Rapid responses January 6, 2013 Export revolution [Re: We need an export-led revolution to save the UK economy, Friday] Exporting is a key area where the UK should be doing better. An “export-led revolution” should focus on small and medium-sized enterprises (SMEs) that are not keeping up with the pace of our overseas competitors. Currently, only 20 per cent of [...]
What the other papers say this morning – 19 August 2013 August 18, 2013 FINANCIAL TIMES House of Fraser eyes London listing House of Fraser, the British department store chain, has considered a return to the public markets to help simplify its ownership structure. The group is mulling a listing in London, although this is being considered alongside other options to allow shareholders to exit the group, said one [...]
IAG eyes Spanish budget airline November 7, 2012 IAG, the parent company of British Airways and Iberia, is eyeing a bid for Vueling Airlines, a budget carrier based in Spain, the firm said in a statement yesterday. IAG’s board will meet today to consider a bid and its possible terms. A subsidiary of IAG already owns 45.85 per cent of Barcelona-based Vueling, which [...]
Virgin unveils new routes but no sign of Delta December 9, 2012 VIRGIN Atlantic will begin its challenge to British Airways’ domestic routes in April with 24 flights a day, the firm confirmed today. But the firm remains tight-lipped about reports that US airline Delta is close to buying Singapore Airlines’ 49 per cent stake in Virgin Atlantic. Delta is believed to be in talks with its [...]
Virgin Atlantic ups BA rivalry as Delta buys $360m stake December 11, 2012 VIRGIN Atlantic executives said yesterday that the airline’s new partnership with US giant Delta will help it take on rival British Airways. Delta revealed that it has spent $360m (£223m) to buy Singapore Airlines’ 49 per cent stake in Virgin Atlantic – a holding that cost Singapore £600m in 1999. Julie Southern, Virgin Atlantic’s chief [...]
FTSE hits another 4.5 year peak as afternoon session scares off bears January 17, 2013 BRITAIN’S blue-chip shares reversed early losses to hit a four and a half year high yesterday after several big fallers bounced back to expunge sellers from the market. Banks gained 0.9 and are now up around 2.5 per cent since the previous session’s lows, boosted by forecast-beating earnings from JP Morgan Chase and Goldman Sachs [...]
Virgin picks US exec as its new airline leader January 8, 2013 VIRGIN Atlantic has hired American Airlines executive Craig Kreeger as its new chief executive, replacing Steve Ridgway at the carrier from 1 February. Kreeger, who has beaten internal candidate Julie Southern to the top job, joins the firm as it navigates a new tie-up with US giant Delta Air Lines. The search for Ridgway’s replacement [...]
Paradise found at Canyon Ranch February 24, 2013 Newsreader Emma Crosby finds Canyon Ranch is the perfect antidote to the punishing daily newsbeat IT’S 7AM and the thermometer is already pushing 80 degrees centigrade. I’m cycling in what must be one of the most stark but beautiful places on Earth, the Sonora desert in the foothills of the Rincon Mountains in Arizona. My [...]
What the other papers say this morning – 26 July 2013 July 25, 2013 FINANCIAL TIMES Berkshire Hathaway derided for deal Warren Buffett’s Berkshire Hathaway has been branded “foolish” by an insurance executive for blindly following underwriting decisions taken by Lloyd’s of London rivals. An unusual deal that Berkshire has struck with the insurance broker Aon is likely to “end in tears”, warned Richard Brindle, founder and chief executive [...]
IAG profits hurt by weak Iberia November 9, 2012 British Airways owner IAG this morning reported a 25 per cent drop in operating profit over the third quarter, as it announced a turnaround plan for poorly-performing subsidiary Iberia. The airline group posted operating profit over the three months to September of €270m, down from €363m over the same period last year. Over the nine [...]