Ryanair threatening to remove pilot perks over strikes, union claims September 19, 2019 Striking Ryanair pilots have accused the airline of threatening to remove their perks if they take part in this month’s planned walkout. Ryanair pilots who are members of the British Airline Pilots’ Association (Balpa) began their strike action yesterday, which is due to continue on 21, 23, 25, 27, and 29 September. Read more: Ryanair suffers [...]
Supreme Court decision expected early next week September 19, 2019 The Supreme Court has said it will publish its ruling on Boris Johnson’s prorogation of parliament early next week, giving critics of the move hope that MPs could be back in work before October. The three-day hearing, which included a submission from former Prime Minister John Major, wrapped up this afternoon with a final call [...]
Airbnb plans to go public in 2020 September 19, 2019 Airbnb has revealed its intention to become a publicly-traded company next year. In one of the most prominent market listings scheduled for next year, the property giant has said today that it is looking to float in 2020. Read more: Wework delays IPO The move could see Airbnb, which is an online marketplace for lodging, [...]
LSE boss David Schwimmer feels ‘very good’ about Refinitiv deal after snubbing Hong Kong offer September 19, 2019 The boss of the London Stock Exchange has said he feels “very good” about merger plans with Refinitiv, in a fresh sign of the group’s reluctance to accept a separate takeover offer from its Hong Kong rival. LSE chief executive David Schwimmer expressed his enthusiasm for a $27bn (21.6bn) acquisition of data provider Refinitiv at [...]
Grant Shapps says rail firms should be rewarded for running trains on time September 19, 2019 Transport secretary Grant Shapps has suggested rail firms should be given financial rewards for running trains on time, admitting that they still get paid when services are late. Shapps said rail firms currently operate in a “dysfunctional and flawed” system where “they can not run trains on time and still get paid”. Read more: A [...]
A third of trains were delayed over past year September 19, 2019 Over a third of trains failed to arrive at stations on time over the past year, according to figures that use a more accurate measure of punctuality. New statistics released by the rail regulator, the Office of Rail and Road (ORR), show that 64.7 per cent of stations were arrived at one time in the [...]
Tilney and Smith & Williamson strike £1.8bn wealth management and professional services deal September 19, 2019 Investment group Tilney and professional services firm Smith & Williamson said today they have agreed a merger which will create a combined business with an enterprise value of £1.8bn. The combined firm will be called Tilney Smith & Williamson and have revenue of approximately £500m and profit of around £150m, the firms said. Tilney is [...]
Ryanair suffers shareholder revolt over pay report September 19, 2019 Ryanair is in the grip of an investor revolt after half of shareholders voted against a bonus scheme for boss Michael O’Leary that could see him earn £88.56m over five years. Just over 50 per cent of the airline’s shareholders voted for Ryanair’s remuneration report, in which Ryanair was seeking approval for a new long-term [...]
Westminster needs to do better by the City September 19, 2019 One London-based banker says that on his weekly journey to and from Frankfurt, the plane going to Germany is often twice as full as the one coming back. Such anecdotes, exaggerated though they may feel, nonetheless underline the creeping sense of anxiety over London’s global status. Read more: London holds on to number two spot [...]
MPs urge clarity from Sajid Javid over appointment timetable for Bank of England governor September 18, 2019 An influential group of MPs has demanded a timetable from the chancellor for the appointment of the next Bank of England governor. Following reports that the successor to Mark Carney is not likely to be decided by the current autumn deadline, the Treasury committee has today written to Sajid Javid asking him to confirm whether [...]