Bank’s decision to hold rates helps FTSE rise – London Report October 9, 2015 THE BANK of England’s decision yesterday to keep interest rates at record low levels contributed to rises in the blue-chip FTSE 100 index. A continuing surge in energy and mining shares also helped the index to maintain a run of rises. The FTSE 100 ended 0.6 per cent stronger at 6,374.82 points, outperforming major European [...]
Mining and Tesco shares help FTSE 100 to a six-week high – London Report October 8, 2015 Surging mining stocks and a surprise rise in Tesco’s shares buoyed the London market yesterday, with the FTSE 100 ending at its highest closing level since the summer. The blue-chip index finished up 0.2 per cent at 6,336.35 points – its highest closing level since 20 August. The FTSE came down off its earlier intraday [...]
Ryanair investors will reap €400m in spoils from sale of Aer Lingus September 25, 2015 Ryanair announced at its AGM yesterday it would be sharing the €398m (£293m) spoils from the sale of its Aer Lingus stake with shareholders. Ryanair agreed to sell its 29.8 per cent stake in the Irish airline to International Airlines Group, which owns British Airways and Iberia, this summer. The budget airliner also said it [...]
Oil accelerates FTSE over 6,000 – London Report September 24, 2015 RISING oil prices helped the FTSE 100 crack back above the 6,000 mark yesterday, as energy stocks helped the London index climb. The FTSE 100 index, which had fallen 2.8 per cent in the previous session, closed up 1.6 per cent at 6,032.24 points. Oil prices stabilised yesterday as a decline in US inventories offset [...]
At least 13 injured after British Airways flight BA2276 catches fire in Las Vegas’ McCarran Airport September 9, 2015 At least 13 people have been taken to hospital with minor injuries after British Airways flight 2776 to London Gatwick caught fire at Las Vegas airport, airport officials said. In total 172 people, including 159 passengers and 13 crew members, were forced to evacuate the Boeing 777-200 on emergency slides. It is thought most of [...]
British Airways’ Gatwick pay cuts: Has BA’s restructuring appeared from thin air? September 8, 2015 It’s one of the oldest tricks in the book. Would you like to take a lower-paid role or face the exit? British Airways is waving the magic wand and a number of senior cabin crew are under its spell. Hundreds of senior cabin crew at Gatwick are faced with taking big pay cuts or being let go. BA [...]
UK pensions deficits: FTSE 100 firms fear pension pain as workers retire September 6, 2015 Pension schemes represent a “material risk” for many of the largest companies in the FTSE 100, new research shows. Six firms, including BAE Systems, British Airways-owner International Airlines Group, RSA and Royal Bank of Scotland, all have total disclosed pension liabilities almost double their equity market value, so says JLT Employee Benefits’ quarterly report [...]
Long hours and lack of internet: What we hate most about business travel revealed September 4, 2015 Business travel may be seen as a glamorous job perk, but it’s certainly not without its struggles, as a new survey reveals our biggest dislikes with travelling for work. Having to be apart from family is travellers’ biggest annoyance, British Airways data shows, with two-thirds citing it as a concern. But we also hate the [...]
British Airways flight BA356 to Nice declares emergency due to landing gear fault August 23, 2015 British Airways flight #BA356 to Nice has returned to Heathrow after declaring an emergency. The Airbus A320 jet left the London airport at 18:00 and was due to land in the France city two hours later. But after experiencing a technical fault, it started making circuits over Surrey and joined the queue to [...]
Lost cost airline Norwegian will offer £179 flights from London to Boston August 19, 2015 If the price of travel to the States was putting you off, fret no more. You will soon be able to travel to the city of the Boston Celtics and sitcom Cheers for just £179. Norwegian, a low cost airline, will be offering four flights a week from Gatwick to Boston from May 2016, the [...]