US stocks fall as Fed’s taper talk drags down tech shares June 17, 2021 Tech stocks dragged Wall Street lower today after the Fed hinted at tapering its stimulus sooner than expected, piling pressure on a sector that is vulnerable to higher interest rates. The tech-heavy Nasdaq fell by 0.25 per cent at the open, while the Dow Jones Industrial Average was down 0.1 per cent. Meanwhile, the S&P [...]
London markets whipsaw on Omicron curbs uncertainty December 21, 2021 A whipsawing in the likelihood of fresh restrictions to curb the spread of Omicron being imposed in England is generating wild swings on London markets. The capital’s premier FTSE 100 index closed 1.38 per cent higher today to reach 7,297.41 points, while the mid-cap FTSE 250 index, which is more aligned to the health of [...]
British Airways to fight data breach fine as parent company profits stay flat August 2, 2019 British Airways will “vigorously defend itself” against its £183m fine by authorities for a data breach in which more than 400,000 customers’ information was stolen. The airline this morning said it would use all means at its disposal to avoid the record-breaking penalty. Read more: British Airways owner set for record £183m fine after 2018 [...]
Visit Corfu in the glorious autumn to get closer to the island’s enchanting history September 5, 2022 The flight from Heathrow to Corfu soars above central Europe, then tracks the Adriatic coastline along the Balkans. Waiting to land at the airport beside Corfu Town, the plane circles the island, and looking out the window you’re well aware that you’re closer to Albania than to mainland Greece. The surrounding sea — a brilliant [...]
BA in ‘advanced’ talks over new Gatwick carrier September 7, 2021 The chief executive of British Airways has said that the airline is in “advanced” talks with its unions over the launch of a new low-cost carrier at Gatwick Airport. Speaking at an event at Heathrow, Sean Doyle said that BA wanted to set up a unit with a “competitive cost platform”. However, he warned that [...]
Ski holidays: Why ski touring is bucket list stuff for Alpine lovers January 9, 2023 Ski touring is a hugely popular activity in Austria, but one not widely embraced by the British skier. Understandable really, as with access to white mountains generally limited to a mere weeks’ holiday per year, most Brits prefer to stick to straight downhill skiing. As such, it’s a sport not particularly well understood and with [...]
World’s airlines face losses of nearly $50bn in 2021, IATA warns April 21, 2021 Global aviation body the International Air Transport Association (IATA) today warned that the world’s airlines could be facing combined losses of $47.7bn (£34.3bn) in 2021 due to Covid-19. Planes remain grounded around the world as travel restrictions continue to limit flying to a mere fraction of pre-pandemic levels. Although such a loss is a huge [...]
US-UK travel corridor talks hit roadblocks over surge in cases – report June 28, 2021 The chance of the UK and US opening an air “travel corridor” by the end of the summer is growing increasingly unlikely due to the rise in Covid-19 cases in Britain. Citing officials involved in the talks, the FT reported that negotiations between the two nations, which had started last week, were now likely to [...]
Norse Atlantic pushes first UK-US flights back to 2022 August 10, 2021 Norse Atlantic Airways has pushed back the date of its first flights to the first quarter of 2022, the new carrier said today, due to ongoing travel restrictions covering transatlantic routes. The airline, which launched earlier this year, said that it thought all 15 of its planes would be in service by summer 2022. Although [...]
End of Len McCluskey era: Unite union to get first woman leader today August 25, 2021 The giant Unite union is set to have its first female general secretary after a ballot to decide the successor to Len McCluskey. Voting papers will be formally counted today, but Sharon Graham, an assistant general secretary of the union, is expected to win. It is believed she has achieved a few thousand more votes [...]