Former IAG boss Willie Walsh to become IATA chief exec November 23, 2020 Willie Walsh, the outspoken former boss of British Airways-owner IAG, is set to become the head of global aviation body IATA. The Irishman stepped down from his role as chief executive of the European carrier group in September. He had been meant to leave in the spring, but agreed to carry out to shepherd IAG [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
Markets: Wall Street slips from record levels April 19, 2021 Major U.S. stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities. Tesla was the biggest drag on the S&P 500 and the Nasdaq, with the electric-car maker down three per cent after a Tesla vehicle, which was believed to be operating [...]
PwC buys mindfulness app for all staff amid coronavirus crisis November 6, 2020 Audit giant PwC has bought a 12 month subscription to a mindfulness app for all 22,000 staff across the UK business. City AM understands the chosen app is ‘Headspace’, a mobile app that aims to help users feel less stressed through a combination of meditation, mindfulness and better sleep. In a note to all partners [...]
FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
EU will allow UK tourists with vaccine as Johnson says no holidays to Spain or France May 21, 2021 EU will allow UK tourists with vaccine as Johnson says no holidays to amber list countries Spain and France
P&O Ferries to cut 1,100 jobs May 11, 2020 P&O Ferries today said it will cut 1,100 jobs after demand for travel was hit by the coronavirus pandemic. The ferry operator said it has started consultations “with a proposal to make around 1,100 of our colleagues redundant.” A spokesperson for P&O Ferries said: “Since the beginning of the crisis, P&O Ferries has been working [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
IAG secures Spanish bank loans for Iberia and Vueling despite BA job cuts May 1, 2020 International Airlines Group (IAG) this morning announced it had secured over €1bn (£880m) in Spanish bank loans for its Iberia and Vueling carriers, a day after announcing 12,000 job cuts at British Airways (BA). The loans, which will be guaranteed by the Spanish state bank, will see Iberia receive $750m and Vueling $260m to see [...]
FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals January 25, 2021 FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals