Exclusive: eDreams considers legal action after Iberia’s flip-flop October 27, 2014 Europe’s largest flight comparison firm, eDreams Odigeo, is mulling legal action after its shares tanked nearly 60 per cent on Friday when Iberia and British Airways (BA) pulled tickets from three of its websites. Iberia and BA, both part of the International Airlines Group, added their fares back to two of the three websites on [...]
Advisers back in the spotlight after eDreams’ shares fall 91pc since float October 27, 2014 THE STEEP underperformance of shares in eDreams, which were suspended at the end of last week, has shone a critical light on the advice of STJ Advisors – the firm set up by former Nomura banker John St John in 2008. STJ has had a busy year advising on deals in the European equity capital [...]
eDreams becomes an eNightmare as its shares are suspended following Iberia ticket controversy October 24, 2014 Shares in travel website eDreams Odigeo have been suspended from trading by a Spanish regulator after they plummeted 59.1 per cent in a single day. The company, which is based in Barcelona, listed just six months ago at €10.25, but plummeted to €1.023 today before the regulator called a halt to trading. The fall came after [...]
10 things we learned this week: From Tesco’s share price and Facebook’s tax bill to cures for Ebola and the EU budget October 24, 2014 What a week. From troubles at Tesco (not least its share price) to Facebook's UK tax bill, we've had a busy front on company news. And when it came to international goings-on, the EU really kept us on our toes, while Ebola continued to dominate the news. Here we digest the top 10 stories [...]
West Coast main line: Has Richard Branson forgotten the virtues of competition? October 23, 2014 Richard Branson’s famous guerrilla campaign to break British Airways’s grip on Heathrow Airport is safe in history as a victory for competition and passenger choice. The tenacious campaign fought by Virgin to secure access and slots at Heathrow dominated the UK aviation scene for most of the 1990s, and ultimately led to lower fares and [...]
British Airways pairs music and menus to make airplane food taste better with Lily Allen, Paolo Nutini and Coldplay playlist October 22, 2014 Foodies and music fans will enjoy British Airways' latest efforts to make the experience of flying a little less painful. After its seven-hour train film to settle sleepless passengers, as well as its “happiness blanket”, comes the “Sound Bite”. That’s the pairing of music with food menus in a way that is designed to improve the [...]
FTSE 100 rebounds as oil price rises and Shire jumps on bid report – London Report October 21, 2014 Gains in big oil companies and drugmaker Shire yesterday lifted Britain’s top equity index, which extended a rebound after falling to 15-month lows last week. The FTSE 100 index closed up by 1.7 per cent, or 105.26 points, at 6,372.33 points. Shire rose 2.61 per cent to 3,848p, after Reuters reported that Botox-maker Allergan shareholder [...]
Gonzalo to blast rush hour and hit flights October 20, 2014 Gusts of up to 70mph are predicted to hit Britain today as the last of Hurricane Gonzalo sweeps through. The Met Office issued a gale warning, as the winds hit Blackpool (above), predicting difficult conditions during today’s morning rush hour and damage to trees. It may be very disruptive and several of today’s British Airways [...]
Miners and robust US results help to lift FTSE off slump – London Report October 14, 2014 A RISE in major mining stocks, yesterday coupled with solid US corporate results, enabled Britain’s top equity index to rise off 15-month lows. The FTSE 100 index had been pegged back near those lows for much of the day, but then rose after the US stock market was boosted by robust results from Citigroup and [...]