Unique British Airways crash was caused by ice February 9, 2010 AN ice-related technical fault which caused a Boeing 777 to crash-land on the perimeter of Heathrow Airport two years ago was “unrecognised” by aircraft safety procedures at the time. The Air Accidents Investigation Branch (AAIB) said the British Airways jet was forced to ditch after it lost power because of an engine fuel-flow blockage. The [...]
BA reports ‘better than expected’ £50m loss February 5, 2010 BRITISH Airways has reported a £50m pre-tax loss for the third quarter as passenger numbers fell. The result for the three months to December 31 was better than the £151m forecast by analysts. The airline’s deficit for the first nine months of its financial year was £342m. BA boss Willie Walsh said the better-than-expected results [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 4, 2010 FINANCIAL TIMES UNION “NOT MILES APART” FROM BA The broad outlines of a settlement in the dispute between British Airways and its cabin crew are emerging in informal talks between the two sides, the Unite union said yesterday. “We’re not miles apart,” said Steve Turner, national officer for aviation at Unite, which represents BA’s 12,000-plus [...]
BP’s fall takes fuel out of oil stocks but FTSE rises higher February 2, 2010 Britain’s top shares closed higher for the third straight session yesterday as miners and banks extended the previous day’s gains but BP dragged energy stocks lower with fourth-quarter results that missed expectations. The FTSE 100 was up 35.90 points, or 0.7 per cent at 5,283.31, after closing 1.1 per cent higher on Monday. Miners added [...]
BA and Iberia up on deal hopes February 1, 2010 Shares in British Airways rose yesterday on hopes its planned merger with Spanish carrier Iberia will go ahead, despite the European Union (EU) deepening its investigation into the plan. BA, Iberia and American Airlines offered to modify their plans to share more of their lucrative trans-Atlantic routes in an effort to settle a competition dispute [...]
Happy Monday for financials as US data lift big cap shares February 1, 2010 Britain’s top share index closed 1.1 per cent higher yesterday, helped by upbeat US manufacturing data, with banks and commodity stocks topping the list of gainers. The FTSE 100 closed up 58.89 points at 5,247.41, having dipped to 5,163.57 earlier in the session. The index ended 0.8 per cent higher on Friday. Experts said the [...]
Antigua has a touch of Caribbean class January 31, 2010 GREY London Februaries can be hard to bear, which is why Antigua’s sun, sea, sandy beaches – and direct flights – make it a regular haunt for Brits in search of winter sun. This year there is a real buzz around the island, largely because of the re-launch of Rosewood’s Jumby Bay resort, which has [...]
Defensive shares lift FTSE but banks and miners weak January 26, 2010 BRITAIN’S leading share index added 0.3 per cent yesterday, as support for defensive issues, and a modest early rally on Wall Street, offset weakness in heavyweight miners and banks. At the close, the FTSE 100 index was up 16.54 points at 5,276.85, snapping a four-session losing streak, having earlier reached an intraday low for the [...]
BA cabin crew start vote on strike action January 25, 2010 BRITISH Airways staff began voting yesterday on possible strike action after the flag carrier’s bosses and unions failed to strike a deal on a planned shake-up of working conditions. The Unite trade union opened a strike ballot for the airline’s cabin crew after talks with the airline failed to secure a deal on changes to [...]
Hugh Osmond returning to the market January 24, 2010 THE founder of pub chain Punch Taverns is returning to the market to raise up to £500m for an investment vehicle aimed at buying distressed companies and funds. Hugh Osmond, who also floated Pizza Express, is joining other City heavyweights to launch Horizon, which will try to raise the cash via a public offering on [...]