British Airways (BA) cabin crew will embark on a five-day strike today after eleventh-hour talks collapsed. Over the weekend, the Unite union’s joint general secretary, Tony Woodley, offered to cancel the latest strikes if travel perks for cabin crew were reinstated. However a spokesperson for BA said: “We have already offered to reinstate travel concessions [...]
British Airways, which is facing fresh strikes over the next few weeks, has today reported a record £531 million annual loss. The latest results, which cover the 12-month period to the end of March, include the estimated £40 million loss from the cabin crew strikes which took place during the month. However, they do not [...]
It was announced today that the Unite union was victorious in appealing against an injunction, which prevented British Airways (BA) cabin crew from taking industrial action this week. However, the union has today said it will commence a series of five-day strikes starting Monday, unless an agreement can be reached. Cabin crew have been involved [...]
On Monday night, it was announced that British Airways (BA) was successful in preventing the latest series of strikes by its cabin crew staff. Mr Justice McCombe of the High Court ruled in favour of the airline and said the decision was based on a technicality. However, the Unite union described the decision “an absolute [...]
The economic downturn appears to still be battering the airline industry after Air France-KLM reported a net loss of €691 million for the three months ending March, compared to a loss of €479 million in the same period a year ago. This took its annual loss for the full year to €1.55 billion (£1.33 billion) [...]
On Monday night, it was announced that British Airways (BA) was successful in preventing the latest series of strikes by its cabin crew staff. Mr Justice McCombe of the High Court ruled in favour of the airline and said the decision was based on a technicality. However, the Unite union described the decision “an absolute [...]
Passengers will breathe a sigh of relief this morning after British Airways (BA) was successful in preventing the latest series of strikes by its cabin crew staff. The Unite union had announced that cabin crew would strike for four separate five-day strikes in May and June – the first strike was due to start today. [...]
Sir Richard Branson is calling for urgent intervention to avoid damage to the UK economy after some airports were closed again at the weekend, due to the return of the volcanic ash cloud. Airports across the country closed from 1:00pm yesterday after the Civil Aviation Authority (CAA) extended its no-fly zone due to the ash [...]
Last week, the Unite union announced cabin crew members at British Airways (BA) will strike for four separate five-day strikes in May and June. The further industrial action comes after Unite members rejected a fresh deal for cabin crew earlier this month. Unite said 81% of the cabin crew it represents voted against BA’s offer, [...]
The Unite union has today announced cabin crew members at British Airways (BA) will strike for four separate five-day strikes in May and June. The further industrial action comes after Unite members rejected a fresh deal for cabin crew earlier this month. Unite said 81% of the cabin crew it represents voted against BA’s offer [...]
The Unite union has said more strikes are possible at British Airways after it “strongly recommended” cabin crew members to reject the latest offer from the airline in a ballot. The offer from BA was aimed at ending a long-running dispute over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]
The world’s largest carrier has been created via a merger between United Airlines and Continental Airlines, as consolidation spreads throughout the industry. The two US airlines expect the merger to deliver savings of more than $1 billion a year. The deal, which is worth $3.2 billion (£2.1 billion), will see a company that will carry [...]
British Airways is demanding Government compensation for loss of revenues resulting from the volcanic ash cloud. The closure of European air space is costing the airline between £15 million and £20 million a day, and disagreement between airlines and authorities over the extent of the flight restrictions continue. On Sunday, BA ran a test flight [...]
BAA has today reported a fall in passenger numbers at its six British airports, due to seven days of strikes by British Airways (BA) cabin crew. BAA said passenger traffic fell 1.5% year-on-year in March and lost a total of 200,000 passengers at its UK airports because of the industrial action. Heathrow airport saw 180,000 [...]
It has been confirmed that British Airways (BA) and Spanish airline Iberia have signed a deal to merge their operations. The merger, which was provisionally agreed last November, will be finalised this year and is set to create one of the world’s largest airline groups, flying to more than 200 destinations The new company, which [...]
It has emerged this evening that rail workers will stage a four-day strike on April 6,7,8 and 9 amid a row over jobs and working practices. Members of the Rail Maritime and Transport union (RMT) and the Transport Salaried Staffs Association (TSSA) employed by Network Rail will strike between 6am and 10am and between 6pm [...]
The GMB trade union has today announced staff at British Gas have voted in favour of industrial action over claims of “macho management” and changes to staff terms and conditions. The union has given the UK’s largest energy retailer a week to respond before deciding its next move. GMB said over 61% of its 8,000 [...]
British Airways (BA) cabin crew members are on their third and final day of strikes this week but there are still no signs of a resolution between the airline and unions. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting measures, which include a pay freeze and a switch to [...]
Talks aimed at averting industrial action at British Airways (BA) collapsed earlier this week and, as a result, Unit has today announced BA cabin crew members will strike for three days from March 20 and for four days from March 27. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting [...]
According to the International Air Transport Association (IATA), the global airline industry is improving, with both passenger and freight numbers expected to grow this year. In January, the industry body said 2009 saw the biggest decline in air passenger traffic since the aftermath of World War II. The global economic downturn had a devastating impact [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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