Is two-year low the nadir for IAG shares? May 21, 2019 Investors have taken these results as a cue to pick up cheap stock, betting that the worst is over. In the context of its financial year, the first quarter will probably be one which International Consolidated Airlines Group (LSE:IAG) will want to forget. As can be seen from the demise of several smaller airlines over [...]
Why did the US Navy sink its own vessel off the coast of the Cayman Islands? September 27, 2019 The sound of whirring rotor blades carries across the bay. I’m staring at a framed photo of Tom Selleck inside the office of Cayman Island Helicopters, while its proprietor, Jerome Begot, readies the chopper. Jerome is a Frenchman who, inexplicably, flew in the US Air Force decades ago, and Magnum PI is his hero. After [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
Time Out looks to markets as audience reach hit by Facebook algorithm change March 28, 2019 Media company Time Out saw its audience numbers slashed by a third last year after a change to Facebook’s algorithm pushed its content further down users’ newsfeeds. The company reported an average global monthly audience reach of 144m, down 33 per cent on the year before, which it said was “primarily the result of a [...]
Norwegian boss Bjorn Kjos hints at retirement after months of turbulence March 25, 2019 The chief executive of Norwegian Air Shuttle has said he is open to retiring just a week after the company’s chairman stepped down during a tough time for the carrier. “I am deep in overtime. I should have retired a long time ago. There is a time for everything, but it’s perhaps not only my [...]
From sunken sculptures to rusting Soviet planes, Grenada is an island brimming with mystery October 2, 2019 There’s a human silhouette looming out of the depths. The waves above have churned up the sand below, and now the sediment coils above the seabed like a strange mist, like something out of a Stephen King novel. I pop my head above the surface to fill my lungs with as much air as they [...]
FTSE 100 index rises on hopes of US – China trade war breakthrough January 18, 2019 The FTSE 100 is up more than one per cent this morning on hopes of a breakthrough in trade talks between the US and China. The index was boosted by hopes of progress in the trade war, which were sparked by news reports suggesting that the US is considering reducing tariffs on Chinese imports. Read more: Markets lift [...]
Norwegian Air shares tumble as leaders agree to sale of subscription rights February 18, 2019 Shares in Norwegian Air crashed this morning after the struggling airline’s boss and board chairman agreed to sell some of their subscription rights to a share issue at less than face value in order to raise emergency funds. Read more: Growth will slow at Norwegian Air as profits in focus Chief executive Bjorn Kjos and chairman [...]
Andrea Leadsom defends Boris Johnson’s U-turn over Heathrow June 18, 2019 A key ally of Boris Johnson has defended his apparent decision to drop his opposition to the Heathrow third runway. Andrea Leadsom, who threw her weight behind Johnson’s campaign to be the next Prime Minister this morning, told LBC: “I think he has changed his view over time, as is absolutely right that politicians do [...]
Norwegian air passenger growth flags in January February 6, 2019 Shares in Norwegian Airlines dipped this morning as the budget carrier revealed that passenger growth fell last month. The airline, which saw shares drop almost three per cent this morning, expanded its capacity in January by 27 per cent, however total passenger traffic grew by 18 per cent, missing Reuters passenger growth forecast of 20.1 [...]