As it happened: Stocks reach new record as investors shrug off Iran war fears Markets Welcome back to the City AM liveblog. It’s Friday morning and the FTSE 100 has opened into the green, following two consecutive days of record gains for the blue-chip index. London’s blue-chip index was up as high as 0.7 per cent in early trading to 10,971.88p, “The FTSE 100 tested new record highs on Friday morning as [...]
Tax bill and Middle East weigh on Heathrow despite record numbers Aviation Heathrow’s tax bill has more than doubled in the first half of this year, weighing on profit at the airport despite it bucking the Middle East conflict to enjoy record passenger numbers. The west London hub faced a £129m bill to HMRC in the six months to July, according to its latest update, up from [...]
Flying at Heathrow will cost ‘significantly more’ due to third runway bid Transport & Infrastructure Heathrow’s bid for a third runway will “significantly” push up the cost of flying from the UK’s biggest airport, a leading aviation expert has warned. The airport’s expansion will “inevitably” push up ticket fares because it is set to be allowed to hike the fees it charges to airports, Alton Aviation’s Ronan Murphy told City [...]
Air fares to soar again if fuel costs stay high, British Airways chief warns June 7, 2026 Prices for flights will shoot up again if fuel costs stay high, the chief of British Airways has warned. The airline’s chief executive, Sean Doyle, said there is “no getting away from” the fact that “if fuel goes up, fares have to go up.” Since the Iran war began in February, jet fuel prices have [...]
Losses balloon at Easyjet despite seeing ‘no disruption’ to jet fuel supplies May 21, 2026 Easyjet has played down fears that a jet fuel crisis caused by the Middle East will rip through its low-cost model, saying it has kept price rises to a minimum despite losses at the carrier ballooning to more than half a billion pounds. The London-listed carrier told investors it was “not seeing any disruption” to [...]
Hotel tycoon Arora launches revamped Heathrow runway proposal May 18, 2026 The hotel tycoon behind a rival bid to build Heathrow’s third runway has tabled a fresh proposal backed by British Airways and Virgin Atlantic that would build the mega-project in two distinct stages in an effort to keep a lid on costs. Surinder Arora, the billionaire hospitality magnate behind a campaign to reshape Heathrow’s regulatory [...]
Watchdog rules Heathrow third runway could be built by rival bidder May 15, 2026 Heathrow will lose its decades-old monopoly over building and operating new projects at the airport under new proposals tabled by the aviation watchdog, paving the way for a rival operator to build the third runway and new terminal. As part of a review of the airport’s red tape conducted by the Civil Aviation Authority, the [...]
Heathrow, Gatwick revolt over Labour flight cancellation plans May 12, 2026 Heathrow and Gatwick have urged the government to climb down from plans to allow airlines to scrap flights without notice – a move which could endanger the summer holidays of millions of Brits. The leading airports reportedly wrote to the government to oppose mooted plans to unwind “use it or lose it” rules to allow [...]
P&O Ferries hikes prices as Iran war puts holidays on brink May 10, 2026 Leading ferry operator P&O Ferries is saddling holidaymakers with up to £50 surcharges as the Iran war threatens to derail Brits’ summer holidays. P&O, which is owned by Dubai-based DP World, has said it will impose one-way surcharges of £27 per vehicle for its route between Hull and Rotterdam, meaning passengers will pay £54 more [...]
IAG: British Airways owner plays down jet fuel shortage concerns May 8, 2026 British Airways owner IAG has played down fears of a jet fuel shortage forcing it to cancel flights this summer but warned investors to expect lower earnings as a result of the ongoing conflict in the Middle East. The London-listed carrier said the pan-regional war that has now dragged into its third month will have [...]