Aviation industry jubilant as US border opens to vaccinated Brits September 20, 2021 The USA will reopen its border to double jabbed Brits, bringing an 18 month travel ban to an end in a major boost for the UK travel sector. The Whitehouse today confirmed that vaccinated passengers from the European Union and UK will be able to enter the country from November. Prime Minister Boris Johnson, who [...]
Joe Biden lifts US travel ban for fully vaccinated UK and EU passengers September 20, 2021 Joe Biden’s White House has confirmed that fully vaccinated UK and EU passengers will be able to travel to the US from November, sending aviation stocks soaring this afternoon. The news sent shares in IAG, owner of British Airways, up by 11 per cent at the close today, while Air France, KLM and Lufthansa are [...]
BA owner IAG says group will not tap investors for recovery funds September 19, 2021 British Airways owner IAG will not follow in Easyjet’s footsteps by raising billions of euros from shareholders to pull through the extended Covid crisis, the group’s chief executive has said. City eyes had turned to IAG with the expectation that it would be forced to follow Easyjet, whose shares nosedived earlier this month when it [...]
Rallying travel stocks lift London markets September 16, 2021 London’s FTSE 100 edged up today on a rally among travel stocks, helping to partly reverse yesterday’s poor performance. The capital’s premier index gained 0.16 per cent to hit 7,027.48 points, partly evening out losses registered on a choppy day on London markets yesterday. The likes of aerospace engineer Rolls Royce and British Airways parent [...]
Rallying travel stocks lift FTSE 100 – CityAM : CityAM September 16, 2021 London’s FTSE 100 climbed during opening exchanges today, lifted by a rally among travel stocks that helped to reverse yesterday’s poor performance. The capital’s premier index gained 0.44 per cent to hit 7,047.52 points, cancelling out losses registered on a choppy day on London markets yesterday. Also Read: Pre-departure Covid tests may be ditched to [...]
Business travel is taking off, says Lufthansa CEO amid influx of flights at City Airport September 15, 2021 Lufthansa’s CEO says the airline is placing more flights over the next two months as demand for business travel picks up again, according to reports. “We are now seeing very clearly that business travellers are coming back,” chief executive Carsten Spohr told Reuters, who first reported the news, at a conference in Berlin. Spohr said in [...]
Higher than expected inflation clip drags London markets down September 15, 2021 London’s FTSE 100 dipped today, driven lower by a higher than expected inflation clip in August fuelling concerns the Bank of England may rein in stimulus measures sooner than forecast. The capital’s premier index closed down 0.25 per cent to 7,016.49 points, while the mid-cap FTSE 250 finished 1.07 per cent to lower, dropping to [...]
Labour: ‘Reckless’ Priti Patel breached ministerial code over meeting with billionaire Tory donor September 12, 2021 Labour has accused the Home Secretary of being “reckless” and a “serial offender” in breaching the ministerial code after allegations involving a meeting between a billionaire Tory donor and British Airways. The Sunday Mirror reports today that Priti Patel arranged a meeting on 11 August at Heathrow Airport’s Hilton Garden Inn, which is part of [...]
Dominic Raab: 13 Britons onboard first international civilian flight out of Kabul September 9, 2021 Thirteen British citizens were among those on the first international civilian flight out of Afghanistan since US troops left, the Foreign Office has said. The Qatar Airways flight landed in the Qatari capital Doha on Thursday, with some 113 passengers onboard, according to Reuters. A second flight is due in Doha on Friday. Foreign Secretary [...]
FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]