Ebola outbreak: Passengers entering UK will be screened at border October 9, 2014 Passengers entering the UK from Liberia, Sierra Leone and Guinea, all countries at high risk of Ebola, would be screened at the border, the government announced yesterday. The news came as a number of new suspected cases emerged outside west Africa, including a nurse in Australia and a British man in Macedonia. UPDATE: [...]
Eurozone fears pull down FTSE to one-year low – London Report October 9, 2014 THE FTSE 100 yesterday hit its lowest level for a year after early gains fell away in a broad-based sell-off as investors became anxious about signs of serious weakening in the Eurozone economy. The blue-chip index, which hit 6,544 points in morning trading, due mainly to a rise in mining shares, ended the day down [...]
Travel firms take hit as Ebola fear fails to recede – London Report October 8, 2014 BRITAIN’S main equity index fell yesterday as worries about Ebola reaching Europe hurt travel firms and telecoms tester Spirent Communications became the latest UK company to warn on profits. The blue-chip FTSE 100 index closed 13.34 points lower, or 0.2 per cent, at 6,482.24 points, taking its fall from a 14-and-a-half–year high hit last month [...]
IAG and Carnival share prices hit as deadly Ebola virus arrives in Europe October 7, 2014 News that the deadly Ebola virus has reached Europe gave UK travel companies a rocky ride yesterday, with share prices falling across the board. Some of the biggest losers on the news that a nurse in Spain had been infected on EU soil were British Airways parent group IAG and cruise operator Carnival. Both companies [...]
Fears over Ebola contagion puts airlines in a spin – London Report October 7, 2014 BRITAIN’S top share index fell back yesterday, with travel and leisure companies hit by concerns that the spread of Ebola outside Africa could hurt air travel and the tourism business. Sentiment was also hit by a set of poor data, including an unexpected four per cent month-on-month drop in German industrial production in August. Analysts had [...]
Banks lead the pack as FTSE bounces back – London Report October 6, 2014 GAINS in major bank stocks led Britain’s benchmark equity index higher yesterday, and troubled supermarket group Tesco rose after new board appointments. The blue-chip FTSE 100 index, which fell to its lowest closing level in nearly a year last week, closed up by 0.6 per cent, or 35.74 points, at 6,563.65 points. Among the financials, [...]
Mobile phones cleared for use during flights across Europe September 28, 2014 In good news for Europe's air passengers, mobile phones and portable electronic devices (PEDs) have been cleared for use throughout flights. The European Aviation Safety Agency said there was no reason from a safety perspective for passengers to keep their devices switched off or in airplane mode. Devices that will be affected will include tablets, [...]
Why Richard Branson isn’t afraid to fail: Four Virgin businesses that didn’t work out September 9, 2014 It was only a year ago that Richard Branson was prancing around in a red kilt at the launch of Little Red, his domestic airline for the UK, which was designed to provide competition after British Airways owner International Airline Group acquired BMI. Since its launch, though, Little Red has been dogged by rumours [...]
Virgin on ridiculous: Four businesses showing how Richard Branson likes to “fail fast” September 8, 2014 It was only a year ago that Richard Branson was prancing around in a red kilt during the opening of Little Red, his domestic airline for the UK, which was designed to provide competition after British Airways owner International Airline Group acquired BMI. Since its launch, though, Little Red has been dogged by rumours [...]
London Report: Draghi QE hint sends banks and FTSE up but Antofagasta falls August 26, 2014 BRITAIN’S top equity index rose yesterday, with financial stocks outperforming, amid expectations of new economic stimulus measures from the European Central Bank. The blue-chip FTSE 100 index closed up by 0.7 per cent, or 47.51 points, at 6,822.76 points – its highest closing level since early July. As the FTSE was closed on Monday due [...]