Four things we know about China’s luxury consumers: Apple is most desirable but British brands rate among wealthy shoppers February 2, 2015 Chinese spending on luxury goods may be faltering as the economy slows down and the government clamps down on gift-giving of luxury items, but consumer spending is still expected to help carry the country’s economy ahead of the US as the world’s largest over the next decade. The rise of the luxury brand in Asian [...]
Qatar Airways takes stake in British Airways and Iberia owner IAG becoming largest shareholder January 30, 2015 Qatar Airways has bought a 9.9 per cent stake in British Airways and Iberia owner International Airlines Group (IAG) becoming its largest shareholder. The state-owned carrier said it would consider increasing this stake as it expands further into European markets, however this is limited by EU rules on ownership by non-EU companies. The flag carrier [...]
Aer Lingus board to approve third IAG takeover bid January 27, 2015 IRISH airline Aer Lingus would continue to operate as a separate business with its own brand, management and operations if a proposed €1.36bn (£1.02bn) takeover by International Consolidated Airlines Group (IAG) goes ahead. IAG stated yesterday that the board of Aer Lingus has indicated that the financial terms of its most recent bid “are at [...]
Aer Lingus takeover: IAG will “engage with Irish government” to secure its support January 27, 2015 International Consolidated Airlines (IAG) is ready to add Aer Lingus to its roster, with the Irish airline's board set to recommend its third takeover to shareholders. According to IAG, the Aer Lingus board is ready to accept the €1.35bn (£1.01bn) cash offer equal to €2.55 per share, subject to certain pre-conditions. Shares in IAG and Aer [...]
Aer Lingus mulls IAG bid as offer rises to €1.36bn January 26, 2015 Shares climbed 2.42 per cent at International Consolidated Airlines Group (IAG) yesterday, after the company confirmed that it had submitted a third offer for Irish flag carrier Aer Lingus. IAG, which owns British Airways, is proposing a bid of €2.55 per share, which values Aer Lingus at around €1.36bn (£1.02bn). The Irish firm stated that [...]
New York braces itself for “crippling and potentially historic” blizzard January 26, 2015 New Yorkers have been warned to stay inside amid forecasts of a "potentially historic" blizzard, which is expected to result in widespread power cuts and significant travel disruption. The National Weather Service (NWS) has issued a blizzard warning for New York City and its surrounding areas, which describes the storm as "crippling and potentially historic." [...]
Aer Lingus is considering IAG’s increased offer January 26, 2015 Irish flag carrier Aer Lingus is considering a takeover bid by British Airways owner International Consolidated Airlines (IAG). In a market update this morning, it said: “the board is considering the revised proposal”. The most recent offer, which is the third IAG has made since December, values the Irish airline at €1.34bn (£1bn), or €2.50 [...]
British Airways owner IAG makes third Aer Lingus takeover offer January 24, 2015 International Consolidated Airlines (IAG) has increased its takeover offer for Aer Lingus. The owner of British Airways and Spain’s Iberia has submitted a revised proposal to the Aer Lingus board that values the Irish carrier at €1.34bn (£971m) according to Sky News. IAG has already had two cash takeover bids of €2.30 and [...]
Burns Night 2015: Head to Scotland for a luxury getaway January 18, 2015 Travel northwards this weekend to help our Caledonian brothers and sisters celebrate their very own Bard. Here’s our top five luxury Burns getaways… FAIRMONT ST ANDREWS Luxury hotelier Fairmont offers a number of holiday packages so you get what you want out of a trip north of the border, encompassing Hogmanay, Valentines, “Babymoons”, and even [...]
Oil crashes to new six-year low after Goldman Sachs cuts forecasts January 12, 2015 Oil crashed to a new six-year low after Goldman Sachs became the latest banking giant to cut forecasts, saying the price of the black stuff must fall further if it's to discourage investment in its rival shale gas. Brent crude broke the $48 per barrel mark this afternoon taking it to its lowest level since [...]