Business Travel News - Financial News https://www.financial-news.co.uk/air-travel/business-travel/ Reliable, up-to-date source for financial news distribution and PR. Find the latest news on insurance, banking, property and mortgages and more. Fri, 22 Nov 2024 17:14:29 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 https://www.financial-news.co.uk/wp-content/uploads/2024/10/cropped-fav-32x32.png Business Travel News - Financial News https://www.financial-news.co.uk/air-travel/business-travel/ 32 32 Why Andorra Should Be Your Next Business Destination: A Guide for UK Entrepreneurs https://www.financial-news.co.uk/why-andorra-should-be-your-next-business-destination-a-guide-for-uk-entrepreneurs/ Fri, 22 Nov 2024 17:14:24 +0000 https://www.financial-news.co.uk/?p=157625 Discover a European business destination that blends tax efficiency, strategic location, and unparalleled quality of life – Andorra. For UK entrepreneurs navigating the post-Brexit landscape, expanding into Europe can feel daunting. Tariffs, regulations, and the loss of EU privileges have complicated cross-border operations. But Andorra, a microstate nestled between France and Spain, offers a solution [...]

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]]> 157625 Government Leverages Business Travel for Economic Growth https://www.financial-news.co.uk/government-leverages-business-travel-for-economic-growth/ Tue, 01 Oct 2024 07:38:11 +0000 https://www.financial-news.co.uk/?p=104668 The UK government is heavily reliant on the business travel sector for economic growth, as outlined at the recent Business Travel Association conference. Steve Richards illuminated the urgent economic needs of the Labour government and the challenges it faces. The government’s need for increased revenue is linked to the corporate travel industry’s growth potential. Challenges [...]

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]]> 104668 Heathrow Express Staff Strike Amid Pay Dispute https://www.financial-news.co.uk/heathrow-express-staff-strike-amid-pay-dispute/ Mon, 23 Sep 2024 07:29:51 +0000 https://www.financial-news.co.uk/?p=104674 Heathrow Express personnel have initiated a 48-hour walkout amidst an ongoing pay dispute. This has been propelled by members of the RMT union rejecting a proposed pay offer. Despite the industrial action, Heathrow Express services are expected to continue without disruptions according to official statements from the company. The dispute remains unresolved after numerous attempts [...]

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]]> 104674 Trainline Revises Annual Profit Predictions Amid Robust Growth https://www.financial-news.co.uk/trainline-revises-annual-profit-predictions-amid-robust-growth/ Thu, 12 Sep 2024 07:33:40 +0000 https://www.financial-news.co.uk/?p=104677 Trainline revises its annual profit forecast due to improved performance. The company reports a 14% increase in net ticket sales amounting to £3 billion. Revenue grows by 17% to £229 million, surpassing expectations. Adjusted EBITDA is set to exceed previous estimates reflecting strong results. The firm’s B2B arm reports significant growth, highlighting increased competition. Trainline [...]

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]]> 104677 CMA Investigation Timeline into Amex GBT and CWT Merger https://www.financial-news.co.uk/cma-investigation-timeline-into-amex-gbt-and-cwt-merger/ Mon, 02 Sep 2024 08:15:50 +0000 https://www.financial-news.co.uk/?p=104671 The Competition and Markets Authority (CMA) has set a timeline for its investigation into the Amex GBT’s acquisition of CWT. Amex GBT’s decision not to offer certain undertakings prompted the CMA’s in-depth Phase 2 inquiry. Concerns of reduced competition in the business travel sector are central to this investigation. The process, including main hearings in [...]

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]]> 104671 Has global corporate travel consolidation hit a buffer https://www.financial-news.co.uk/has-global-corporate-travel-consolidation-hit-a-buffer/ Mon, 02 Sep 2024 08:00:51 +0000 https://www.financial-news.co.uk/?p=104665 The planned acquisition of CWT by Amex GBT has sparked considerable concern from the UK Competition and Markets Authority (CMA). The CMA has initiated an in-depth investigation into the merger’s implications for market competition. Global Business Travel Holdings, parent company of Amex GBT, has thus far declined to offer remedies to address these concerns. The [...]

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]]> 104665 HS2 Commitment to Manchester Despite Government Setbacks https://www.financial-news.co.uk/hs2-commitment-to-manchester-despite-government-setbacks/ Tue, 19 Mar 2024 08:10:30 +0000 https://www.financial-news.co.uk/?p=104875 In a resolute affirmation, business leaders have been assured that the HS2 high-speed rail project will eventually connect to Manchester, even amidst recent government cancellations beyond Birmingham. Former Transport Secretary Andrew Adonis emphasises the inevitability of HS2’s completion to Manchester despite financial constraints. The government’s decision to halt the HS2 extension raises concerns about immediate [...]

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]]> 104875 Travelperk Secures $104m Funding Amid Business Travel Boom https://www.financial-news.co.uk/travelperk-secures-104m-funding-amid-business-travel-boom/ Tue, 23 Jan 2024 07:48:22 +0000 https://www.financial-news.co.uk/?p=104680 Travelperk has raised $104 million due to a significant rise in business travel demand. The funding comes as business travel in the UK surged by 75% in 2023 compared to 2022. With this investment, the company is valued at $1.4 billion. The funds will be utilised to enhance Travelperk’s platform and introduce AI-driven services. SoftBank [...]

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