen, told the Sunday Times: “When you have congested container ports around the world, it takes a very long time to turn it around. We have a shortage of [...]
Airbus predicts 39,000 new planes will be built by 2040 November 14, 2021 Aircraft manufacturer Airbus is predicting that around 39,000 new planes will be built by 2040 as passenger traffic and the need for replacing old models increase. Out of the overall 39,000 expected, 15,250 aircraft will be destined to replace less fuel-efficient models. This will result in the majority of commercial planes in operation becoming fuel-efficient [...]
HS2’s eastern to be scrapped while northern railways get £100bn November 14, 2021 Transport secretary Grant Shapps is expected to face criticism over the rumoured decision to scrap HS2’s eastern leg that would connect Birmingham to Leeds. Announcing the outcome of the Rail Integrated Plan on Thursday, Shapps is likely to confirm the decision, while setting forth an almost £100bn investment in the English railway network, the Sunday [...]