FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
BA owner IAG to power a tenth of flights with sustainable fuels by 2030 April 22, 2021 British Airways owner IAG has today committed to powering 10 per cent of its flights with sustainable aviation fuels by 2030. The carrier group said that doing so would remove 2m tonnes from its annual emissions footprint, which it equated to taking 1m cars from the road per year. It is the first European airline [...]
BA inks deal with £60 PCR test firm in boost to summer holiday plans April 21, 2021 Exclusive: BA inks deal provide £60 PCR tests in boost to summer holiday plans
World’s airlines face losses of nearly $50bn in 2021, IATA warns April 21, 2021 Global aviation body the International Air Transport Association (IATA) today warned that the world’s airlines could be facing combined losses of $47.7bn (£34.3bn) in 2021 due to Covid-19. Planes remain grounded around the world as travel restrictions continue to limit flying to a mere fraction of pre-pandemic levels. Although such a loss is a huge [...]
Fears of new variants drives FTSE down two per cent April 20, 2021 London’s main market plunged two per cent today, wiping out last week’s gains amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. The drop pushed the FTSE 100 back through the symbolic 7,000 point mark it smashed last [...]
BA looks set to recover from pandemic, so why are its 40-something pilots giving up their gold-plated pensions? April 20, 2021 In turbulent times, when the future of a company is being called into question, it is not uncommon for staff to transfer out of their employer’s defined benefit (DB) pension scheme, if they have one. Although seen as “gold-plated”, some DB scheme members worry about their scheme falling to the pension lifeboat fund, and that [...]
JetBlue given regulatory clearance to join transatlantic dogfight April 19, 2021 The UK’s aviation regulator has today given US carrier JetBlue clearance to begin operating flights to Britain, in a blow for transatlantic rivals such as British Airways. It is the first time since the UK left the EU that the Civil Aviation Authority (CAA) has given regulatory approval to a foreign carrier. New York-based JetBlue [...]
Markets: Wall Street slips from record levels April 19, 2021 Major U.S. stock indexes fell from record levels on Monday as investors sought cues from first-quarter earnings reports to justify the rich valuation of equities. Tesla was the biggest drag on the S&P 500 and the Nasdaq, with the electric-car maker down three per cent after a Tesla vehicle, which was believed to be operating [...]
Eurostar secures lender support as it eyes government bailout April 18, 2021 Eurostar is said to have signed a deal with its lenders to refinance hundreds of millions of pounds of debt as it looks to secure financial support from the UK government. A group of banks, including Natwest, have agreed to refinance £400m of loans that were due to be repaid this summer, the Daily Telegraph [...]