Athletes recommend City hotspots to tourists July 23, 2012 DON’T be alarmed if you bump into a supremely toned woman with a steely glint in her eye during your lunchtime stroll around St Paul’s Cathedral – it’s probably just Olympic triathlete Helen Jenkins visiting her favourite City landmark. Britain’s Team GB medal hopefuls have been roped into naming their favourite capital sights as part [...]
Virgin is ready to take on high street banks July 15, 2012 AIRLINE owners are known for being colourful characters. They have to be, given the lengths they go to make money from air travel amid surging costs, awkward regulations and fears about damaging the planet. In the current climate, the same could be said about bank owners. But Sir Richard Branson is excited at the prospect. [...]
Airline fury as growth halted July 11, 2012 AIRLINES expressed dismay yesterday that the government could push back its consultation on increasing airport capacity until the autumn. “It looks like the government has stumbled before it has started,” said British Airways owner IAG. “While we prevaricate, other countries storm ahead. Every delay is another step backwards for Britain.” Virgin Atlantic also weighed in, [...]
British Airways launches bond July 9, 2012 British Airways said yesterday it is looking to raise up to £250m by selling an innovative bond secured against 31 of its Heathrow landing slots. Investors in the bond, the final terms of which will be determined by market demand, will be given access to the assets of a BA subsidiary shell – including the [...]
Live like a true king in Kingston July 8, 2012 THE SUN descends over Kingston town, casting a warm blood orange-hued glow over the city and dramatic dock beyond. At street level music systems crank out raga, cars beep, locals chat animatedly by beer shacks and jerk chicken stands as our car weaves masterfully through the throng of traffic. “Rush hour,” explains our driver, handing [...]
British Airways owner expects Olympics to hit premium traffic July 4, 2012 BRITISH Airlines owner IAG reported a six per cent jump in like-for-like passengers numbers for June yesterday. But the firm, which is running an advertising campaign urging Britons to stay in the country during the Olympics, repeated its forecast that the Games will dampen premium traffic figures during the summer. IAG said it carried 5.05m [...]
Why rivals are banking on Diamond’s downfall July 2, 2012 Whenever a banking scandal breaks in the City, be it rogue trade allegations at UBS, a massive trading loss at JP Morgan or the current Libor interest rates scandal, the first concern is for the reputation of the industry as a whole. But, investment bankers being possibly the most competitive bunch on the universe, the [...]
DO YOU SHOP AT A DISCOUNT SUPERMARKET? June 26, 2012 RICHARD CORBEN MINISTRY OF JUSTICE I shop at both because of the low cost. They are cheap and also in a good location. In the town where I live we have Lidl and an Aldi, and I am satisfied with the quality. PAOLO ADRAGNA FIDESSA I shop at Lidl from time to time because it [...]
UK firms say extra Heathrow runway must be on the table June 25, 2012 TRANSPORT firms and business groups have urged the coalition to break a decades-long impasse on UK aviation policy and make transparent plans to address capacity issues at Britain’s airports. Airport operator BAA, British Airways owner IAG, Virgin Atlantic and the British Chambers of Commerce are among a group lobbying for a long-term plan by the [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS June 24, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 13 June to Wednesday 20 June. British Airways has jumped in the rankings, following the [...]