BEST OF THE BROKERS June 23, 2010 BRITISH AIRWAYS Citigroup said that the pension deficit agreement at British Airways (BA) appears positive for the share price. Citi has given the airline group a “buy” rating and said that the agreed recovery plan takes into account the £2bn increase in the value of its pension assets since the deficit valuation date as of [...]
BEST OF THE BROKERS June 23, 2010 BRITISH AIRWAYS Citigroup said that the pension deficit agreement at British Airways (BA) appears positive for the share price. Citi has given the airline group a “buy” rating and said that the agreed recovery plan takes into account the £2bn increase in the value of its pension assets since the deficit valuation date as of [...]
BA given approval for transatlantic tie-ups July 21, 2010 BRITISH Airways has been given the green light approval to operate a joint business on transatlantic flights with American Airlines and Iberia. The US Department of Transportation gave the airlines the go ahead. BA and its partners will co-operate commercially on flights to the US, Canada and Mexico from the EU, Switzerland and Norway. BA [...]
THE TIPSTER July 28, 2010 AFTER an impressive run from 755p at the beginning of the month Antofagasta has managed to just pop above the 1,000p level but it looks like it might have just run out of steam leaving it unable to break the earlier high of the year, of 1,088p. Worldspreads’ current price for Antofagasta is 988p-991p. Despite [...]
Aerospace giants set to check in at Farnborough July 18, 2010 AEROSPACE firms will gather in Farnborough today to launch the industry’s largest trade show. Boeing kick-started the show yesterday with the highly anticipated arrival of its Dreamliner jet. The 787 carrier, which has suffered from crippling production delays, landed after a nine-hour flight from Seattle to an awaiting crowd just outside of London. Boeing’s Dreamliner [...]
BA agrees recovery plan for £3.7bn pension deficit June 22, 2010 BRITISH Airways has agreed a recovery plan for its £3.7bn pension deficit – removing a final obstacle to its planned merger with Spain’s Iberia. BA said it had reached a deal with the trustees of its Airways Pension Scheme (APS), which last December had a deficit of £1bn and its New Airways Pension Scheme (NAPS), [...]
EasyJet boosts its traffic in July as it flies more than five million passengers August 5, 2010 LOW-COST airline easyJet, which is in dispute with founder Sir Stelios Haji-Ioannou, said yesterday it flew 7.7 per cent more passengers last month than the previous year. During July, one of the busiest months for air travel, easyJet carried 5.02m passengers, an increase from the same period last year when it flew 4.66m customers. EasyJet [...]
Crew reject BA pay offer July 20, 2010 BRITISH Airways is facing the prospect of further strikes after cabin crew staff yesterday rejected a new pay offer made by the airline. Just under half of the 11,000 registered members of Unite, the union representing the crew, voted on the pay package with 3,419 standing against the offer, while 1,686 favoured it. BA called [...]
Northern Foods revenues slide July 13, 2010 Food manufacturer Northern Foods said sales fell in the first quarter of its fiscal year, reflecting its decision to pull out of low margin contracts. The company, which makes own-label products for retailers as diverse as premium food seller Marks & Spencer and discounter Aldi, said yesterday comparable sales were down 1.6 per cent in [...]
EU clears Iberia tie to BA July 14, 2010 BRITISH AIRWAYS (BA) has landed approval from European competition regulators to allow its merger with Iberia and joint venture with American Airlines (AA) to go through. The European Commission (EC) yesterday gave antitrust clearance to the airlines to launch the three-way partnership, which will include slot sharing in London and New York. Although the Department [...]