FTSE 100 Live: Retail sales inch up; Segro ups dividend Markets Good morning and welcome back to the City AM liveblog. The FTSE 100 took a breather from its blistering record run on Thursday after a major stock tumble at British Gas owner Centrica led the index into the red. Centrica shed over five per cent after telling markets it would hit pause on its share [...]
Rival Heathrow bidder vows to plough on despite proposal snub Transport and infrastructure The hotel billionaire behind a rival bid to develop Heathrow’s third runway has vowed to continue his pursuit to oversee the expansion despite ministers favouring a proposal submitted by the hub’s current owner that involves rerouting the M25. Transport secretary Heidi Alexander confirmed on her decision to proceed with the £49bn vision from Heathrow Airport [...]
Surinder Arora: Heathrow could be the next Thames Water Transport and infrastructure Surinder Arora is the man bidding to break a decades-old monopoly by winning the right to build Heathrow’s third runway. With the government’s first remarks on proposals expected this month, he sits down with Ali Lyon to discuss the merits of his proposal, the reasons behind it, and why he thinks that – without urgent [...]
Heathrow closure cost British Airways owner £40m August 1, 2025 The closure of Heathrow airport in March had a “severe impact” on the owner of British Airways and cost the group tens of millions of pounds in lost profit. International Airlines Group (IAG), which also owns the likes of Spanish carrier Vueling and Ireland’s Aer Lingus, said the blaze that brought operations at London’s flagship [...]
Virgin Atlantic and British Airways owner’s fury at Heathrow charge hike July 11, 2025 Plans for a fresh landing charge hike at Heathrow Airport have triggered fury from its largest airline stakeholders, British Airways and Virgin Atlantic. The UK’s biggest airport on Friday announced its intention to hike the levy it charges airlines for using its runways by 17 per cent, a move that will likely push up ticket [...]
FTSE 100 and sterling take a hit after Israel strikes Iran June 13, 2025 The FTSE 100 and pound tumbled Friday morning after Israel launched a flurry of strikes targeting Iran’s nuclear programme. The UK’s blue-chip index was down 0.6 per cent during early trading, led by a slump in the airline sector. BA parent IAG and low-cost airline Easyjet were down nearly four per cent following the crash [...]
IAG: British Airways owner faces shareholder revolt June 5, 2025 British Airways owner IAG is set to become the latest FTSE 100 company facing a shareholder revolt over pay awards to its top execs. Influential proxy adviser ISS has urged IAG investors to vote against a remuneration policy which includes a one-off share award for CEO Luis Gallego, at the group’s next annual general meeting [...]
FTSE 100 nears record high but Trump threat lingers May 27, 2025 The FTSE 100’s latest rally has put it inches away from sealing an all-time high but another tariff twist from the White House threatens the record. The UK’s flagship index was up one per cent to around 8,800p during midday trading on Tuesday as it reversed Friday’s losses made after Trump threatened the European Union [...]
British execs still fly to US despite Trump turmoil, data suggests May 14, 2025 Business travel across the pond has increased this year despite concern over policy developments under President Trump, data suggests. Data from the travel tech firm Navan, shared with City AM, shows year-to-date bookings for UK-US corporate trips have risen by nearly a quarter year-on-year. There were 8,000 corporate trips from the UK to the US [...]
IAG: Share price of British Airways owner ‘significantly undervalued’ May 12, 2025 IAG’s share price has been dubbed “significantly undervalued” by analysts as flight numbers soar and the airline group shrugs off wider political and economic headwinds. British Airways’ parent company reported quarterly operating profit well-ahead of expectations last Friday as it unveiled an order for 53 new Airbus and Boeing aircraft. The bumper results came despite [...]