Brexit impact: Heathrow loses legal bid over end of tax-free shopping for tourists May 21, 2021 Heathrow Airport has lost a High Court bid to challenge the scrapping of tax-free shopping for tourists. Two schemes providing VAT-free shopping for some international visitors were withdrawn by the Treasury at the end of the Brexit transition period on 1 January of this year. The Treasury and HMRC’s decision related to the VAT Retail [...]
Audi to idle 10,000 workers as chip shortage continues – report May 21, 2021 German carmaker Audi will idle 10,000 staff for the second time in a matter of months due to the ongoing semi-conductor shortage. Workers at the firm’s factories in Ingolstadt and Neckarsulm will see their hours shorten as production is slowed at the sites, German newspaper Handelsblatt reported. The slowdown will come into effect next week. [...]
EU will allow UK tourists with vaccine as Johnson says no holidays to Spain or France May 21, 2021 EU will allow UK tourists with vaccine as Johnson says no holidays to amber list countries Spain and France
Used car dealer Cinch raises £1bn to speed up European growth May 21, 2021 Used car dealer Cinch this morning confirmed that it had raised £1bn from a group of blue-chip investors to fund the online platform’s expansion. Investors included a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), GIC, Neuberger Berman client funds and funds advised by Soros Fund Management. Sky first reported the raise, which [...]
Biffa wastes no time in snapping up Viridor assets for £126m May 21, 2021 Biffa this morning said it would buy fellow waste management firm Viridor’s collections business, as well as some recycling assets, for £126m. By buying a nationwide UK collections and recycling portfolio, the FTSE 250 firm said it was cementing its market leading position. The acquisition is yet another move by the bin firm to consolidate [...]
Rail reforms: the Fat Controller, new fares, and a ‘farewell’ to franchising May 20, 2021 After years of anticipation, and not a few false starts, the government today announced its much-lauded plan to reform the UK’s railways. Complete with pledges to “fix the broken system” and deliver a better service “for the passenger”, the white paper presents a vision of the country’s rail network that is a clear break from [...]
New York-London travel bubble vital for JetBlue: Its CEO is certain US will get on UK green list May 20, 2021 New York-London travel bubble vital for JetBlue: Its CEO is certain US will get on UK green list
Trainline shares tumble a third as government announces new ticket platform May 20, 2021 Shares in train ticketing app Trainline fell nearly a third this morning after the government unveiled plans for a new ticketing platform as part of sweeping rail reforms. By the early afternoon shares in the FTSE 250 firm had recovered slightly, but were still down 21.6 per cent at 335.25p. The move from the government [...]
Flexible season tickets on sale from 21 June under new rail plan May 20, 2021 Flexible season tickets will go on sale from 21 June as part of newly announced reforms that represent the most comprehensive overhaul of the UK’s railways in decades. The long-awaited Williams-Shapps review, which was first mooted nearly four years ago, has finally been published by the Department for Transport (DfT). The paper proposes a number [...]
Add Europe to ‘green list’, Easyjet begs, as airline books £700m loss May 20, 2021 No respite for Easyjet as airline dives to £701m loss as it pins hopes on UK green list growing
