British Airways cancels more flights as strikes bite September 12, 2019 British Airways said today it is cancelling several flights at the end of this month as pilots prepare to go out on strike. The airline did not say how many flights would be affected, but promised to let customers know. “We are now contacting all those affected to offer them a full refund or a [...]
Heathrow exec warns of potential budget bust – and likens expansion to Tottenham Hotspur stadium September 12, 2019 A Heathrow director has likened the airport’s £14bn expansion plan to Tottenham Hotspur’s new football stadium, which ran massively over budget. Emma Gilthorpe, Heathrow’s executive director for expansion, said major infrastructure projects were “very challenging to deliver” and that details were “pinned down” far too early in the process. Read more: ‘Massive gravy train: British [...]
Let’s end the airline monopoly over Europe’s busiest airport September 12, 2019 This week’s two-day strike by British Airways (BA) pilots is not just another blow for the brand and a pain for thousands of passengers. It is also a vivid demonstration of the pitfalls of letting one airline group have an effective monopoly over many routes at Europe’s busiest airport, Heathrow. Luckily, expansion at Heathrow provides the [...]
Heathrow passengers ‘pay higher fares’ thanks to British Airways dominance September 12, 2019 Heathrow passengers could be paying as much as 10 per cent more on fares because they lack an alternative to flying with British Airways, a new study has found. British Airways’ parent company IAG currently operates over half of all take-off and landing slots at Heathrow. The next largest groups are Lufthansa, which controls eight [...]
ECSC shares rise as data breach fines get cyber consulting back on track September 11, 2019 Shares in ECSC rose more than three per cent this morning after the cybersecurity firm reported renewed demand for its consulting services division. Read more: ECSC revenues jump as it grows client base amid cybersecurity concerns The figures ECSC’s total revenue slipped marginally from £2.64m to £2.63m in the six months to the end of [...]
British Airways strikes: Airline warns of continued disruption September 11, 2019 British Airways has warned of continued disruption to flights after pilots held a two-day strike in a row over pay. The airline said hundreds of its planes and pilots were in the wrong place following the strike action, which led to nearly all flights being cancelled on Monday and Tuesday. Read more: British Airways pilots [...]
Ranked: The UK’s fastest growing companies for brand value September 11, 2019 Deliveroo, Costa Coffee and Brewdog are growing in value faster than any other UK brands, according to a survey published today. The food delivery app topped the list, increasing its value 54 per cent to $1.4bn (£1.1bn), while coffee chain Costa jumped 48 per cent to $1.5bn, boosted by its takeover by Coca Cola. Read [...]
British Airways pilots threaten further strikes unless stalemate is broken September 10, 2019 British Airways pilots are threatening further strike action if the current pay row with the airline is not resolved. The British Airline Pilots’ Association (Balpa) union has called on BA to engage in further talks to avert the planned strike on 27 September. Read more: Shares in British Airways owner IAG bounce as strike enters [...]
Investors engaged with environmental and governance issues, but audit and trust lag behind September 10, 2019 The UK’s largest investors are most concerned about environmental and corporate governance issues in the companies they invest in, but need to “step up” in other areas, new research has found. Audit, corporate reporting, trust, and reputation were all identified as areas where the UK’s top asset managers and owners have been “less engaged” in [...]
Shares in British Airways owner IAG bounce as strike enters second day September 10, 2019 Shares in British Airways’ parent company IAG are up by more than five per cent this morning as the airline suffers its second day of strike action. Pilots who are members of the British Airline Pilots’ Association (Balpa) are into their second day of industrial action in an ongoing dispute over pay and working conditions. [...]