IAG hunts for new brokers as joins FTSE January 24, 2011 INTERNATIONAL Consolidated Airlines Group (IAG) began trading in London and Spain yesterday as British Airways and Iberia continued to complete their merger. IAG shares closed at 285p in London yesterday, 3p above BA’s final price of 282p. The new firm is overhauling its advisory teams, with a beauty parade underway for a corporate broker. UBS, [...]
Japan exodus goes on March 17, 2011 THE corporate exodus from Japan’s capital Tokyo continued yesterday, with real estate agent Savills among major firms closing their offices there. In a sign of growing nervousness at the threat of a nuclear meltdown at the Fukushima Daiichi power station, the UK joined others in offering charter flights out of Tokyo’s Narita airport for British [...]
A luxe bootcamp on the Côte d’Azur takes the pain out of getting in shape June 26, 2011 YOU’RE obliged to go ‘aaahhhhh’,” said therapist Sophie Bonjean as she turned the hose from hot to cold. It’s Day One on La Réserve Ramatuelle’s Luxury Bootcamp and this, apparently, is doing wonders for my circulation. The morning started gently; yoga by the pool on the comfiest mat you will ever find yourself down-dogging on. [...]
Rolls-Royce tops list of best British brands February 27, 2011 AN independent industry survey has named the UK’s top ten business-to-business brands, with engineering company Rolls-Royce knocking Microsoft off the top spot to take first place. Either Microsoft or Google has held the number one position since 2007, but they slipped this year to third and fourth position respectively. Technology still dominated the list, with [...]
Airlines slam BAA reaction to snow chaos March 8, 2011 HEATHROW operator BAA came in for stiff criticism in front of the transport select committee yesterday, with airlines slamming the firm’s handling of the snow in December. Executives from Virgin Atlantic and British Airways told the committee that BAA’s organisation problems left thousands stranded. “At the end of the day, if the airport operators do [...]
Consultation on high speed rail link is opened February 27, 2011 TRANSPORT secretary Philip Hammond will today launch a five month consultation on the HS2 high speed rail project that could link London and Birmingham. Ministers say the 250mph link, which will cost around £2bn a year for at least the next decade, will generate £2 for every £1 invested. It is hoped the link can [...]
British Airways near to winning antitrust bid July 11, 2010 BRITISH Airways, American Airlines and Iberia are set to win EU antitrust clearance this week to deepen their Oneworld alliance. The news comes as BA and Iberia are on the brink of merging, and BA chief Willie Walsh has revealed he is already planning to buy up another airline within a year. The antitrust decision [...]
British Airways near to winning antitrust bid July 11, 2010 BRITISH Airways, American Airlines and Iberia are set to win EU antitrust clearance this week to deepen their Oneworld alliance. The news comes as BA and Iberia are on the brink of merging, and BA chief Willie Walsh has revealed he is already planning to buy up another airline within a year. The antitrust decision [...]
Global growth fears weigh on FTSE April 12, 2011 Worries over global growth and Japan’s continuing nuclear crisis have combined to cause an almost 100-point plunge on the FTSE today. The FTSE 100 lost 89 points in the day’s trading to close 1.5 per cent down at 5,964.47 after the International Monetary Fund downgraded the US’ growth forecast to 2.8 per cent and the [...]
Unite to sue British Airways over removal of employee travel perks July 26, 2010 UNITE, the trade union representing 11,000 British Airways (BA) cabin crew, will launch a legal attack over the airline’s removal of travel perks from striking staff. The union said yesterday it believed BA management was “breaching European human rights legislation” when it cut travel concessions from cabin crew in March. BA and Unite have been [...]