Screenshot: Is Uber nearing the end of the road? February 26, 2021 This week **Media Moment of the Week: Boris’ career coaching **Is Uber nearing the end of the road? **Apple’s merger madness Media Moment of the Week: Boris’ career coaching Social media is a fickle beast, but if there’s one sure-fire way to generate outrage it’s to insult journalists. That’s what Boris Johnson did this week, [...]
Fewest cars produced in January since 2009 February 26, 2021 Last month saw the weakest January for car production since the financial crisis as a combination of the pandemic and global supply issues knocked the industry. Just 86,052 cars were built last month, down 27.3 per cent year on year, and the lowest number since 2009. It also marked the 17th straight month of declining [...]
Exclusive: UK finance leaders want buoyant investment as we enter post-Covid world February 26, 2021 UK finance leaders are gearing up for a year of eager investment as Covid recovery prospects boost economic positivity, according to a report by procurement consultancy Proxima. The survey found that a combination of political change and post-Covid visions are underpinning an overwhelmingly positive outlook. So, what will the future bring for the UK’s wounded [...]
EU vaccine passports will be ‘ready by summer’, leaders agree at summit February 26, 2021 EU vaccine passports will be 'ready by summer', leaders agree at summit
Puppy love: Pets at Home hikes profit forecast as Brits splash out on furry friends February 26, 2021 Pets at Home has scrubbed up its profit expectations for the full year after continued demand for its animal offerings helped boost trading. The reptile and rabbit retailer said it now expected pre-tax profit for 2020 to hit £85m — ahead of its previous guidance of £77m. This includes a £28.9m repayment of business rates [...]
British Airways owner IAG swings to €7bn loss as Covid-19 decimates travel industry February 26, 2021 British Airways owner IAG swings to €7bn loss as Covid-19 decimates travel industry
Norwegian Air posts £1.1bn loss as restructuring process goes on February 26, 2021 Beleaguered Norwegian Air today posted a loss of 12.8bn Norwegian crowns (£1.1bn) as the carrier continues its bid for survival through restructuring. The airline said that just 15 of its 131 aircraft were operating flights in the final quarter, mainly flying domestic routes within Norway. It carried just over 500,000 people during the period, down 92 per cent [...]
City Spirits: Japanese whiskymakers bid sayonara to imposters February 26, 2021 With a light now flickering at the end of our locked-down tunnel, thoughts have turned to travel – hardly surprising after being trapped in front of Netflix for what feels like centuries. Where to next? One movie in particular has begun to whet our appetite: the darkly comic Lost in Translation. From the sofa you [...]
Rightmove revenue falls by almost a third despite surge in visitor numbers February 26, 2021 Property giant Rightmove saw revenue fall by 29 per cent to £205.7m in 2020 as coronavirus restrictions battered the housing market. The firm felt the strain of providing a 75 per cent discount on invoice values to estate agents and new customers between April and July last year. Operating profit also dropped 37 per cent [...]
Gatwick crashes to £465.5m loss as passenger numbers collapse February 26, 2021 Gatwick Airport plunged to a £465.5m loss in 2020 as global air traffic and passenger numbers collapsed due to the Covid-19 pandemic. While the airport remained open throughout the pandemic, passenger numbers plunged 78 per cent as lockdowns and travel restrictions took their toll. Gatwick said all revenue streams were impacted and posted a loss [...]
