Easyjet says it has defeated Stelios in crunch board vote May 22, 2020 Easyjet today said that its founder Sir Stelios Haji-Ioannou has failed in his bid to oust key management including the chief executive, according to the initial result of a shareholder vote. Haji-Ioannou launched the attempt to remove the management team after a row over Easyjet’s continuation of a deal to buy 107 Airbus planes for [...]
Nissan weighing 20,000 job cuts as car sales struggle May 22, 2020 Japanese car company Nissan is reportedly considering cutting 20,000 jobs with a focus on Europe and developing countries as car sales plunge following coronavirus crisis. The potential cuts come as Nissan prepares to announce its updated mid-term strategy next week. Profits at Nissan have been struggling for the last three years and the coronavirus has [...]
Khan and Bailey clash over congestion charge hike May 21, 2020 A row has erupted between Sadiq Khan and one of his challengers to be the next Mayor of London over the conditions of the government’s bailout of struggling Transport for London. Yesterday, the Mayor said that the government had forced him to reinstate and expand the congestion charge as a condition of the £1.6bn rescue [...]
Easyjet to restart flights from 15 June, passengers to wear face masks May 21, 2020 Easyjet today committed to restarting some domestic flights from 15 June, with all passengers and crew required to wear face masks. The budget airline will resume a “small number” of flights mainly on domestic routes in the UK and France where “there is sufficient customer demand to support profitable flying”. Easyjet said it plans to [...]
US arrests two men over escape of former Nissan boss Carlos Ghosn May 20, 2020 US authorities today arrested two men wanted by Japan on charges of aiding the escape of former Nissan boss Carlos Ghosn from the country. Prosecutors have accused former US special forces soldier Michael Taylor and his son Peter of helping Ghosn flee to Lebanon last year to avoid trial in Japan over alleged financial misconduct. [...]
Severn Trent ups dividend but warns of coronavirus impact May 20, 2020 Severn Trent today said it would pay a final dividend but warned the coronavirus pandemic was likely to lead to unpaid bills and a decline in sales to businesses over the next year. Severn Trent proposed a final dividend of 60p, up from 56p last year. The water company booked a bad debt charge of [...]
Lufthansa says hundreds of planes will remain grounded until 2023 May 19, 2020 German state airline Lufthansa has said that hundreds of its aircraft will remain grounded until 2023 due to the prolonged impact of coronavirus on global aviation. In a letter to staff seen by Reuters, the flag carrier said that next year would see 300 of its 763 planes grounded, with the number falling to 200 [...]
Hackers steal 9m Easyjet customers’ data in cyber attack May 19, 2020 Low-cost airline Easyjet said this morning that hackers had obtained the email and travel details of 9m customers, and the credit card details of a further 2,000. In a statement, the firm said: “There is no evidence that any personal information of any nature has been misused. “However, we are communicating with the approximately 9m [...]
Luggage brand Antler collapses into administration May 19, 2020 Luggage brand Antler has become the latest victim of the coronavirus crisis, collapsing into administration today due to the collapse in international travel. Big four auditor KPMG has been appointed as the administrator for the brand, which is over a century old. Administrators have already made 164 of the firm’s 199 staff redundant, KPMG said [...]
Downing Street confirms ‘air bridges’ quarantine exemption is under review May 19, 2020 Downing Street has confirmed the government is considering “air bridges” between the UK and other countries to allow Britons to travel to some locations without quarantine. Transport secretary Grant Shapps floated the idea in the House of Commons yesterday, suggesting deals could be struck with some countries to exempt travellers from quarantining on arrival or [...]
