High demand, low supply: The semiconductor players that dominate the hyperactive microchip space June 14, 2021 Semiconductors power much of the world’s technology, making it possible for families and friends to talk face-to-face from across the ocean or for Wall Street to move billions of pounds in the blink of an eye. And with more applications being produced worldwide, demand for semiconductor devices only continues to grow. The popularity of such [...]
Stobart Air owner pulled plug after takeover deal collapse June 14, 2021 The company behind Stobart Air, which operates Aer Lingus services, has said it decided to pull the plug on the struggling airline after a potential takeover deal fell through. London-listed Esken, formerly known as Stobart Group, said it became clear that suitor Ettyl had lost its funding and would be unable to conclude a deal. [...]
Long Ghosn: Two Americans plead guilty to helping former Nissan boss flee Japan June 14, 2021 An American father and son have pleaded guilty to helping former Nissan chairman Carlos Ghosn flee Japan by hiding him in a box on a private jet in 2019. US Army Special Forces veteran Michael Taylor and his son Peter replied no when a Tokyo judge asked them if there was anything wrong with the [...]
Aer Lingus passengers stranded after Stobart Air collapse June 13, 2021 Passengers have been left stranded and hundreds of jobs are at risk following the collapse of one of Britain’s largest regional airlines. Government officials have been forced to scramble contingency plans after Stobart Air, which operates services for Aer Lingus, British Airways and KLM, stopped trading and called in liquidators. Almost 500 jobs are thought [...]
August shutdown for swathes of Circle and District lines June 11, 2021 Large stretches of the Circle and District underground lines will be closed for nine days in August due to engineering work, Transport for London (TfL) warned today. From 4-12 August, here will be no service between Edgware Road and Aldgate via Victoria on the Circle line and from Earl’s Court to Aldgate East on the District line. In addition, over the [...]
Rolls-Royce and Virgin Atlantic back air taxi firm Vertical Aerospace June 11, 2021 Rolls-Royce and Virgin Atlantic are among firms to have bet on electric flying taxi firm Vertical Aerospace, which announced it would go public in the US in a SPAC deal last night. The British firm, which has already secured $4bn (£2.8bn) worth of pre-orders for 1,000 of its aircraft with firms such as Avolon and [...]
Heathrow passenger numbers keep dwindling as CEO urges G7 for safe travel June 11, 2021 After 15 months of restrictions, Heathrow’s passenger numbers in the UK and across the world have continued to collapse below pre-pandemic levels, with a loss of over 6m passengers in the month, the airport said this morning. From June 2020 to May 2021, there was a 79.3 per cent plunge in terminal passenger numbers in [...]
Thousands of BA staff go back on furlough June 10, 2021 Thousands of British Airways (BA) staff are being put back onto the furlough scheme as the wait for a meaningful return of international travel continues. With 17 May as the date the government had set for the restart of travel, the carrier had begun to bring back workers in preparation for the summer season. But [...]
Croydon tram crash: Safety issues highlighted eight years before fatal accident June 10, 2021 The former chief engineer of the Croydon tram network highlighted safety issues with the Sandilands tunnel almost a decade before a fatal crash killed seven people, an inquest into the deaths has heard. Jim Snowdon told the jury that he had written a paper in 2008 warning there was a risk of accident on the [...]
Mitie forecasts better year as customers start to spend again June 10, 2021 Mitie has forecast a better-than-expected financial year as clients start to resume spending as lockdown restrictions ease. The FTSE-listed outsourcer was hit hard by the pandemic as customers like Rolls Royce and Heathrow slashed costs. “As businesses slowly start to reopen and our customers’ employees return to offices, we are starting to see some green [...]
