British Airways receives world's largest passenger plane
4th Jul 2013 12:33
British Airways (BA) is the first UK carrier to take delivery of an Airbus A380, the world's largest passenger plane. Airbus handed over the double-decker superjumbo plane at its Toulouse headquarters in France before being flown into London's Heathrow airport. It will make its first commercial lo
Read moreIAG traffic jumps 8.2 per cent in June
3rd Jul 2013 16:36
International Consolidated Airlines Group, otherwise known as IAG, saw passenger growth accelerate strongly in June, according to statistics released by the British Airways and Iberia owner on Wednesday. Group traffic measured by revenue passenger kilometres (RPK) - a key performance indicator in
Read moreLondon close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreBritish Airways cuts costs with more fuel efficient 787s
27th Jun 2013 14:39
British Airways has ordered 24 fuel efficient Boeing 787 Dreamliner aircraft in an effort to cut costs. The company, owned by International Consolidated Airlines (IAG), said it will start regular Boeing 787 operations from September. The airline is planning to serve Toronto with the 787 from Septe
Read moreLondon pre-open: Markets seen higher as stocks claw back from recent losses
26th Jun 2013 07:29
The FTSE 100 is expected to open in positive territory for a second straight day as markets continue to rebound following the heavy falls seen in recent weeks. Selling had accelerated last week after the Federal Reserve confirmed its intention to 'taper' quantitative easing if economic data continu
Read moreIAG's British Airways launches bond issue
26th Jun 2013 07:12
British Airways has launched an inaugural 927m dollar publicly-traded bond issue, using aircraft as collateral. The airline's parent company International Consolidated Airlines Group (IAG), said the bond issue would allow the company to diversify its sources of funding. The bonds, known as Enhanc
Read moreSunday newspaper round-up: RBS, Co-op bank, easyJet
16th Jun 2013 15:16
Foreign-owned bank branches - as opposed to subsidiaries - in Britain made the country's financial crisis worse, as they moved to shrink their loan books by almost half at the height of the credit crunch, according to Bank of England research, The FT Weekend reports. The other factors which explain
Read moreLondon close: FTSE 100 down one per cent as volatility continues
11th Jun 2013 16:41
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday. The FTSE 100 closed down 60 points at 6,340, but finished well off its intraday low of 6,283 as US bond yields pared earlier gains.
Read moreLondon midday: Financials, miners pull FTSE 100 to seven-week low
11th Jun 2013 11:23
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low. The FTSE 100 was trading around the 6,300 markby midday, the first time it has fallen to this level s
Read moreLondon open: Markets rebound as 'tapering' concerns ease
4th Jun 2013 09:10
Markets rebounded on Tuesday morning following a choppy session the day before as renewed hopes about US stimulus lifted sentiment early on. London's FTSE 100 lost 58 points yesterday, falling 0.9% to a one-month low of 6,525, after factory activity in both China and the US weakened in May. Manufac
Read moreFTSE 100 movers: Aggreko, Petrofac, ENRC
28th May 2013 15:07
Temporary power provider Aggreko topped the FTSE Tuesday as a report highlighted the "urgent" need to meet rising energy demands. EnergyUK, which represents more than 80 energy providers, has written to Energy Secretary, Ed Davey, calling for an increase in capacity in the market to prevent an energ
Read moreLondon close: Stocks off again, Yen keeps strengthening
24th May 2013 16:15
London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role. Market commentary is a tad divided regarding the direction which
Read moreLondon midday: FTSE 100 snaps eight-day winning streak as miners fall
14th May 2013 11:50
Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreLondon open: Markets flat after strong run, but Severn Trent soars
14th May 2013 08:19
Strong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak. "European markets moved forward modestly today shunning a mixed trading session in Asian stock markets overnight as
Read moreIAG to launch bond offer to fund acquisition of Vueling
14th May 2013 07:53
International Airlines Group (IAG) said it is launching a senior unsecured convertible bond offer of up to 400m euros to fund its acquisition of Spanish carrier Vueling, enhance liquidity and lower its cost of capital. The bonds can be converted into ordinary shares of IAG and are due to mature in
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