Easyjet to resume flights on 75 per cent of routes in August June 2, 2020 Easyjet has this afternoon announced that it will resume flying to 75 per cent of its network in August, though it will operate fewer daily services than in a normal summer season. The low-cost carrier is due to begin flying to some locations from 15 June as it seeks to begin its comeback from the [...]
Lufthansa shares jump after board approves €9bn government bailout June 2, 2020 Lufthansa shares jumped nearly six per cent this morning after its supervisory board approved a €9bn (£8bn) government bailout. Europe’s largest airline has been forced to give up some of its landing slots to rivals as a condition of the deal. Lufthansa shares rose nearly six per cent to €9.65 this morning. The deal still [...]
Major Aston Martin shareholder trims stake in iconic carmaker June 1, 2020 One of Aston Martin’s largest shareholders has trimmed its stake in the iconic British carmaker by five per cent, a regulatory filing showed today. Italian private equity firm Investindustrial Advisers disclosed a stake of 14.99 per cent, down from a previous stake of 19.92 per cent. The reason behind the decision to cut the stake [...]
More than 200 travel firms call on government to scrap quarantine plan June 1, 2020 More than 200 travel companies have backed a letter to the government calling on it to reconsider its plans to quarantine individuals entering the UK as a precaution against coronavirus. From 8 June, the government has said that all those entering the UK must quarantine for a period of 14 days in one location. The [...]
SpaceX astronauts arrive at ISS in historic moment for private spaceflight May 31, 2020 The first US space mission since 2011 has reached its destination, the International Space Station, NASA has confirmed. Astronauts Doug Hurley and Bob Behnken entered the ISS at around 6pm UK time, having docked at the ISS a few hours earlier. In doing so, they have become the first astronauts to reach the station via [...]
SpaceX mission nears International Space Station after historic launch May 31, 2020 SpaceX’s Dragon astronaut capsule is due to dock at the International Space Station this afternoon after yesterday’s historic launch. At about 8:30 yesterday evening, NASA astronauts Doug Hurley and Bob Behnken blasted off from Florida’s Cape Canaveral launchpad in the US’ first manned space mission in nine years. The mission is also the first ever [...]
TfL bailout conditions published as rescue row rolls on May 29, 2020 Transport for London (TfL) has today published the terms and conditions of its £1.6bn bailout from the government as the row over the rescue package continued. In the letter from transport secretary Grant Shapps, TfL was asked to suspend free travel for under 18s and Freedom Pass holders and reinstate the congestion charge in order [...]
SIG confirms £150m raise plans as firm swings to loss May 29, 2020 Building products supplier SIG this morning confirmed plans to raise £150m from a share issue after the firm swung to a loss in 2019. The company said that investment firm Clayton, Dubilier and Rice (CDR) had agreed to invest £85m into SIG, and would take two board seats as a result. The announcement initially prompted [...]
UK car industry flatlines as just 197 cars built in April May 29, 2020 The UK car industry made just 197 cars in April as the shuttering of factories due to the coronavirus pandemic sent production flatlining. Total production dropped 99.7 per cent, with the lowest number of cars built in one month since the Second World War, according to new data from the Society of Motor Manufacturers and [...]
Renault to cut 15,000 jobs in Covid-19 restructuring plan May 29, 2020 Renault today unveiled plans to slash roughly 15,000 jobs worldwide as part of a drastic restructuring plan aimed at counteracting a sharp slump in sales during the Covid-19 crisis. The car manufacturer said it was launching talks with unions to restructure some of its plants in France and potentially close others in a bid to [...]