BA merger is a wake-up call for London November 12, 2009 CONGRATULATIONS to Willie Walsh, British Airways’ chief executive, for having pulled off a better than expected deal in his merger talks with Iberia. BA shareholders will own 55 per cent of the new company, while Iberia’s will hold 45 per cent; that is better than the 53-47 per cent split many had expected. Even though [...]
THE TIPSTER BAINTERIMS WILL CLARIFY ITS POSITION October 4, 2009 SHARES in Legal & General fell by more than 5 per cent on Friday after National Australia Bank moved to dampen talk of a takeover bid. The firm’s share price had risen to highs of the year of more than 95p before the fall. Will the price drop lower? ShortsandLongs.com has a rolling spread of [...]
BA in threat to the Tories September 30, 2009 LOSS-MAKING flag carrier British Airways (BA) yesterday said it would be forced to significantly scale back flights at Heathrow if the government scraps plans to build a third runway at the hub airport. The Conservatives have said they are committed to calling off Labour’s plans for an extra runway at the airport if they win [...]
BA in threat to the Tories September 30, 2009 LOSS-MAKING flag carrier British Airways (BA) yesterday said it would be forced to significantly scale back flights at Heathrow if the government scraps plans to build a third runway at the hub airport. The Conservatives have said they are committed to calling off Labour’s plans for an extra runway at the airport if they win [...]
Stars and spas in California’s flashy south January 10, 2010 THE Southern California sunshine danced on the ocean off Newport Beach as we stepped aboard the boat where we would be eating our lunch. We opened the champagne, tucked into the picnic, and took it in turns at the helm to guide the boat, silent as a whisper around the bay. This was a brilliant [...]
Political polling produces instant public response October 6, 2009 THE big news here in Manchester is “daily polling”. Well, maybe that’s an exaggeration, but never before have we seen the effect of the sound and fury at the party conferences producing, almost instantly, accurately recorded public response. The chart shows how Gordon Brown’s speech led to a very slight uplift, which disappeared the next [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 1, 2009 FINANCIAL TIMESFORD SELLS AUSTRALIAN LOAN BOOK TO MACQUARIEFord, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit Australia’s retail car finance market after selling a A$1bn (US$874m) motor loan portfolio to Macquarie Group. The Australian investment bank is expanding its presence in the sector as well as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 1, 2009 FINANCIAL TIMESFORD SELLS AUSTRALIAN LOAN BOOK TO MACQUARIEFord, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit Australia’s retail car finance market after selling a A$1bn (US$874m) motor loan portfolio to Macquarie Group. The Australian investment bank is expanding its presence in the sector as well as [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]
WINTER OF DISCONTENT October 8, 2009 BRITAIN is facing a “winter of discontent” with strikes looming at Royal Mail, British Airways, Irish carrier Aer Lingus, and electronics giant Fujitsu. Staff at Royal Mail yesterday voted three to one in favour of a national strike, which is set to bring misery to businesses over the Christmas period, while costing London hundreds of [...]