LONDON/BERLIN, Jan 29 (Reuters) - British Airways is facing a backlash from customers after making changes to the way passengers can earn and spend miles under its Avios frequent flyer programme, with some threatening to switch to rival airlines such as Virgin Atlantic, Ryanair and easyJet.
BERLIN, Jan 29 (Reuters) - British budget airline Monarch, rescued by a private investor in October, expects to return to profit this year after restructuring and a sharp fall in the price of oil, its management said on Thursday. Monarch, in which Greybull Capital agreed to invest 125 milli
Read moreCharles Stanley has cut its recommendation for Royal Dutch Shell from 'buy' to 'accumulate', saying it sees less upside after fourth-quarter profits came in well below forecasts. The broker said: "The strong balance sheet will take the strain as Shell begins to reduce capital expenditure and operati
Read moreEasyjet's shares were flying higher on Thursday after analysts at Barclays Capital upgraded their stance on the stock from 'equalweight' to 'overweight' and hiked their target price from 1,850p to 2,150p. The positive move came after the airline's stronger first-quarter update on Tuesday which showe
Read more(Adds airport back to normal) LONDON, Jan 27 (Reuters) - The passenger terminal at Luton airport north of London was briefly evacuated on Tuesday after a faulty light fitting in the baggage reclaim area caused a fire alarm to go off, an airport spokeswoman said. "Fire crew attended as
Read moreShares in Easyjet ascended after the British budget airline said it now expects an increase in revenues per seat in the first half. The company said revenue per seat at constant currency should rise by 2% on last year, compared with its previous guidance of "flat to very slightly up". It also expect
Read moreHSBC's share price was under pressure on Tuesday after broker Investec lowered its rating for the stock from 'add' to 'hold', saying that the bank's upcoming fourth-quarter results could disappoint. The broker said that a weak showing from the bank on 23 February will "trigger downgrades", as it low
Read moreWeaker-than-expected UK data and concerns over Russia weighed on London's stock exchange on Tuesday, as the market pulled back from its highest level in over four and a half months. US stock futures were also heading lower ahead of the opening bell on Wall Street as tech giant Microsoft underwhelmed
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