Looming US sanctions on Iran push oil prices higher August 24, 2018 Oil prices climbed this morning amid fears that incoming US sanctions on Iran are likely to reduce crude volumes significantly. Brent crude oil futures were at $75.19 (£58.59) per barrel earlier today, rising 0.6 per cent from their last close, while US West Texas Intermediate (WTI) crude futures were up 0.7 per cent. Brent is [...]
All aboard the blame train: Government, regulator and train firms all failed in rail chaos September 20, 2018 The government, regulators and the owner of the rail network were all part of a comedy of errors which led to chaos on Britain’s railways earlier this year, according to a review of the disruption published today. The report by Office of Rail and Road (ORR) boss Stephen Glaister into the chaotic timetable change which [...]
All aboard the blame train: Government, regulator and train firms all failed in rail chaos September 20, 2018 The government, regulators and the owner of the rail network were all part of a comedy of errors which led to chaos on Britain’s railways earlier this year, according to a review of the disruption published today. The report by Office of Rail and Road (ORR) boss Stephen Glaister into the chaotic timetable change which [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
Kleinman: Brutal winter could ground Flybe despite buyer interest, Truell’s trump card and wheel turns for auditors November 30, 2018 If only achieving take-off for Flybe’s profits was as easy as it seems to be for its share price. Not content with a 70 per cent uplift after I reported that Virgin Atlantic was in talks to buy the regional airline, the stock soared again on Monday as investors boarded on hopes of a bidding war [...]
Easyjet says a third runway at Heathrow will mean lower fares and new routes June 12, 2018 Easyjet has said fares would drop by around a third if Heathrow is given the green light to expand. The budget airline said the contentious expansion of the airport would allow low-cost carriers to enter the airport for the first time, resulting in increased competition that would drive down fares for passengers. While also allowing [...]
Brits lost £500m to fraudsters in first half of 2018 September 25, 2018 Criminals lied and tricked their way to stealing £500m from the UK public in the first half of the year, new figures today reveal. While the finance industry managed to protect £2 in every £3 targeted by fraudsters, they managed to steal £503.4m, using it to fund terrorism, people smuggling and drug trafficking, according to trade association UK [...]
Troubled airline Flybe insists flights continue as normal amid survival funding talks January 13, 2020 Flybe’s chief executive today pleaded with employees not to give away details of its financial situation, as the struggling airline remained tight-lipped on reports that it is hurtling towards collapse today. Europe’s biggest regional carrier was rocked by suggestions that it is in a fresh battle for survival on Sunday night, less than a year [...]
Boeing’s Ethiopian Airlines crash fallout: Everything you need to know March 13, 2019 The world's biggest plane manufacturer is up against the ropes. After the second fatal crash of one of a new Boeing plane model over the weekend, fingers are being pointed and whole continents have banned it from entering their airspace. As the fallout for businesses and consumers across the globe continues to ramp up, City A.M. brings you [...]
British Airways owner British Airways owner IAG’s new airline Level has already soared past 100,000 bookings since launching in March April 11, 2017 IAG only unveiled its new low-cost, long-haul airline Level last month. But the new Barcelona-based carrier has already soared past 100,000 bookings as the low-cost, long-haul market heats up. Customers have been snapping up tickets from the Spanish city to LA, San Francisco, Buenos Aires and Punta Cana. Read more: British Airways owner IAG is [...]