British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]
Under-fire HS2 says it will create 15,000 jobs by 2020 September 13, 2018 HS2, the under-fire high speed rail line that will link London to the North, has said it will create 15,000 jobs by 2020 at 30,000 at "peak construction". The company said the £56bn project had already supported over 7,000 roles and that construction, starting next year, would support as many as 30,000. The first phase of the [...]
Under-fire HS2 says it will create 15,000 jobs by 2020 September 13, 2018 HS2, the under-fire high speed rail line that will link London to the North, has said it will create 15,000 jobs by 2020 at 30,000 at "peak construction". The company said the £56bn project had already supported over 7,000 roles and that construction, starting next year, would support as many as 30,000. The first phase of the [...]
Crossrail chairman Terry Morgan says he will not step down in wake of Elizbeth Line delay September 12, 2018 Crossrail chairman Terry Morgan has said he will not step down in the wake of the nine-month delay to the Elizabeth Line. The £15.4bn project was scheduled to open in December this year but has been put back until Autumn 2019 following delays to signalling testing and safety concerns. The delay was roundly criticised by [...]
Crossrail chairman Terry Morgan says he will not step down in wake of Elizbeth Line delay September 12, 2018 Crossrail chairman Terry Morgan has said he will not step down in the wake of the nine-month delay to the Elizabeth Line. The £15.4bn project was scheduled to open in December this year but has been put back until Autumn 2019 following delays to signalling testing and safety concerns. The delay was roundly criticised by [...]
Ryanair boss Michael O’Leary says UK has received ‘no assurances’ from EU on continued flights after Brexit September 12, 2018 Ryanair's chief executive Michael O'Leary has ramped up his warnings of a no-deal Brexit, saying the UK had received "no assurances" from the EU that flights could continue after Britain leaves the bloc. He said the transport secretary, Chris Grayling, had received "no assurances" from the EU on continued flying, and that the likelihood of [...]
Ryanair boss Michael O’Leary says UK has received ‘no assurances’ from EU on continued flights after Brexit September 12, 2018 Ryanair's chief executive Michael O'Leary has ramped up his warnings of a no-deal Brexit, saying the UK had received "no assurances" from the EU that flights could continue after Britain leaves the bloc. He said the transport secretary, Chris Grayling, had received "no assurances" from the EU on continued flying, and that the likelihood of [...]
Rolls-Royce shares drop after engine shut down forces emergency landing September 12, 2018 Shares in Rolls-Royce dipped by more than four per cent this morning following an engine failure that forced a pilot to carry out an emergency landing on an flight from New York to Madrid. The engine manufacturer said Iberia Airlines flight 6252 landed safely at Boston Logan airport after the pilot had to abandon the trip around 90 minutes after [...]
Profits bounce back at Galliford Try but bypass woes loom September 12, 2018 Galliford Try’s profits soared 145 per cent in the last 12 months, in a sign that the construction group is recovering from a series of setbacks it suffered earlier in the year. Pre-tax profits jumped from £58.7m to £143.7m in the year leading up to the end of June 2018, pushing Galliford’s share price up [...]
