Liverpool granted extension on debt pile after nightmare season May 9, 2010 PREMIER League club Liverpool, put up for sale by its US owners last month, has been granted an extension on its debt pile under a deal brokered by its new chairman. A minimum 12-month extension had been granted on £237m of loans from Royal Bank of Scotland, giving loss-making Liverpool until the end of next [...]
Euro flights grounded by looming ash May 9, 2010 FLIGHTS into and from mainland Europe faced disruptions yesterday after the ash cloud emanating from Iceland’s Eyjafjallajokull volcano continued to threaten air safety. Airports in Italy, Spain and Portugal faced a slew of weekend closures as authorities continued to report thick ash concentration between the ground and 20,000 feet in the air, grounding hundreds of [...]
BA strike likely as crew vote down proposal May 9, 2010 BRITISH Airways (BA) cabin crew voted overwhelmingly in favour of rejecting the airline’s latest offer, signalling that a further strike is likely. Up to 81 per cent of crew voted against the offer presented by BA last month after more than 70 per cent of the airline’s 12,500 cabin staff took to the polls. BA [...]
EasyJet passenger figures hit as ash cloud chaos takes its toll on airlines May 7, 2010 EasyJet today revealed the true cost of the volcanic ash cloud which grounded planes for six days and left the airline industry reeling. The budget carrier had 3.49m passengers last month – down 7.6 per cent on April last year. The figure was also under the 4.3m expected before the eruption in Iceland. The spread [...]
LONDON TURNS OUT IN FORCE TO WATCH FINAL ELECTION SHOWDOWN May 6, 2010 FITTINGLY for one of the most important elections in this country’s history, turnout smashed expectations yesterday – and we’re talking of the bars, pubs and restaurants of London, rather than of the polling stations. The City, eager to know what the next government will have in store for them, flocked to parties as the results [...]
BA to face fresh walk out threats May 6, 2010 BRITISH Airways (BA) could face more disruptions to its services as cabin crew finish voting today on whether or not to reject a peace offering from the airline and launch another strike action. Unite, the union representing the crew, had earlier urged staff not to accept the deal proposed by BA on the grounds that [...]
A tranquil heaven far from clubland May 6, 2010 AS any Europhile will tell you, away from the clubs, Ibiza is one of the Mediterranean’s brightest gems: as tranquil and exotic as anywhere in Europe, with crystalline waters, dramatic vegetation, ancient stone architecture, wonderful local cuisines and a true Spanish feel. And with British Airways’s new direct flights from City Airport, Ibiza’s charms as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 5, 2010 FINANCIAL TIMES XEROX CHIEF SETS OUT THE BIG PICTURE Ursula Burns, chief executive of Xerox, has been working overtime to justify an acquisition designed to transform one of the most famous names in corporate America. The $6.4bn purchase last September of ACS, an IT services company, was guaranteed to get Wall Street’s attention. Coming only [...]
Ash grounds Scottish and Irish flights May 5, 2010 ICELAND’S volcano grounded flights out of Ireland and Scotland yesterday, as a fresh ash plume again disrupted the holiday plans of thousands of passengers. The Irish Aviation Authority (IAA), the National Air Traffic Services (NATS) and the Civil Aviation Authority (CAA) closed airspace in Ireland and Scotland, affecting major airports and international flights after the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 4, 2010 FINANCIAL TIMES PAULSON ASSURES INVESTORS OVER GOLDMAN FALLOUT John Paulson, whose hedge fund profited from the transaction at the heart of the civil fraud charges filed in the US against Goldman Sachs, has pledged to his investors that he will bear the costs of any litigation brought against his company in the matter. Mr Paulson’s [...]