Talks aimed at averting industrial action at British Airways (BA) have collapsed and failed to reach an agreement. Brendan Barber, general secretary of the Trades Union Congress, said: “Despite a prolonged period of negotiations it has not been possible to reach agreement between BA and Unite.” Last month, BA‘s 12,000 cabin crew members voted to [...]
British Airways (BA) is to resume talks with the Unite union about averting industrial action. BA‘s 12,000 cabin crew members have vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working for thousands of staff. Cabin crew members were scheduled to take 12 days of strike [...]
British Airways (BA) passengers will face travel chaos after the airline’s 12,000 cabin crew members voted in favour to take industrial action over cost-cutting measures, which include a pay freeze, a switch to part-time working for thousands of staff and working conditions. The results of the strike emerged this evening after Len McCluskey, assistant general [...]
Fears of travel chaos could emerge later as the results of a ballot is set to be announced. A second strike ballot for British Airways (BA) 12,000 cabin crew members is to close today after they vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]
The Unite union has been unsuccessful in its High Court action against British Airways (BA) to stop the airline from imposing cost-cutting measures. The union claimed it was not properly consulted on the measures, which include a pay freeze and a switch to part-time working for 3,000 staff. BA cabin crew had been set to [...]
Shares in British Airways (BA) were up more than 4% this morning after US regulators have given the go-ahead to permit American Airlines and BA to coordinate schedules and share costs. Preliminary approval of the alliance was approved by the Department of Transportation (DOT) over the weekend. A combined firm would create the world’s third [...]
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier. However, the loss was much less than analysts’ predictions for a £151 million loss. Meanwhile, the airline posted a surprise £25 million operating [...]
The Unite union is in the High Court this week to resolve whether there should be a permanent injunction preventing British Airways (BA) from imposing cost-cutting measures. Unite previously applied for a High Court injunction to block BA’s plans, but it was unsuccessful . The airline wants 75% of its crew to accept a pay [...]
British Airways (BA) cabin crew have ruled out industrial strike action for the Easter holidays. The announcement will be a relief for the 2.5 million people that fly abroad during the Easter period. Earlier this week, the Unite union said BA cabin crew were to begin a second strike ballot next week raising renewed fears [...]
According to the Unite union, British Airways (BA) cabin crew will begin a second strike ballot next week raising renewed fears for travellers. The announcement comes after a strike planned for Christmas was declared illegal in a High Court ruling. However, at the time of the ruling, Unite vowed to hold a fresh ballot if [...]
The 12-day strike planned by British Airways (BA) cabin crew over Christmas has been averted after it was declared illegal in a High Court ruling. The ruling will be welcomed by thousands of passengers who were planning to fly over the festive period. Mrs Justice Laura Cox ruled that the cabin crew’s union, Unite, had [...]
In a bid to prevent the 12-day strike planned by cabin crew over Christmas, British Airways (BA) is to take legal action to prevent what could cause misery for millions of passengers this festive season. The Unite union has called a walkout from December 22 to January 2 in a dispute over working conditions, jobs [...]
The International Air Transport Association (IATA) is forecasting big losses for the airline industry next year but added that “the worst is likely behind us”. According to the industry body, airlines will suffer losses of $5.6 billion (£3.5 billion) in 2010 – an increase from the $3.8 billion it originally predicted. IATA said that European [...]
British Airways (BA) cabin crew are set to cast their vote on whether strike action will take place. The Unite trade union is predicting that 14,000 air stewards and stewardesses will vote in favour of strike action over the Christmas period in a dispute over cost-cutting measures. The measures include a two-year pay freeze for [...]
It has been confirmed that British Airways (BA) and Spanish airline Iberia have reached a preliminary merger agreement. Merger talks took place between both companies yesterday and the deal is understood to give Iberia 45% and BA 55% of a newly merged company. The combined firm would create Europe’s third largest airline and have 419 [...]
British Airways (BA) and Spanish airline Iberia are set to merge following talks at both companies. Earlier today, BA said: “Further to recent market speculation, British Airways confirms that the British Airways and Iberia Boards are holding separate meetings today, 12 November, to consider a potential transaction.” However, according to reports in Spanish newspaper, El [...]
The global economic downturn has forced many airlines out of business as fewer people are travelling by air and Irish airline, Aer Lingus, is no exception. According to the carrier, long-haul numbers plummeted 13% in the three months to September with sales falling by 9.7% in the same period. However, the number of short-haul passengers [...]
Struggling airline British Airways (BA) today posted a record first-half pre-tax loss of £292 million for the six months to 30 September. Following its results, the airline said it is planning 1,200 job cuts, which will take its total to almost 5,000 by the end of March. According to BA’s chief executive, Willie Walsh, “These [...]
Struggling airline British Airways (BA) has today posted a first-half pre-tax loss of £292 million for the six months to 30 September. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. It is struggling to stay afloat during the global economic downturn which [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
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