Motorists to pay the price of TfL’s £1.5bn funding crisis February 1, 2022 Motorists could pay the ultimate price of Transport for London’s (TfL) funding crisis, which is expected to reach £1.4bn by 2024-2025. According to documents shared today, TfL expects to receive up to £300m per year from a series of policies London mayor Sadiq Khan is deciding upon, including the extension of the ultra low emission [...]
British Airways extends Loganair partnership in domestic offer ramp-up February 1, 2022 British Airways’ (BA) passengers from today will have access to 38 of Loganair’s routes, following the companies’ decision to expand their codeshare agreement. Under the extended partnership, customers will be able to book onward connections from destinations across the Loganair’s network, including Derry to London and Liverpool or Exeter to Edinburgh, Glasgow and Newcastle. To [...]
Londoners crazy about e-scooters as TfL trial exceeds half a million trips February 1, 2022 The e-scooter trial launched by Transport for London alongside micromobility operators Lime, TIER and Dott has exceeded more than half a million trips. According to data, since the trial began in early June 180,000 people have made 585,000 trips, for a total of 300 trips per person. October was crowned the busiest month as people [...]
E-scooter firm Dott raises $70m in series B funding extension February 1, 2022 Micromobility firm Dott has raised $70m in an extension to its series B funding, after it was backed by Edinburgh-based investment firm Abrdn and Belgian holding Sofina. Following today’s cash injection, Dott’s total series B funding now stands at over $150m, in a mix of equity and asset-backed debt, including $85m that was announced last [...]
Electric vehicle market ‘still in its infancy’ despite outstanding growth February 1, 2022 The electric vehicle (EV) market, despite a tremendous growth registered in 2021, is ‘still in its infancy’, offering diverse opportunities to investors. According to investment banking firm UBS, suppliers of electric components as well as battery makers should benefit the most from the 115 per cent increase in EV sales that was registered las year. [...]
Face masks on flights are not going anywhere, experts warn February 1, 2022 Travellers will be wearing a mask aboard flights for the foreseeable future, as aviation experts believe it will be impossible for single carriers to remove the policy anytime soon. Aviation insiders believe UK airlines will look for “international consistency” before allowing a policy change, acting as one. “Until there is a harmonised lifting of mask [...]
FTSE 100 loses one of its biggest components as mining giant BHP bows out January 31, 2022 The FTSE 100 lost one of its biggest components on Monday as miner BHP was removed from the index, after deciding to unify its dual-listed structure into one entity in Sydney. The business’s size was only eclipsed by AstraZeneca and Shell among its peers in London. Its primary listing moved to Australia, ending a decades-long [...]
Jaguar Land Rover registers £9m loss as chip shortages extend well into 2022 January 31, 2022 Jaguar Land Rover has registered a £9m loss in the three months ended 31 January, as a result of ongoing chip shortages that are expected to extend throughout the year. According to the automotive giant, the situation has somewhat improved compared with the previous three months because of Covid easing in southeast Asia. Jaguar reported [...]
Moody’s withdraws GoAhead’s rating following results delay January 31, 2022 Moody’s has withdrawn Go Ahead Group’s rating following the firm’s announcement last week that its audited results would be delayed until the end of February. The credit rating company has also removed Go Ahead’s Ba1 corporate family rating and its Ba1-PD probability of default rating, after initially reviewing them for a downgrade. Moody’s cited the [...]
Ryanair urges Belarus to guarantee planes will never be diverted as it prepares for Ukraine ramp up January 31, 2022 Low-cost carrier Ryanair has urged Belarus to guarantee that it will never divert a plane again, after one its planes was forced to land in Minsk in May. “I think it is fundamental to the future of air travel that we do not have a repetition of what in my mind was the first case [...]
