Banks and miners push FTSE to its highest close in a week August 17, 2010 FINANCIAL stocks and commodity companies pushed Britain’s top share index up for a third session by the close on Tuesday, as fears about a global economic slowdown abated and raw material prices gained. The FTSE 100 ended up 74.45 points, or 1.4 per cent, at 5,350.55, its highest close in a week. Miners were firmer, [...]
BAA fends off strike with 2pc pay offer August 17, 2010 THE UNITE union told its workers yesterday they should accept a pay offer by airport operator BAA, as strike action over the August bank holiday was averted. BAA has offered ground staff a two per cent pay rise plus a one-off payment of at least £500 depending on company results, the union said yesterday, following [...]
Pay deal averts BAA strike pain August 16, 2010 FEARS of travel chaos over the busy Bank Holiday faded last night after airport operator BAA secured a last-ditch pay deal with unions, who agreed to call off planned strikes. In a dramatic climbdown, Unite said it would urge workers at Heathrow, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen airports to accept a “much improved” pay [...]
Take off in the blue with aviation equity growth August 16, 2010 WITH tour operators struggling, strikes looming and the spectre of wildcard events like May’s volcanic ash cloud, contracts for difference (CFD) traders might be justifiably nervous about the aviation industry. But this caution flies in the face of the figures: globally, the sector is growing at a healthy pace and even the major European carriers [...]
THE TIPSTER August 16, 2010 As recent demand for both sterling and the euro wanes while economic uncertainty persists, buyers are taking advantage of the recent falls in the dollar and loading up on greenbacks. This has started to push up the US dollar trade-weighted index. ETX Capital is currently quoting 8241-8249 for the September dollar index. It has been [...]
EasyJet boosts its traffic in July as it flies more than five million passengers August 5, 2010 LOW-COST airline easyJet, which is in dispute with founder Sir Stelios Haji-Ioannou, said yesterday it flew 7.7 per cent more passengers last month than the previous year. During July, one of the busiest months for air travel, easyJet carried 5.02m passengers, an increase from the same period last year when it flew 4.66m customers. EasyJet [...]
British Airways sees its July passenger traffic fall August 4, 2010 British Airways (BA) carried 2.6 per cent fewer passengers in July compared with the year before and said it expected summer traffic volumes to be lower than last year. BA carried 3.19m passengers last month, down from the 3.21m in July 2009, while its load factor — a measure of how well it fills its [...]
BA and cabin crew union begin fresh negotiations August 2, 2010 SENIOR members from trade union Unite and British Airways (BA) met yesterday to reignite negotiations to head off another potential set of strikes by the airline’s cabin crew. BA chief executive Willie Walsh met with Unite’s joint general secretaries Tony Woodley and Derek Simpson for a short period yesterday at conciliation service Acas with plans [...]
Syrian mulls £400m bid for Liverpool August 1, 2010 A FORMER Syrian international footballer has become the latest businessman to be linked with a bid for Liverpool Football Club. Yahya Kirdi, who claims to be fronting a consortium of wealthy Arab investors, is understood to be in talks with the club’s much-maligned American owners. There was speculation earlier this year that Kirdi, who is [...]
BEST OF THE BROKERS July 29, 2010 EASYJET easyJet revealed strong revenue trends for the third quarter, according to Royal Bank of Scotland (RBS), which said it was, however, lower than expected. Profit guidance was unchanged as the volcano impact was confirmed at the top of the range. RBS reiterates its “hold” rating, noting operational instability is leading to incremental costs. CENTRICA [...]