FTSE hits 31-month high on first close of 2011 January 4, 2011 LONDON saw a storming start to 2011 as the FTSE moved above the 6,000 level in the year’s first trading session to close at a 31-month high. The FTSE 100 moved up 1.9 per cent or 113.93 points to close at 6,013.87, its highest level since June 2008, buoyed by rises on US and European [...]
Desert sands blowing into the gears of the economy January 31, 2011 THE LAST time Egypt unsettled international markets this badly was in 1973. On 6 October of that year, the Egyptian army mounted a shock assault on the Israeli occupied Sinai Peninsula. After initially losing ground, the Israeli army rapidly recovered, fighting back until a ceasefire was agreed on 25 October. The war, though relatively small, [...]
BA cabin crew deal in doubt after union changes its mind November 11, 2010 HOPES of an agreement between British Airways (BA) and its cabin crew faltered yesterday after the Unite union suspended a ballot on a deal offer from the airline. Last month, Unite said it would ballot staff on a new deal from BA which seemed to address the main area of conflict, the removal of travel [...]
BA cabin crew deal in doubt after union changes its mind November 11, 2010 HOPES of an agreement between British Airways (BA) and its cabin crew faltered yesterday after the Unite union suspended a ballot on a deal offer from the airline. Last month, Unite said it would ballot staff on a new deal from BA which seemed to address the main area of conflict, the removal of travel [...]
Euro worries push banks down, leave FTSE flat December 15, 2010 THE FTSE tipped up to 5897 briefly this afternoon but sank again to close flat at 5882, dogged by Eurozone worries and poor performances by the banks. Barclays was the top FTSE100 faller, down 3.7 per cent as worries resurfaced over European sovereign debt, caused by Moody’s announcement that it was reviewing Spain’s credit rating, [...]
BA seals alliance with American Airlines and Iberia September 29, 2010 British Airways, American Airlines and Spanish carrier Iberia have signed off on a long-awaited strategic alliance that will see them cooperate on flights between Europe and North America. “The joint business will launch this October,” British Airways said in a statement. “It will … enable the airlines’ alliance Oneworld to compete on an equal footing [...]
Cabin crew lose appeal against BA November 3, 2010 BRITISH Airways won the latest round in its bruising battle with cabin crew union Unite yesterday, after the Court of Appeal ruled that reductions in crew numbers were legal. The Court of Appeal upheld an earlier judgement from the High Court, which ruled that BA’s decision did not constitute a breach of contract. In November [...]
Flybe gears up for a stock market debut November 14, 2010 BUDGET airline Flybe is close to announcing an initial public offering (IPO) on the London stock market, sources familiar with the matter confirmed yesterday. Europe’s largest domestic airline by passenger numbers has hired Investec and Merrill Lynch to advise on the float, which could value the company at £200m according to a Sunday newspaper. Flybe [...]
Banks give FTSE a boost as pre-Christmas rally continues December 22, 2010 BRITAIN’S leading share index pushed higher yesterday, supported by gains from banks as reports China is ready to buy Portuguese bonds eased European debt concerns. At the close, the FTSE 100 was up 31.69 points, or 0.5 per cent, at 5,983.49, edging ever closer towards the 6,000 level last seen in June 2008. The blue [...]
Banks give FTSE a boost as pre-Christmas rally continues December 22, 2010 BRITAIN’S leading share index pushed higher yesterday, supported by gains from banks as reports China is ready to buy Portuguese bonds eased European debt concerns. At the close, the FTSE 100 was up 31.69 points, or 0.5 per cent, at 5,983.49, edging ever closer towards the 6,000 level last seen in June 2008. The blue [...]