Experian clashes with watchdog over personal data use October 27, 2020 Experian has clashed with the UK data watchdog over an order requiring the credit reference agency to make fundamental changes to the way it handles customer data. The Information Commissioner’s Office (ICO) today published the findings of a two-year investigation into Experian, Equifax and Transunion over how they use personal data for direct marketing purposes. [...]
Wall Street leads global stocks slump as Covid-19 infections rise October 26, 2020 Wall Street suffered its worst daily decline in weeks today as global stock markets posted losses amid a rise in new Covid-19 infections. There was a sea of red across the major US indices as markets closed this evening, with the S&P 500 posting its sharpest daily fall in four weeks. The downbeat sentiment across [...]
British Airways ends in-flight food partnership with M&S October 26, 2020 British Airways today confirmed that it is set to end its three-year partnership with M&S to provide food on short-haul trips for economy-class passengers. A spokesperson for the airline confirmed the move: “We proudly launched our buy-on-board catering in 2017 with high street favourite, M&S. “After a successful journey, we are headed off on a [...]
EU to allow post-Brexit share trading for London-listed firms October 26, 2020 The EU markets regulator today said investors on the continent will be able to trade sterling-quoted shares of European companies listed in London after the transition period, in a bid to calm fears of post-Brexit trading jitters. The European Securities and Markets Authority (Esma) revised previous guidance that states EU shares must be traded inside [...]
Aircraft orders flatline in September after worst ever quarter October 26, 2020 No commercial aircraft were ordered last month as the global aviation industry recorded its worst ever quarter on record due to the coronavirus pandemic. From July to September, there were just 13 orders placed for planes, a decline of 91.4 per cent on the same quarter last year. There were four orders in July, and [...]
Heathrow owners told to boost funding or risk nationalisation October 25, 2020 The airline watchdog has warned the owners of Heathrow that the airport may be nationalised if they do not provide fresh funding to help it weather the pandemic. The Civil Aviation Authority (CAA) has said that without emergency cash from Heathrow’s shareholders, including the sovereign wealth funds of Singapore and Qatar, the airport may face [...]
Travel corridors: ’50 per cent’ chance of London-New York travel by end of November October 23, 2020 There is a 50:50 chance that a travel corridor between London and New York could be set up before Thanksgiving, Heathrow Airport’s chief executive said today. John Holland-Kaye said that preparations for a trial testing scheme to enable business travel were advancing rapidly. Speaking to the Evening Standard, he said that the national holiday, which [...]
Travel quarantine: Germany and Sweden in line to be added to ‘red list’ October 22, 2020 Germany and Sweden could be added to the UK’s travel quarantine list this afternoon, with both reporting rising numbers of new coronavirus cases. The two countries are among the last places in Europe to which travellers can go without needing to self-isolate for 14 days on their return to the UK. However, both are now [...]
British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter October 22, 2020 British Airways owner IAG nosedives into €1.3bn pandemic loss and cuts flights over winter
FTSE 100 drops as pound surges and Covid worries grow October 21, 2020 The FTSE 100 dropped as investors worried over new coronavirus restrictions and the pound soared amid hopes of a Brexit deal, hurting firms’ overseas earnings. London’s blue-chip index opened flat but had tumbled 1.3 per cent by late morning to 5,814 points. The FTSE 250 was down 0.3 per cent. Read more: UK inflation climbs [...]