BA flights up but profits will be impacted
British Airways resumed flights out of Heathrow Airport in London on Friday after the cancellation of over 620 flights in a two day period due to a dispute with a catering company that supplies the airline there.
The airline hopes to get 31 flights, both short-distance and long-haul, out of the airport by midnight […]
BAA Plc says passenger figures up despite bombings
The biggest airport operator in the UK said on Wednesday that July passenger volumes were up despite an impact from the London bombings kept some passengers at home.
BAA Plc, which operates seven airports including Gatwick and Heathrow, said that passenger traffic grew by 2.6 percent in July compared to the same month last […]
Acambis shares jump on flu vaccine offer
Shares in UK biotechnology company Acambis rose by over three percent on Thursday on the news that the company is in the process of developing a new flu vaccine that could give lifetime protection from all strains of the flu.
If the new vaccine is successful it would be a significant breakthrough at a […]
National Expresses sees 80 percent rise in profits
Rail, coach, and bus company National Express has seen profits rise by 80 percent in the first half of the year, mostly on a rise in the number of passengers it carries, it announced on Thursday.
The company, which operates thirty percent of the passenger trains in the UK, said that its rail division’s […]
Intel raided after AMD files claims
Investigators from the European Commission raided the offices of Intel EMEA on Tuesday, looking for evidence that the chipmaker has violated European Union antitrust laws.
Intel confirmed that two offices, one in Munich and the other in Swindon, were entered as part of an ongoing investigation into Intel’s business dealings. The investigation is […]
BA raises surcharge
British Airways will begin on Monday to charge passengers an increased fuel surcharge, it was announced on Friday.
After BA’s announcement, Virgin Atlantic said that they, too, will raise their fuel surcharge.
BA called the increase, its fourth since it began adding a fuel surcharge to passenger tickets in May of last year, […]
Wimbledon urged to be more commercialised
The All England Lawn Tennis and Croquet Club, the private organization that presents the annual tennis tournament at Wimbledon, is being urged to commercialize the tournament more than it is currently in order to generate more money.
The total amount generated by the Wimbledon tournament has fallen from a peak of £33 million (€49.2 […]
Property loses out on FTSE
The FTSE 100 closed down fractionally at 5046.8 while the FTSE 250 lost 0.2 percent to 7289.8, on a low volume of 2.6 billion shares.
Part of the drop on the FTSE 250 had to do with concerns about the housing market, and most of the stocks in that sector were down. Savills, […]
Birmingham flyer to buy Brazilian planes
FlyBE, the UK regional discount fare airline, said on Monday that has arranged to purchase up to 26 regional jets from Embraer, a Brazilian airplane maker. The decision to purchase the new planes comes as FlyBE prepares to either float an initial public offering or to try to sell the airline.
In an attempt […]
Barclays buys stake in South African bank
Barclay’s Bank of the UK will buy a majority share of Absa, South Africa’s largest retail bank. The move comes after months of negotiations.
The South African bank has been active in seeking the business of the fully 50 percent of South Africans who do not have bank accounts.
It also has […]