Romanian flier Blue Air set for possible £500m London listing July 12, 2021 Romanian airline Blue Air will reportedly list on the London stock market in the autumn with a valuation that could be worth up to £500m. The low-cost carrier, which the Times said could make £250m from the float, is looking to mimic the success of Hungarian flier Wizz Air. At the moment, the airline has [...]
Virgin Galactic’s shares rocket as Branson completes first fully crewed space flight July 12, 2021 Virgin Galactic’s shares jumped this morning after it successfully completed its first fully crewed space flight yesterday, with billionaire founder Sir Richard Branson on board. While Branson didn’t make it to the moon, Virgin Galactic’s shares might. The New Mexico-based company’s stock jumped as much as 22 per cent premarket this morning. Virgin Galactic’s shares [...]
Heathrow passenger numbers remain on the floor as Europe recovers July 12, 2021 The number of passengers passing through Heathrow Airport remains down almost 90 per cent on pre-pandemic levels despite the recent easing of travel restrictions. Just 957,000 people used the airport in June, prompting executives to warn that it was lagging behind European rivals such as Charles de Gaulle. Over the last 12 months, passenger numbers [...]
Tees Valley mayor lines up £1bn bid for Britain’s largest freeport July 11, 2021 Tees Valley mayor Ben Houchen is said to be preparing a £1bn bid to take over Britain’s largest freeport in what could bring a major boost to the area. Canadian fund manager Brookfield has restarted the sale of PD Ports, which owns the huge Teesport gateway in North Yorkshire, after the process was halted due [...]
Richard Branson set for space flight aboard Virgin Galactic rocket July 11, 2021 Sir Richard Branson is today due to launch into space aboard a Virgin Galactic rocket plane as he kicks off the race to roll out space tourism. The British billionaire will be one of six people aboard the plane, which will climb more than 50 miles above the New Mexico desert to the edge of [...]
London taxi numbers shrink to lowest in 40 years July 10, 2021 The coronavirus pandemic has sent the number of London cabbies down to its lowest level in 40 years, new stats from the Department for Transport (DfT) have shown. Over the last year, there has been a 29 per cent fall in the number of black cabs operating on London’s roads. As of the start of [...]
Southern Water slapped with record £90m after dumping sewage illegally in Kent, Hampshire and Sussex July 9, 2021 Southern Water has been fined a record £90m after bosses admitted dumping sewage illegally thousands of times over a five-year period. The company pleaded guilty to 6,971 unpermitted sewage discharges – the equivalent to one pipe leaking continuously for seven years. Tonnes of sewage polluted rivers and coastal waters in Kent, Hampshire and Sussex between [...]
Branson and Bezos space race outruns insurers July 9, 2021 Billionaires Sir Richard Branson and Jeff Bezos are reportedly launching into space without insurance for injury or death. Brokers told the NYT’s Dealbook newsletter neither Branson or Bezos, or their respective companies Virgin Galactic and Blue Origin, have purchased liability insurance. This is most likely because there isn’t a fully functioning insurance system for casual [...]
Ryanair, BA, Easyjet and Stansted in court today suing over traffic light travel system July 9, 2021 Ryanair, BA, Easyjet and Stansted owner MAG are in court today suing over traffic light travel system
Semiconductor shortage drives car production off the road July 9, 2021 The impact of the ongoing shortage of semiconductor chips was laid bare this morning as the Office of National Statistics (ONS) said that car manufacturing fell over a quarter in May. The government agency said that vehicle production fell 26.9 per cent in the period, driving an overall fall in manufacturing output of 0.1 per [...]
