BMI to start flights to Libya in December September 23, 2010 UK airline BMI is to launch a daily service from London to Tripoli from 1 December 2010, it said yesterday, in a possible sign of thawing UK/Libyan relations Until now British Airways was the only UK airline to operate a route to Libya, with flights to Tripoli beginning in1999. BMI will operate flights from?Heathrow with [...]
FTSE 100 slips on financials’ exposure to Ireland’s debts November 11, 2010 FINANCIALS pressured Britain’s top share index yesterday as concerns over Royal Bank of Scotland’s exposure to Ireland’s debt troubles weighed on the bank, and ICAP fell after a downgrade from BofA Merrill Lynch. Weakness among financials offset gains in commodity-linked assets, which rallied after strong data from China, the world’s biggest consumer of raw materials, [...]
BA jumps last Iberia hurdle September 22, 2010 IBERIA has approved British Airways’ (BA) plan to tackle its £3.7bn pension deficit, removing the last remaining hurdle to their merger plans. The decision was made by Iberia’s board, which met yesterday to decide whether it should approve the proposals set out by BA chief executive Willie Walsh. Iberia’s decision means the merger plans, which [...]
Unique British Airways crash was caused by ice February 9, 2010 AN ice-related technical fault which caused a Boeing 777 to crash-land on the perimeter of Heathrow Airport two years ago was “unrecognised” by aircraft safety procedures at the time. The Air Accidents Investigation Branch (AAIB) said the British Airways jet was forced to ditch after it lost power because of an engine fuel-flow blockage. The [...]
FTSE 100 hits six-month high on US and European results October 21, 2010 Britain’s leading shares surged to a six-month closing high yesterday, led by miners, as UK investors were buoyed by strong earnings in the US and Europe, but TUI Travel fell after reporting accounting errors. Europe’s largest travel firm TUI Travel slumped more than 11 per cent after it revealed its finance chief would quit and [...]
FTSE 100 hits six-month high on US and European results October 21, 2010 Britain’s leading shares surged to a six-month closing high yesterday, led by miners, as UK investors were buoyed by strong earnings in the US and Europe, but TUI Travel fell after reporting accounting errors. Europe’s largest travel firm TUI Travel slumped more than 11 per cent after it revealed its finance chief would quit and [...]
TONIGHT WILL BE A NIGHT FOR HEARTY CELEBRATION October 27, 2010 THIS evening will see 450 guests in their finery roll up at the Grange hotel at St Paul’s, as City A.M. proudly hosts its first ever awards ceremony honouring the UK’s business stars and City luminaries. The award winners will come from a diverse range of sectors, from investment to retail banking, fund management and [...]
THE TIPSTER October 27, 2010 THE Bank of Japan (BoJ) is expected to make its interest rate decision tomorrow and investors will be looking for signs of further intervention to weaken the yen. Recently the dollar-yen looks like it has reached an area of support around the 15-year low of ¥80.00. Considering that the market is speculating that there will [...]
Liverpool chiefs know nothing about football, blasts Benitez September 21, 2010 FORMER Liverpool boss Rafael Benitez has launched a scathing attack on his previous employers, claiming they “understood nothing about football”. The Spaniard, right, had a strained relationship with American co-owners Tom Hicks and George Gillett before leaving the club in the summer after six years to join Inter Milan. Now Benitez has lifted the lid [...]
Liverpool chiefs know nothing about football, blasts Benitez September 21, 2010 FORMER Liverpool boss Rafael Benitez has launched a scathing attack on his previous employers, claiming they “understood nothing about football”. The Spaniard, right, had a strained relationship with American co-owners Tom Hicks and George Gillett before leaving the club in the summer after six years to join Inter Milan. Now Benitez has lifted the lid [...]