Will Heathrow airport’s resurgence boost the profits of British Airways’ owner IAG? February 17, 2023 British Airways’ parent company is set to return to profit for the past year as it continues its turbulent recovery. International Consolidated Airlines (IAG), which also runs Spanish operator Iberia, will reveal its latest annual financial figures on Friday February 24. It comes amid early positivity in the sector, which has helped support a 30 [...]
Savers warned of approaching state pension National Insurance ‘top-up’ deadline February 17, 2023 Those with missing years in their state pension contribution record between 2006 and 2017 have until April 5 to make voluntary contributions, an investment platform has warned From 6 April the number of extra years available to purchase drops to the last six tax years Alice Haine, personal finance Analyst at Bestinvest, a DIY investment platform [...]
‘Mortgage chaos’ of last few months eases as available deals surpass 4,000 February 13, 2023 The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website. Moneyfacts.co.uk, which counts the number of mortgage products at the start of each month, said 4,341 deals were available on 1 February compared with 3,643 products at the start of January. Many mortgage [...]
London bus strike resolved as Unite accepts Abellio’s ‘greatly improved’ pay increase February 13, 2023 A long running dispute involving more than 1,800 bus drivers in London has ended after the workers accepted a “greatly improved” pay offer. Members of Unite employed by Abellio have staged a series of strikes in recent months. They have accepted a pay increase that Unite said will see drivers with over two years’ service [...]
Cost of living crisis could drive the Bank of Mum and Dad bust, life office warns February 13, 2023 The wealth of parents who have been supporting their ‘adult’ children could be about to dry up, a life office has warned. According to the Institute for Fiscal Studies (IFS), £17bn a year is gifted or loaned annually, almost all from parents to adult children But Canada Life said its survey found that almost half [...]
FTSE close: Index closes the week on a muted note, as traders eye 8,000 barrier February 10, 2023 London’s blue chip index closed at 7,882.45, down 28.70 points, or 0.36 per cent as investors paused for breath at the end of a trading week which saw the FTSE 100 hit an all-time high. Optimism over the British economy, which narrowly avoided recession, appeared to be tempered with a warning from Jeremy Hunt, Chancellor [...]
City A.M.’s Top Five: This week’s best read stories – 10 February February 10, 2023 The concept of the UK’s first official digital currency was something that interested City A.M. readers, while the idea of BA’s pedestal as the world’s favourite airline being kicked over also struck a chord. Just in case you missed them, here are the best read stories on City A.M. this week One: Could the UK [...]
Where there’s a will, there’s a war, and how making one can protect your loved ones against inheritance tax February 10, 2023 Most wealthy Britons prefer not to share their inheritance plans with their families, according to a new study. In a survey commissioned by Brown Shipley, a Quintet Private Bank, 54 per cent of respondents said they had not spoken to loved ones about plans to pass on wealth. More than two-fifths, 42 per cent, had [...]
Tesco versus Lidl: Two of UK’s largest supermarkets go to court over use of yellow logo February 7, 2023 Supermarkets Tesco and Lidl have begun a High Court fight over the use of a yellow circle logo. German discount chain Lidl says a trademark, and copyright, has been infringed, while Tesco has made a counterclaim. Lidl uses a yellow circle in its main logo, and Tesco uses one to highlight offers available to members [...]
Happy Valley: The five best takeaways from series three [spoilers] February 6, 2023 As Catherine Cawood heads off into the sunset – well the Himalayas via her Land Rover – BBC1 viewers everywhere will now be experiencing a massive Happy Valley hole in their lives. But fear not as Sally Wainwright’s – now retired – Sergeant played by Sarah Lancashire lives on, thanks to her one liners, wit [...]
