Watch LIVE: Planes make most treacherous landings at Heathrow as Storm Eunice batters UK February 18, 2022 Thousands of Brits are currently glued to a live stream of dozens of planes making the most treacherous landings at Heathrow airport. Big Jet TV has its biggest ever live audience as people watch Jerry Dyer’s commentary on planes landing during high winds. Storm Eunice is currently battering the UK, with disruptions across the entire [...]
Transport network faces severe disruption as Storm Eunice hits London February 18, 2022 From the early hours of this morning Storm Eunice has hit the UK, bringing with it winds of up to 100mph and causing disruption all over the country. Following yesterday’s warning, the Met Office raised another red alert today, adding the South East and London. “These are rare, we only issue them when there is [...]
Pod Point’s profit skyrockets as EV market soars February 18, 2022 Electric vehicle (EV) charging firm Pod Point has reported skyrocketing profits as a result of strong consumer demand. In the year ended 31 December, the company registered an 86 per cent increase in year-on-year revenue, going up to £61.4m, while gross profit surged 99 per cent. Gross margins went up two per cent, while home [...]
TfL bosses say Tube staff pay rise will worsen financial crisis February 18, 2022 Transport for London (TfL) bosses have warned that the body’s financial situation will worsen following the eight per cent pay rise awarded to 16,500 Tube staff. The deal, which sees employees being entitled to the RPI rate of inflation plus 0.2 per cent, will cost TfL an additional £100m and lead to further cuts to [...]
Mining giant Vale accused of knowing ‘something wrong’ in Guinea iron ore deal February 18, 2022 BRAZILIAN mining giant Vale withdrew a $1.85bn High Court claim against billionaire Beny Steinmetz over an iron ore venture in Guinea just days before Steinmetz’s lawyers were due to present evidence which alleges that the Vale board knew there was “something dodgy” in a deal to procure mining licences in the country, City PM understands. [...]
Baby you can’t drive my car: 6.7m motorists at risk of driving uninsured February 18, 2022 Around 6.7 million UK motorists are currently at risk of driving uninsured, according to a new research from automotive insurance Direct Line. Only 38 per cent of the 14 million people who have driven someone else’s car in the last year checked they were insured to do so, while 32 per cent said they were [...]
Sadiq Khan “hopeful, but not confident” about TfL deal as funding expires tomorrow February 17, 2022 London mayor Sadiq Khan said today he is “hopeful, but not confident” of securing a long-term deal for Transport for London (TfL) as government funds are set to expire tomorrow. “It’s really important for the government to realise, these sticking plasters in the short, medium and long term cost us more,” the Evening Standard reported [...]
Shell becomes Singapore’s first supplier of sustainable aviation fuel February 17, 2022 Shell has become Singapore’s first supplier of sustainable aviation fuel (SAF), the company announced today during the Singapore Airshow. “We have delivered some (SAF) to our customers SIA Engineering Company and the Republic of Singapore Air Force,” said Shell’s head of aviation Asia Pacific and Middle East Doris Tan. While the first batch of SAF was blended [...]
Menzies shares rocket after NAS buys stake February 17, 2022 Shares of aviation services firm Menzies soared today 23.94 per cent after the company’s Kuwaiti suitor NAS acquired a stake in the Edinburgh-based company. NAS’s parent company Agility said today in a statement it has entered into contracts to purchase 13.2 per cent of Menzies’ total share capital at 605p per share, becoming the majority [...]
Air France-KLM shares tank following €4bn repayment promise February 17, 2022 Shares of aviation colossus Air France-KLM have tanked 7.94 per cent after the group said today it would repay €4bn of pandemic state aid. The announcement overshadowed the positive results obtained in the fourth quarter because of the easing of restrictions, including a 3.7 per cent increase in the company’s core profit and a €4.8bn [...]
