Stock market slide continues after Amazon fails to deliver the goods October 26, 2018 The UK stock market slide has continued this morning after disappointing overnight results from US tech giants Google and Amazon. Joshua Mahony, market analyst at IG, said: “European markets are in decline yet again, with the stock market rout that has dominated throughout the month of October showing little signs of letting up.” The FTSE [...]
British Airways owner IAG glides over profit expectations for quarter October 26, 2018 British Airways owner the International Consolidated Airlines Group (IAG) said today it had increased its profit for the quarter to €1.46bn (£1.3bn) up from €1.45bn last year. The results beat the company compiled consensus figures of €1.43bn. Operating profit for the nine month period was €2.575bn a 7.3 per cent increase on €2.4bn last year. IAG [...]
British Airways reveals a further 185,000 users affected in fresh data hack October 25, 2018 British Airways owner International Airlines Group today said an investigation into September's data breach has revealed a further 185,000 users had been affected in an earlier hack on its website. An internal investigation uncovered a second hack which showed the financial details of another 77,000 payment cards were potentially compromised, including their card number, expiry date [...]
Cathay Pacific rocked by data breach hitting as many as 9.4m passengers October 24, 2018 Hong Kong flag carrier Cathay Pacific has become the latest airline to be stung by a vast data breach this afternoon, after admitting that someone gained “unauthorised access” to information of up to 9.4m passengers. Roughly 860,000 passport numbers, about 245,000 Hong Kong identity card numbers, 403 expired credit card numbers and 27 credit card [...]
City Moves for 24 October – who’s switching jobs at Landor, Duff & Phelps and Nodthera? October 24, 2018 Here are today’s City Moves: at Landor, Duff & Phelps and Nodthera. Landor Landor, one of the world’s leading global brand consultancies, today announced that Peter Knapp has been named chairman, effective immediately, in addition to continuing his role as chief creative officer. T his new position reports to Landor chief executive Jane Geraghty. A 25-year [...]
The power of choice: Why May must back flexible right to buy October 23, 2018 He may not be well-known now, but former MP Noel Skelton probably had one of the most profound impacts on the guiding philosophy of the Conservative party. His series of pamphlets in the aftermath of the First World War explained clearly how the expansion of education and political rights, without the same expansion of economic [...]
British Airways to hand Heathrow staff iPads in bid to improve customer service October 22, 2018 British Airways (BA) has announced a multi-million pound training scheme for its Heathrow staff that will see them walk terminal floors equipped with iPads to answer passengers’ enquiries. Starting with its customer service personnel in Terminal 5, between now and next summer BA will train staff to help with a range of customer enquiries, [...]
African miner hires former BHP and British Airways board member ahead of float October 16, 2018 South African phospate miner Kropz will go public by the end of the month and has appointed former BHP board member and JP Morgan exec Lord Renwick as chairman. Kropz announced yesterday it would list on the London Stock Exchange's Alternative Investment Market (AIM) by the end of October. The plant nutrient producer hoped its IPO [...]
Aer Lingus chief executive to step down at the beginning of next year October 11, 2018 Aer Lingus chief executive Stephen Kavanagh is to step down next year, when he will be replaced by British Airways director Sean Doyle. Kavanagh, who has led the IAG-owned airline since 2015, will step down on 1 January 2019 but will remain on the airline's board as a non-executive director. He will be succeeded by Doyle, who is currently British [...]
Competition watchdog investigates British Airways’ transatlantic flight agreement October 11, 2018 An investigation into British Airways’ revenue-sharing partnership on transatlantic flights is underway, a watchdog announced today. The decade-old Atlantic Joint Business Agreement sees BA, American Airlines, Iberia and Finnair split revenue on all passenger routes between Europe and the US. Read more: Moody's: BA and Easyjet among airlines 'most exposed to a no-deal Brexit' The European [...]