London private jet airports Farnborough and Biggin Hill saw double-digit growth in 2018 February 4, 2019 London's Farnborough and Biggin Hill airports saw double-digit growth in 2018, despite uncertainty around Brexit and aviation. Along with Luton, London's top three airports generated 73,000 private jet movements last year, compared with the 54,000 movements recorded in Paris Le Bourget, Europe's busiest airport for private jets. Last year was the busiest year for Farnborough airport, famed for [...]
Nissan cuts profit forecast and books £65m charge on Carlos Ghosn compensation February 12, 2019 Nissan slashed its full-year profit forecast amid falling sales today as it also took a hit related to compensation for its former chairman, Carlos Ghosn, who is awaiting trial on financial misconduct charges. The Japanese car manufacturer revised its full-year profit forecast from ¥540bn down to ¥450bn (£3.2bn). Read more: No, Nissan’s move is not proof that [...]
England show all the strings to their bow as they open the World Cup with dominant win over South Africa May 30, 2019 They waited a long time for the tournament to start, but when it finally did England did not disappoint. The hosts may not have produced their trademark – the gigantic total compiled through aggressive, explosive batting – yet, in a way, this was better. As the world’s best one-day international side for some time, we [...]
UK Space Agency joins hunt for Earth-like planets orbiting alien stars March 8, 2019 The UK Space Agency is set to provide £7m to tackle solar winds' impact on Earth communications, as it works with other space agencies to search for more Earth-like planets orbiting alien stars. The space weather mission, called the Solar Wind Magnetosphere Ionosphere Link Explorer (Smile), will study how solar wind affects the Earth's magnetosphere [...]
Welcome to the future: EE 5G lands in London and five other UK cities May 30, 2019 EE’s 5G network went live in six cities today, bringing the new technology to the UK for the first time. Read more: EE and Vodafone ditch Huawei devices from summer 5G rollout London, Birmingham, Manchester, Cardiff and Belfast are the first locations to benefit from the new mobile network, which will offer users data speeds [...]
Tesla to break ground on Shanghai Gigafactory today, says Elon Musk January 7, 2019 Tesla shares rose at least four per cent today on the news that the company planned to break ground at its Shanghai Gigafactory and drive forward plans to build Model 3 electric vehicles in China by the end of the year. Initial construction of the $2bn (£1.57bn) factory will be completed this summer, Tesla chief executive Elon Musk [...]
Richard Branson’s Virgin Galactic tourist spaceship successfully touches the edge of the world in today’s test flight December 13, 2018 Rocket man and Virgin billionaire Richard Branson's commercial space programme successfully reached the edge of the world's atmosphere for the first time in its fourth test flight across the US today. The Virgin Galactic Spaceship Two rocket, which was carried up to a height of above 12,000 metres by a specially-designed plane before igniting its motors, reached [...]
Elon Musk’s SpaceX successfully launches Falcon 9 Block-5 rocket from Florida’s Cape Canaveral May 12, 2018 Elon Musk’s fledgling aerospace company SpaceX has bounced back from its failure to launch this week, successfully launching its Falcon 9 rocket from Florida’s Cape Canaveral yesterday. The Falcon 9, which is designed to eventually send NASA astronauts into space, was due to launch the day before, but an auto-abort was triggered one minute before [...]
SpaceX’s value on course to rocket to $24bn as fundraising targets $500m | City A.M. April 12, 2018 Elon Musk’s SpaceX is plotting a new round of funding which could see its value skyrocket to almost $24bn (£16.9bn). The company hopes to raise $507m in a move that would make it the third highest-valued private company in the US. Filings obtained by private analytics firm Lagniappe Labs showed that the company had authorised [...]
Peppa Pig goes big at Christmas, boosting Character Group figures January 18, 2019 Peppa Pig is having a good day in the City as toymaker the Character Group reported positive momentum from the second half of last year has carried into 2019. The AIM-listed group – which owns rights to several popular brands, including Pokemon, Little Live Pets and Laser X – weathered a storm on the high [...]