Wall Street and FTSE surge as US stimulus and Brexit deal lift sentiment December 29, 2020 Wall Street hit fresh highs and the FTSE 100 posted strong gains today as investor confidence mounts in the final days of the year. The S&P 500 and Dow Jones were up 0.49 per cent and 0.57 per cent respectively as markets opened this afternoon. The Nasdaq also gained 0.42 per cent. Read more: Wall [...]
The travel industry has been abandoned by this government December 23, 2020 The tourism and outbound travel industries are certainly no strangers to the impact of the Covid-19 pandemic. Across the globe, international and domestic travel has been brought to its knees by the far-reaching impacts of coronavirus, and the ramifications are no clearer than in the United Kingdom. In the last few months alone, we have [...]
Airlines agree to screen JFK-bound passengers from Britain for coronavirus December 21, 2020 By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK (Reuters) -British Airways, Delta Air Lines and Virgin Atlantic said on Monday they will allow only passengers who test negative for the coronavirus to fly to New York’s John F. Kennedy International Airport. The decisions follow a request from New York Governor Andrew Cuomo that [...]
Global markets slump amid fears of mutant virus and UK border chaos December 21, 2020 The FTSE 100 and US and European stocks tumbled on Monday while the pound slumped after countries banned travel from the UK over fears of a new coronavirus strain. Adding to the gloom on markets was the impasse in post-Brexit trade talks between the UK and the EU. Rising coronavirus cases in Britain, on the [...]
Sacked PwC accountant avoids strike-off after drunkenly groping sleeping woman on plane December 17, 2020 Ex-PwC accountant James Phipps has avoided being struck off by a disciplinary body, despite serving time in jail in the US for assaulting a sleeping woman on a plane. Phipps was on a transatlantic British Airways flight in 2018 when he groped a sleeping woman’s breasts and then threw a book at her when she [...]
British Airways to stop flights to Sydney and Abu Dhabi amid Covid downturn December 17, 2020 British Airways is axing its direct flights to more than a dozen destinations, including Sydney and Abu Dhabi, as it trims its schedules due to the coronavirus pandemic. The UK flag carrier will cut non-stop flights to 13 destinations from the summer, with others to be suspended for six months. From the beginning of March, [...]
FTSE off to fast start as global markets rise on vaccine rollout December 16, 2020 The FTSE 100 surged upwards this morning as markets round the world hailed the rollout of coronavirus vaccines. The blue-chip index was up one per cent an hour after markets opened, with energy and housebuilder stocks leading the charge. Investors were also buoyed by hopes that the UK could still sign a free trade deal [...]
Anything from the trolley? Easyjet launches doorstep cabin crew service December 10, 2020 Although you might have missed out on going abroad this year, you can still relive the in-flight experience from your doorstep next week, with Easyjet launching its first ever home trolley service. To celebrate the budget flier’s 25th birthday, cabin crew will be making the rounds of homes across London with a fully-stocked trolley on [...]
FTSE 100 and Wall Street chase record highs as vaccine hopes boost markets December 1, 2020 The FTSE 100 logged its best session in three weeks today while Wall Street hit record highs as markets continue to ride a wave of vaccine optimism. The blue-chip bourse closed up 1.9 per cent, while the FTSE 250 midcap index rose by 2.6 per cent. It comes after the FTSE recording its biggest gain [...]
Four Glastos, nine Wembleys and 9,000 London buses: Here’s how many people have lost their jobs in 2020 December 1, 2020 Since March 2020, the number of payroll employees has fallen by 782,000 in the UK. Stats from the Office of National Statistics show the unemployment rate now hovering around 5 per cent. That’s hard to visualise – but what’s the scale of the economic carnage wrought on the UK economy? Those numbers are equivalent to… [...]