Heathrow passengers ‘pay higher fares’ thanks to British Airways dominance September 12, 2019 Heathrow passengers could be paying as much as 10 per cent more on fares because they lack an alternative to flying with British Airways, a new study has found. British Airways’ parent company IAG currently operates over half of all take-off and landing slots at Heathrow. The next largest groups are Lufthansa, which controls eight [...]
Virgin Atlantic in fresh broadside against British Airways owner over Heathrow slots October 17, 2019 A war of words between two of Britain’s two biggest airlines over take-off and landing slots at Heathrow escalated further this morning, as Virgin Atlantic’s boss launched a fresh salvo against the dominance of British Airways owner International Airlines Group (IAG) at the airport. Shai Weiss, Virgin Atlantic’s outspoken chief executive, revealed he had set [...]
Markets live: FTSE 100 and US stocks soar as vaccine optimism builds July 15, 2020 The FTSE 100 doubled its gains on Wednesday as investor optimism about a coronavirus vaccine grew stronger, also fuelling US and European stocks. London’s blue-chip index climbed as high as 6,241 as it opened trading this morning, following positive trial results of a Moderna vaccine. By 1.30pm the FTSE 100 was up 2.07 per cent [...]
Major breakthrough in Iran: Nazanin Zaghari-Ratcliffe gets passport back as UK negotiators land in Tehran March 15, 2022 A British negotiating team is in the Iranian capital to discuss the case of Nazanin Zaghari-Ratcliffe while the British-Iranian mother has had her passport returned, her local MP has said. Mrs Zaghari-Ratcliffe has been detained in Iran since her arrest in 2016 on charges of plotting to overthrow the government – allegations she has always [...]
Brokerage giant TP ICAP unveils new City headquarters in Broadgate September 26, 2018 The world’s largest interdealer broker has revealed plans this morning to move into a major new City headquarters in Broadgate, in an effort to house all of its brokers under one roof following the firm’s merger in 2016. TP ICAP will take up four floors of 135 Bishopsgate in a leasing that will see [...]
Tata chairman throws doubt over future of Port Talbot steelworks January 5, 2020 Port Talbot steelworks is facing fresh questions over its future as it heads into 2020, after the chairman of Tata Steel called for the plant to become “self-sustaining”. The biggest steel manufacturing base in the UK made losses of more than £370m last year, leading Natarajan Chandrasekaran to question whether his parent firm could keep [...]
Introducing hemp, the UK’s secret green gold mine that could help save the planet December 19, 2019 It is with relief that I have been witnessing climate issues rise up the agenda for consumers, businesses, and politicians alike in 2019. In the General Election, the main parties all put forward their most ambitious, forward-thinking environmental policies ever. However, a big part of the solution may lie in past practices. I’m talking about [...]
Intu shares soar nearly 30 per cent on John Whittaker takeover rumours October 5, 2018 Shares in property group Intu have rocketed nearly 30 per cent on rumours of a possible takeover from a consortium led by John Whittaker's Peel Group. The other investors led by the British billionaire include Canada's Brookfield Asset Management and Saudi Arabia's Olayan Group. Intu owns some of the UK's most well-known shopping centres, including the Trafford Centre [...]
Airline bosses say worst is yet to come as more flights cancelled on coronavirus fears March 3, 2020 Airline bosses have warned that the worst is yet to come for the industry after coronavirus fears saw passenger demand slump, with carriers cutting flights to locations round the world. Speaking at an industry conference in Brussels, outgoing IAG boss Willie Walsh said that there had been “a very significant fall-off in demand” in Italian [...]
Revealed: The best and worst airlines of 2019 December 19, 2019 British Airways will feel the pressure as it freefalls to a spot alongside the nation’s worst flyers, above only Ryanair and American Airlines, according to a survey by consumer magazine Which. It is a fast fall from grace for the company that topped the tables in 2015 as strikes, IT failures and mass cancellations have [...]