Liverpool FC up for sale under Broughton April 16, 2010 BRITISH Airways’ head Martin Broughton has been appointed as the new chairman at Liverpool FC, as the club’s owners confirmed that it is up for sale. He will help owners Tom Hicks and George Gillett find buyers for the club at the right price. Meanwhile Barclays Capital has been retained by the Americans to lead [...]
Company pensions back in the black April 13, 2010 PRIVATE sector final salary pension schemes have moved into the black for the first time in almost two years on the back of rising equity markets and changing liability calculations. The 7,400 pension schemes run by UK companies had a combined surplus of £300m at the end of last month, up from a hole of [...]
The elegant side of the Balearics June 20, 2010 THERE is so much more to Mallorca than sun, sea and the late-night drunken menace of us Brits in Magaluf. The largest of Spain’s Balearic Islands, the 3,275 sq km atoll has mountains, lush vegetation and close to 100 sandy beaches, many of which are secluded because they are up to half an hour’s walk [...]
Virgin in price fixing inquiry April 22, 2010 SIR Richard Branson’s Virgin Atlantic has said it will “robustly defend” itself against accusations of price fixing by the Office of Fair Trading (OFT). The competition watchdog alleges, Virgin Atlantic and Cathay Pacific may have illegally co-ordinated prices for passenger flights between London and Hong Kong. The body said it had issued a statement of [...]
VOLCANO CHAOS | AIRLINE UPDATES April 18, 2010 RYANAIR Ryanair has cancelled all Northern European flights until 1pm on Wednesday. It will continue to operate domestic flights throughout Southern Europe. easyJet.com All flights to and from Northern Europe, including the UK, are cancelled this morning until 1pm. easyJet will continue to operate a limited number of flights in Southern Europe. BRITISH AIRWAYS Flights [...]
BA loses up to £45m in strike April 7, 2010 BRITISH Airways has said that last month’s cabin crew strike cost the company up to £45m. The company said in its traffic statement for March, it said that the action hit passenger numbers as scores of flights were grounded. However, BA said it managed to operate 79 per cent of long-haul flights and 58 per [...]
Relief as UK flight ban ends April 20, 2010 ALL UK airports re-opened last night after the Civil Aviation Authority (CAA) decided to remove restrictions on airspace. The first British Airways flight landed at Heathrow around 10pm, spelling an end to the six day ban on flying. The announcement came after experts reassessed the risk to planes from volcanic ash. The CAA said that [...]
OFT immunity policy means truth unclear April 29, 2010 JURORS trying the case of four senior British Airways executives, including one from London, who are alleged to have taken part in a price-fixing cartel with Virgin Atlantic, have been warned that the prospect of immunity may taint the evidence of Virgin staff. The court heard yesterday that Virgin Atlantic had received immunity from the [...]
UK Plc hit by series of PR disasters May 31, 2010 THESE are dark days for some of Britain’s flagship firms. Three of our corporate giants are floundering: British Petroleum, whose inability to stem the spill off the US coast is now in the realm of the preposterous; British Airways, which is being crippled by the actions of a minority of deluded and self-destructive strikers; and [...]
Amadeus IPO sees success at €11 a share April 27, 2010 Travel reservations firm Amadeus last night shrugged off a fickle listings market and closed books on a €1.36bn (£1.18bn) initial public offering (IPO) with the sale four times oversubscribed. The IPO priced at €11 per share, above the midpoint of the price range which was set at €9.2 to €12.2 per share when it was [...]