Tui offers £20 Covid tests for British holidaymakers May 6, 2021 Tui will offer British holidaymakers cut-price Covid tests following the government’s announcement earlier this week that vaccine passports would not be ready in time for the resumption of international travel. The British airline said it would slash the cost of mandatory PCR tests for travellers returning to the UK to £20 under new plans to [...]
Tech stocks lead gains on Wall Street July 23, 2021 US stocks opened up on Friday morning driven by a rally among megacap technology shares. The blue-chip S&P 500 rose 0.54 per cent during the opening session. The Dow Jones increased 0.41 per cent, while the tech-heavy Nasdaq was up 0.4 per cent. Investors piled into tech stocks after a string of strong earnings were [...]
US stocks rise on strong quarterly earnings July 21, 2021 US stocks rose during the open on Wednesday after investors were boosted by a string of strong company quarterly earnings. The blue chip S&P 500 rose 0.48 per cent, lifted by gains in cyclical stocks. The tech-heavy Nasdaq added 0.39 per cent, while the Dow Jones was up 0.69 per cent. Yields on 10-year US [...]
Air Europa lifeline loan may prove a headache for BA owner IAG November 3, 2020 Low-cost carrier Air Europa has become the first firm to tap the Spanish government’s new emergency funding pot for companies endangered by coronavirus. The airline, which is an acquisition target for British Airways owner IAG, will receive €475m in state-backed funding. A spokesperson for the government said that the package would comprise a €240m equity-backed [...]
Premier Oil swings to hefty loss in final results before Chrysaor merger March 18, 2021 Premier Oil swung to a $1.3bn pre-tax loss in its final set of results before its proposed merger with fellow North Sea firm Chrysaor completes. The FTSE 250 firm said that the loss was mostly driven by one-off charges, including $817m relating to the partial derecognition of Premier’s UK ring fence tax losses. It added [...]
Why Instagram can never ruin Santorini – the Greek island that has always welcomed hedonists August 1, 2022 We arrive in Santorini late evening, driving down dusky backroads en route to our destination, the Grace Hotel, part of the Auberge Resorts Collection and perched on the world famous caldera. At the village of Imerovgli, we make our descent, weaving down the cliff edge passing small-scale luxury hotels and yposkafa, cave-like dwellings with friends [...]
Twitter launches ‘tip jar’ to let users send money to favourite accounts May 7, 2021 Twitter has launched a new “tip jar” feature which will allow people to send money to others on the site. To begin with, only a select group of people will be able to receive tips, including journalists, experts and content creators. The social media giant says the feature is “an easy way to support the [...]
British Airways owner signs up for 200 Boeing jets, including the 737-Max model that is currently grounded worldwide June 18, 2019 Plane maker Boeing has landed a huge order from British Airways parent International Airlines Group (IAG) for 200 planes, as it looks to bring the fight to arch-rival Airbus at the Paris Airshow. IAG signed a letter of intent with Boeing for 200 737 aircraft to join its fleet. The mix of 737-8 and 737-10 [...]
Airline shares sink on new law threatening £5,000 fines for holiday travel March 23, 2021 Airline shares sink on new law threatening £5,000 fines for holiday travel
Ryanair expects to limit last year’s losses to £732m April 7, 2021 Ryanair said it believes losses in the last year will now be lower than previously expected, at between £689m and £732m, compared with previous guidance of around £100m more. The downgrade comes despite the company adding that travel restrictions and lockdowns over Easter, blaming the slow rollout in the EU of Covid-19 vaccinations, delayed any [...]