BA goes ahead with Gatwick plans following backing from unions November 9, 2021 British Airways (BA) is expected to go ahead with its plans to operate a short-haul subsidiary from Gatwick following accords with trade unions. Luis Gallego, chief executive of BA’s owner IAG, told Bloomberg Television that agreements were reached with pilots and flight attendants, leaving the company to negotiate only with ground staff – a secure enough [...]
Easyjet’s rising cost base could delay long-awaited share price takeoff May 18, 2023 Easyjet’s dreams of share price take off, caused by a recent uptick in demand, could be held back by soaring fuel costs and inflation as the airline saw group costs increase to £3.1bn this morning. The low cost carrier reported a revenue increase of 80 per cent to £2.7bn in its half year results, but [...]
Italian strike leads to more chaos in UK June 8, 2022 A strike called by Italian air traffic controllers has led to more chaos in the UK. Thousands of passengers were left stranded at British hubs after Ryanair, Easyjet, British Airways (BA) and Jet2 collectively cancelled dozens of flights from the UK to Italy. Easyjet axed 20 flights from Gatwick telling passengers it was doing “all [...]
Why Tenerife is the beacon of the Canaries May 27, 2022 THE WEEKEND: Many will have soaked up the sun in Gran Canaria, or had fun on the strip in Lanzarote. Tenerife, however, feels more abundant with five-star luxury. It is the only Canary Island to have Michelin Starred restaurants, for instance, with six stars spread across five eateries. WHERE? Home was the Ritz-Carlton Abama, a [...]
‘Britain is back in business’: Covid-19 tests for vaccinated travellers scrapped January 24, 2022 Fully vaccinated travellers flying into England will no longer require Covid-19 tests, Boris Johnson has confirmed. The government had been due to review the pandemic travel rules, amid calls from the aviation industry to cut curbs. Chief executives at Ryanair, Easyjet, British Airways, Virgin Atlantic and Jet2 have sought assurance from government today that it [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
City Moves: Who’s switching jobs in the Square Mile this week? December 2, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Heathrow Express Heathrow Express has appointed a new director and business lead, who rejoins after a three-year hiatus. Daniel Edwards previously led the Heathrow VIP commercial team before becoming head of retail categories. Edwards, who launched its [...]
The Notebook: Hunt must scrap the tourist tax if the UK wants to stay competitive January 29, 2024 Where the City’s movers and shakers have their say. Today, James Chapman, Director of Soho Communications, takes the Notebook pen. The tourist tax is causing the UK to fall behind European rivals Ahead of his Spring Budget, Chancellor Jeremy Hunt is casting around for measures to promote that most elusive of things, economic growth. It’s [...]
Chelsea’s bankers tell bidders to commit £1bn for club’s future March 26, 2022 Chelsea FC’s bankers have told those left in the race to acquire the team to commit at least £1bn to finance the club’s future. Former British Airways and Liverpool FC chairman Sir Martin Broughton as well as former Olympian Lord Coe feature among those making a play for the team. The bidders are expected to [...]
Glencore hit with investor lawsuit after bribery conviction October 10, 2022 Glencore is facing a class-action-style lawsuit in London's High Court, following its conviction for bribery earlier this year.