Nasdaq hits record high as Wall Street rally continues June 23, 2021 US stocks rose today as the Nasdaq hit a record high after Fed officials calmed fears of a sharp tapering of monetary stimulus. The Dow Jones Industrial Average and the benchmark S&P 500 both gained 0.1 per cent at the open. Meanwhile, the tech-heavy Nasdaq advanced by 0.2 per cent to open at a record [...]
Bring in airport testing by end of the month or risk ‘ruin’, airline bosses warn September 10, 2020 The bosses of the UK’s largest airlines have called on the government to implement an airport testing regime by the end of the month, warning that the country risks “economic ruin” otherwise. In a letter to Boris Johnson, the chief executives of British Airways, Easyjet, Ryanair, Virgin Atlantic, and Tui, among other, said that the [...]
BA pilots urged to accept pay cuts by union to save jobs July 23, 2020 Pilots union Balpa has advised members at British Airways (BA) to accept conditions that might avert 1,255 job losses, saying the new deal is “the best that can be achieved in the circumstances”. The union has been in negotiations with the UK’s flag carrier for almost three months, and said it was devastated that there [...]
Heathrow Airport operating at a fifth of normal levels September 23, 2020 The boss of the UK’s largest airport has said that Heathrow is operating at 15 to 20 per cent of its normal levels for this time of the year. Speaking at today’s World Aviation festival, which is being held virtually, John Holland-Kaye reassured listeners that demand would return despite the current downturn in traffic. He [...]
Saudi Arabia could replicate Dubai as a ‘playground for everyone’, says Riyadh Air boss June 11, 2023 The British chief executive of Saudi Arabia’s major new airline said on Sunday that the country could become a “playground for everybody” and replicate Dubai’s social and economic liberation, despite ongoing criticism over human rights abuses and corruption. In an interview with the Telegraph, Riyadh Air’s CEO Tony Douglas, a former boss of Etihad Group [...]
Wall Street and European markets cheer highly effective Moderna vaccine November 16, 2020 Wall Street indexes followedthe FTSE 100 and indexes in the rest of Europe higher after more good news in the search for a Covid-19 vaccine
UK fundraising hits ten-year high as listed companies scramble for cash January 4, 2021 Fundraising by London-listed businesses reached its highest level in a decade last year as the pandemic drove companies to raise money on public markets. 2020 saw the value of secondary equity raisings on the London Stock Exchange nearly double from £14.5bn in 2019 to £8.8bn in 2020, according to new research by Pinsent Masons. In [...]
Breaking: IAG to consult on up to 12,000 redundancies April 28, 2020 British Airways owner IAG tonight announced plans to consult on as many as 12,000 redundancies as Covid-19 continues to wreak havoc on the aviation sector. “In light of the impact of COVID-19 on current operations and the expectation that the recovery of passenger demand to 2019 levels will take several years, British Airways is formally [...]
Wall Street dragged down by sinking Amazon shares July 30, 2021 US stocks fell sharply on Friday morning driven by shares in Amazon sinking after the EU slapped the firm with a record fine. The blue-chip S&P 500 dropped 0.51 per cent, while the Dow Jones and the Nasdaq 0.36 per cent and 0.66 per cent respectively. Shares in Amazon sunk as much as 7.1 per [...]
England prop Kyle Sinckler named in Barbarians team for Fiji clash at Twickenham May 21, 2024 The fixture on 22 June, which is part of a double-header that sees South Africa take on Wales beforehand.