United Airlines warns 14,000 staff could be stood down without pay January 29, 2021 United Airlines has warned some 14,000 employees could be stood down without pay when a second round of payroll support for airlines in the US expires on 1 April. The Chicago-based airline recalled 13,000 employees from furlough – a term in the US that means a mandatory suspension without pay – when the fresh payroll [...]
UK’s economic reopening takes off as Europe lags further behind April 7, 2021 Friday’s bumper US payrolls report saw both the DAX and Stoxx600 post new record highs yesterday, following on from similarly record sessions in the US on Monday, and while the FTSE100 continues to lag behind, the FTSE250 was still able to close within touching distance of a record close. China and the US aside, which [...]
Cuadrilla seeks permission to keep fracking until 2021 August 5, 2019 Cuadrilla will apply for permission to continue work at the UK’s most advanced fracking site as the industry seeks a way forward despite regulation it claims is stifling business. Chief executive Francis Egan will ask Lancashire County Council to let the firm continue for another 18 months on top of the current period. Read more: [...]
Weekend Read: Ailing business investment will dampen the economy’s post-Covid prospects August 21, 2021 The good pandemic-related news continued to emerge last week. Latest figures from the Office for National Statistics shows output jumped 4.8 per cent in the second quarter of this year, driven by the lifting of Covid restrictions on sectors that rely on face-to-face and social contact to generate income. The services industry – which accounts [...]
Lockdown easing dawns on Bitcoin’s revolution April 9, 2021 City AM columnist Monty Munford examines if life will dramatically change after this weekend, and what it means for Bitcoin.
David Haggerty interview: ITF president on revamping Billie Jean King Cup and Davis Cup Finals, anti-vaxxers, Osaka, domestic abuse and Raducanu November 1, 2021 Eighteen months later and in a different location than planned, the first Billie Jean King Cup Finals finally begins today. The tournament formerly known as the Fed Cup has been rebranded in tribute to the trailblazing former world No1 and reformatted to create a climactic week-long finale that mirrors the new-look Davis Cup, itself taking [...]
How long can Russia withstand the sanctions? April 12, 2022 In response to its invasion of Ukraine, Russia has been targeted with severe economic sanctions. How impactful will they be? We have yet to see a serious, data-driven analysis. Some predict the embargo will initiate a Russian financial collapse very quickly, while others expect it will constitute more of a long and slow drag on [...]
Heathrow plummets to £2bn loss in ‘toughest year in airport’s history’ February 24, 2021 Heathrow Airport plummeted to a loss of more than £2bn last year, amid the “toughest year by far” in its 75-year history, the company announced this morning. The airport crashed to an annual pre-tax loss of £2.01bn for the 12 months to 31 December, down from a profit of £546m in 2019. Revenue plunged 62 [...]
BBC to cash in on children’s shows amid commercial push March 10, 2021 The BBC has unveiled plans to cash in on the success of its children’s TV shows as the embattled broadcaster looks to ramp up its income from commercial ventures. The corporation today said it will move BBC Children’s Productions, which makes shows such as Blue Peter and My Mum Tracey Beaker, into its commercial arm [...]
Lloyds to slash office space as it resumes dividend despite 72 per cent profit drop February 24, 2021 Lloyds resumes dividend despite 72 per cent profit drop as it unveils wealth drive