FTSE 100 bounces back as Trump declares end to oil price war April 2, 2020 The FTSE 100 looked set to end the day on a high as US President Donald Trump said Saudi Arabia and Russia had ended their oil price war. Energy stocks jumped to propel the London index back into the green after a tumultous day for global stocks. Staggering data showed 6.6m US jobless claims occurred [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]
Squashed: Britvic looks to cut final salary pensions August 11, 2019 Drinks producer Britvic is planning to slash the money it pays out to 6,000 members of its final salary pension scheme. The FTSE 250 firm, which produces Robinsons soft drinks, is looking for court approval to stop measuring inflation according to the retail prices index (RPI), and instead switch to the consumer prices index (CPI). [...]
Tui share price soars as rival Thomas Cook bites the dust September 23, 2019 Tui’s share price bumped up almost 10 per cent today after Thomas Cook fell into liquidation. Travel operator Tui saw shares rise just shy of 10 per cent before trimming gains to stand 7.7 per cent up at 903p in early trading as its rival collapsed under the weight of a £1.7bn debt mountain. Read [...]
Airlines accused of price gouging after Thomas Cook collapse September 24, 2019 Airlines have been accused of exploiting the demise of rival Thomas Cook after passengers complained of a huge increase in prices. Holidaymakers looking to book future trips have complained of a surge in fares on the same routes served by the collapsed travel firm. Read more: Thomas Cook: Former workers will not receive pay packets [...]
All the train delays to hit the UK as heatwave leads to travel chaos July 26, 2019 More transport delays are set to plague passengers today despite temperatures cooling after a record-breaking heatwave this week. Passengers were left to deal with travel chaos yesterday amid July’s hottest day ever after a record-breaking 38.1C was recorded in Cambridge. Read more: UK temperatures break July record And Network Rail warned of more travel disruption [...]
Lego beats British Airways, Gillette and Apple to top of UK consumer brand rankings March 12, 2018 Danish toymaker Lego has been voted the UK’s number one consumer brand in a survey of British shoppers. The toymaker, which is celebrating the 60th anniversary of the Lego brick this year, overhauled airline British Airways to top the so-called superbrand rankings for the first time. Shaving company Gillette took second spot on the list, [...]
US stocks and FTSE 100 plunge after Fed’s long recovery warning June 11, 2020 The FTSE 100 suffered its worst daily drop since late March, with US stocks plunging into the red after the Federal Reserve effectively crushed hopes of a quick recovery. London’s blue-chip index closed down 3.99 per cent after crashing as much as 2.66 per cent this morning. And US stocks also crashed, with the Dow [...]
Heathrow and Unite locked in last-ditch talks to halt tomorrow’s strike August 5, 2019 Heathrow and Unite the union are engaged in last-ditch talks to prevent strikes planned for tomorrow from going ahead. Unite has postponed the strike that was set for today, in which more than 2,000 workers, including security guards, firefighters and engineers, planned to “shut down” the airport in a dispute over pay. Read more: Union [...]
Taxpayer to foot £32m bill of South Western Railway strikes, union claims August 29, 2019 Troubled train firm South Western Railway (SWR) is set to receive more than £30m from the taxpayer over the loss of work days to strike action, it has been claimed. The RMT rail union, which will strike on SWR from tomorrow through to Monday, said the government will hand the firm £32m to compensate it [...]