BA and Iberia days away from March completion of merger March 25, 2010 BRITISH Airways (BA) and Spanish carrier Iberia are just days away from completion of their planned merger as both say they are on course for a March completion. Expectations that the two would sign the merger yesterday were quashed after Iberia made no announcements prior to a board meeting. The deal is expected to be [...]
FTSE 100 soars to 21-month high boosted by Greek bailout March 25, 2010 BRITAIN’S top shares hit a 21-month closing high for the third day in a row yesterday, helped by a rally in banks as sovereign debt concerns faded, while retailers were boosted by upbeat results from Next and UK retail sales. The FTSE 100 ended 49.77 points higher at 5,727.65, finishing above the 5,700-mark for the [...]
BA strips perks away from striking crew March 24, 2010 BRITISH Airways (BA) has withdrawn travel perks for cabin crew walking the picket line, the airline confirmed. Staff taking part in the work stoppage this coming weekend and last weekend have been told they will loose their access to heavily discounted travel as a result of walking off the job. A spokesperson from the airline [...]
LISTED PRODUCT NEWS March 24, 2010 RBS FLIES BA WARRANTS You can now trade covered warrants on British Airways (BA) and Citigroup with Royal Bank of Scotland. Both put and call warrants are available and for those with long investment horizons, the expiry dates – some as far-out as June next year – should be welcome news. It may also take [...]
Network Rail, British Gas set to strike March 23, 2010 NETWORK Rail and British Gas joined the ranks of British Airways (BA) yesterday after staff at the two companies voted in favour of a strike action. Network Rail sat down with the Rail, Maritime & Transport (RMT) union yesterday to come to an agreement over a proposal by the rail operator to cut 1,500 maintenance [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 22, 2010 FINANCIAL TIMES MOD TALLIES COST OF CUTTING PROJECTS The Ministry of Defence has instructed its equipment managers to calculate the cost of cancelling all individual programmes in the latest sign of the budget squeeze it faces. The directive, issued in the past two weeks, underlines that no programme, even if under contract with industry, is [...]
BA and Unite disagree over strike figures March 22, 2010 BRITISH AIRWAYS and cabin crew union Unite continued to stand their ground yesterday, even as a three day strike drew to an end. BA said it was still open to talks with Unite but that there were no immediate plans to go back into negotiations over plans to cut the pay and staff numbers of cabin [...]
A third of BA flights cancelled on strike day three March 22, 2010 MORE than a third of British Airways flights at the UK’s major airports were cancelled on day three of strike action by cabin crew, according to BA’s website. The airline said 200 of the 563 of the flights due to take off or land at 11 airports had been scrapped. Unite, the union who called [...]
Defiant BA flies on despite chaos March 21, 2010 BRITISH Airways flew 49,000 customers yesterday despite a strike action by cabin crew. The airline said yesterday that 55 per cent of Heathrow based cabin crew turned up to work, and 97 per cent showed up at Gatwick. Originally the airline thought it would fly 45,000 passengers, or 60 per cent, on each day of [...]
BA strike to go ahead after talks crash March 19, 2010 A STRIKE by British Airways cabin crew will go ahead after last ditch talks between the airline and the Unite union failed. The first three-day strike by 12,000 cabin crew begins on Saturday, with a four-day walkout planned from 27 March. Unite’s joint general secretary Tony Woodley said: “BA does not want to negotiate and [...]