Inmarsat plans Wi-Fi in the sky across Europe June 5, 2014 SATELLITE operator Inmarsat aims to offer airline Wi-Fi in the skies across Europe by 2016 with its new broadband network. British Airways is in advanced talks to become Inmarsat’s first client on the in-flight internet service, initially on domestic routes. The price for passengers will be set by the airlines, Inmarsat said. Inmarsat has ordered [...]
London train traffic pulls further ahead of the rest of the country June 5, 2014 LONDON’S bustling railway routes pulled further ahead of the rest of the country in the last financial year, as passenger journeys in the UK increased by 5.7 per cent. Britain’s trains took passengers on 1.59bn journeys in the 12 months to the end of March, the Office of Rail Regulation said. London and the south [...]
Tourism council seeks ways to boost UK image June 5, 2014 MINISTER for sport, tourism and equalities Helen Grant yesterday announced the creation of a new Tourism Council, which will involve government and industry figures. The council has been established to co-ordinate the promotion of the image of the UK as a tourist hotspot to the world, and will focus on boosting enterprise, increasing apprenticeships, and [...]
Motor industry revving up to break records June 5, 2014 CAR SALES in the UK rose for the 27th consecutive month in May, breaking a record set in the 1980s for the longest ever period of growth. Motorists registered 194,032 new cars last month, up 7.7 per cent on the same period a year ago, to give the industry its strongest May performance in a [...]
Blame game begins over Saga’s faltering share price June 5, 2014 THE independent financial adviser and capital markets specialist STJ Advisors has a rather compelling sales pitch for companies, such as Saga or Card Factory, wishing to list on the stock market. STJ pitches itself as the company’s true friend in a world of complexity where the bulge bracket banks, the only ones capable of distributing [...]
EasyJet is the latest airline to report rising traffic during May June 5, 2014 EASYJET carried 7.9 per cent more passengers in May, the low-cost airline announced yesterday. The carrier follows budget rival Ryanair and British Airways parent firm IAG in posting strong growth for the last month, which contained two bank holiday weekends. EasyJet said its load factor, a measure of how full each plane is, rose 1.3 [...]
Deutsche tops up capital with €6.75bn issue June 5, 2014 INVESTORS in Deutsche Bank can snap up new shares at a 24 per cent discount, the banking giant announced yesterday. Existing shareholders will be diluted by the German lender’s €6.75bn (£5.5bn) capital raising round, so the blow has been sweetened with the lower price on the stock. The shares priced at €22.50, 24 per cent [...]
Investment banks replace staff with machines to reduce costs June 5, 2014 TROUBLED bond trading desks are increasingly being replaced with electronic trading systems as banks cut costs to shore up profits, according to a report out yesterday from consultancy GreySpark Partners. In some areas such as corporate bond trading, the sector has as much as 50 per cent more capacity than it needs, which could result [...]
European deal volume helps lift revenue for law firm CMS in 2013 June 5, 2014 LAW FIRM CMS yesterday reported a marginal revenue increase to €842.1m (£684m) during the year to 31 December, up slightly from the €837.7m it reported during the previous year. CMS handled 344 mergers and acquisitions during 2013 and was ranked number one in such deal volume in Europe, Central and Eastern Europe, France and Germany. [...]
First UK bank to float in over a decade June 5, 2014 ONESAVINGS Bank, the lender built by private equity firm JC Flowers, was welcomed onto the London Stock Exchange yesterday, becoming the first UK bank to list for more than a decade. Shares were priced at 170p each, at the bottom of its range, in order to attract investors. By the close of play, the shares were [...]
