News

Willie Walsh got a new job this month: the Irish government hired the British Airways supremo as chairman of advisers to its state debt agency. And the latest evidence of the impact of Mr Walsh’s drastic cost-cutting at International Airlines Group (IAG) suggests the Irish couldn’t have found a better person for the job.

Market Report: Invensys gains thanks to dividend and bid chatter

As hopes were raised over dividend payments and speculation swirled that it could be a takeover target, Invensys found itself in favour with investors yesterday.

Axa and Permira buy Opodo from Amadeus

The private equity firms Axa and Permira are buying the online travel agent Opodo for €500m (£424m) from the Spanish travel reservations group Amadeus.

IAG (aka British Airways) makes market debut

British Airways embarked on a new stock-market journey yesterday following its merger with Spain's Iberia. The new group's chief executive, Willie Walsh, and chairman, Antonio Vazquez, were present at the London Stock Exchange for the debut of International Consolidated Airlines Group (IAG).

Market Report: Ocado flavour of the day as merger chat returns

The market's taste for online grocery group Ocado continued unabated yesterday as rumours of a takeover refused to die, although some put the rise down to pressure on the City's short sellers.

Ask Simon Calder: BA & Iberia merger

This morning the aviation world changed, when the first shares in IAG – the new company combining British Airways and Iberia – began trading. But the merger raises all kinds of questions that could worry the traveller

New BA shares trade after merger

British Airways embarked on a new stock market journey today following its merger with Spanish rival Iberia.

BA cabin crew vote for further strike action

British Airways passengers have once more been left facing uncertainty over their travel arrangements after the airline's cabin crew voted to strike for the fourth time in just over a year.

BA faces more strikes as Iberia merger is sealed

British Airways cabin crews have voted for a fresh wave of strikes, inaugurating yet another round in the two-year dispute that has cost the airline £150m and seen 22 days of industrial action so far.

BA cabin crew vote for fresh round of strikes

British Airways was facing the threat of a fresh wave of strikes by its cabin crew tonight after they voted heavily in favour of more walkouts in their bitter dispute with the airline.

BA trades for last time ahead of merger

BA will trade on the stockmarket for the last time today before its merger with Spanish carrier Iberia.

Traveller's Guide: The Inca Empire

A century after Hiram Bingham stumbled upon the dramatic ruins of Machu Picchu, Mick Webb explores the trails and cities the Incas left behind

Big freeze costs BA £50m

British Airways today estimated the disruption caused by heavy snowfall and freezing temperatures last month will cost the airline £50 million.

Spain's master of haute couture makes final bow

The grandfather of Spanish fashion, 81-year-old Elio Berhanyer, has become the latest victim of the country's ailing economy. The veteran designer, a survivor of Spain's bygone era of haute couture who once dressed Ava Gardner and Cyd Charisse, was forced to close his Madrid atelier this month after a year of sluggish sales. His employees reportedly had not received their wages since September.

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