Mentors are key to helping entrepreneurs reach the next stage of development November 13, 2013 IT SEEMED Julie Waddell had all the ingredients for success when she set up Moorish, which sells Britain’s only smoked hummus products. Orders were pouring in, a leading supermarket had expressed interest in her wares and she had been nominated for an industry award. But Waddell needed help. Lacking business experience, she turned to Chris [...]
What the other papers say this morning – 13 November 2013 November 12, 2013 FINANCIAL TIMES Forex probe widens to 15 banks The global probe into foreign exchange manipulation has widened to include 15 of the world’s biggest banks and some of the most actively traded currencies, as lenders scramble to help authorities in exchange for leniency. The UK’s Financial Conduct Authority – one of seven regulators handling the [...]
IAG sees profits up as Iberia makes steady progress November 8, 2013 International Airlines Group (IAG) – the British company formed by merging British Airways and Iberia Airlines in 2011 – has reported third quarter operating profit of €690m (£574.89m), from €270m for the same period last year. The profit jump comes as Iberia's restructuring programme sees progress. (Release) In October, Iberia unveiled its new corporate image [...]
IAG shakes up board structure November 7, 2013 British Airways boss Keith Williams will also take up the chairman’s seat as part of a board reshuffle at parent firm IAG. Martin Broughton, the current chairman, is leaving the BA board but will keep his role as deputy chairman at IAG, which was formed with BA and Iberia merged in 2011. Meanwhile Luis Gallego [...]
Hotel focus: Oitavos, Portugal November 3, 2013 TRAVEL writing tradition dictates that a property sitting amid mountains, forestry or, in this case, the windswept dunes of Portugal’s Atlantic coast, should be described as “nestled” among its surroundings. Not the Oitavos Hotel though. The five-star hotel near Lisbon looks like it has crash landed in the sand and grasses – a tower of [...]
Ireland taps Willie Walsh for debt agency October 28, 2013 IRELAND appointed airline chief Willie Walsh to its government debt agency yesterday, securing the former British Airways boss’s broad experience as it returns to financial markets following an €85bn bailout. Walsh, now chief executive of British Airways’ parent International Airlines Group, will become chairman of the National Treasury Management Agency’s (NTMA) board of directors once [...]
Transport bosses in stay-at-home storm October 28, 2013 READERS that chose to stay at home rather than face the chaos that was the St Jude storm yesterday were in excellent company. Several witnesses due in front of the House of Commons transport committee, including representatives of British Airways, Heathrow, Gatwick and the Local Government Association, were unable to show up. Even some of [...]
London Report: FTSE stalls at a five-month high as big storm hits October 28, 2013 BRITAIN’S blue chip share index steadied yesterday after hitting a five-month high, stalling just above the key 6,700 points level as a mixed crop of earnings led to profit taking and bad weather curbed activity. Airlines were among those hit by profit taking, as the St Jude storm in Britain disrupted flights. Easyjet dropped 2.3 [...]
BA boss Walsh says third runway at Heathrow will never happen October 22, 2013 WILLIE Walsh, the head of British Airways’ parent company, said yesterday he believes the mooted third runway at Heathrow will never be built. Walsh blamed nimbyism as well as politicians picking vote-winning policies over long-term planning for his pessimism. Heathrow has been lobbying the government’s Davies Commission for its blessing to build a new runway [...]
Best of the Brokers for 23 October 2013 October 22, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ARCELOR MITTAL UBS has moved the steel giant from “buy” to “sell” and dropped its target price from €11.50 to €10.50, after cutting its expectations for the group’s earnings before interest, tax, depreciation and amortisation by nine per cent next year and 8.5 [...]