Italy seeking exemption from 2035 combustion engine ban for supercar makers September 6, 2021 The Italian government is in talks with the European Union over finding a way to exempt supercar makers like Ferrari and Lamborghini from the upcoming ban on the internal combustion engine. In July the bloc unveiled plans which would see traditional diesel and petrol engines phased out by 2035. But yesterday an Italian minister told [...]
New car sales down a fifth in August as supply chain struggles bite September 6, 2021 New car sales fell over a fifth last month in the weakest August for sales since 2013, new data from the Society for Motor Manufacturers and Traders (SMMT) showed today. Just 68,033 models were registered last month in what is traditionally one of the slowest periods for sales. However, sales were down 7.6 per cent [...]
JCB heir Jo Bamford joins forces with City insider Max Gottschalk to launch £1bn hydrogen investment fund September 6, 2021 The heir to the JCB excavators empire, Wright Bus chairman Jo Bamford, confirmed to City PM this morning that he has joined forces with multi-family office Vedra Partners to launch HyCap, a new hydrogen investment fund which has set its sights on raising £1bn. The capital, which currently stands at just over £200m after the [...]
Taking off: New routes on way for City Airport as passenger numbers rebound September 6, 2021 Both British Airways and Deutsche Lufthansa have reportedly restored their flights to key financial hubs from London City Airport, as bosses eye the return of business travel. Zurich, Frankfurt and Rotterdam flights will start taking off again this month, Bloomberg reported, according to the airports chief operating officer Alison FitzGerald. “We’re seeing some early signs of [...]
Norwegian passenger numbers rebound as it unveils new Autumn routes September 6, 2021 Budget carrier Norwegian has enjoyed a lift to passenger numbers in recent weeks, as demand for the beleaguered travel industry rebounded in the summer months. Some 790,000 passengers flew with Norwegian in August, around one and a half times more than in the same month last year. The airline added that the number of future [...]
The new carriers looking to shake up transatlantic air travel September 4, 2021 After nearly 15 months of closed borders and grounded planes travellers have flocked back to airlines, desperate for a taste of pre-pandemic life. But though short-haul flying has bounced back relatively fast, the long-haul market remains a shadow of its former self. For no market segment is this more true than the transatlantic market, one [...]
Housebuilder Vistry ties bosses pay to carbon cutting efforts September 3, 2021 Housebuilder Vistry has confirmed it will link its executives pay to sustainability targets from next year onwards, amid the UK’s push for net zero. The new practice appears a tangible effort to make the carbon-heavy construction and housebuilding sector more sustainable, ahead of the UN’s flagship climate conference COP26 in November. While bosses have been [...]
UK brisk for truck driving schools as acute shortage bites more and more September 3, 2021 Business is brisk for truck driving schools as the UK emerges from its Covid-19 crisis, with the country facing an acute shortage of lorry drivers. Watch the full report.
New Northern Line stations to open on 20 September September 3, 2021 Transport for London (TfL) has today announced that the £1.2bn Northern Line Tube extension will open on 20 September. The first major underground upgrade to be completed this century will see two new stations open at Battersea Power Station and Nine Elms. At first there will be a peak time service of six trains per [...]
Ryanair accused of ‘grabbing wages’ as pilots face ‘huge’ pay cuts September 3, 2021 Pilots’ union BALPA has today accused Ryanair of forcing its members to take “huge” pay cuts over the winter period despite recent claims about the speed of airline’s recovery. According to the union, pilots at East Midlands International airport have been asked to take a 70 per cent pay cut over the coming months. Along [...]
