Sunday newspaper round-up: Energy sector, EdF, Fracking
11th Sep 2022 23:26
(Sharecast News) - Industry sources are warning that the energy sector needs to know the details of the new Prime Ministers' plans to support businesses in order for them to take effect during the next winter. The government has indicated that a more complete plan for businesses will be announced as soon as possible. In another development, Centrica chief executive officer, Chris O'Shea, voiced support for using contracts for difference for long-term electricity prices as part of efforts to ensure lower prices for consumers over the years ahead. - The Sunday Telegraph
Read moreBA reaches pay settlement with staff
16th Aug 2022 08:57
(Sharecast News) - British Airways staff clinched an average 13% pay rise to help offset the cost-of-living crisis and the pay cuts suffered during the pandemic.
Read moreSunday newspaper round-up: Energy tariffs, Bank of England, IAG
14th Aug 2022 16:01
(Sharecast News) - Scottish Power and Eon have called for a special fund to be created that would allow customers' bills to be frozen for two years and to spread the cost of the natural gas price crisis over ten years or more. According to Scottish Power boss, Keith Anderson, "unprecedented times call for unprecedented action". UK families on default energy tariffs are staring at a surge in their annual bills from £1,971 to around £3,582 from 1 October when the new price cap set by Ofgem - and which is due to be announced on 26 August - is due to go into effect. The proposed 'deficit fund' would be backed by a government guarantee, allowing it to borrow billions from lenders such as Barclays, who had expressed interest in a prior similar proposal. - The Sunday Times
Read moreBA set to pause sales of long-haul flights from Heathrow - report
3rd Aug 2022 15:26
(Sharecast News) - British Airways is reportedly set to pause sales of long-haul flights to destinations such as New York amid disruption at Heathrow.
Read moreIAG places order for 37 Airbus jets with an option for another 50
28th Jul 2022 12:42
(Sharecast News) - IAG announced a big order for Airbus single aisle A320neo and A321neo jets.
Read moreHeathrow hit with fresh strike threat
19th Jul 2022 13:38
(Sharecast News) - Heathrow was dealt a fresh blow on Tuesday, after refuelling workers at the UK's busiest airport agreed to strike.
Read moreBA workers at Heathrow vote to strike over pay
23rd Jun 2022 15:58
(Sharecast News) - The summer of industrial action looks set to grow, with British Airways workers at Heathrow voting on Thursday to walk out at the height of the summer holidays.
Read moreSunday newspaper round-up: 'Prolonged war', Asda, IAG
19th Jun 2022 11:35
(Sharecast News) - The Prime Minister called on the West's leaders to steel themselves for a prolonged war in Ukraine, saying that if not they risked the "greatest victory for aggression in Europe since the Second World War". He also pushed Britain's allies to hold their nerve and make sure that Kyiv had the "strategic endurance to survive and eventually prevail." According to Boris Johnson, the price of a rushed settlement in Ukraine would not be worth paying. "Imagine for a moment that Vladimir Putin's visions of glory were to come true. [...] What if no one was willing to lift a finger as he annexed this conquered territory and its fearful people into a greater Russia? Would this bring peace? Would the world be safer? Would you be safer?" - Sunday Times
Read moreSunday newspaper round-up: BT Group, HSBC, IAG
12th Jun 2022 18:16
(Sharecast News) - Kwasi Kwarteng, the Business Secretary, may be set to stop billionaire Patrick Drahi from taking over BT through new national security laws and from building up his stake in telecommunications group. Government may also block Drahi from taking a seat on the board. The current ban under takeover rules on any attempt by the investor to launch a bid is set to expire over the coming week. The Government has until the beginning of July to decide whether it wishes to act or not. - The Financial Mail on Sunday
Read moreDeutsche Bank stays at 'hold' on IAG following inaugural ESG day
24th May 2022 12:45
(Sharecast News) - Analysts at Deutsche Bank took a fresh look at British Airways parent company International Airlines Group on Tuesday after the company's inaugural ESG day gave "a very credible boost" to net-zero plans.
Read moreIAG facing shareholder revolt over BA share award plan - report
24th May 2022 12:12
(Sharecast News) - IAG is reportedly facing a shareholder pay revolt amid criticism of proposals for an "excessive" hike in British Airways executives' share awards despite the airline suffering big losses during the pandemic.
Read moreIAG orders 50 new Boeing aircraft
19th May 2022 10:36
(Sharecast News) - British Airways parent International Consolidated Airlines Group has reached an agreement with Boeing to order 25 737-8200 and 25 737-10 aircraft, plus 100 options.
Read moreSunday newspaper round-up: Vodafone, Bank of England, Ukrainian grain
15th May 2022 15:02
(Sharecast News) - State-controlled Emirates Telecommunications Group has amassed a 9.8% stake in Vodafone. However, Etisalat, as the Abu Dhabi telecoms operator is know, has said it has no intention of making a takeover bid nor is it "seeking to exert control or influence". That statement in effect bars it from being able table a bid for six months. Be that as it may, Enders analyst., Karen Egan, believes that the move adds to the pressure on Vodafone boss, Nick Read, to accelerate his restructuring plans. The company, which is due to present results on Tuesday, was already facing calls from some of its main shareholders to slim its operations and boost returns. - The Financial Times on Sunday
Read moreBritish Airways CEO to overhaul key management roles
10th May 2022 15:40
(Sharecast News) - British Airways chief executive Sean Doyle plans to overhaul the airline's key management roles after a string of IT failures and flight cancellations.
Read moreFriday preview: US non-farm payrolls, IAG in the spotlight
5th May 2022 19:18
(Sharecast News) - Financial markets' attention at the end of the week will be on the US non-farm payrolls report for April.
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