BA boss demands US go on travel green list as Hancock warns Brits off Spain holidays May 18, 2021 BA boss demands US go on travel green list as Hancock warns Brits not to holiday in Spain and France
Eurostar receives £250m refinancing package after months of waiting May 18, 2021 Eurostar today announced that it had received a £250m refinancing package from a group of banks in a bid to shore up its finances amid the Covid-19 pandemic. The firm said that the deal, which comprises £50m shareholder equity, £150m shareholder guaranteed loans and £50m restructured existing loan facilities, would be guaranteed by majority shareholder [...]
Used car firm Cazoo sees revenue surge fivefold May 18, 2021 Used car firm Cazoo today said that its revenue grew nearly fivefold in the first quarter as the online dealership continues its rapid expansion. The company, which was set up in 2018, said that revenue in the first period was £113.9m, compared with £19.6m last year. The increase is the result of the firm selling [...]
TfL granted 10 day funding extension as negotiations continue May 18, 2021 Transport for London (TfL) this morning announced that the government has extended its current funding deal for 10 more days while it continues to negotiations over a new package. The transport operator’s current deal, itself an extension of an earlier agreement, was due to expire today. But the network said the deal had been extended [...]
‘The Big Short’ investor reveals $534m bet against Tesla May 18, 2021 One of the hedge fund managers made famous by the Oscar-winning film The Big Short has taken out a sizeable short position against Tesla. In a regulatory filing yesterday, Michael Burry’s Scion Asset Management said it had bearish put options worth $534m against the electric car firm’s stock. Put options give investors the right to [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
Harley-Davidson shares drive up to three-year high on trade truce May 17, 2021 Shares in Harley-Davidson revved up to a three-year high today after the EU suspended an increase in retaliatory tariffs on its motorbikes as part of a trade truce with the US. The EU had threatened to double tariffs on Harley’s bikes, American-made whiskey and power boats to 50 per cent from next month in retaliation [...]
Evening Read: The Great Reopening is well under way May 17, 2021 As Reopening Day is slowly maturing, Monday the 17th of May will most likely go down in pandemic history as a day full of positive post-lockdown news, and very mixed weather. From today, people in England can meet outdoors in groups of up to 30, and indoors in groups of six, or two households, with [...]
Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss May 17, 2021 Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss
Easyjet hires headhunters to steer search for new chairman May 15, 2021 Easyjet has hired headhunters to begin the search for the successor to chairman John Barton, who will step down next year. Sky News reported that the budget carrier had hired Lygon Group to conduct the search. Barton, who will step down next May after a full nine year term as the airline’s carrier, has been [...]
