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Fly London to New York in 90 mins on jet [subscription]

Virgin Galactic has formed a partnership with Rolls-Royce to develop a supersonic business jet that will fly at three times the speed of sound — making the journey from London to New York only 90 minutes.

Sheffield Supertram emergency funding announcement due 'shortly'

An announcement over whether Yorkshire's only city tram network will have enough funding to continue will be made in the coming days as MPs lobby the Government over its future.

Funding for firm to develop technology for fairer rail fares

Bristol-based Esoterix has secured £380,000 funding to accelerate the development of technology that aims to underpin fairer fares on rail. The Department for Transport have awarded the grant through Innovate UK as part of the First of a Kind in Rail 2020 competition.

Tuesday, 04 August 2020

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  • BP slashes dividend as Covid pushes it to record $16.8bn lossCompany to shift towards clean energy after writing down value of its oil and gas assetsBP has cut its dividend for the first time since the Deepwater Horizon oil spill after plummeting to a multibillion-dollar loss and slashing the value of its oil and gas assets.BP halved its shareholder payout from 10.5 cents to 5.25 cents per share for the second quarter after reporting a record loss of $16.8bn (£12.8bn), compared with a profit of $1.8bn for the same period last year.

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