Unite union to ballot BA staff February 8, 2011 The union representing British Airways cabin crew said yesterday it planned to ballot members again on taking strike action after saying a recent vote was potentially invalid. Cabin crew voted last month to hold further strikes. The dispute has cost the airline some £150m.
Airlines are wary over NATS plan February 6, 2011 AIRLINES do not want the government to reduce its dominant stake in the country’s air-traffic control system below 25 per cent, it is understood. The government is considering reducing its 49 per cent stake in the air-traffic control system NATS as part of measures to pay off the ballooning public debt. But the Airline Group, [...]
THE TIPSTER February 3, 2011 INTERNATIONAL Consolidated Airlines Group (or IAG) the new post merger moniker for British Airways, has seen its shares slump more than 10 per cent since the change, down to the 150 day moving average at 255p. There is good support at 255p, 250p and even at 240p from the 200 day moving average and spread [...]
IAG unveils maiden numbers February 3, 2011 International Airlines Group (IAG), formed by the merger of British Airways and Iberia, carried 4.5 per cent more passengers in January than the two carriers combined flew a year earlier. IAG said it carried 3.75m passengers last month, up on the 3.59m carried by BA and Iberia in January 2010. However, its passenger load factor [...]
Aer Lingus mulls Asian tie-up February 2, 2011 Irish airline Aer Lingus is looking to clinch a marketing alliance involving the sharing of route codes in the Asia-Pacific region to tap into faster growth outside Europe, chief executive Christoph Mueller said. “In the United States the shake-out is more or less complete in my view… Latin America and Asia are clearly more exciting.” [...]
Bank’s chief hawk says businesses will grow Britain out of recession February 1, 2011 FOR seven months Andrew Sentance stood alone, the only Bank of England rate-setter brave enough to call out for a gradual rise in rates. Yet in January he was finally joined by one of his eight colleagues, Martin Weale, in his appeal for a gradual tightening in the central bank’s rates. “I don’t want to [...]
Broughton’s new company is through to final Tote round January 31, 2011 A new sports investment group formed by Sir Martin Broughton, the former British Airways and Liverpool Football Club chairman, has made it through to the final round of bidding to take over the Tote, the government’s bookmaker. Broughton’s son Michael, of Sports Investment Partners said yesterday: “Sports Investment Partners is very pleased to have been [...]
UK firms hit as tensions in Egypt mount January 31, 2011 THE FTSE 100 closed down 0.2 per cent yesterday at 5,862.94 after a day of jitters fuelled by the escalating tensions in Egypt. The death toll reached over 100 as violent clashes in Egypt continued into their seventh day, with protesters calling for President Mubarak to stand down. Travel firms were hit hardest, with their [...]
Desert sands blowing into the gears of the economy January 31, 2011 THE LAST time Egypt unsettled international markets this badly was in 1973. On 6 October of that year, the Egyptian army mounted a shock assault on the Israeli occupied Sinai Peninsula. After initially losing ground, the Israeli army rapidly recovered, fighting back until a ceasefire was agreed on 25 October. The war, though relatively small, [...]
Vodafone drags on the FTSE despite strong insurer gains January 27, 2011 BRITAIN’S FTSE 100 share index closed slightly lower yesterday, after a dip in index heavyweight Vodafone, dented by weak results from AT&T, offset a surge in insurers following positive broker comment. The FTSE 100 closed down 4.13 points, or 0.1 per cent, at 5,965.08, having added 0.9 per cent the previous session. Vodafone, the company [...]