Premier League clubs block Saudi sponsorship deals with Newcastle United October 19, 2021 Premier League clubs have moved to stop Saudi Arabia flooding Newcastle United with big-money sponsorship deals that would allow them to spend freely on transfers. Eighteen of the 20 top-flight teams approved a block on related-party transactions, in which a company that shares the same owner as a club pays it money via a commercial [...]
No fly zone: As coronavirus fears grow, airlines must brace for the worst March 3, 2020 One of last month’s more outlandish news stories was the report that the coronavirus outbreak had caused an upsurge in private jet inquiries. More wealthy travellers than ever, it seems, are willing to pay thousands of pounds an hour for a plane unto themselves, in an attempt to dodge the risk of getting infected. The [...]
Wall Street closes just shy of record on renewed hopes of Covid-19 vaccine November 9, 2020 Wall Street surged ahead today as news of the first successful late stage Covid-19 vaccine trials bolstered hopes of the global economy emerging from a year of pandemic-driven crisis, with the S&P 500 and Dow Jones opening on record highs. News that Pfizer’s experimental vaccine was found to be more than 90 per cent effective [...]
BA passengers complain after flight cancellation confusion August 25, 2019 British Airways passengers have complained that they have been unable to contact the airline following confusion about flight cancellations ahead of next month’s pilot strike. British Airways pilots are due to strike on the 9, 10 and 27 September after failing to reach an agreement with members of the British Airline Pilots Association (Balpa) over [...]
Budget 2020: Government to review Air Passenger Duty March 11, 2020 The government has announced that it will undertake a review of Air Passenger Duty (APD) as a part of its new Budget, after calls from the aviation industry to scrap the tax. It said that it would “consider the case for changing the APD treatment of domestic flights, such as reintroducing a return leg exemption, [...]
Big banks plug $18m into Soho fintech Fidel September 25, 2019 The venture capital arms of Royal Bank of Canada and Citi have supported an $18m (£16.3m) funding round for Soho-headquartered fintech firm Fidel. The series A round was led by Nyca Partners and QED Investors, which have previously backed the likes of Zopa, Clearscore and Acorns. Transferwise founder Taavet Hinrikus and Commerce VC also supported [...]
Ultra’s profits soar after increase in defence spending at home and abroad March 10, 2020 Electronics group Ultra has posted a 113 per cent increase in profits due to new orders. Shares in the company have risen 10.81 per cent as a result to 2,112p. The FTSE 250 listed company released its results for year ending 2019 showing profit before tax had risen to £91m in 2019 from £42.6m in [...]
FTSE 100 ‘in panic mode’ as coronavirus fears push it into red January 27, 2020 FTSE 100 stocks have fallen deep into the red today as fears rise over the spread of coronavirus, which has now claimed 81 lives in China. Britain’s blue-chip index was down 2.3 per cent by 2pm at 7,412 as hoteliers, airlines and luxury goods firms with links to China suffered. As the death toll mounted, [...]
UK aviation industry rejects decision to leave EU Aviation Safety Agency March 9, 2020 The UK aviation industry has hit back at plans to leave the European Union Aviation Safety Agency (EASA) by the end of the year, saying that the move posed a risk to highly skilled jobs in the UK. The calls come after US magazine Aviation Week reported that transport secretary Grant Shapps had confirmed that [...]
Rail franchising model ‘set to be scrapped’ in coming weeks February 16, 2020 Boris Johnson is set to dramatically overhaul the nation’s rail network by scrapping the rail franchise model and capping profits by private providers. Former British Airways boss Keith Williams was drafted to conduct a review of Britain’s railways last year, with the report set to be released in the coming weeks. It’s now expected that [...]