Awards 2022 February 20, 2019 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
MPs hit out at Department for Transport over delayed response to May timetable chaos review February 18, 2019 MPs have hit out at the government for its delay in responding to a report into last year's May timetable chaos, which found that transport secretary Chris Grayling could have done more to avert the troubles. The Transport Select Committee said it was "disappointing" that the Department for Transport (DfT) had decided to delay its response [...]
Norwegian Air shares tumble as leaders agree to sale of subscription rights February 18, 2019 Shares in Norwegian Air crashed this morning after the struggling airline’s boss and board chairman agreed to sell some of their subscription rights to a share issue at less than face value in order to raise emergency funds. Read more: Growth will slow at Norwegian Air as profits in focus Chief executive Bjorn Kjos and chairman [...]
Setting out on a two-day city break in India to see how many temples, tours and thalis I could fit in in a week February 8, 2019 The buzzing financial capital of Maharashtra as well as the heart of the Bollywood film industry, Mumbai is home to 24m people. It’s hard to get your head around but, like any big city worth its salt, Mumbai is a mass of contradictions and conflicting realities, the city of dreams that India’s most wealthy citizens [...]
Growth set to slow at Norwegian Air as carrier puts profits front and centre February 7, 2019 The pilots at Norwegian Air have taken their foot off the accelerator, with growth set to slow as it tries to put profits ahead of expansion. The low-price airline said growth will ease up from 18 per cent in the first quarter of this year to minus one per cent in the final quarter. It [...]
Norwegian air passenger growth flags in January February 6, 2019 Shares in Norwegian Airlines dipped this morning as the budget carrier revealed that passenger growth fell last month. The airline, which saw shares drop almost three per cent this morning, expanded its capacity in January by 27 per cent, however total passenger traffic grew by 18 per cent, missing Reuters passenger growth forecast of 20.1 [...]
Ryanair falls to €20m loss as O’Leary signs new five-year contract February 4, 2019 Budget airline Ryanair today said it suffered a €20m (£17.5m) loss in the third quarter of its financial year, blaming weaker ticket prices. The airline also said that longstanding chief executive Michael O’Leary had signed a five-year contract for the role of group chief executive, as the company moves to a new structure. Read more: Ryanair [...]
Former Stobart boss Andrew Tinkler makes capital injection offer for ailing airline Flybe February 3, 2019 Former Stobart chief executive Andrew Tinkler has made a capital injection offer for ailing airline Flybe as it prepares to complete a proposed sale to a group led by Virgin Atlantic. The Flybe board today confirmed it had received a "very preliminary, short and highly conditional outline contingency proposal" from Tinkler, who was fired from the Stobart board last summer amid [...]
London snow: Southeastern tells commuters to avoid peak trains amid ice warning February 1, 2019 Londoners were today issued with an ice warning as snow hardens in the capital and around the south east. The Met Office has posted a yellow warning for ice for tonight and into the weekend, though snow will gradually ease through the night despite temperatures continuing to drop below freezing. Read more: Snowpocalypse – what to [...]
Sale of airline Norwegian fell through because of Brexit, chairman says February 1, 2019 A sale of airline Norwegian Air Shuttle fell through last year amid Brexit uncertainty, the company has revealed. Chairman Bjorn Kise said that he and chief executive Bjorn Kjos, who is also a major shareholder, were onboard with a plan to sell the company to an unnamed bidder before Christmas. Read more: Budget airline Norwegian takes [...]