Near-miss: Passenger jet ‘narrowly avoided’ hitting drone at Gatwick airport in April August 28, 2019 An Airbus passenger jet carrying as many as 186 passengers was forced to take evasive action to avoid a drone as it approached Gatwick airport, it has emerged. The airliner was flying at 518 metres towards the West Sussex airport on 28 April when the pilot saw a dark-coloured drone and made a banking turn [...]
FTSE 100 gains cool ahead of G7 coronavirus call March 3, 2020 The FTSE 100 index has risen for a second straight session this morning, as policymakers across the world indicated they would take measures to ease the economic impact of the coronavirus outbreak. Britain’s blue-chip index rose as much as 2.21 per cent following the open, with traders taking their cue from a largely positive showing [...]
On the Beach swoops in for Thomas Cook market share after collapse October 22, 2019 Package holiday firm On the Beach has jumped at the opportunity created by the collapse of Thomas Cook, it said today, nudging shares up in early trading. The London-listed firm said the failure of the 178-year-old travel giant has “created an unprecedented opportunity to take additional market share at an increased rate”. Read more: Thomas [...]
British flight ban to Sharm el-Sheikh lifted, as airlines eye resort for summer 2020 October 22, 2019 British holidaymakers could soon have the chance to return to the popular Egyptian resort Sharm el-Sheikh, after the government lifted a ban imposed in 2015. Flights to the resort town were suspended after 224 people were killed by the bombing of a Russian airliner, which was linked to the so-called Islamic State group (Isis). Read [...]
Extinction Rebellion patron buys stake in Heathrow Airport October 20, 2019 A billionaire backer of Extinction Rebellion has been revealed to have a stake in Heathrow Airport. Sir Chrisopher Hohn has clandestinely built a 4 per cent stake in Heathrow parent company Ferrovial worth €730m (£630m), according to the Sunday Telegraph. Read more: Ferrovial makes bid to take trio of Britain’s regional airports It was reported [...]
Don’t turn BBC reform into a political football February 7, 2020 Move over Brexit, there’s a new B-word battle: over the fate of the BBC. Dominic Cummings, the Prime Minister’s chief adviser, has had the broadcaster in his sights for some time, with reports from his think tank in 2004 suggesting axing it altogether. Opening shots were fired after December’s election, when Cummings imposed a ministerial [...]
Pension deficits fall among FTSE 350 firms but majority remain in the red August 12, 2019 Defined benefit pension deficits among FTSE 350 companies have dropped by nearly one-third in the last year, but still more than half of firms are operating on a deficit, according to research. The collective pension scheme deficit for the top 350 listed companies in Britain fell 29 per cent to £39bn last year, from £55bn [...]
Heathrow airport faces fresh calls to increase competition between airlines October 17, 2019 Heathrow airport has come under fresh pressure to increase competition between airlines, amid concerns over a monopoly by British Airways owner International Airlines Group (IAG). A survey has suggested 57 per cent of British travellers support more choice of airline at Heathrow, one day after the transport secretary backed calls for greater competition. Read more: [...]
Coronavirus hits UK as first two cases confirmed January 31, 2020 There have been two cases of coronavirus confirmed in the UK today, Public Health England has said. Two people from the same family have tested positive for the virus, according to Professor Chris Whitty, chief medical officer for England. The Department of Health has declined to confirm the identities of the pair or where in [...]
Fewer people wanted to fly this summer, and it has hurt Air France-KLM’s profits October 31, 2019 The parent company of Air France has warned that its income from people buying plane tickets fell in the last quarter, as “geopolitical uncertainties” hit its business. Shares in Air France-KLM fell as much as 12 per cent this morning as the firm reported that net profit had halved during late-summer trading. They eventually recovered [...]