UK business given £12.3bn export support from government June 23, 2021 The government’s export credit agency has announced it gave a “record level” of financial support to UK exporters in the last year. UK Export Finance (UKEF) provided £12.3bn of support to UK exporters in the last financial year, almost three times the amount given in 2019-20, according to its annual results published today. The agency, [...]
UK holidaymakers scrambling for flights home face exorbitant prices to beat quarantine deadline June 4, 2021 British tourists and holidaymakers scrambling for flights home from Portugal before new quarantine requirements come into force are being charged hundreds of pounds. People arriving in the UK from Portugal after 4am on Tuesday will need to self-isolate at home for 10 days after the Government moved it from the green list to the amber [...]
Heathrow calls for green list expansion as passenger numbers sink by 92 per cent May 11, 2021 Heathrow Airport has called for an expansion to the travel green list in the next government review in three weeks’ time, including the United States, to boost trade and reunite friends and family. The number of passengers passing through Heathrow Airport was down by 92.1 per cent in April, compared to pre-pandemic figures. After the [...]
FTSE 100 lifts as supermarkets drive rally July 5, 2021 London’s FTSE 100 rose on Monday afternoon, driven by a rally in supermarket shares. The capital’s premier index added 0.56 per cent to reach 7,163 in the afternoon session, paring back this morning’s losses. The gains were partly caused by shares in supermarkets rising in afternoon trading after Apollo Global Management announced it was considering [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
Airlines agree to screen JFK-bound passengers from Britain for coronavirus December 21, 2020 By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK (Reuters) -British Airways, Delta Air Lines and Virgin Atlantic said on Monday they will allow only passengers who test negative for the coronavirus to fly to New York’s John F. Kennedy International Airport. The decisions follow a request from New York Governor Andrew Cuomo that [...]
US markets shake off Delta variant jitters as investors seek to end volatile week on a high August 20, 2021 Wall Street shook off concerns that the rapidly spreading Delta variant of Covid could halt the global economic recovery from the crisis to end the week on a high. The blue-chip S&P 500 jumped 0.69 per cent to 4,436.26 points during early trading, while the Dow Jones added 0.5 per cent to 35,06776 points. The [...]
Facebook down again: How persistent is the problem and which sites crash the most? October 9, 2021 Facebook and Instagram were down again for millions of users across the UK last night. The platforms apologised on Twitter for the outage, doing so for the second time this week after another, prolonged down time on Monday. Websites go down all the time from more serious issues like cyber attacks to problems in-house, with [...]
Booking.com CEO: Business travel will never recover to pre-Covid levels May 13, 2021 The lucrative business travel market, which sees suited and booted executives fly between London, New York, Frankfurt and beyond and bolsters bottom lines at airlines and hotels globally, will never fully recover from Covid.
Eurostar secures lender support as it eyes government bailout April 18, 2021 Eurostar is said to have signed a deal with its lenders to refinance hundreds of millions of pounds of debt as it looks to secure financial support from the UK government. A group of banks, including Natwest, have agreed to refinance £400m of loans that were due to be repaid this summer, the Daily Telegraph [...]