Betting on merger deals demands nimble trading September 6, 2010 WITH global mergers and acquisitions (M&A) on the rise and 2010 already being hailed as a blockbuster year, it might seem easy to benefit from sudden equity gains on the back of deals. But despite the impressive stock swings in response to M&A news, traders should be wary. Betting on deals that might not happen [...]
Betting on merger deals demands nimble trading September 6, 2010 WITH global mergers and acquisitions (M&A) on the rise and 2010 already being hailed as a blockbuster year, it might seem easy to benefit from sudden equity gains on the back of deals. But despite the impressive stock swings in response to M&A news, traders should be wary. Betting on deals that might not happen [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 16, 2010 FINANCIAL TIMES VODAFONE BALKS AT BEING FORCED SELLER Vodafone’s chief executive has warned that he will not be “forced” into selling the UK group’s minority stakes in four mobile phone operators. Vittorio Colao insisted that the sale this month of Vodafone’s 3.2 per cent stake in China Mobile for £4.3bn ($6.7bn) was not done in [...]
BAA passenger numbers hit by strike July 12, 2010 BAA has said the number of passengers using its airports fell in June because of disruption sparked by the BA cabin crew dispute. Passenger numbers in BAA’s airports fell 1.7 per cent compared with June 2009. BAA said that without the strike it would have expected traffic to have been at the same levels as [...]
CITY VIEWS: ARE BRITISH AIRWAYS’ STAFF RIGHT TO STRIKE? December 14, 2009 BOB AYERS | BULLIVANT & PARTNERS “The timing to strike over the Christmas period could not be more cruel. I really can’t understand why the staff have decided to strike bearing in mind BA’s dismal performance. It will damage the company, no doubt, and striking staff are unlikely to achieve much.” STUART PHILLIMORE | ROYAL [...]
No bids yet but that’s okay, says chairman Broughton July 1, 2010 LIVERPOOL chairman Martin Broughton says there have no been no bids for the club yet but still hopes a sale will go through by the end of August. The Reds’ American co-owners Tom Hicks and George Gillett officially put the club on the market in May, with British Airways chief Broughton tasked with overseeing the [...]
Pay deal averts BAA strike pain August 16, 2010 FEARS of travel chaos over the busy Bank Holiday faded last night after airport operator BAA secured a last-ditch pay deal with unions, who agreed to call off planned strikes. In a dramatic climbdown, Unite said it would urge workers at Heathrow, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen airports to accept a “much improved” pay [...]
Hammond: We’ll build Crossrail June 15, 2010 TRANSPORT secretary Philip Hammond yesterday said the government would deliver the Crossrail project in its entirety. There had been concerns the coalition would scrap some stations as it grapples with a massive budget deficit. But speaking in an exclusive interview with City A.M., Hammond said he had no plans to reduce the scope of the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2010 FINANCIAL TIMES OSBORNE PLANS TREASURY STAFF CUTS George Osborne is planning to cut staff numbers at the Treasury by about one-quarter and scale back his department’s role as he attempts to lead by example in the search for sweeping spending cuts across Whitehall. The chancellor will reconvene the public spending “star chamber” this week and [...]
BA warns of a move to Madrid June 10, 2010 British Airways has threatened to expand in Madrid instead of Heathrow once it merges with Spanish flagship carrier Iberia. Willie Walsh told the Financial Times that “growth is not going to go away”. The government confirmed in May it would not allow new runways at several UK airports.