Heathrow proposes to charge drivers £5 to drop off as part of its ‘green initiative’

STARTING from next year, Heathrow is planning to charge drivers £5 to drop off loved ones as part of its ‘green initiative’, reports said. Airport officials believe that the charge will encourage travellers to use public transport and help it reach its sustainability goals. The  proposed ‘forecourt access charge’ would ‘protect the business financially’ after […]

Ikea announces second India store to open in Mumbai

Ikea said on Friday (4) it will open its second Indian store on December 18, seeking to woo the nation’s growing middle class with Swedish functionality and a dash of local masala. The furniture giant opened its first Indian outlet two years ago in the southern city of Hyderabad. Its next shopfront will be on […]

Alok Sharma says Brexit trade talks in ‘difficult phase’; France threatens to veto a ‘bad deal’

BREXIT trade talks are in the difficult phase and a deal can only be struck if the EU accepts that Britain is a sovereign nation, a British minister said on Friday(4) after London indicated that the chance of a breakthrough was receding. “We are at a critical phase,” business secretary Alok Sharma told Sky TV. […]

Tesco to repay £585m to the government; says ‘some risks are behind us’

BRITAIN’s biggest retailer Tesco on Wednesday(2) said it will repay  £585 million ($785m) of Covid-19 pandemic business rates relief it received from the government as some of the risks of the crisis were behind it. Britain’s supermarket groups have performed well during the pandemic but have been criticised by lawmakers and media for paying shareholders […]

Nirav Modi’s remand extended in the UK; final proceedings in 2021

FUGITIVE Indian jeweller Nirav Modi was further remanded in custody on Tuesday (1) by a court in London hearing India’s extradition request for the diamond merchant. The 49-year-old is wanted in India over his alleged involvement in a $2 billion (£1.5 billion) fraud at India’s state-run Punjab National Bank. Modi appeared on Tuesday via videolink […]

Caffè Nero rejects Issa brothers’ takeover bid; says it is ‘opportunistic’

COFFEE SHOP chain Caffè Nero has rejected a takeover bid from EG Group’s Issa brothers, describing it as ‘opportunistic’. The billionaire brothers have made the offer on Sunday(29) ahead of a key meeting between Caffè Nero and its creditors. Following the dismissal of the offer, the coffee chain will be forced to seek a company voluntary […]

Diverse businesses are more profitable, innovative and competitive, says Lord Bilimoria

NO company can afford to let diversity and inclusion slip down the priority list in these uncertain times, Confederation of British Industry (CBI) president Lord Karan Bilimoria CBE said on Tuesday(1). He added that diverse businesses are more profitable, innovative, and competitive. While speaking at CBI’s first virtual diversity and inclusion conference, Lord Bilimoria has […]

OneWeb can be ‘at the heart of security links’ between India and the ‘Five Eyes’ alliance, says Sunil Mittal

TELECOMS tycoon Sunil Bharti Mittal has said that satellite operator OneWeb can be at the heart of new relationship between India and the ‘Five Eyes’, the intelligence partnership between Britain, the US, Australia, Canada and New Zealand. Mittal, chairman of Bharti Enterprises, has teamed up with the British government to rescue OneWeb. The UK won […]

Issa brothers likely to takeover coffee shop chain Caffe Nero

UK billionaire brothers Mohsin and Zuber Issa have launched a takeover bid for the ailing coffee shop chain Caffe Nero. Reports said that the brothers have written to Caffe Nero’s founder and owner Gerry Ford over the weekend with a proposal. Landlords would be fully reimbursed for any arrears owed by Caffe Nero during the […]

Ashok Leyland’s UK subsidiary renamed as Switch Mobility

HINDUJA GROUP firm Ashok Leyland has renamed its UK subsidiary Optare as Switch Mobility as part of the plans to bring the entire electric vehicles (EV) initiatives under one entity. The company plans to tap the growth opportunities in the global LCV and bus EV market, which will be worth $50 billion by 2030 with […]

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