Gatwick Airport grounds flights and shuts runway amid drone reports May 14, 2023 Incoming flights were suspended at Gatwick Airport for nearly an hour after reports of a drone near the airfield. It said 12 incoming flights had to be diverted to other airports because of the alert on Sunday. The airport previously cancelled or diverted around 1,000 flights between December 19-21 2018 because of drone reports. No [...]
Wagamama owner TRG under new pressure from investors ahead of AGM May 14, 2023 The Restaurant Group has come under renewed pressure from investors as Coltrane Asset Management called for change at the company after building a 3 per cent stake in the firm. The New-york based activist investor told The Sunday Times that it backed proposals by another investor, Oasis Management, for the group to sell off its [...]
Keir Starmer to ‘look at’ voting rights for EU citizens and 16-17 year olds May 14, 2023 Labour leader Sir Keir Starmer will “look at” expanding the franchise to EU citizens living in the UK and lowering the voting age to 16, a party frontbencher has confirmed. Shadow business secretary Jonathan Reynolds has said the proposals are “something we will look at”, amid reports over Labour being keen to bring in the [...]
Easyjet hopes for further profit boost as summer holiday bookings lift sector May 14, 2023 Easyjet is anticipating higher profit when it reports its half year results on Thursday, as the airline looks to benefit from the return of summer holiday bookings and higher ticket prices. The low cost carrier said that it expects to exceed full year profit expectations of £260m, with half year losses forecast to shrink to [...]
AI will have ‘bigger economic impact’ than Industrial Revolution, expert predicts May 14, 2023 Emerging AI technologies will have a bigger impact on the global economy than the Industrial Revolution, a leading expert has predicted. Emad Mostaque, the founder of Stability AI, the maker of a free AI-image generating tool Stable Diffusion, has suggested artificial intelligence (AI) will be bigger than Google and Facebook within a decade. Speaking on [...]
Vodafone’s new chief under pressure to shine as analysts predict weak annual results May 14, 2023 Vodafone’s new chief Margherita Della Valle will be looking to lay out a convincing vision for the firm on Tuesday as she updates the City with its full year results for the first time in the top job. Della Valle, the former finance chief of Vodafone, has been tasked with breathing life into the FTSE [...]
Ferrari won’t phase out combustion engines despite EV push May 14, 2023 Ferrari has said that it plans to keep building normal car engines despite regulatory pressure to boost electric car production, arguing it was up to customers to choose whether they buy electric or not. The Italian car manufacturer plans to keep building internal combustion engines (ICEs) well into the 2030s, while also scaling up its [...]
Imperial Brands: Investors brace to see if cigarette titan can light up vaping future May 14, 2023 Imperial Brands will be looking to convince investors its vaping and so-called ‘next generation products’ can light up profits in the long-term as it updates the City with its first half results on Tuesday.
Can BRICS build something with Bitcoin? May 14, 2023 Susie Violet Ward asks if BRICS nations will rise to the challenge and launch a revolutionary digi-dollar backed by Bitcoin?
National Grid needs ‘tens of billions’ to hit net zero goals, boss warns May 14, 2023 UK's electricity network needs tens of billions of pounds of investment to hit net zero goals, says National Grid boss John Pettigrew
