Airlines call on government to reopen travel despite possible restrictions December 20, 2021 The aviation industry has called on the UK Government to either reopen travel or “come to the table with economic support.” Airlines UK, the trade body that represents British carriers, has lambasted the government for its lack to support, saying “offering more debt to a sector that has already borrowed billions of pounds is not [...]
Qatar takes 10 per cent stake in Rolls-Royce green nuclear business December 20, 2021 Qatar’s sovereign wealth fund the Qatar Investment Authority (QIA) is reportedly investing £85m in a low-carbon nuclear plant developed by Rolls-Royce and backed by the UK Government. The QIA will own a 10 per cent stake while Rolls-Royce will be left with 70 per cent ownership after investing £195m in the project. Other stakeholders will [...]
Travel shares tank as lockdown concerns mount December 20, 2021 Shares of airlines such as British Airways’ (BA) owner IAG as well as Easyjet have tanked today as concerns over a possible strengthening of restrictions – including a potential Christmas lockdown – mount. IAG went down 3.35 per cent to 127.62p, while Easyjet registered a 2.11 per cent decline to 497.70p. According to Francesco Ragni, [...]
Train services from south Wales return to London December 20, 2021 An additional 18 train services connecting south Wales and London have returned this morning after being cut because of the pandemic. According to Jess Morden, Labour MP for Newport East, the return of services connecting Wales with the capital was “really important.” “We’re seeing more people now using the trains again and it’s really important [...]
Ryanair stops trading on LSE over post-Brexit regulations December 20, 2021 Ryanair announced that it has stopped trading on the LSE’s main market from 8am this morning, while maintaining a primary listing on Dublin’s Euronext. With an £18.4bn value, Ryanair was one of the biggest airlines listed in London. The decision pushed down the low-cost carrier’s shares on the Irish market to €13.85, 4.25 per cent [...]
British Lamborghinis supplier to debut on AIM with £75m listing December 20, 2021 CT Automotive will debut on London’s junior stock market with a market capitalisation of around £75m this week, after raising £33.6m in an initial public offering (IPO). The company supplies parts for the interiors of cars, such as cup holders, air vents and dashboard panels. Nissan, luxury brands including Bentley and Lamborghini and electric car [...]
TfL funding crisis: UK Government agrees last-minute cash deal to keep Tube running until February December 17, 2021 Transport for London (TfL) tonight announced it had reached another short-term stop-gap funding deal with central government to fund the capital’s transport network until early February. Andy Byford, London’s transport commissioner, said: “The Government has today confirmed an extension of its funding support for TfL through until 4 February, for which we are grateful. The Mayor [...]
Pandemic-induced private jet boom offsets Air Partner’s travel challenges December 17, 2021 Air Partner expects its profit before tax to be “materially” ahead of market expectations this year, despite ongoing pandemic restrictions battering the travel industry. Shares lifted 4.2 per cent to 85.5p per share by close of play The aviation services group has been buoyed by the “exceptional” demand in freight, in the year to 31 [...]
Westminster group snags contract to bolster airport security in Africa December 17, 2021 The Westminster group has won a new contract to upgrade the security systems in two Southeast African airports after a lengthy bidding process. The contract, valued at $1.7m and funded by the European Investment Bank, will see the London-listed group supply the airports with new x-ray screening and metal detection equipment, as well as new [...]
Queues at ports and Eurostar as France travel restrictions loom December 17, 2021 Travellers waiting at UK ports for Channel ferries are reporting hour-long queues to board, while Eurostar is advising ticketless customers to steer clear of London St Pancras following the French Government’s decision to effectively close its borders to UK travellers from tonight at 11pm (GMT). UK operator P&O Ferries told the BBC that the average [...]
