Stocks set to edge higher after G20 finance pact October 24, 2010 The opening call this morning is for stock markets to trade higher following news at the weekend of an agreement being reached between the G20 finance ministers at their meeting in Seoul, to refrain from the “competitive devaluation” of their currencies. GFT is quoting the FTSE 100 index to open up 20 points from Friday’s [...]
Business air travel boost benefits BAA October 27, 2010 A BOUNCE-BACK in business travel helped BAA to shrink its losses at Heathrow and Stansted, although the UK airport operator warned of a possible impact next year from spending cuts. BAA also echoed British Airways in urging simplified security at UK airports, saying some measures inconvenienced passengers. BAA said underlying traffic at Heathrow hit a [...]
Defence boss to take over at water firm November 22, 2010 WATER group United Utilities is recruiting the boss of a subsidiary of Italian helicopter and aircraft maker Finmeccanica to replace outgoing chief executive Philip Green. United, which provides water and sewage services to about 7m people in north-west England, said Steve Mogford will become chief executive on 31 March when Green steps down. Mogford is [...]
HAYWARD: THIS YEAR’S HIGHEST PROFILE CEO December 6, 2010 CAUSE for former BP boss Tony Hayward to take comfort from the old adage, “all news is good news” – if he can. Data from media analysis firm Sweet & Maxwell reveals that he was the most high profile FTSE 100 chief executive in the last year. The beleaguered Hayward, who was banished from BP [...]
HAYWARD: THIS YEAR’S HIGHEST PROFILE CEO December 6, 2010 CAUSE for former BP boss Tony Hayward to take comfort from the old adage, “all news is good news” – if he can. Data from media analysis firm Sweet & Maxwell reveals that he was the most high profile FTSE 100 chief executive in the last year. The beleaguered Hayward, who was banished from BP [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2010 FINANCIAL TIMES INVESTOR IRE OVER SIG CHIEF’S PAY Investec Asset Management has hit out at the board of SIG for ignoring investor outcry about the amount its chief executive is being paid. Investec, which owns 3.3 per cent of the Sheffield-based insulation and plasterboard maker, has written a letter to SIG to protest against a [...]
Rolls-Royce gets new chief September 30, 2010 BRITISH engine maker, Rolls-Royce has confirmed that the Royal Ahold boss is to become new chief executive as Sir John Rose prepares to retire. John Rishton, who is currently chief executive at the Dutch supermarket group, will take up the post next March when Rose stands down. Rose will leave Rolls-Royce after 26 years, of [...]
Strike threat recedes as BA nears union deal October 11, 2010 BRITISH Airways and the union representing its cabin crew are moving closer to a peace deal, with a branch of the union claiming a deal could be reached as early as this week. “We did have talks with BA and conciliation service Acas last Friday, we did make some progress and we hope to reconvene [...]
BA cuts ground staff deal September 13, 2010 British Airways ground staff at Heathrow airport have accepted a settlement in a long-running dispute over pay and staffing levels, the GMB and Unite unions said yesterday. The deal, which covers 2,850 staff, will see the reduction of 500 jobs by March 2011, more flexible working conditions and the introduction of a one-year pay freeze.
BEST OF THE BROKERS September 7, 2010 BRITISH AIRWAYS UBS expects that British Airways’ (BA’s) strong yield recovery will continue until the end of the year after the airline showed a strong yield delivery in the first quarter, up 13.5 per cent, and surpassing European rivals. UBS said that BA is trading well post its year-end results and continues to rate the [...]