Network Rail staff to strike March 25, 2010 BRITAIN’S railways are set to descend into chaos in the four days immediately after Easter, after rail union RMT yesterday called a crippling national rail strike for the first time in 16 years. Strikes are set to go ahead on each of four days between 6am and 10am and between 6pm and 10pm, starting on [...]
CITY PHILANTHROPISTS LURED BY PROMISE OF SOME GOLDEN EGGS May 18, 2010 OFF to the Merchant Taylors Hall on Threadneedle Street yesterday for what has become a stalwart of the City’s calendar – the annual Gulls’ Eggs lunch. This year marked the 22nd anniversary of the affair, which has traditionally used the excuse of what must be the shortest season of any earthly foodstuff to bring hundreds [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 4, 2010 FINANCIAL TIMES PAULSON ASSURES INVESTORS OVER GOLDMAN FALLOUT John Paulson, whose hedge fund profited from the transaction at the heart of the civil fraud charges filed in the US against Goldman Sachs, has pledged to his investors that he will bear the costs of any litigation brought against his company in the matter. Mr Paulson’s [...]
THE TIPSTER April 5, 2010 AIRLINE British Airways has been beset by strikes over the past week or so but it releases traffic figures tomorrow. Investors will be eager to hear how the strikes have affected passenger numbers. The share price has remained resilient in the face of the strikes with many employees helping to keep the airline flying, but [...]
Brown: BA strike can still be averted March 17, 2010 GORDON Brown has said that a last-ditch agreement to avert a BA cabin crew strike is possible. The Prime Minister told parliament that the planned walkout – starting this weekend – was avoidable. He said: “What we need to do is to get the unions and the management to talk to each other. “I have [...]
BA turns to old staff to cover strike February 10, 2010 British Airways yesterday asked staff whose temporary contracts expired last year to cover expected upcoming strike action. Former staff have been offered six month contracts worth £1,000 a month with an additional £2.40 an hour flying allowance. The staff would have to undergo a week long refresher course that would begin on 22 February. BA’s [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 22, 2010 FINANCIAL TIMES MOD TALLIES COST OF CUTTING PROJECTS The Ministry of Defence has instructed its equipment managers to calculate the cost of cancelling all individual programmes in the latest sign of the budget squeeze it faces. The directive, issued in the past two weeks, underlines that no programme, even if under contract with industry, is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2010 FINANCIAL TIMES TOTAL CHIEF STILL KEEN ON UAE DESPITE SETBACKS Total, the French oil company, is looking to invest in the United Arab Emirates’ nuclear industry despite having been part of a consortium that lost the $20.4bn contract to build the country’s reactors. The loss to a Korean consortium, led by Korea Electric Power Corp [...]
Third strike to be called by BA crew March 28, 2010 AIR passengers could face a third set of travel disruptions next month if British Airways (BA) and trade union Unite do not come to an agreement. Unite said that after the completion of the strike this weekend, the union will be in a position to call a further strike period after the Easter holidays. A [...]
Iberia bets on BA merger as it reveals record losses February 25, 2010 SPANISH airline Iberia posted a record operating loss yesterday, hit by declining air travel and underscoring challenges facing the industry as the airline seeks shelter in a merger with British Airways. “This market has changed for good. Traditional airlines as we know them will disappear, but we’re not crying here,” Iberia chairman Antonio Vazquez said. [...]