Easyjet boss: We can ‘take advantage’ of European rivals who got state bailouts January 28, 2021 Easyjet’s chief executive has said not getting government bailouts like continental rivals during Covid-19 could benefit the budget carrier as it seeks to grow in Europe. Unlike in many European countries, the UK government has not propped up the country’s airlines despite multiple calls to do so. But Johan Lundgren said the restrictions imposed on [...]
UK airline bosses warn PM against making all arrivals subject to hotel quarantine January 26, 2021 The bosses of British Airways, Easyjet, Virgin Atlantic, Jet2 and others have written to Prime Minister Boris Johnson to warn him off a blanket policy forcing all UK arrivals into hotel quarantine.
Grindr hit with £8.5m fine over data privacy breach January 26, 2021 Grindr is set to be slapped with a hefty fine after regulators found it had illegally disclosed user data to advertising firms. The Norwegian Data Protection Authority has announced an intention to fine the gay dating app 100m krona (£8.5m) — equivalent to 10 per cent of its annual turnover — over the breach. The proposed [...]
FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals January 25, 2021 FTSE 100 closes at three-week low as ministers mull hotel quarantine for arrivals
Airline and travel stocks plunge as markets await new border controls January 25, 2021 Share went sliding on Monday for travel and transport companies, as news broke that all UK arrivals could face quarantine
Airline, hotel and travel shares slump on summer holiday warnings and UK quarantine rumours January 22, 2021 Shares in airline, hotel and travel companies have sunk today, after UK Government ministers poured cold water on summer holidays being back to normal this year.
BA owner IAG slashes purchase price for Air Europa in half January 20, 2021 British Airways owner IAG has slashed the price of its purchase of Air Europa in half, the airlines group announced this morning. IAG will now pay €500m for the budget carrier, down from the €1m agreed in November 2019. After the coronavirus pandemic struck, decimating the airline industry, IAG pushed to reduce the price of [...]
Over 16,000 customers seeking compensation for British Airways data breach January 13, 2021 More than 16,000 people are seeking compensation from British Airways (BA) over a data breach in 2018, lawyers for the victims said today. In September 2018, the UK’s flag carrier revealed that the personal details of 420,000 customers – including names, debit and credit card numbers, addresses and email addresses – had been stolen. Now [...]
FTSE 100 stutters after touching 6,900 but Wall Street pushes on January 7, 2021 The FTSE 100 stuttered today after touching 6,900 points this morning in yet another fast open to trading, but US markets traded higher again. London’s premier index rose 0.8 per cent at the open to stand at 6,903 points, its highest level since before the pandemic. However, traders soon slammed on the breaks, with the [...]
UK fundraising hits ten-year high as listed companies scramble for cash January 4, 2021 Fundraising by London-listed businesses reached its highest level in a decade last year as the pandemic drove companies to raise money on public markets. 2020 saw the value of secondary equity raisings on the London Stock Exchange nearly double from £14.5bn in 2019 to £8.8bn in 2020, according to new research by Pinsent Masons. In [...]