Aer Lingus rejects latest takeover bid from British Airways owner International Consolidated Airlines January 10, 2015 Once again, Irish airline Aer Lingus has rejected a takeover offer from International Consolidated Airlines (IAG). The holding company, which was set up by Willie Walsh and owns British Airways, upped its takeover offer to €2.40 (£1.88) a share at the end of December. Previously, IAG had made a bid of €2.30 a [...]
Here are the world’s 10 safest airlines: Qantas, British Airways and Cathay Pacific Airways January 8, 2015 Anyone who fears flying can take some comfort from this list of the world's 10 safest airlines. Australian airliner Qantas' fatality-free record has propelled it to the top of a list, which was compiled by ratings website AirlineRatings.com. "Over its 94-year history Qantas has amassed an extraordinary record of firsts in safety and operations and [...]
Brent crude oil falls below $50 January 7, 2015 The price of Brent crude oil has dipped below $50-a-barrel mark for the first time in five and a half years, marking a symbolic moment for oil. The black stuff fell another two per cent this morning to $49.99 a barrel. Yesterday Brent crude dipped to $51.12, following a six per cent fall on Monday, [...]
Oil prices sink below $50 a barrel as petrol costs tumble January 5, 2015 Boost for motorists and airlines as petrol costs tumble… yet the speed of black gold’s collapse spooks global markets. The price of oil slid further yesterday, providing a boon to motorists and fuel-dependent industries, yet contributing to market turbulence throughout the world. American crude crashed below $50 a barrel during trading, while benchmark Brent tumbled under [...]
Ebola reaches the UK as one case confirmed and two people tested December 30, 2014 Two more patients are being tested for Ebola in the UK, less than 24 hours after a woman in Glasgow tested positive for the virus. In Cornwall, a suspected sufferer was taken into isolation at the Royal Cornwall hospital, near Truro. They were admitted yesterday evening after showing symptoms of the disease, and had recently [...]
Ebola spreads to Scotland: First case of deadly virus confirmed at hospital in Glasgow December 29, 2014 A healthcare worker at a hospital in Glasgow has tested positive for Ebola – the deadly disease that has killed thousands of people in west Africa since December 2013. The worker, reportedly female, flew back to the Scottish city from Sierra Leone last night. Sierra Leone is one of the three countries most affected by [...]
Flight QZ8501 disappearance: AirAsia share price falls most in three years December 29, 2014 Shares in AirAsia closed 7.8 per cent down yesterday after the disappearance of flight QZ8501 on its way from Surabaya in Indonesia to Singapore. The fall is its largest single-day drop since September 2011. AirAsia was the most active stock on the Kuala Lumpur Stock Exchange, with 59.5 million shares traded during the day. That's [...]
British Airways owner rejected by Aer Lingus December 18, 2014 Irish flag carrier Aer Lingus yesterday revealed that it had knocked back an offer from international rival IAG, owner of British Airways. Despite the knock-back, IAG is expected to come back with an improved offer, which could be supported by Ryanair. The budget carrier is a major shareholder in Aer Lingus, although it may soon [...]
Santa rally in sight as FTSE jumps again – London Report December 18, 2014 THE FTSE 100 enjoyed one of its best days of 2014 yesterday, as the US Federal Reserve’s pledge for a “patient approach” to any interest rate increase lifted stock markets around the world. Financial services company Old Mutual and British Airways owner International Consolidated Airlines Group (IAG) were among the best performers on the blue-chip [...]
Aer Lingus rejects takeover bid by British Airways owner IAG December 18, 2014 Aer Lingus has rejected a takeover bid by International Consolidated Airlines Group (IAG), the latter said in a statement to the London Stock Exchange today. It confirmed an earlier report it had made a takeover bid for the company. IAG, the company behind British Airways and Spanish flag carrier Iberia, also said there was no certainty of [...]