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  • Misery for passengers as BA union unveils strike dates

    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...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, Economy News, March, Company News, Unite, union, BA, British Airways, cabin crew, passengers, strike, dates, cost-cutting measures
  • Consumers warned 2010 will be difficult

    British consumers should expect to face more financial difficulty this year than during 2009, a financial expert has claimed. Richard Perks, director of retail research at Mintel, said it is “obvious” that living costs are going to rise while income is squeezed. The tough times are “really...
    Posted to Finance on 03-12-2010
    Filed under: All Financial News, Economy News, recession, inflation, 2010, financial difficulties, Richard Perks
  • John Lewis staff share £151m bonus pot

    John Lewis Partnership, the renowned employee-owned department store, has revealed its staff will share a bonus pot of £151 million. The announcement came after the 146-year-old group said annual pre-tax profits grew 9.7% to £306.6 million. According to John Lewis chairman, Charlie Mayfield, the company’s...
    Posted to Finance on 03-11-2010
    Filed under: All Financial News, Economy News, bonus, rise, Company News, market share, John Lewis, Waitrose, staff, pre-tax profits, partners
  • “Blue skies ahead”, say IATA

    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....
    Posted to Finance on 03-11-2010
    Filed under: All Financial News, Economy News, industry, losses, downturn, demand, slump, improving, numbers, passenger, International Air Transport Association, airline, British Airways, IATA, strike action, Lufthansa, cargo
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