London airport expansion: Business groups rally on government again after Heathrow accepts conditions for expansion May 11, 2016 Business groups have jumped on pledges by Heathrow Airport to reduce night flights, as well as curtail noise and pollution, to urge the government to make a decision on aviation expansion after months of dithering. Heathrow Airport today promised to make the concessions if it is allowed to build a new, third runway, ahead of [...]
EU referendum: Business travellers fear Brexit due to delays at passport control May 11, 2016 Concerns over increased airfares and delays at passport control have caused business travellers to feel uncertain about the prospect of Brexit. New research from DCC Forum found growing concerns among business owners over visa applications for entering countries and increased airfares if Britain leaves the EU. Almost one in five business travellers are worried about delays [...]
Heathrow backs down on night flights to get third runway off the ground May 11, 2016 Heathrow Airport has pledged to reduce night flights, as well as curtailing noise and pollution, in a bid to get its third runway off the ground. It comes ahead of a widely-anticipated government decision on whether to expand Heathrow or rival Gatwick, due out later this summer. Read more: Exasperated business bosses want second runway at Gatwick if [...]
Emirates Airlines profits rocket as its fuel costs fall May 10, 2016 Emirates Airline reported its highest ever profit as its fuel costs sunk due to lower crude oil prices. The airline's profits rocketed 56 per cent to Dh7.1bn (£1.32bn) in 2015-2016, a new annual record, after its fuel costs fell by 31 per cent. The airline carried 51.8m passengers over the year, 7.7 per cent more passengers than [...]
13m passengers flew through London Luton Airport in the last year May 10, 2016 Some 13m passengers have flown through London Luton Airport (LLA) in the past 12 months, a milestone for the airport, as the airport confirmed a £200m rail link that will bring LLA closer to London than Gatwick and Stansted. The total was reached after passenger numbers jumped by 17 per cent year-on-year in April, with over 1.1m [...]
Sports car manufacturer Zenos Cars aims for £750,000 crowdfunding investment round May 9, 2016 High-performance car maker Zenos Cars is looking to raise £750,000 through crowdfunding site Seedrs to fuel its expansion. The campaign, which got underway at the end of last week, has already raked in over £102,000, 14 per cent of its goal. Zenos has sold 100 cars, which start at £26,995, since the company was founded three years ago. Read more: Classic [...]
This giant credit rating agency has just issued a warning about Sadiq Khan’s plans to freeze TfL fares May 9, 2016 Hmm. Looks like things aren't getting off to a great start for London's new mayor, Sadiq Khan, after one of the world's largest credit ratings agencies warned his central pledge may hurt Transport for London (TfL). That didn't take long… In a statement that was as brief as it was punchy, this morning Moody's warned [...]
Ryanair boss Michael O’Leary urges Britain to vote Remain May 6, 2016 Ryanair chief executive Michael O'Leary has urged Britons to vote Remain in the upcoming EU referendum, telling voters they have been "sold a lie" about what will happen after the election. Speaking on BBC's Question Time, O'Leary told his audience: "You should stay." He issued a stark warning to voters: "You're being sold a lie [...]
Uber just increased its policy firepower with former EU competition boss Neelie Kroes among new Global Policy Advisory Group members May 5, 2016 The former Brussels official in charge of competition in Europe for more than a decade is among several high-profile names joining Uber's new team of policy advisors. The transport startup which has faced regulatory hurdles in several cities across the globe, including London, has formed a new board of heavyweights to advise on the matter. The former EU [...]
Crude oil surge pushes up the price of petrol at the pumps May 5, 2016 Motorists have suffered the second consecutive month of price rises at the pumps as a result of the rebound in the oil price. A 25 per cent increase in the cost of a barrel of oil from $36.51 to $45.49 has sparked the highest price since 10 November 2015, motoring group RAC data for April shows. [...]