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 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 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 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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Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog
War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
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Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

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From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
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Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
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Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
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Professor Danielle George: On a mission to bring back the art of 'thinkering'

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Monique Roffey: The author on father figures, the nation's narcissism and New Year reflections

Monique Roffey interview

The author on father figures, the nation's narcissism and New Year reflections
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

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DJ Taylor: Good taste? It's all a matter of timing...

Good taste? It's all a matter of timing...

It has been hard to form generally accepted cultural standards since the middle of the 19th century – and the disintegration is only going to accelerate, says DJ Taylor
Olivia Jacobs & Ben Caplan: 'Ben thought the play was called 'Christian Love'. It was 'Christie in Love' - about a necrophiliac serial killer'

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Olivia Jacobs and Ben Caplan
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month