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.... A quick deal, she said, might be better than a perfect deal. McGuinness, who chairs the policy and resources committee at the City of London Corporation – the local authority for the heart of the capital’s financial district – warned that this was a critical moment if major insurers, banks and fund managers were to avoid implementing their Brexit contingency plans. ... [Read full article on Guardian ]
Thursday 21st of September 2017 11:37:42 AM
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Latest Finance News related to Contingency Plan

City's top official calls for quick Brexit deal to avoid exodus of jobs image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:37:42 AM
.... A quick deal, she said, might be better than a perfect deal. McGuinness, who chairs the policy and resources committee at the City of London Corporation – the local authority for the heart of the capital’s financial district – warned that this was a critical moment if major insurers, banks and fund managers were to avoid implementing their Brexit contingency plans. ...
London still world's top financial centre despite Brexit, says survey image
Source : Guardian [Read Article] Monday 11th of September 2017 12:52:00 PM
....”. Davies told Bloomberg that contingency plans for the UK leaving the EU would need to be rolled out on the basis of a hard Brexit – without a trade agreement or any implementation period. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
.... Numerous banks from HSBC to Goldman Sachs have suggested they could move staff. “If, as we expect, Brexit negotiations continue to progress slowly, more firms will activate Brexit contingency plans, freeing up office space and sapping demand for new commercial projects,” Tombs said. ...
Need help to claim after a flight delay?  As firms cash in, beware the small print image
.... The law is hazy on what counts as an extraordinary circumstance, but over the years court rulings have tightened up the definition and technical problems don’t count unless they can be proved to be an inherent manufacturing fault. Nor can airlines blame crew sickness or inclement weather since these are deemed an inevitable factor when running an airline and they are supposed to have contingency plans. ...
EasyJet left us stranded in Nice with two diabetic children image
Source : Guardian [Read Article] Thursday 24th of August 2017 06:00:12 AM
.... It once again promises to refund the cost of the alternative flight, meals and hotel but it’s another 40 days before the money reaches you. Court rulings have decreed that airlines should have contingency plans for bad weather so you may also be entitled to compensation under EC regulation 261 if you can face another fight. ...
'Potential for chaos': Welsh port fears post-Brexit customs delays image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:00:31 AM
....“Nobody is going to bulldoze part of Holyhead or Dublin to make way for inspection sheds. Nobody is going to buy land on a contingency plan until we know what the Brexit deal is like,” said Reardon. ...
Bank of England warns Brexit will put strain on regulatory resources image
Source : Guardian [Read Article] Tuesday 8th of August 2017 11:01:03 PM
....Morgan wrote to Woods last month to ask for details of the City’s readiness for a hard Brexit. In his reply, Woods said the PRA was scrutinising the plans of 401 City firms to ensure each one was ready for Brexit and also to establish iwhether there were “broader financial stability risks, which could arise from the collective execution of the contingency plans”. ...
Bank of England deputy's Brexit warning is strong stuff | Nils Pratley image
Source : Guardian [Read Article] Tuesday 8th of August 2017 11:01:03 PM
....4m, or 2% of the PRA’s budget. The sums will be much larger in other public institutions that are obliged to draw up contingency plans for Brexit. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
....In her first outing as chair of the Treasury select committee, Nicky Morgan wants a report from the Bank of England on how banks and insurers are preparing for Brexit, with particular reference to the risks created by a “no deal” outcome. In theory, this request should be unremarkable since the Bank itself asked firms in April for their contingency plans. ...
Barclays sets aside extra £700m for PPI claims image
Source : Guardian [Read Article] Friday 28th of July 2017 07:25:34 AM
.... It is also making changes to cope with Brexit and is expanding in Dublin. Staley said businesses in the UK would need to start their Brexit contingency planning and said the government was reaching out to the business community as negotiations begin. ...
Entrepreneurs on Trump's startup visa block: 'this puts everything on hold' image
....”. Nadjm made contingency plans, and prepped colleagues to step in at the meeting if he was held at immigration on arrival to the US. ...
Bank of America to move some City of London roles to Dublin post-Brexit image
....In the past week, a number of City firms have publicised their intentions, including US banks Morgan Stanley and Citi, as well as Deutsche Bank of Germany. John Cryan, the Briton who runs Deustche, said it was “far from clear what a Brexit constitutes” and City figures and regulators have been calling for an agreement on a transition deal by the end of the year if they are to avoid implementing their contingency plans. ...
'City will have to launch Brexit plans if there is no transitional deal' image
. Major City firms will start implementing their Brexit contingency plans at the end of the year unless there is an agreement about the UK’s transition terms for exit from the EU, according to the City regulator. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....“There are still downside risks relating to Brexit, but there are also upside possibilities if negotiations go smoothly and the recent eurozone economic recovery continues. We expect the UK to suffer a moderate slowdown, not a recession, but businesses should be monitoring this and making contingency plans. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
....It is patently obvious that the Conservatives were hopelessly ill-prepared for the current negotiations. By contrast, I am authoritatively told that from the moment the decision to hold a referendum was announced, contingency plans began in Brussels for the Brexit our partners did not want but, wisely, as it turns out, feared. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
.... Xavier Rolet, the boss of the London Stock Exchange, has said that Brexit could lead to as many as 100,000 jobs moving out of London. “The difference three months on from the triggering of article 50 is that we are seeing major financial brands put their contingency plans into action – over a quarter of the companies we track have suggested there will be potential changes to their London base as a result of Brexit,” said Omar Ali, EY’s UK financial services leader. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
....The agency said that while the price increases were to some extent a matter of choice, they were likely to have been necessary for firms that relied on imports which had become more expensive as a result of the falling exchange rate. With firms making Brexit contingency plans, investment was being shelved rather than given the go-ahead. ...
Deadline looming for firms to give Brexit strategies to Bank image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
....While the plans that the Bank’s regulatory arm, the Prudential Regulation Authority, is asking for are intended to be contingency proposals, there are fears they could be enacted at the end of this year if there is no more information about transition arrangements. Andrew Bailey, chief executive of the Financial Conduct Authority, said last week: “It would be regrettable if firms feel they’re in a bind because they have to do practical implementation of contingency planning before they know the context in which they’re going to be working in the future. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....”. The European Central Bank said last month that banks should speed up Brexit preparations, while the Bank of England wants to hear financial firms’ contingency plans by 14 July. ...
Bank of England staff to go on strike image
Source : BBC [Read Article] Monday 3rd of July 2017 12:28:05 PM
....According to the Unite union, the strike will leave its headquarters in the City of London without security and maintenance staff and "effectively inoperable". However, the Bank says it has contingency plans in place. ...
Ireland says dozen City firms and banks to set up in Dublin over Brexit image
Source : Guardian [Read Article] Thursday 29th of June 2017 05:09:09 PM
....All banks and financial services operations are obliged by regulators to be “day one ready” for Brexit at the end of March 2019. But with the time needed for banking licence applications, securing real estate, trading floors and having credit ratings in place by then, contingency plans need to be complete in the next few weeks. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
....Carney said financial markets had started to adjust to the post-Brexit world. “Depending on whether and when any transition arrangement can be agreed, firms on either side of the channel may soon need to activate contingency plans”, he said. ...
Power surge? image
Source : BBC [Read Article] Thursday 1st of June 2017 11:43:36 AM
....But what really went wrong? No-one seems to have a firm answer. BA has apologised and blamed a "power surge" affecting IT equipment - but many engineers have reacted sceptically to that, pointing out that major firms are meant to have contingency plans in place to avoid disruption when primary systems fail. ...
London is still a global draw despite Brexit, says British Land image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:59:48 AM
.... The Brexit process has begun but uncertainty will continue for some considerable time,” said Chris Grigg, chief executive of the company behind the “Cheesegrater” skyscraper in the City of London. “London occupiers, particularly financial institutions, are making contingency plans but there is a wide range of possible outcomes here. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
....Last week, it warned it might have to move staff – possibly as many as 1,000 from the City of London – as a result of Brexit It employs 16,000 people across the UK, with about 11,000 in the City and 4,000 in Bournemouth – it is the biggest private sector employer in Dorset – with the remainder in Scotland. Details are starting to emerge about Brexit plans after the Bank of England instructed major financial firms to put contingency plans in place and explain to Threadneedle Street by 14 July how they were preparing for “all eventualities”. ...
Brexit will 'stall' City, says Goldman Sachs chief image
Source : Guardian [Read Article] Friday 5th of May 2017 07:01:26 AM
....”. In March, it emerged that Goldman had started to transfer hundreds of staff out of London ahead of a Brexit agreement as part of “contingency plans”. ...
Goldman Sachs draws up Brexit contingency plans image
Source : BBC [Read Article] Friday 5th of May 2017 06:19:03 AM
JP Morgan may move hundreds of jobs in pre-Brexit move image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:42:46 PM
.... . Several global banks have announced in recent weeks that they will move some jobs out of London as part of contingency plans for when the UK leaves the EU. ...
'After Brexit people will fall in love with English apples again' image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
....Farming can be a volatile business at the best of times, but diversification has been essential to ensure Norwood Park’s survival since 1910 when the first orchard was planted. “Expand, expand, expand [is our contingency plan],” Suzannah says. ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:03:42 PM
....The Bank of England has given financial firms a deadline of 14 July to explain how they are planning for the UK’s departure from the EU and warned them to be ready for all possible outcomes, including a hard Brexit. The Bank wrote to hundreds of banks, insurers and other financial firms earlier this month, ordering them to get contingency plans in place. ...
Barclays boss sounds Brexit talent warning image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:19:59 PM
.... . Both Mr Staley and the chairman of HSBC, Douglas Flint, said that contingency plans to deal with the passporting issue were close to being triggered. ...
Lloyds eyes Berlin for post-Brexit push image
Source : BBC [Read Article] Sunday 16th of April 2017 04:22:04 PM
....That scheme may end when Britain leaves the EU, with no guarantee that it will be replaced by a similar agreement. It is that uncertainty that had led many financial companies - and particularly international banks - to make contingency plans that would see them transfer a chunk of their business to an EU member country. ...
Strikes announced on Virgin Trains East Coast and Arriva Rail North image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:53:49 AM
.... We have repeatedly assured the RMT that the safety-critical role of the guard will remain on board, with the new train manager role taking responsibility,” said a statement. The managing director of Virgin Trains East Coast, David Horne, said: “We have worked hard to ensure there are comprehensive contingency plans in place and I want to reassure our customers that our timetable will be almost completely unaffected during this walkout, as well as during any subsequent strikes by the RMT. ...
Outlook for City after Brexit 'has improved' image
Source : BBC [Read Article] Sunday 9th of April 2017 09:30:14 AM
.... . "Banks have had contingency plans since before the Brexit referendum in some cases," he said. ...
Brexit raises spectre of dearer Guinness and Baileys image
Source : Guardian [Read Article] Friday 7th of April 2017 04:10:28 PM
....Diageo, the Guinness owner, confirmed a Bloomberg report on Friday that it had estimated a so-called “hard border” could cause delays of between 30 minutes and an hour, costing an extra €100 (£85) for each lorry-load of Guinness. Each year the company makes 13,000 beer-related border crossings in Ireland and Guinness contingency plans estimate the delays could amount to €1. ...
Bank of England orders financial firms to draft Brexit contingency plans image
....The Bank of England has given financial firms a deadline of 14 July to explain how they are planning for the UK’s departure from the EU and warned them to be ready for all possible outcomes, including a hard Brexit. The Bank wrote to hundreds of banks, insurers and other financial firms on Friday ordering them to get contingency plans in place. ...
Brexit: Bank urges City to 'plan for all eventualities' image
Source : BBC [Read Article] Friday 7th of April 2017 09:19:58 AM
....The Bank of England has written to the UK's biggest financial firms, urging them to plan for "all eventualities" from the UK leaving the European Union. Bank governor Mark Carney said the "vast majority" of City firms already had contingency plans in place. ...
Ryanair 'will have to suspend UK flights' without early Brexit aviation deal image
....The open skies policy binds EU members to regulatory oversight by the European court of justice and to freedom of movement, two red lines for the UK government in Brexit talks. But Sorahan said that even if May changed her stance, Ryanair had to make contingency plans as the EU had said there could be no Brexit deal until all parts of the arrangement were agreed. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....Virgin Money and CYBG, the owner of the Clydesdale and Yorkshire bank networks, are thought to be set to put forward bid proposals, but fears are growing that the Co-op bank will be broken up rather than sold as an entity. It has emerged that the Bank of England has placed Co-op bank under “intensive supervision” with contingency plans to ensure an “orderly failure” if a sale or an injection of fresh capital is not agreed. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
.... If vast chunks of EU-only financial activity have to be cleared within the EU, it is conceivable that sizeable trading teams could shift. Consider moves such as JP Morgan’s bid to buy an office in Dublin as sensible contingency planning: the bank won’t necessarily move hundreds of jobs, but it needs to be able to act quickly if necessary. ...
Immigration should rise and fall after Brexit, David Davis says image
....David Davis said a "sustainable" system would take into account the needs of the NHS and different industries. He also said the government had a "huge contingency plan" for the UK leaving the EU without a deal. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
....The Bank of England has asked UK banks, insurers and other financial institutions to draw up comprehensive plans for how they will deal with Britain’s exit from the European Union, and will scrutinise them closely. Two days before Theresa May’s government plans to trigger article 50 and begin two years of negotiation over the UK’s departure, the Bank said City institutions would have to provide copies of contingency plans to reassure regulators that they were ready for “a range of possible outcomes”. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
.... The value of the bank’s bonds fell to fresh lows on Friday, suggesting that investors have taken little reassurance from the bank’s official statement in the morning. It has emerged that the Bank of England has placed Co-op Bank under “intensive supervision” with contingency plans to ensure an “orderly failure” if a sale or fresh capital raising is not agreed. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
.... . The BBC understands contingency plans to ensure the "orderly failure" of the 150-year-old bank are well advanced. ...
Deutsche Bank commits to new London office image
Source : BBC [Read Article] Friday 24th of March 2017 09:49:11 AM
.... . This week, a senior Goldman Sachs executive said it would move jobs away from London and bulk up its European presence by "hundreds of people" as part of Brexit contingency plans. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
....Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed. Richard Gnodde, chief executive of Goldman Sachs International, said on Tuesday the decision to relocate workers was part of the bank’s contingency plan for the UK leaving the EU. ...
Goldman Sachs to expand EU presence ahead of Brexit image
Source : BBC [Read Article] Tuesday 21st of March 2017 03:00:44 PM
....If all goes according to the two-year negotiations allowed for in the official timetable, Brexit should happen in March 2019. But Mr Gnodde told CNBC that Goldman Sachs would not wait until the end of the Brexit talks to "execute on its contingency plans". ...
Torrey Canyon disaster – the UK's worst-ever oil spill 50 years on image
Source : Guardian [Read Article] Saturday 18th of March 2017 08:00:33 AM
....Government and industry responses to oil spills are much better today, partly as a result of Torrey Canyon, according to Hawkins. Oil spill contingency plans, something that did not exist in 1967, are in place around the coast. ...
No-deal Brexit 'would put UK in worst trading position of rich nations' image
....Ministers and officials were already planning for such an outcome, Davis said, while stressing it was not a favoured option. “Understand, it’s a contingency plan – the aim is to get a good outcome,” he said. ...
Brexit without trade deal would open Pandora's box, says CBI chief image
Source : Guardian [Read Article] Thursday 2nd of March 2017 06:25:49 PM
....As Theresa May prepares to trigger the formal talks process for leaving the EU, Drechsler used a speech at Mansion House in the City of London on Thursday night to warn that the two-year article 50 process would be a “roller-coaster” for businesses trying to plan for the future. The prime minister has said that at the end of the two-year process, no deal would be better than a bad deal, and the Brexit secretary, David Davis, has warned his cabinet colleagues to draw up contingency plans in case Britain has to exit without a deal and is forced to trade with the rest of the EU on less preferential World Trade Organisation terms. ...
BA cabin crew to stage a new seven-day strike over pay image
Source : BBC [Read Article] Friday 24th of February 2017 05:30:11 PM
.... . BA said once contingency plans had been finalised it would publish more details next week. ...
Government intervention has led to higher energy bills, claims Lords report image
.... Hollick said the biggest surprise during the committee’s inquiry was the “fragility” of the government’s nuclear ambitions, which envisage new nuclear reactors in Somerset, Suffolk, Anglesey and Cumbria. “It is imperative that the government publishes it contingency plans for how it will make up the capacity due to be provided by these plants in the event one or more does not succeed or is delayed,” the report says. ...
Government meddling makes energy costlier, peers say image
Source : BBC [Read Article] Friday 24th of February 2017 12:23:42 AM
....". The Lords also call for the government to publish a contingency plan in case Hinkley Point C is delayed. ...
Losing banking jobs to EU 'threatens financial stability across Europe' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....He echoed that warning in remarks accompanying HSBC’s worse-than-expected results yesterday, pointing to “uncertainties facing the UK and the EU as they enter Brexit negotiations”. HSBC will implement its contingency plan – to move 1,000 roles from London to Paris – “progressively over the next two years” but American, Swiss and Japanese investment banks may not have as much time because of the way they are structured. ...
BA cabin crew call four-day strike over pay image
Source : Guardian [Read Article] Friday 10th of February 2017 05:04:46 PM
.... The offer’s there, it’s still available to them – it’s not going to change. We have contingency plans that are robust and very effective. ...
British Airways cabin crew to stage six-day walkout in pay dispute image
Source : Guardian [Read Article] Friday 27th of January 2017 05:03:28 PM
....”. The airline said it would publish more details next week of its contingency plans for passengers who have booked to travel during the strike. ...
Citigroup plans new operations away from London after Brexit image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:49:23 PM
.... He told a conference in Dublin he thought many other financial firms with London operations would be working to a similar timescale. The City is rife with speculation that the triggering of article 50 – which is planned for March and will signal the formal negotiations to leave the EU – will lead to major US, Japan and Swiss banks in the UK implementing their Brexit contingency plans. ...
Is the City of London going to hell in a Brexit handcart? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:41:32 PM
....The reality, one suspects, is that these positions are not as far apart as they seem. Everybody is trying to anticipate the outcome of the Brexit negotiations but, in the absence of facts, the bankers’ statements are a cocktail of contingency planning and hazy guesswork. ...
Thomas Cook to fly almost 1,000 Britons out of the Gambia image
Source : Guardian [Read Article] Wednesday 18th of January 2017 12:06:02 AM
.... “They’re worried there might be war,” said one Gambian immigration official. As well as implementing their contingency plan to bring all 985 UK customers they currently have on holiday in the Gambia home, Thomas Cook have also cancelled all flights to the Gambia until Friday 20 January. ...
Transport trouble ahead as air, rail and tube strikes loom image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:08:52 PM
....But the airline described the move as “bizarre and regrettable”. BA said that the first strike had failed to disrupt its customers, who all reached their destinations, and it would set out new contingency plans to ensure all booked passengers could travel again next week. ...
MPs hear call for five-year transitional Brexit deal image
Source : BBC [Read Article] Tuesday 10th of January 2017 01:35:55 PM
....He added that if the UK's banking industry ended up outside the EU single market, customers would find that it was slower to make payments, and those customers such as smaller businesses would probably have to pay more for the banking services which take place in an almost seamless way today. Mr Flint told the MPs his bank had already started contingency planning for a Brexit deal that left the UK outside the EU single market, with France, Dublin, Amsterdam and Luxembourg as likely destinations for banking operations currently based in London. ...
Hard Brexit threatens global financial system, City chiefs tell MPs image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:42:39 PM
....Xavier Rolet, chief executive of the London Stock Exchange, said Brexit could have an impact on “unimaginably large” contracts which are cleared through the City and which might need to be transferred to the 27 remaining EU member states or other financial centres. As Rolet called for a five-year transition period for the UK to exit the EU, MPs on the Treasury select committee were told the triggering of article 50 – the formal process initiating departure from the EU – in March could prompt banks to implement contingency plans to shift business out of London. ...
BA cabin crew plan new strikes image
Source : BBC [Read Article] Tuesday 3rd of January 2017 07:38:56 PM
....BA said it planned to "ensure that all our customers travel to their destinations". It said further details for customers would be published on Friday 6 January, once it had finalised contingency plans. ...
British Airways cabin crew to go on strike next week in pay dispute image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 07:25:18 PM
....About 2,500 members of BA’s mixed fleet – which is predominantly made up of younger and lower-paid cabin crew – will walkout for 48 hours from next Tuesday after the company’s latest offer was rejected. BA said it would “plan to ensure that all our customers travel to their destinations” despite the strike, adding that it would publish details of its contingency plans on Friday. ...
Brexit: banks consider whether to start moving business out of UK image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 06:00:45 AM
. Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the UK. ...
Mark Carney's year in quotes: 'We are actors in a play written by others' image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:29:51 AM
....In April, Carney said Britain’s economy could struggle to grow if the country voted to quit the EU, and warned that Britain’s economy already appeared to be losing steam before the EU referendum. “Risks around the referendum are the biggest risks facing the UK economy, we have contingency planning to decrease the potential impacts of uncertainty,” he told the Stockport Express newspaper. ...
Theresa May urged to get transitional Brexit deal for City image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
....”. There are suggestions that triggering article 50 in March – signalling the formal process of exiting the EU – could prompt firms to start implementing contingency plans to ensure they are able to continue conducting business while a Brexit deal is agreed. ...
Business and parliament must work together to avoid a 'cliff edge' Brexit image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
.... Given the City’s dominance in critical areas such as foreign exchange and debt issuance, a sudden rupture could increase the cost of borrowing across Europe. Better to adjust slowly and avoid the need for contingency plans and double overheads. ...
Union leader says No 10 demonising working people in strikes row image
Source : Guardian [Read Article] Monday 19th of December 2016 05:54:12 PM
....Alex Cruz, BA’s chief executive and chairman, said: “We are making sure that this attempt to ruin Christmas for thousands of our customers fails. Over the weekend, we have been working on detailed contingency plans to ensure that we are able to operate our normal flight programme from all our airports on both Christmas Day and Boxing Day. ...
No 10 accuses striking workers of 'contempt for ordinary people' image
Source : Guardian [Read Article] Monday 19th of December 2016 01:01:02 PM
....Alex Cruz, the British Airways chief executive and chairman, said: “We are making sure that this attempt to ruin Christmas for thousands of our customers fails. Over the weekend we have been working on detailed contingency plans to ensure that we are able to operate our normal flight programme from all our airports on both Christmas Day and Boxing Day. ...
Strikes show contempt says Downing Street image
Source : BBC [Read Article] Monday 19th of December 2016 01:34:53 AM
....British Airways cabin crew belonging to the Unite union are due to strike on Christmas Day and Boxing Day in a row over pay. The airline said it had "detailed contingency plans" that will allow it to run a full schedule even if the cabin crew strike does go ahead. ...
Talks planned to avert pre-Christmas airports staff strike image
Source : BBC [Read Article] Saturday 17th of December 2016 03:18:00 PM
....It is unclear how many airports would be affected if the strikes go ahead, but airlines at Edinburgh, Aberdeen, Glasgow, Leeds/Bradford, Liverpool, Newcastle, Heathrow, Stansted and Manchester airports all employ Swissport staff. A spokesman for MAG, owners of Manchester, Stansted, East Midlands and Bournemouth airports, said: "We are aware of this potential action and are contacting the airlines which use Swissport to understand their contingency plans to minimise any disruption were the strikes to go ahead. ...
Baggage handlers down suitcases as Britons get ready for wave of strikes image
Source : Guardian [Read Article] Saturday 17th of December 2016 11:42:55 AM
....Unite national officer Oliver Richardson called on the company to “engage in constructive talks”. Airport representatives have said they are putting contingency plans in place. ...
Airport workers' strike could disrupt Christmas flights image
Source : Guardian [Read Article] Friday 16th of December 2016 06:46:12 PM
....”. A spokesman for MAG, which owns airports including Manchester and Stansted, said: “We are aware of this potential action and are contacting the airlines which use Swissport to understand their contingency plans to minimise any disruption were the strikes to go ahead. ...
Airport staff in pre-Christmas strike image
Source : BBC [Read Article] Friday 16th of December 2016 05:37:38 PM
....It is unclear exactly how many airports will be affected, but airlines at Edinburgh, Aberdeen, Glasgow, Leeds/Bradford, Liverpool, Newcastle, Heathrow, Stansted and Manchester airports all employ Swissport staff. A spokesman for MAG, owners of Manchester, Stansted, East Midlands and Bournemouth airports, said: "We are aware of this potential action and are contacting the airlines which use Swissport to understand their contingency plans to minimise any disruption were the strikes to go ahead. ...

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