Passenger numbers and profits fly higher at IAG, but shares drop on Brussels fears April 29, 2016 Profits soared at British Airways owner International Airlines Group (IAG) in the first three months of the year, but it wasn't enough to offset warnings of a slowdown over the next few months, which sent shares down four per cent The FTSE 100 airline giant, which was formed by the merger of British Airways with Spanish [...]
There’s going to be 40,000 fewer seats on London flight routes to Isle of Man this summer May 4, 2016 There will be 40,000 fewer seats on London routes to the Isle of Man this summer, according to TravelWatch. The transport watchdog said that the fall was due to the planned reduction in Easyjet flights from Gatwick on peak summer Saturdays and some peak summer midweek days, as well as the loss of Flybe's Stansted [...]
Tesco Mobile is offering you cash back in exchange for looking at ads June 9, 2016 Tesco Mobile is offering customers the option to swap ads for money off their bill. The budget mobile brand, which runs on O2's network, has partnered with Australian ad and content company Unlockd and will let Android mobile customers knock £3 off their monthly bill. Tesco Mobile customers are able download an app from the Google Play store that [...]
St Helena airport costing £285m can’t open because it’s too windy June 9, 2016 The South Atlantic island of St Helena is one of the hardest-to-reach locations in the world; it takes a five-and-a-half day voyage on the RMS Saint Helena. So naturally, there was a lot of excitement in town when it was decided an airport was going to be built. That's been met with the same frustration [...]
More or less? What needs to be done to get control of Britain’s pension scheme deficits August 7, 2016 Even before last Thursday’s interest rate cut, pension deficits were at record levels with the total gap between assets and liabilities for Britain’s companies estimated at a mind-boggling £390bn. The rate cut exerted further downward pressure on gilt yields – a key determinant in pension liability valuations – meaning that the gap is likely to grow further. [...]
At the close: Sterling surge holds down the FTSE 100 July 12, 2016 The FTSE 100 closed flat this evening after ending yesterday's session at an 11-month high. The blue-chip index closed at 6,680.69 points, down just two points and flat in percentage terms. The end to yesterday's rally was put down to sterling being on course for its best performance against the yen in over three years after Theresa May [...]
Standard and Poor’s upgrades British Airways’s outlook despite uncertainty over parent company IAG’s bid for Aer Lingus June 23, 2015 Standard and Poors (S&P) has upgraded British Airways’s (BA) outlook to positive from stable. The ratings agency changed BA’s rating to BB after assessing the company’s finances. S&P said: profitability was materially above our expectations in 2014 and we expect it to remain strong for 2015-2016. It did emphasise, however, that BA’s rating was constrained [...]
British Airways flight BA479 lands safely after circling Heathrow for over an hour with landing gear problem July 2, 2015 A British Airways plane is circling Heathrow at 5,000ft sue to a landing gear problem. Read more: Standard and Poor's upgrades British Airways's outlook Flight BA479 was meant to land at 1.05pm but made loops around the capital before safely landing on runway 27R at around 2.30pm. The flight travelling from Barcelona landed at a [...]
British Airways owner rises as it bids for Ryanair’s Aer Lingus stake May 27, 2015 SHARES in International Airlines Group (IAG) climbed steeply yesterday, with investors welcoming the prospect of its bid for Aer Lingus. Shares in the British Airways owner ended up 3.21 per cent, at a value of 562p a share. The Irish airline’s shares also took off, closing up 2.63 per cent at €2.56 (£1.70). The rises [...]
I went up a mountain in Sri Lanka to meet a reclusive mystic and here is what I learned September 14, 2017 Somewhere high up in the hills surrounding the town of Kandy in Sri Lanka, there lives a man called Rahju. An artist, spiritualist and musician, Rahju practices meditation while riding along coastal roads on his motorcycle. His paintings are inspired by the writing of Buddhist philosophers and the intergalactic observations of the Hubble Space Telescope [...]