Business and City in brief

BA alliance row to escalate

The row over British Airways' proposed dollars 750m (pounds 384m) alliance with USAir will reach new heights as airline executives meet at the World Aerospace and Air Transport Conference in London.

Lawrence Nagin, vice-president of United, said the BA link with USAir was in violation of US law. It would require legislative changes and should be used as a lever to liberalise the air agreement between Britain and the US.

Orion out

Orion Insurance, part of the Dutch company Internationale Nederlanden Group, has withdrawn from insuring large international risks in London.

KLM rise

KLM Royal Dutch Airlines plans to raise the number of flights worldwide in its winter schedule by 31 per cent, or 220 per week, from 25 October.

Units sold

Investors redeemed nearly pounds 142m more unit trusts than they bought in July, according to the Unit Trust Association. This was the industry's worst month since the start of hostilities in the Gulf.

BAe venture

British Aerospace, Dassault Aviation and Deutsche Aerospace have formed a consortium including Alenia, Fokker and Casa of Spain to develop a maritime patrol aircraft, the companies said jointly.

Bannon goes

John Bannon has resigned as head of the South Australian government, saying he accepts responsibility for huge losses by the State Bank of South Australia. The Labor government has injected Adollars 3.1bn into the bank to make good the losses.

German sales fall

West German wholesale sales totalled DM82bn in July, down 1 per cent on a year earlier, but up 1 per cent after taking account of inflation, the Federal Statistics Office said.

HK funds plan

China has suggested that Hong Kong raise funds for the rail link in its new airport project by selling adjoining lands estimated to be worth HKdollars 42.5bn, according to a Chinese source quoted by Ta Kung Pao daily.

Ansbacher talks

Henry Ansbacher Holdings confirmed that it was in talks with First National Bank Holdings of South Africa regarding a possible offer for HAH.

Gas purchase

A European consortium including British Gas and German and French gas producers has bought an eastern German company that was Eastern Europe's leader in gas research.

Butlins bookings

UK bookings at Butlins, The holiday camp group owned by Rank Organisation, are expected to be 'less than 12 per cent down', the company said.

World Markets

New York: Stronger bond prices caused a late rally, leaving the Dow Jones Industrial Average up 8.91 points at 3,266.26 at the close.

Tokyo: The market fell back after its recent gains, with a 321.06-point fall leaving the Nikkei average at 17,740.06.

Hong Kong: Active trade after the long weekend took the Hang Seng up 82.97 to 5,711.57.

Sydney: A quiet day was dominated by selling of industrial stocks. The All Ordinaries index slipped 4.7 to 1,542.5.

Johannesburg: A sharp rebound in the financial rand restricted gains on the overall index to seven points at 3,159.

Paris: With investors worried over the vote on the Maastricht treaty, the CAC-40 index fell 10.65 points to 1,674.23.

Frankfurt: A gloomy forecast for the German economy helped to send the DAX index down 22.55 points to 1,518.7.

Milan: With key stocks closing near their session lows, the MIB lost 1.56 per cent to 755.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Financial Adviser

£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...

SThree: Graduate Recruitment Resourcer

£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...

Guru Careers: Application Support Analyst / 1st Line Support

£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...

Guru Careers: .NET Developer / Web Developer

£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence