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With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by system
...Email me at philip.stafford@ft.com Join me and fellow colleagues at FT’s flagship Crypto and Digital Asset Summit on May 8-9 in London....
...Transport secretary Mark Harper met the French company’s chief executive Henri Poupart-Lafarge in the UK capital on Tuesday to discuss an order for 10 new Elizabeth Line trains for Transport for London....
...“With everything fully funded, it just sucks up huge amounts of capital. Even a network like Visa isn’t pre-funded but netted the next day.”...
Victory for activists in latest consumer protection action over sustainability claims
...Barclays, British billionaire hedge fund manager Alan Howard and European venture capital firms including Dawn Capital and Target Global are investors in the company. Alan Howard declined to comment....
...Hedge fund Cyrus Capital will meanwhile convert a loan made to Esken into equity, picking up the company’s new minority stake in the airport, which is located 36 miles east of central London....
Ruud Sondag is one of the very few industry executives to publicly cast doubt on sector’s environmental targets
...Those who allocate capital to young, growing companies are the banks (for debt) and venture capital funds (for equity); in neither sector does indexing have an impact....
...But new rail infrastructure is expensive, often subject to delays and takes a long time to pay back the capital absorbed in construction, making it less attractive to private finance and difficult for states...
...Even though BGI was cash generative and used little capital, there was a modest improvement in Barclays’ capital ratios and regulators were delighted....
...Its capital ratios are robust and in the last six-month period for which it reported, it says it delivered £885mn to customers through better pricing and incentives and £344mn to committed members through...
...Sadiq Khan has launched his campaign to be re-elected Mayor of London with a vow to boost council housing as the UK capital’s most senior politician warned supporters not to assume he would win a third term...
...Byron Callan, managing director of research group Capital Alpha Partners, said: “Given the travails of the company in recent years, it’s not clear to us how deep a bench there is in terms of people internally...
...Dublin is one of only a handful of European capitals with no airport rail connection....
...London-listed Esken on Monday said it had received a proposal from Carlyle and hedge fund Cyrus Capital to provide up to £32mn of new funding to the struggling Essex airport, resolving an ongoing row over...
ASA says details about electric vehicles and capital’s Ulez pollution zone need to be more specific
...“My strong expectation is that the difference in capital costs . . . will be significantly outweighed by the savings we can get in terms of operational costs just in terms of maintenance,” he said....
Travellers are booking shorter, cheaper trips but winter bookings are still strong with UK airlines flying at capacity
...He holds a “small stake” in the business, alongside investors including Barclays, British billionaire hedge fund manager Alan Howard and European venture capital firms Target Global and Dawn Capital....
...IAG bosses focused on investments going into the business when they briefed investors and analysts at the airline’s capital markets day last month....
...“A disappointing quarter that was well short of expectations should have limited long-term consequences,” Liberum Capital said....
...The UK company was bidding for a defence contract at the time and was asked to invest start-up capital of $8.5mn towards the launch....
...But the French capital is seen as something of a trendsetter on mobility....
Executives warn US and EU will pull ahead in race to establish full-scale production without government support
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