‘The Big Short’ investor reveals $534m bet against Tesla May 18, 2021 One of the hedge fund managers made famous by the Oscar-winning film The Big Short has taken out a sizeable short position against Tesla. In a regulatory filing yesterday, Michael Burry’s Scion Asset Management said it had bearish put options worth $534m against the electric car firm’s stock. Put options give investors the right to [...]
London e-scooter trial to launch in the City next month May 18, 2021 London’s trial of rental e-scooters will begin next month, it has been confirmed, with the City and Canary Wharf among the first areas to test the transport system. The financial hubs have been tapped alongside a core group of boroughs to take part in the trial, which will begin on Monday 7 June. More areas [...]
Harley-Davidson shares drive up to three-year high on trade truce May 17, 2021 Shares in Harley-Davidson revved up to a three-year high today after the EU suspended an increase in retaliatory tariffs on its motorbikes as part of a trade truce with the US. The EU had threatened to double tariffs on Harley’s bikes, American-made whiskey and power boats to 50 per cent from next month in retaliation [...]
Evening Read: The Great Reopening is well under way May 17, 2021 As Reopening Day is slowly maturing, Monday the 17th of May will most likely go down in pandemic history as a day full of positive post-lockdown news, and very mixed weather. From today, people in England can meet outdoors in groups of up to 30, and indoors in groups of six, or two households, with [...]
Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss May 17, 2021 Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss
Easyjet hires headhunters to steer search for new chairman May 15, 2021 Easyjet has hired headhunters to begin the search for the successor to chairman John Barton, who will step down next year. Sky News reported that the budget carrier had hired Lygon Group to conduct the search. Barton, who will step down next May after a full nine year term as the airline’s carrier, has been [...]
‘Overly cautious’ travel rules risk 1.5m jobs, airport bosses say May 15, 2021 The bosses of the UK’s airports have today written to Boris Johnson to urge him to speed up the reopening of international travel. In an open letter, they said that the UK’s “overly cautious” approach to letting people travel again could put 1.5m jobs in aviation and travel at risk. “Naturally airports understand the Government’s [...]
Ministers set to reveal radical rail shake-up May 15, 2021 Ministers are set to reveal the biggest overhaul of the UK’s rail system in three decades, with reforms including the introduction of flexible season tickets and pay-as-you-go travel across the network. The coming week will see the publication of a long-awaited white paper on the future of the country’s rail network, the Times reported. Chief [...]
Waterloo & City Tube line to reopen from 21 June May 15, 2021 The Waterloo & City line will reopen on 21 June, Transport for London (TfL) confirmed today, having been shut since the first coronavirus lockdown. The underground line, which connects the commuter hub at Waterloo with the Square Mile, is a vital artery for many who commute into the office. Upon reopening, the Waterloo & City [...]
Travel green list: The destinations with the most five star hotel availability May 14, 2021 Boris Johnson announced last week which nations had made the coveted holiday green list, meaning holidaymakers would not be required to quarantine on their return to the UK should they head there this summer. With many of us keen to get away after more than a year, hotel booking platform Hoo analysed which green list [...]