What the other papers say this morning November 22, 2012 FINANCIAL TIMES State Street in pension fee probe UK regulators are investigating allegations that State Street overcharged Ireland’s state pension fund and several big UK corporate pension funds, including those of the Royal Mail and J Sainsbury, billing them for fees not included in their contracts, according to people familiar with the matter. Ireland’s national [...]
First winter snowstorm shuts airports and causes rail havoc December 5, 2012 THE FIRST big snowstorm of the winter forced Stansted Airport to close for around two hours this morning and caused disruption on train routes into London. Stansted re-opened its runway shortly after 8am, having cleared two inches of snow, but the closure caused around 40 cancellations and delays for frustrated passengers for the rest of [...]
EasyJet’s November traffic rises as strike threat dents Aer Lingus December 6, 2012 EASYJET yesterday posted a jump in traffic for November alongside news that it will start flying to Newquay, while low-cost rival Aer Lingus said its traffic was hit by the threat of industrial action. Passenger numbers for EasyJet last month were up 7.7 per cent on a year ago to 4.12m. In the 12 months [...]
Ryanair blames airport fees for Edinburgh cuts April 12, 2012 RYANAIR yesterday cut 60 weekly flights from Edinburgh Airport in a bid to force operator BAA to lower its fees. The low-cost carrier warned that its move to axe eight routes from its winter schedule could cost up to 500 jobs at the airport. Ryanair blamed BAA’s “uncompetitive” fees, and said its annual passenger traffic [...]
What the other papers say this morning October 31, 2012 FINANCIAL TIMES Small TNK-BP investors left in doubt Igor Sechin yesterday added to concerns about investor rights in Russia when the Rosneft chief executive said the state-controlled oil group had no obligation towards minority investors in TNK-BP. He was speaking as Rosneft moved ahead with plans to buy TNK-BP, Russia’s third-largest oil producer, in a [...]
Brits want more housing but not high speed rail November 19, 2012 THE BRITISH public would like to see the government invest in or facilitate more house building to boost the flagging economy, according to a poll out yesterday. However, a survey suggests that there is less support for building new airports and runways or for beefing up the country’s rail infrastructure. Four in ten people believe [...]
Non-European flights get a green tax break November 12, 2012 THE EUROPEAN Union has suspended its controversial carbon emissions tax for non-EU flights, after fierce protests from authorities around the world. Airlines operating routes within the EU will still have to pay, but the bloc has issued a year-long exemption for flights linking EU airports to the rest of the world. The Emissions Trading Scheme [...]
Non-European flights get a green tax break November 12, 2012 THE EUROPEAN Union has suspended its controversial carbon emissions tax for non-EU flights, after fierce protests from authorities around the world. Airlines operating routes within the EU will still have to pay, but the bloc has issued a year-long exemption for flights linking EU airports to the rest of the world. The Emissions Trading Scheme [...]
City Airport’s boss on why London’s future is in the east January 27, 2013 FOR A man whose airport was closed by almost half a foot of snow just days ago, Declan Collier was remarkably upbeat when City A.M. met him at the airport’s headquarters last week. “I’m satisfied that we brought as much as we possibly could to bear to the problem, in terms of equipment and manpower,” [...]
Raft of firms set to release figures as Bank debates if more QE needed November 4, 2012 THE biggest question for UK investors this week is whether the Bank of England’s Monetary Policy Committee (MPC) will opt for more quantitative easing. The decision, which will be announced on Thursday, comes after strong jobs and GDP data. “Strong third quarter GDP data suggested that underlying growth was slightly stronger than previously thought and [...]