African miner hires former BHP and British Airways board member ahead of float October 16, 2018 South African phospate miner Kropz will go public by the end of the month and has appointed former BHP board member and JP Morgan exec Lord Renwick as chairman. Kropz announced yesterday it would list on the London Stock Exchange's Alternative Investment Market (AIM) by the end of October. The plant nutrient producer hoped its IPO [...]
Oil giants slump as Trump EU travel ban makes COVID-19 and price war effect worse March 12, 2020 Oil company shares have sunk today after the Brent crude price sunk below $34 a barrel, as the market absorbs news of President Trump’s travel ban. Shares in BP have fallen 11.18 per cent to 280p and those of Shell are also down 11.15 per cent at 1,165p. Tullow oil and TransGlobe Energy released results [...]
Travel bosses fume as Portugal axed and no new countries added to UK’s travel ‘green list’ June 3, 2021 Travel bosses fume as Portugal axed and no new countries added to UK's travel 'green list'
Greece extends ban on flights from UK June 29, 2020 The Greek government has extended a ban on direct flights from Britain until 15 July, amid fears the rate of infection in the UK could spring up as lockdown measures are lifted. Brits had strong hopes that summer holidays to Greece would be given the green light this week, as so-called air bridges with European [...]
Quarantine rules set to be relaxed for some countries from July June 26, 2020 Environment secretary George Eustice has confirmed the UK is considering relaxing its blanket quarantine measures to allow travel from countries with a lower risk of contracting coronavirus. Ministers are currently finalising the plans, with an announcement on the matter expected on Monday. Speaking to the BBC, Eustice said: “I know that (transport secretary) Grant Shapps [...]
Global aviation to lose $30bn as a result of coronavirus outbreak February 20, 2020 Global aviation body the International Air Transport Association (IATA) has today said that the coronavirus outbreak will cost the world’s airlines a combined $29.3bn in revenue, a reduction of five per cent on December’s estimates. The vast majority of the cost – $27.8bn – will be borne by carriers based in the Asia-Pacific, with Chinese [...]
Easyjet raises £419m through share placing to bolster finances June 25, 2020 Low-cost carrier Easyjet today announced that it had raised £419m through a share placing in order to help it withstand the coronavirus pandemic. In total, the budget airline placed 59.5m ordinary new shares – 15 per cent of the firm’s existing share capital – at a price of 703p per share. The placing price represents [...]
FTSE 100 and US stocks climb as investor fears ease October 16, 2020 The FTSE 100 rebounded as investors returned to risk assets, having dumped them yesterday amid worries over new coronavirus restrictions, while US stocks rose on vaccine hopes and upbeat retail sales data. London’s main stock index climbed 1.7 per cent in afternoon trading to stand at 5,929 points. That followed a 1.7 per cent tumble [...]
Tui pushes back holiday restart plans to 10 July due to quarantine June 11, 2020 Holiday firm Tui announced today that it would cancel all beach holidays for British tourists up to 10 July due to uncertainty over the government’s quarantine rules. The tour operator had previously planned to restart its holidays at the beginning of July, but said that the requirement for all travellers to England to quarantine for [...]
Covid-19 chaos boosts Plus500 trading after torrid 2019 February 28, 2020 Plus500 today reported a significant increase in trading activity over its first quarter of 2020 as the coronavirus outbreak spurred traders to greater levels of activity. The trading platform’s shares soared almost 10 per cent to 958p after today’s trading update. Panic over the coronavirus outbreak has caused turmoil across the world economy, leading to [...]