HSBC becomes Emma Raducanu’s eighth blue chip sponsor on eve of Wimbledon June 16, 2022 HSBC has become the latest blue chip brand to join British tennis star Emma Raducanu’s stable of sponsors. Raducanu, who shot to fame by winning the US Open in September, has agreed a four-year with the international banking group. “To partner with HSBC is so natural for me having grown up playing in the HSBC [...]
BA axes ANOTHER 1,500 flights over summer period to cope with travel mayhem July 5, 2022 British Airways (BA) is axing an additional 1,500 flights this month to guarantee smoother operations amid the ongoing travel mayhem. The airline today trimmed its cancellation forecasts by 1 per cent, after in May it announced it was reducing its April to October schedule by 10 per cent, around 8,000 flights. “As the entire aviation [...]
London City Airport rolls out ambitious expansion plans but no mention of resurrection of Silvertown line or NYC flights July 4, 2022 London City Airport has published details of its proposed expansion plans backed up by a 10-week consultation process. No mention is given to the potential resurrection of the old North London Line Silvertown for London City station which the new Elizabeth Line passes by, nor the possibility of non-stop flights from LCY to JFK (New [...]
The Notebook: Falling fares spell trouble for airlines while Big Tech set for monster quarter July 24, 2024 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor, with the pen, talking airline stocks, Big Tech earnings season and her summer listening picks Turbulence at Ryanair, BA and Easyjet Airline stocks are having a turbulent time. Just on Monday, shares [...]
CAA board member steps down over IAG conflict of interest March 22, 2022 A member of the Civil Aviation Authority (CAA) was forced to step following a conflict of interest, the aviation regulator announced yesterday. A former British Airways’ (BA) director of engineering, Garry Copeland resigned after a CAA audit of the members’ financial interest found he was holding some shares in BA’s parent company IAG instead of [...]
37 per cent of flights delayed last year – but London’s Heathrow, Gatwick and Luton airports not worst offenders March 22, 2023 More than a third of flights to and from UK airports last year were delayed, new figures show. The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022. That is up from 17 per cent in both of the preceding two years and 25 [...]
Ryanair boss Michael O’Leary: We will grow stronger in a recession August 30, 2022 Ryanair’s chief executive Michael O’Leary said the airline will grow stronger amid the UK’s predicted recession. The low-cost carrier said that people will not stop travelling altogether, but they will shy away from more expensive fares put forward by competitors. “People in a recession will get much more price sensitive,” O’Leary told reporters today during [...]
Chelsea takeover battle: Broughton and Coe gain favour within government March 19, 2022 Sir Martin Broughton and Lord Coe’s takeover bid for Chelsea has received a warm welcome from within the government, it has been reported. Broughton and Coe are heading a consortium endeavouring to buy Chelsea after sanction-hit owner Roman Abramovich was forced to slash ties with the club. Treasury officials are to review the preferred bidder [...]
Bank Holiday: Around 900 flights cut since July August 26, 2022 Around 900 flights for the upcoming Bank Holiday weekend have been cut from flight schedules since July. UK flights planned for 26 to 30 August were 14,030 with an estimated 2.4 million seats on 1 July but data recently released by aviation analytics firm Cirium shows that numbers went down by 6.4 per cent. Compared [...]
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]