Skip to content
Search AI Powered

Latest Stories

Surinder Arora claims Heathrow owners "using smoke and mirrors" to block his £14bn plan

HOTEL tycoon Surinder Arora has claimed the owners of Heathrow are "using smoke and mirrors" on government officials in a bid to block his £14 billion plan to build the airport's third runway and sixth terminal.

The chief executive of Arora Group, the largest landowner at the airport, is spending £100 million with 300 staff working on a development consent order, the planning application required for major infrastructure projects.


This rivals the plans of the owner of Britain's biggest airport, Heathrow Airport Ltd (HAL).

After parliament finally approved Heathrow's expansion last June, it was assumed that HAL, majority owned by Spain's building giant Ferrovial, would spearhead the project.

But Arora and other aviation figures have called for competitive tenders to keep eventual charges lower.

Arora has hired US construction giant Bechtel and airports architects Corgan to work on a rival planning application that he expects to file next year.

He said: "HAL is telling the Department for Transport and the Civil Aviation Authority, 'if Arora does anything, that will delay the project by five years'. It's using smoke and mirrors. It's disingenuously spreading rumours, doing anything it can to avoid competition."

A Heathrow spokesman said: "Many attempts have been made to engage with the Arora Group and it is wholly inaccurate to suggest otherwise.

"The group's most recent rhetoric fails to acknowledge that the Civil Aviation Authority found their plans to be so 'immature' that they are not credible, plausible or deliverable."

More For You

FCA warns against regulatory 'race to bottom' in growth push
Nikhil Rathi
TOLGA AKMEN

FCA warns against regulatory 'race to bottom' in growth push

FINANCIAL REGULATOR has cautioned against compromising regulatory standards while attempting to boost economic growth, revealing the delicate balancing act facing Britain's financial oversight.

In a frank discussion with MPs, the Financial Conduct Authority (FCA) leadership highlighted the challenges of their expanded mandate to promote business competitiveness alongside consumer protection, reported the Times.

Keep ReadingShow less
Sanjay Bhandari's extradition appeal opens in London
Sanjay Bhandari

Sanjay Bhandari's extradition appeal opens in London

SANJAY BHANDARI, a consultant in the defence sector wanted in India on alleged tax evasion and money-laundering charges, began an appeal in the High Court in London against his extradition order.

The 62-year-old businessman had won permission to appeal against a November 2022 Westminster Magistrates’ Court ruling clearing his extradition earlier this year.

Keep ReadingShow less
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)

Murdoch's bid to secure eldest son's control of media empire fails

RUPERT MURDOCH’s attempt to secure control of his media empire for his eldest son, Lachlan, has reportedly failed, according to a US news report on Monday.

The Murdoch family, which oversees influential outlets like Fox News, The Wall Street Journal, and various British and Australian media organisations, has often been compared to the fictional dynasty in the TV series Succession. Like the show, real-life disputes within the Murdoch family have centred on control of the business after Rupert Murdoch’s death.

Keep ReadingShow less
Kamlesh Pattni faces UK sanctions for illicit gold trade
Pattni stands accused of central involvement in the infamous Goldenberg scandal. (Representational image: iStock)

Kamlesh Pattni faces UK sanctions for illicit gold trade

THE UK and US have imposed financial sanctions on Kamlesh Pattni, a British-Kenyan businessman with a controversial financial history. The punitive measures target Pattni and four of his close family members, including his wife and brother-in-law, reported the BBC.

The sanctions, announced by the UK Foreign, Commonwealth and Development Office, will result in the immediate freezing of assets, representing a significant intervention in what officials describe as a complex network of illicit gold trading spanning multiple African nations.

Keep ReadingShow less
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)
Sanjay Malhotra speaks during the 67th Foundation Day of the Directorate of Revenue Intelligence (DRI) in New Delhi on December 4, 2024. (Photo: Getty Images)

India appoints Sanjay Malhotra as new central bank governor

INDIA has appointed Sanjay Malhotra, a senior finance ministry bureaucrat, as the new governor of its central bank, the Reserve Bank of India (RBI).

The announcement was made on Monday, a day before the term of outgoing governor Shaktikanta Das was set to expire.

Keep ReadingShow less