Welcome to City News Blog


Popular City News Categories:

BAA fees to be withheld


Ryanair and Easyjet have threatened to withhold payment of fees until the outcome of a legal review in a pay rises dispute with airport operator BAA at Gatwick and Stansted.

Ryanair said it will refine to pay the latest increases if BAA “continues to abuse its monopoly” and imposes the highest possible fees on the airline.

Easyjet has asked new BAA chief executive Cohn Matthews to accept a deferral of payments the judicial review it and other airlines have launched, The airlines are incensed that the Civil Aviation Authority (CAA) has allowed airport operator BAA to impose charge rises of up to 50 per cent over five years at these airports. beginning from 1 April this year. The Civil Aviation Authority, the industry regulator that sets the fees, said that the airlines’ retinal to pay the landing fees would be a breach of contract.

.... Read full story >>



Date Posted: 16 April 2008 Permalink
Filed Under: Transport, , Your thoughts? ()
 
Bookmark Article | | | | | | |
 

Other City News

EMI’s offer is thrown out

Music group Chrysalis tumbled after it rejected a 155p a share bid from EMI, the record label owned by Guy Hands’s private equity firm Terra Firma.

The shares tumbled almost 15 per cent and closed at 115p. In a statement Chrysalis said its board had unanimously rejected the bid because .... Read full story >>>

Date Posted: 16 April 2008 Permalink
Filed Under: Media, , Add a comment
 


Prices kept steady over slowing sales

Prices have unexpectedly stayed steady in March as slowing high street sales kept price pressures subdued, heightening hopes that the Bank of England still has room to cut interest rates.

The consumer prices index rose 0.4 per cent last month, leaving the annual inflation rate steady at 2.5 per cent .... Read full story >>>

Date Posted: 16 April 2008 Permalink
Filed Under: Economics, , Add a comment
 


Crisis summit for lenders

Alistair Darling, the chancellor of the Exchequer has called a summit with the Council of Mortgage Lenders (CML) next week to resolve a crisis in the UK housing market.

critics say the chancellor’s mortgage summit is long overdue, after the cost of many mortgages has gone up, even as the official .... Read full story >>>

Date Posted: 14 April 2008 Permalink
Filed Under: Banking, , Add a comment
 


Finance ministers to back plans

The support for IMF streamlining is going to be backed by Finance ministers to revamp the International Monetary Fund in a move that would streamline the 64-year-old institution while giving it more powers to ensure global stability.

The IMF will cut 15 per cent of its staff, give more say to .... Read full story >>>

Date Posted: 14 April 2008 Permalink
Filed Under: Economics, , Add a comment