News Tag: talks
March 11, 2010
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 take industrial action over cost-cutting ...
Possible strike action at BA as talks fail
by Kay Murchie
March 10, 2010
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 action over the Christmas ...
BA in talks with union to avert strikes
by Kay Murchie
March 7, 2010
According to reports this weekend, Coventry Building Society is in merger talks with its smaller rival, the Stroud & Swindon.
The talks follow a series of recent mergers between Britain’s building societies and, should a deal be successful, will bring more consolidation to the mutual sector.
The news comes as Coventry, which is the country's third largest building society, ...
Coventry Building Society in merger talks with Stroud & Swindon
by Kay Murchie
December 2, 2009
It emerged yesterday that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks but today the Yorkshire has revealed that a tie-up would lead to a number of job losses and a £200 million write-down on Chelsea's bad debts.
"The merger will lead to a number of job losses," the two societies warned. “Redundancies will only ...
Yorkshire and Chelsea merger leads to job losses
by Kay Murchie
Branch closures expected at Norwich & Peterborough Building Society
by Kay Murchie
December 1, 2009
It has been reported that the Yorkshire Building Society is in talks with the Chelsea Building Society about a possible merger.
Should a deal prove to be successful between the Yorkshire and Chelsea, it would create an institution with over 2 million customers and assets of around £38 billion.
The deal will be the biggest merger in the building society sector ...
Yorkshire and Chelsea building societies in merger talks
by Kay Murchie
November 23, 2009
WHSmith has abandoned talks with bookshop chain Borders, which is set to see Borders UK enter administration unless a sale is imminent.
Borders is understood to not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon.
As a result, the chain has been in talks with ...
WHSmith walks away from Borders deal
by Kay Murchie
November 12, 2009
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 Pais, Iberia agreed the new airline will ...
BA shares up on Iberia merger talks
by Kay Murchie
November 6, 2009
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 has led to a slump in demand. ...
BA posts record £292m loss for first-half
by Kay Murchie
October 29, 2009
Bus and train operator National Express has confirmed that talks over a possible tie-up with rival bus and rail group Stagecoach have ended.
In a statement yesterday, the company said: "The board has concluded it is unlikely that a combination with Stagecoach could be successfully executed in 2009, even if appropriate terms could be agreed."
"All discussions with Stagecoach have now ceased," ...
Merger talks end at National Express
by Kay Murchie
October 23, 2009
The second wave of postal strikes started at 0400 BST today. Almost 80,000 delivery and collection staff will walk out for a 24-hour period and follows the walkout yesterday of 42,000 mail centre staff and drivers.
The Communication Workers Union (CWU) said it had no choice but to announce the series of strikes after it accused the Royal Mail of turning down ...
Postal strike continues for second day
by Kay Murchie
October 19, 2009
Royal Mail is in talks with the Communication Workers Union (CWU) in a bid to avoid the planned national postal strikes this week.
However, according to a report by Sky News, Royal Mail said it will call in conciliation service Acas to try to resolve its industrial dispute if unions agree to call off the strikes - planned for Thursday ...
Royal Mail in talks to avoid strike action
by Kay Murchie
August 24, 2009
Shares in Lloyds Banking Group rose today on the back of reports that it is in talks to offload its Clerical Medical Unit to Clive Cowdery's Resolution for up to £4 billion.
Lloyds acquired Clerical Medical when it bought HBOS last autumn.
According to a source, the talks between the banking giant and Resolution ...
Lloyds Banking Group in talks to sell Clerical Medical unit to Resolution
by Kay Murchie
July 5, 2009
According to The Mail on Sunday, Newcastle Building Society is in advanced talks with Skipton Building Society, which will see further consolidation within the sector.
Newcastle BS, which is the country’s 10th biggest building society, has been struggling after a poor performance in 2008 when it reported losses of £35 million as a result of exposure to the failed Icelandic ...
Newcastle Building Society in advanced talks with Skipton
by Kay Murchie
June 11, 2009
It is understood that the West Bromwich Building Society is to be rescued within days after weeks of speculation about its future.
However, savers and mortgage borrowers have been assured that it’s business as usual since the rescue will not affect customers.
There were talks last month that the country's eighth largest building society was in rescue talks after it was reported that ...
West Bromwich BS in rescue plan
by Kay Murchie
June 10, 2009
Irish pay-TV sports broadcaster Setanta is on the brink of administration after BSkyB refused to provide a £50 million lifeline.
BSkyB's chief executive, Jeremy Darroch, said that they had been "talking to Setanta, and trying to work with them and help them", however, an agreement was not reached.
BSkyB was also reported to say it was “a broadcaster not a bank”.
Emergency ...
Setanta facing administration as BSkyB talks collapse
by Kay Murchie
June 8, 2009
Thousands of UK jobs are at risk today after van maker, LDV, has been forced into administration after a deal with Weststar (the Malaysian vehicle importer and contract manufacturer) collapsed.
LDV has been struggling of late and sought financial assistance from the Government earlier this year after it said it was “literally running out of cash” and warned ...
Van maker LDV files for administration as rescue deal collapses
by Kay Murchie
May 17, 2009
There have been reports over the weekend that West Bromwich Building Society is in rescue talks.
The Sunday Times has reported that the Financial Services Authority is seeking a bidder for the mutual, which was one of nine building societies to have its credit rating downloaded by Moody’s last month, due to concerns they will be hit by ...
West Bromwich Building Society believed to be in rescue talks
by Kay Murchie
April 30, 2009
Crippled van maker LDV, owned by Russian oligarch Oleg Deripaska, announced yesterday that the company had applied to go into administration on 6th May, but trade unions are calling for the government to give a £4 million bailout sum, in order to keep the manufacturer going while rescue talks are underway.
LDV is faced with administration due to the fact that the ...
Van maker LDV files for administration
by Peter Charalambous
April 27, 2009
The Asian semi-conductor industry has been hit hard by the fall in demand and the deepening crisis has meant that NEC and Renesas are reported to be in talks to proceed with a merger that is underpinned by the need to consolidate, cut costs and survive the downturn and dwindling demand.
The combined company would create Japan’s biggest chipmaker, ...
NEC and Renesas looking to merge to beat downturn
by Peter Charalambous
