From vicars to City titans: Goldman Sachs, Shell and Barclays among names behind £550m Lloyds legal battle | City A.M. April 4, 2018 Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset Management and pension funds [...]
A record 5.4 million passengers passed through Heathrow in February March 12, 2018 Nearly five and a half million passengers passed through Heathrow in February, as the airport repeated the need for it to expand quickly. Emerging markets in South Asia and Latin America increased by 12.7 per cent and 6.5 per cent respectively, while strong markets in North America and East Asia meant trade was up 5 [...]
Lego beats British Airways, Gillette and Apple to top of UK consumer brand rankings March 12, 2018 Danish toymaker Lego has been voted the UK’s number one consumer brand in a survey of British shoppers. The toymaker, which is celebrating the 60th anniversary of the Lego brick this year, overhauled airline British Airways to top the so-called superbrand rankings for the first time. Shaving company Gillette took second spot on the list, [...]
Qatar Airways is launching direct flights to London Gatwick from Doha March 7, 2018 Qatar Airways said today it will launch direct flights to London's Gatwick Airport from 22 May with double-daily services from Doha. Gatwick's boss Stewart Wingate said the new flights bolster the airport's business credentials with Qatar "an important business destination, particularly for those working in finance, infrastructure, oil and gas". He added: "This new route [...]
New Barclaycard “Dine & Dash” technology to be trialled at Prezzo allows eaters to walk out of a restaurant without waiting for the bill February 27, 2018 One of the most frustrating parts of eating out, according to a survey conducted by Barclaycard, is waiting for the bill. So the payment business has developed a new technology which allows diners to simply walk out after eating their meal. The “Dine & Dash” technology, which is being trialled at the St Martins Lane [...]
FTSE 100 closes lower as the pound sterling (GBP) rises and company results disappoint February 23, 2018 The UK’s blue-chip index closed slightly lower today as investors picked apart a string of companies’ full-year results. There were a couple of reasons for the FTSE’s decline today though, according to Connor Campbell, a financial analyst at Spreadex. “Primary among them was the fact sterling found itself 0.2 per cent higher against the dollar [...]
British Airways owner IAG launches a €500m buyback as profit rises February 23, 2018 British Airways owner International Airlines Group (IAG) posted a rise in profits over 2017, reflecting a better macro-economic environment, but shares in the firm have fallen. The figures For the year to the end of December, IAG said passenger revenue rose 1.6 per cent compared with the previous year to €20.25bn (£17.87bn), while total revenue [...]
Boss of British Airways owner IAG Willie Walsh has “zero” confidence that Heathrow expansion will be delivered on time February 20, 2018 The outspoken boss of British Airways owner IAG, Willie Walsh, said today his confidence that Heathrow would ensure its expansion was on time and on budget “is zero”. Speaking to MPs on the Transport Select Committee for their inquiry into the government’s national policy statement on Heathrow’s third runway, Walsh said he had no confidence [...]
Fantastic Beasts and Where to Shoot Them: We went on safari with Kenya’s top photographer February 2, 2018 Normally at hotels I’m rather picky about who joins me for breakfast, but this time I made an exception. Or as much of an exception you can claim to make when a herd of wild Rothchild’s giraffes wander over uninvited to pop their necks through the lodge’s windows in search of a bite to eat. [...]
Improving Chinese visas must be a priority for post-Brexit Britain January 30, 2018 EU immigration may dominate headlines in the aftermath of the Brexit vote, but Willie Walsh, the boss of British Airways owner IAG, hit the nail on the head yesterday when he wrote to home secretary Amber Rudd to ask her to chivvy along changes to Chinese visas. It was way back in 2015 that then-Prime [...]