TfL tells City commuters ‘find another way’ as Northern line branch set to close November 5, 2021 City commuters face months of travel disruption as key London Underground stations are set to be closed next year. Planned works at Bank and Monument stations mean that the Northern line (Bank branch) will be closed from January 15 to mid-May 2022. There will be no Northern line trains at Bank, London Bridge, Borough, and [...]
British Airways shares in descent as it predicts 2021 Covid loss of €3bn November 5, 2021 The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) loss for the first nine months of 2021. However investors dumped IAG shares this morning after it indicated full year losses would still hit €3bn as passenger capacity has been slow to recover. Its lucrative UK-US travel corridor is due to finally [...]
Wizz Air on track to pre-pandemic levels as passenger numbers grow November 4, 2021 Low-cost carrier Wizz Air is on track to get back to pre-pandemic levels, as passenger numbers continue to grow after the easing of air travel restrictions. In the second quarter of FY22, the Budapest-based company registered a 92.7 per cent increase in passenger numbers, which resulted in revenue going up from €471.2m to €880.4m this [...]
Night Overground services to return in December November 3, 2021 Night Overground services will be restored on weekends from 17 December, a week before Christmas. Transport for London (TfL) announced today that night services will run between Highbury & Islington and New Cross Gate, passing through areas such as Hoxton and Shoreditch, which are an integral part of London’s night life. “The return of the [...]
Trainline delivers strong recovery as passenger numbers go up November 3, 2021 Rail and coach technology platform Trainline has recovered strongly in the first six months of FY22, with revenue going up 151 per cent to £78m. The group’s net ticket sales have grown 179 per cent to £1bn, recovering 79 per cent of pre-pandemic times, the highest level since Covid-19 began. Trainline performed well also in [...]
The next memestock? Avis shares rocket 218 per cent in a single day November 2, 2021 Shares in car rental giant Avis are surging this afternoon after positive earnings data, leading some to compare the jump to those of memestocks Gamestop and AMC. Its stock price is currently trading up 81.5 per cent to $316, after paring some early gains. Avis shares were rallying as much as 218 per cent immediately [...]
Shipping delays will continue into next year, Maersk warns November 2, 2021 The supply chain crisis will extend into next year, Maersk has warned today while the the world’s largest container shipping group sees profits rise. A shortfall in the number of truck drivers, particularly in Britain and the US, has stopped hundreds of container vessels from being able to deliver goods around the world, the group [...]
Tesla recalls almost 12,000 vehicles due to software error November 2, 2021 Tesla has recalled 11,704 vehicles sold since 2017 in the US because of a software error that could lead to collision, Reuters reported. The company’s recall included models S, X, 3 and Y and was caused by a software update that took place on 23 October on vehicles in the limited early access Full-Serving Driving [...]
Diesel prices set spooky new record on Halloween November 1, 2021 Diesel prices across the UK have hit 147.94p on Halloween, setting a scary new record after surpassing April 2012’s record of 147.93p. Data from British automotive service company RAC have revealed that prices for a litre of diesel have gone up 30p in a year, with costs for a full tank hiking from £65 to [...]
British Airways agrees to £1bn committed credit facility November 1, 2021 British Airways (BA) has agreed to a five-year committed credit facility worth £1bn. The agreement – which was announced by British Airways’ owner IAG – was reached between BA, British export credit agency UK Export Finance (UKEF) and a syndicate of banks. The amount is additional to a UKEF guaranteed facility worth £2bn that was [...]
