Aviation bosses set out their stalls for London expansion February 13, 2013 TRANSPORT bosses locked horns over how to provide London with more flights yesterday, as rival firms ramp up campaigns aimed at the coalition’s Davies Commission on the future of air travel. Gatwick chief executive Stewart Wingate said his firm will propose to Davies that the UK should allow a new runway each at Gatwick and [...]
Heathrow boss defends plans to hike charges February 12, 2013 HEATHROW yesterday defended its plan to hike passenger charges from next year to pay for its upgrade work. The airport said it wants to spend £3bn between 2014 and 2019 to complete the revamp of terminal two, install more self-service check-in desks and improve punctuality. The plans, which must be approved by the Civil Aviation [...]
British Airways carries IAG stats February 5, 2013 International Airlines Group posted a slight rise in January traffic, as strong growth at British Airways again made up for weakness at Spain’s Iberia. Traffic, measured in revenue passenger kilometres, rose 0.7 per cent versus January 2012 on capacity one per cent lower. IAG said its first and business-class travel, the most profitable part of [...]
Axe tax and lift growth, airlines urge Osborne February 4, 2013 SCRAPPING air passenger duty (APD) would end up benefiting the public purse, according to research conducted by PwC and commissioned by airlines. If the government ended the controversial levy on air travellers entering or leaving the UK, the subsequent boost to businesses could lift GDP by 0.46 per cent this year, the study by PwC [...]
City Moves for 4 February 2013 | Who’s switching jobs February 3, 2013 Ultra Electronics The security, defence and energy company has appointed Mary Waldner as its group finance director. She is currently director, group finance at QinetiQ Group, and has previously served as group finance controller at 3i. Waldner additionally spent 10 years in senior roles at British Airways. Linklaters William Kirschner has been elected partner in [...]
What the other papers say this morning January 31, 2013 FINANCIAL TIMES Barclays in Qatar loan probe UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout. Neither Sheikh Hamad bin Jassim bin Jabr [...]
Sale of UK air traffic attracts interest from 3i January 27, 2013 LISTED private equity firm 3i has entered the fray to snap up a minority stake in the UK’s air traffic control agency amid an ownership shake up at the air controller, it emerged yesterday. 3i, led by chief executive Simon Borrows, is understood to have registered its interest in bidding for a 12 per cent [...]
FTSE hits another 4.5 year peak as afternoon session scares off bears January 17, 2013 BRITAIN’S blue-chip shares reversed early losses to hit a four and a half year high yesterday after several big fallers bounced back to expunge sellers from the market. Banks gained 0.9 and are now up around 2.5 per cent since the previous session’s lows, boosted by forecast-beating earnings from JP Morgan Chase and Goldman Sachs [...]
Will the European ruling on wearing religious symbols at work cause trouble for employers? January 15, 2013 YES Chris Fisher In contrast with the UK courts – which didn’t see the cross as a “requirement” of the Christian faith – the European Court has said that the way a belief is manifested only needs to be “intimately linked” to the belief. Once that is established, the employer will need to justify any [...]
What the other papers say this morning January 9, 2013 FINANCIAL TIMES Hovis forced to turn to EU grain Hovis, one of the UK’s top-selling breads, is to abandon its pledge to use only British wheat following rain-blighted harvests. Hovis will start using EU grain from this weekend. The move is a blow for UK farmers, who are already reeling from relentless rain in 2012 [...]