FTSE 100 dips again as sterling recovers some strength October 12, 2016 What a difference a day makes. Having hit a record high yesterday, the FTSE 100 started this morning in negative territory. The index fell 0.5 per cent to 7,032 points in early trading, having reached the heady heights of 7,127 yesterday – above the record high of 7,122 points it set in April 2015 (although it later closed slightly lower). It [...]
EasyJet shares drop after company posts lower profit guidance October 6, 2016 EasyJet said today it expects profits to fall this year due to significant foreign exchange movements and a testing trading environment. The company's share price fell 6.8 per cent at the open. Profit before tax is expected to be in the range of £490m to to £495m, down from £686m in 2015 – a possible drop [...]
British Airways’ move of dropping free meals is eating into its brand image October 5, 2016 British Airways has been in the news for a number of reasons over the last couple of months and YouGov’s brand tracking data indicates that perception of the brand has been impacted as a result. Just last week, the airline announced it was to cut its free meals on short haul economy flights. Passengers will [...]
IAG is on the hunt for high-flying startups to join a new accelerator October 4, 2016 International Airlines Group (IAG) has launched Hangar 51, a global accelerator programme, to sniff out the best budding aviation startups. The parent company of British Airways, Iberia and Aer Lingus is inviting new firms to pitch for a chance at joining Hangar 51, where they will work with the airline group to create “next generation [...]
EasyJet buckles in for a bumpy ride with profits set to take a tumble October 2, 2016 Budget airline EasyJet is braced for a sharp fall in pre-tax profits when it gives a trading update this week. A combination of terrorist attacks, air control strikes and a hefty price war with Ryanair have taken their toll on the carrier, analysts say. They are expecting profit before tax in the year to end [...]
Brits stick together as British Airways says it will start selling Marks and Spencer food on board September 30, 2016 There was good news and bad news for British Airways (BA) passengers today after the airline announced that it will serving up Marks and Spencer food on its short-haul flights from next year, but customers are going to have to pay for it. Following the lead of low-cost airlines, complimentary snacks will be a thing of the [...]
Qatar Airways reveals next stage in its cosying-up strategy with British Airways September 28, 2016 Qatar Airways has deepened ties with the owner of British Airways after a codeshare agreement was announced by the two carriers. The news comes in the wake of Qatar Airways upping its stake in International Airlines Group (IAG) in August to 20 per cent – a move that made it IAG's largest single shareholder. Read more: Qatar Airways just bumped up its stake [...]
City Moves for 21 September 2016 | Who’s switching jobs September 21, 2016 Forsters Private client and real estate law firm Forsters has appointed Heather Corben as a partner in its tax practice.Heather is a senior tax lawyer, with many years' experience advising clients on complex tax issues arising from corporate and real estate transactions and structures. She has advised a range of major property companies and funds including British Land, Axa REIM, Brockton [...]
Heathrow runway extension campaigners slash £2bn from projected costs September 18, 2016 Supporters of a plan to extend one of Heathrow's runways have cut their estimated costs for the project by almost a quarter in a bid to win government backing. The Heathrow Hub plan involves stretching their airports northern runway to 6.8km, and splitting it in half so that planes can take off and land at the [...]
These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]