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  • London midday: Stocks push higher as pound regains some poise

    May 31, 2017 11:16 AM 55

    London stocks extended gains by midday on Wednesday, with the FTSE 100 edging towards its recent record high, although a bigger rise was limited by the pound regaining some poise and miners retreating. The FTSE 100 was up 0.4% to 7,558.90, while the FTSE 250 was down one point at just over 19,990. Meanwhile, the pound was down 0.1% versus the dollar

  • Gordon Ramsay's restaurant empire finally sees profit thanks to overseas expansion

    May 30, 2017 8:56 PM 10

    Celebrity chef Gordon Ramsay's restaurant empire has reported its first profit since 2012 thanks to opening new eateries overseas. The 50-year-old said the last financial year had been 'pivotal' for the group, which reported an after-tax profit of £739,000 for the year to August 2016, up from a £2million loss the year before. Revenues rose 3 per cent to £51.9million

  • BA faces paying out millions of pounds in compensation after IT crash: How to claim flight delay or cancellation compensation

    May 30, 2017 12:26 PM 27

    Under EU Regulation 261/2004 holidaymakers have certain rights if their flight is cancelled or delayed. The flight must have departed from an EU airport, operating by any airline, or it must be arriving into an EU airport and be operated by an EU airline. The 'EU airport' also includes the following countries; Iceland, Liechtenstein, Norway and Switzerland

  • Still work to do recovering bags for British Airways customers

    May 30, 2017 8:19 AM 14

    A “significant number of customers” are still without their luggage after a British Airways IT failure that caused global flight disruption. The airline is expecting to run a full schedule today from Heathrow and Gatwick airports but said it still had “work to do” reuniting bags with passengers. Experts predict the knock-on effect of the IT outage could

  • BA boss 'won't resign' over flight chaos

    May 29, 2017 12:01 PM 47

    BA chief executive Alex Cruz says he will not resign and that flight disruption had nothing to do with cutting costs. He told the BBC a power surge, had "only lasted a few minutes", but the back-up system had not worked properly. He said the IT failure was not due to technical staff being outsourced from the UK to India. Mr Cruz said he was "profusely

  • China Tower invites banks to pitch for role in up to $10 billion

    May 29, 2017 7:15 AM 29

    China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion. China Tower Corp, which owns and manages the mobile phone towers for China’s three state-owned telecom operators, has invited investment banks to pitch

  • Passengers face a THIRD day of chaos at Heathrow: BA bosses warn of more cancelled flights as they struggle to fix fallout from a global IT crash

    May 29, 2017 7:02 AM 19

    British Airways passengers are facing a third day of disruption at Heathrow as the beleaguered airline continues to deal with the fallout from a global IT crash. Both Heathrow and Gatwick have warned Bank Holiday travellers that they should check the status of their flights before travelling to the airports where scenes of chaos unfolded over the weekend

  • Disruption continues at Gatwick and Heathrow after BA computer failure

    May 28, 2017 10:01 AM 18

    British Airways flights still disrupted at Gatwick and Heathrow after major computer failure British Airways passengers are facing major delays, long queues and possible missed flights due to a global problem with the airline's IT system. Some passengers at Heathrow's Terminal 5 say they have been stuck in queues for over an hour and a half, while others

  • Campaign for Real Ale hit by drop in visitors to its beer festivals last year, sending group into red

    May 27, 2017 8:52 PM 9

    The Campaign for Real Ale was hit by a drop in visitors to its beer festivals last year, sending the group into the red. The fall-off came despite membership numbers at the organisation climbing by almost 9,000 to 187,000. Turnover at Camra, which is holding the Newark Beer and Cider Festival this weekend, fell slightly to £13.9 million. This reduction

  • Rathbone Brothers plc (RAT) Stock Rating Reaffirmed by Peel Hunt

    May 27, 2017 8:43 AM 27

    Rathbone Brothers plc (LON:RAT)‘s stock had its “add” rating reiterated by equities researchers at Peel Hunt in a research note issued to investors on Thursday, May 11th. They currently have a GBX 2,450 ($31.87) target price on the stock. Peel Hunt’s price target would indicate a potential downside of 3.28% from the company’s current price. A number