Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
IAG: Is this the week that British Airways owner’s share price takes off? May 1, 2023 The aviation industry will be looking ahead to British Airways owner IAG’s quarterly results this week, as the airline conglomerate looks to close in on pre-pandemic profits. Analysts at HSBC expect IAG to report this Friday that capacity sits at 96 per cent compared to pre-Covid levels in 2019. The group has been eyeing a [...]
Heathrow to appeal against CAA price cap as airport warns passengers will bear the brunt of ‘underinvestment’ April 19, 2023 Heathrow Airport has said it will launch an appeal against the Civil Aviation Authority’s (CAA) decision on how much it can charge passengers until December 2026. The Competition and Markets Authority will review the airport’s grounds for appeal and decide if any can proceed. Last month the UK Civil Aviation Authority (CAA) confirmed that the cap [...]
‘Allow 120 minutes to complete border controls’: Here’s what Easter holidaymakers need to know April 7, 2023 Holidaymakers have been warned they could face two-hour delays at the Port of Dover this Easter getaway weekend. On Thursday night, ferry operator DFDS urged holidaymakers to “allow 120 minutes to complete border controls and check-in” at the Kent port over the busy bank holiday weekend. It comes after chaotic scenes at the port last [...]
Easter getaway: 17m car journeys, rail disruption, London Euston shut, strikes and queues – here’s all you need to know April 4, 2023 As millions of Brits look to make a short getaway for the Easter holiday, many will find out what it’s like to be sitting in queues or waiting for delayed trains. While rail union RMT called off strikes that had been planned for 30 March and 1 April after receiving a fresh offer from the [...]
FTSE 100 live: London’s blue chip stocks end the week in the black as March bows out ‘like a lamb’ with bulls ‘licking their wounds’ March 31, 2023 London’s premier index ended the week in the black, just. The FTSE 100 was last up at 7,631.74 just 11.31 points or 0.15 per cent. The FTSE 250, which is more UK focused ended the week slightly in the black up at 18,928.30 or 20.56 points higher. Today was the final trading day in a [...]
Heathrow operating ‘as usual’ despite 1,400 staff on strike for Easter weekend getaway March 31, 2023 Heathrow said the airport was operating as usual on Friday despite a strike by security guards in a dispute over pay. Around 1,400 members of Unite will be on strike for 10 days, covering much of the busy Easter weekend, after last-ditch talks broke down on Thursday evening. Picket lines were mounted outside the airport [...]
37 per cent of flights delayed last year – but London’s Heathrow, Gatwick and Luton airports not worst offenders March 22, 2023 More than a third of flights to and from UK airports last year were delayed, new figures show. The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022. That is up from 17 per cent in both of the preceding two years and 25 [...]
Heathrow reports busiest day since Christmas 2019 on half term getaway and lifting of Asia covid restrictions March 13, 2023 Heathrow Airport has exceeded pre-pandemic passenger levels for the first time since coronavirus, thanks to the February half-term rush and lifting of restrictions in east Asia. The good news was fuelled by a late getaway last month as millions of Brits took the chance to escape freezing Britain for some sun. Figures from the airport [...]
Explainer: Heathrow loses in landing fees war – to the benefits of passengers March 8, 2023 Today wasn’t a good day for Heathrow, and that’s before you start on the snow delaying arrivals. The airport was forced to slash landing fees by 20 per cent, starting next year. The regulator, the Civil Aviation Authority, sided with the airlines who have been fighting with the airport to bring the fee down. The [...]