British Airways lifts fuel charge December 14, 2010 British Airways yesterday announced it will raise its fuel surcharge on longhaul flights following a recent surge in oil prices. “BA will increase its fuel surcharge on longhaul services from Thursday, 16 December,” the group said in a statement. “The move reflects the substantial recent increase in the price of oil.” There will be no [...]
Time to plan your golden getaway September 18, 2011 Deserted beaches, colourful fiestas, shopping meccas, or that perfect sunset – every destination opens up a world of golden opportunities. If exploring new places is your passion, the Preferred Rewards Gold Card from American Express can make your getaway even more rewarding. With the value of gold at an all time high, the Card now [...]
Barclays Capital in new broking win July 28, 2011 BARCLAYS Capital, the investment banking of arm of Barclays, has won another corporate broking client to add to its growing presence in UK equities. Barclays beat competition from other investment houses to win the joint mandate at Catlin, the insurance broker. It will share the mandate with Catlin’s long-term broker JP Morgan, and is replacing [...]
FTSE falls on worries of China and copper losing momentum September 29, 2011 BRITAIN’S leading share index fell back yesterday, bucking firmer trends from both US and European equity markets and under pressure from big falls by heavyweight miners on lower copper prices amid concerns over future demand. Traders highlighted some anxiety over growth from major metals consumer China ahead of official September PMI numbers, due out on [...]
Why so-called corporate social responsibility is not the answer to our problems October 23, 2011 WHAT’S your image of a socially responsible company? One that pledges not to pollute unnecessarily and donates a percentage of its profits to supporting vulnerable communities or habitats maybe? Better still, one that encourages its staff to volunteer their time to achieving this? Certainly one whose aims go beyond making a profit and are clear [...]
CITY MOVES | WHO’S SWITCHING JOBS August 21, 2011 Yorkshire Building Society Chris Pilling, head of branch network at HSBC Bank, has been appointed as chief executive of the UK’s second-largest building society. Pilling will join Yorkshire Building Society on 31 December, taking over from current chief executive Iain Cornish. Prior to joining HSBC as chief executive of its telephone and internet banking arm [...]
How BA’s rivals measure up August 9, 2011 WITH the holiday season in full flow we’ve taken a look at how airlines are perceived. The top six airlines on the BrandIndex index score (combined for six key measures) are Virgin Atlantic, Emirates, British Airways, Qantas, Singapore Airlines and Cathay Pacific. The detail reveals an interesting pattern. While UK and Australian firms perform well [...]
BAA narrows losses as traffic grows but a legal threat over charges looms July 27, 2011 BAA, the owner of Stansted and Heathrow, reported smaller losses for the first half of the year, boosted by more passengers using its airports. The airport operator made a pre-tax loss of £249m in the six months to June, down from £279.7m for the same time last year. Traffic across its London airports increased by [...]
BAA narrows losses as traffic rises July 27, 2011 British airport operator BAA reported narrowing first half losses, helped by growth in long-haul travel, and said it continued to consider appealing a ruling saying it must sell two of its airports. BAA, majority owned by Spanish infrastructure group Ferrovial, reported an adjusted pretax loss of £116.9m in the six months to the end of [...]
BAA narrows losses as traffic rises July 27, 2011 British airport operator BAA reported narrowing first half losses, helped by growth in long-haul travel, and said it continued to consider appealing a ruling saying it must sell two of its airports. BAA, majority owned by Spanish infrastructure group Ferrovial, reported an adjusted pretax loss of £116.9m in the six months to the end of [...]