WHAT THE OTHER PAPERS SAY THIS MORNING September 15, 2010 FINANCIAL TIMES BOND STRATEGY LED TO BIG WIN AFTER LEHMAN The collapse of Lehman Brothers and central banks’ unorthodox monetary policies distorted markets to create some of the biggest pricing anomalies ever documented in bond trading, according to research from leading US academics. A paper from the US National Bureau of Economic Research claims to [...]
Unite threatens fresh strike ballot as bullying feud ignites August 31, 2010 TENSIONS between British Airways (BA) and Unite were re-ignited yesterday over allegations of bullying as the trade union representing the airline’s cabin crew warned of a possible fresh wave of strikes to be held over the Christmas period. An unresolved dispute over bullying allegations made by the union and BA staff during the previous 22 [...]
BAA halves losses July 28, 2010 AIRPORT operator BAA halved its first-half losses, helped by lower one-off charges, as passenger numbers fell 4.5 per cent on disruption caused by a volcanic ash cloud and strikes by British Airways staff. BAA, which is owned by Spain’s Ferrovial, said its pre-tax loss narrowed to £279.7m as revenues climbed 2.2 per cent to £957.6m. [...]
BAA halves losses July 28, 2010 AIRPORT operator BAA halved its first-half losses, helped by lower one-off charges, as passenger numbers fell 4.5 per cent on disruption caused by a volcanic ash cloud and strikes by British Airways staff. BAA, which is owned by Spain’s Ferrovial, said its pre-tax loss narrowed to £279.7m as revenues climbed 2.2 per cent to £957.6m. [...]
FTSE rises on stimulus expectation October 6, 2010 BRITAIN’S top share index closed higher, at a fresh five month peak yesterday led by miners and energy issues as commodities rose on optimism governments will act to stimulate economies around the world. At the close, the FTSE 100 was up 45.63 points, or 0.8 per cent at 5,681.39, its highest close since 26 April. [...]
FTSE rises on stimulus expectation October 6, 2010 BRITAIN’S top share index closed higher, at a fresh five month peak yesterday led by miners and energy issues as commodities rose on optimism governments will act to stimulate economies around the world. At the close, the FTSE 100 was up 45.63 points, or 0.8 per cent at 5,681.39, its highest close since 26 April. [...]
CITY MOVES | WHO’S SWITCHING JOBS September 23, 2010 LCCI The London Chamber of Commerce and Industry has appointed British Airways boss Willie Walsh as its new president following an election at its annual meeting on Wednesday night. Walsh, 48, will serve for two years, until after the 2012 Olympics in London. He has been chief executive of BA since October 2005, having also [...]
Classic is best for Caribbean satisfaction October 14, 2010 CARIBBEAN hotspots come and go but Barbados is a sunny stalwart – a developed, cultured playground for the rich and famous (Simon Cowell, Cliff Richard and Andrew Flintoff all have properties here), as well as for more humble folk. Yet despite its stability as a British favourite for homes and holidays in the sun (80 [...]
Hicks’ Liverpool buyout hit by refinancing blow September 20, 2010 LIVERPOOL’S future is mired in uncertainty once again today after co-owner Tom Hicks’s attempt to refinance his debt and take full control of the club collapsed. GSO Capital Partners, the debt restructuring arm of private equity group Blackstone which had discussed loaning Hicks £280m, is thought to have walked away from talks with the American. [...]
Budget airlines fly a higher number of August passengers September 6, 2010 A HIGHER number of travellers are turning to budget airlines easyJet and Ryanair according to August passenger figures published by the two carriers yesterday. The figures indicate a general move by air passengers towards low cost airlines, as each posted an increase in passenger numbers last month. EasyJet said yesterday that it carried 5.2m passengers [...]