Ex BA boss accuses Heathrow of “no commercial nous” over increased costs October 10, 2021 Former British Airways (BA) boss Willie Walsh, who is now the International Air Transport Association’s (IATA) director general, has accused Heathrow of having “zero commercial nous” in regards to the airport’s plans to increase charges by over 90 per cent in 2022. “What gets me about Heathrow is that they make all these fancy statements [...]
WeWork losses cast shadow over $9bn listing October 10, 2021 WeWork is set to report a loss of $1.5bn (£1.1bn) for this year, weeks before the company’s planned $9bn listing on the New York Stock Exchange, according to reports. City A.M. understands that the flexible office-space provider first made investors aware of its expected losses in an earnings report in August and again in an [...]
Boris Johnson off to Spain on holiday as UK stares down energy and cost of living crises October 10, 2021 Boris Johnson and his wife Carrie have jetted off for a week-long holiday in sunny Spain as energy and cost of living crises begin to bite for millions of Brits. The Prime Minister will be in Marbella, which is in the Costa del Sol, until Thursday in a luxury villa with his wife and young [...]
Gas price crisis: Ovo boss hints more energy companies will fold October 10, 2021 More energy companies will have a “hard time” due to rising gas prices, the chief executive of Ovo has said. Stephen Fitzpatrick told the BBC this morining: “There are a lot of companies in the market that have sprung up quite recently, there’s been some great competition in the UK market, consumers have benefitted. “But [...]
BA will drop ‘ladies and gentlemen’ to promote diversity October 10, 2021 British Airways will drop the customary ‘ladies and gentlemen’ formula from announcements to promote a more diverse and inclusive environment aboard its planes. “We celebrate diversity and inclusion and we’re committed to ensuring that all our customers feel welcome when travelling with us,” a British Airways spokesperson told the Telegraph. As reported by the paper, [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
Kwarteng says there are no plans for energy price cap for businesses : CityAM October 10, 2021 Kwasi Kwarteng has suggested he will not be implementing an energy price cap for businesses, despite warnings from the private sector that many manufacturers could go bust without one. The business and energy secretary said he was “talking all the time with industry about what the best way forward is”, but said an energy price [...]
Apple pushes to delay court ruling forcing its hand on app store payments October 9, 2021 Apple is calling for a US judge to pause an order which would change app store rules as it appeals the latest judgement in an ongoing antitrust case. The Tech giant has been embroiled in a globe-spanning set of legal disputes with Epic Games, the creators of Fortnite, after it kicked the company off the [...]
Real estate group snaps up 12 Hilton hotels in deal valued at £555m October 9, 2021 London headquartered Henderson Park Capital has reportedly purchased a chain of Hilton hotels in a multi million pound deal. The real estate group will add 12 hotels to its portfolio complete with 2,400 rooms which span London, Edinburgh, Dublin, Bristol and Coventry. The property is valued at £555m according to the FT and Henderson Park [...]
Government plans green gas levy as consumers face soaring bills October 9, 2021 The government is reportedly mulling plans for a levy on gas bills to help fund low carbon heating even as Brits face record energy bills. In the next few weeks ministers are expected to unveil a carbon pricing scheme which will push up gas bills still higher according to The Times. A government spokesperson for [...]
