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 airlines [...]
The Government recently unveiled plans to crackdown on credit card and store companies, which will see a change in the order of priority for credit card repayments, so that the most expensive debts are paid off first.
The proposals are being put out to consultation by the Department for Business Innovation and Skills (BIS).
The Nationwide Building [...]
European equities markets were mixed Tuesday as banks generally declined as analysts worried that the Greek government has not yet announced strategies for fixing that nation’s financial troubles.
While the main indices in Frankfurt, Paris, and Madrid all saw small gains on the session, London’s markets were lower was were the main indices in nations such [...]
US food giant Kraft has today reinforced its belief that a tie-up with Cadbury would “represent a uniquely complementary fit”.
Kraft is actively trying to convince Cadbury shareholders that a combination with its British rival could “deliver substantially more value” together and would benefit Cadbury staff as new jobs would be created in the UK.
Kraft warned [...]
Richard Pym, the chairman who was appointed to stabilise Bradford & Bingley last year, is to oversee Northern Rock’s ‘bad bank’ operations.
It was announced earlier this month that nationalised Northern Rock would be split into two, after receiving the necessary approval from the European Union (EU).
New Years Day is the date that has been agreed [...]
The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose again for the second consecutive month to 1.9%, up from 1.5% in October and a sharp rise from the 5-year low of 1.1% in September.
The latest figure means CPI is just slightly under the Bank of England’s target of 2% and [...]