British Airways owner signs up for 200 Boeing jets, including the 737-Max model that is currently grounded worldwide June 18, 2019 Plane maker Boeing has landed a huge order from British Airways parent International Airlines Group (IAG) for 200 planes, as it looks to bring the fight to arch-rival Airbus at the Paris Airshow. IAG signed a letter of intent with Boeing for 200 737 aircraft to join its fleet. The mix of 737-8 and 737-10 [...]
Andrea Leadsom defends Boris Johnson’s U-turn over Heathrow June 18, 2019 A key ally of Boris Johnson has defended his apparent decision to drop his opposition to the Heathrow third runway. Andrea Leadsom, who threw her weight behind Johnson’s campaign to be the next Prime Minister this morning, told LBC: “I think he has changed his view over time, as is absolutely right that politicians do [...]
UK tech firm Unily secures $68m investment June 17, 2019 Digital workplace platform Unily has secured $68m (£53.9m) growth investment from Silversmith Capital Partners and Farview Equity Partners. Unily, which counts McDonald’s, British Airways and Mars among its clients, intends to use the investment to “capture market share from more established providers”. Read more: Tech jobs in London rise by almost two thirds The British [...]
Lufthansa profit warning hurts ‘miserable’ airline stocks June 17, 2019 A Lufthansa profit warning dragged down airline stocks this morning as analysts warned investors are “spooked”. The Frankfurt-listed flyer blamed overcapacity in the market and rival carrier competition for falling ticket prices in Europe. Read more: Flybe boss to quit after airline’s sale to Connect Airways Lowering its earnings margin forecast to between 5.5 per [...]
IAG kickstarts search for best budding aviation start-ups June 6, 2019 British Airways owner IAG has launched its latest global accelerator programme for budding aviation startups. The Hangar 51 programme, launched in collaboration with IAG brands Iberia and Vueling, will be based in Spain this year. It will seek out start ups from around the world who will work with mentors and experts from IAG to [...]
Rolls-Royce offloads one-third of its pension scheme to Legal & General in landmark £4.6bn deal June 6, 2019 Rolls-Royce has handed over responsibility for £4.6bn of its pension scheme to Legal & General, in a record-breaking deal. The FTSE 100 engine manufacturer has offloaded responsibility for paying the pensions of its 33,000 pensions scheme members. The scheme has a total of 76,000 members. Read more: Rolls-Royce among firms kicked off government’s late payment [...]
Southern ranked least trusted operator by transport watchdog June 6, 2019 Southern has been ranked as the least trusted rail operator in the UK, according to new research from the independent transport watchdog. Southern, which is run by Govia Thameslink Railway (GTR), was not trusted by 23 per cent of passengers as of autumn last year, Transport Focus data reveals. Southern’s reputation took a hit in [...]
Sydney shares cheer Australia’s centre-right election triumph May 29, 2019 Australian share prices are on a roll after the shock election victory earlier this month of the ruling Liberal-Nation coalition. The centre-right government returned to power in Canberra despite consistent opinion poll leads for the opposition Labor Party. The ASX 200 index, comprising the shares of the 200 largest companies listed on the Australian Stock [...]
BT’s brand value drops as new boss prepares image overhaul May 21, 2019 The value of telecoms giant BT’s brand slumped this year as new chief executive Philip Jansen prepares to overhaul the company’s image. BT dropped two rankings to 10th place this year as its brand value, which is calculated as the net economic benefit its owner would receive if it licensed the brand in the open [...]
Is two-year low the nadir for IAG shares? May 21, 2019 Investors have taken these results as a cue to pick up cheap stock, betting that the worst is over. In the context of its financial year, the first quarter will probably be one which International Consolidated Airlines Group (LSE:IAG) will want to forget. As can be seen from the demise of several smaller airlines over [...]