Twitter launches ‘tip jar’ to let users send money to favourite accounts May 7, 2021 Twitter has launched a new “tip jar” feature which will allow people to send money to others on the site. To begin with, only a select group of people will be able to receive tips, including journalists, experts and content creators. The social media giant says the feature is “an easy way to support the [...]
FCA proposes structure shake-up to tackle illiquid fund flaws May 7, 2021 Britain today put forward a new long-term asset fund structure to invest in illiquid assets, such as real estate and infrastructure, following a series of high-profile suspensions. Illiquid assets typically offer better long-term returns but come with higher risk. They can be difficult to value or sell in a crisis, making it hard to meet [...]
Analysts warn British Airways’ fortunes are tied to lucrative London to New York route May 7, 2021 British Airways owner IAG today said it is “ready to fly” but is pinning its hopes on urgent government action after tumbling to a €1.1bn loss in the first quarter. IAG’s fate lies heavily in the hands of reopening the profitable London to New York business travel market, according to analysts. Passenger capacity for the [...]
Blackstone makes £1.2bn offer for property developer St Modwen May 7, 2021 Property developer St Modwen today said that private equity firm Blackstone had made a potential takeover offer, valuing the British firm at around £1.2bn. The London-listed company said the possible cash offer of 542p per share was a premium of about 21 per cent to the stock’s last close. St Modwen Properties said its board [...]
British Airways owner IAG posts €1.1bn loss as passengers remain grounded May 7, 2021 British Airways owner IAG today reported an operating loss of more than €1.1bn for the first quarter as the pandemic kept passenger numbers low. Passenger capacity for the first three months of the year was 19.6 per cent of 2019 due to government restrictions and quarantine requirements. IAG hopes to push passenger numbers up to [...]
Tui offers £20 Covid tests for British holidaymakers May 6, 2021 Tui will offer British holidaymakers cut-price Covid tests following the government’s announcement earlier this week that vaccine passports would not be ready in time for the resumption of international travel. The British airline said it would slash the cost of mandatory PCR tests for travellers returning to the UK to £20 under new plans to [...]
British holidaymakers face expensive Covid tests amid delay in vaccine passports May 6, 2021 British holidaymakers face hefty Covid tests at borders as a result of delays in the development of vaccine passports for overseas travel, Downing Street admitted yesterday. Number 10 said earlier this week that tweaks to the NHS app to display proof of vaccination were unlikely to be made in time for the lifting of the [...]
BA pilots hail ‘incredible and emotional’ medical aid flight to India May 5, 2021 The British Airways pilots flying an aircraft packed with 27 tonnes of medical aid to India have hailed the hard work that has gone into getting the flight off the ground. The airline said the load included hundreds of oxygen cylinders, plus respirators, blood oxygen saturation monitors and care packages. A total of 1,349 items [...]
FTSE ends day with slump as Wall Street’s Nasdaq plunges nearly three per cent May 4, 2021 The FTSE 100 slipped back below the 7,000 point mark by the market close, despite a strong start to the week’s trading after the Bank Holiday weekend. The blue-chip FTSE 100 index fell 0.67 per cent by the end of the day, with banking stocks, including HSBC Holdings, Barclays and Standard Chartered posing the biggest drag on [...]
Ryanair to power 12.5 per cent of flights with sustainable fuels by 2030 April 29, 2021 Ryanair plans to power 12.5 per cent of its flights with sustainable aviation fuels by 2030, the airline said this morning. The announcement comes days after its rival British Airways committed to using the fuels to power 10 per cent of its flights. Group Chief Executive Michael O’Leary had said earlier this month that the [...]