Strike threat recedes as BA nears union deal

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Strike threat recedes as BA nears union deal Show Comments ▼ Monday 11 October 2010 9:17 pm “We have been informed that Tony believes that he should be able to conclude a new proposal, with significant changes, by the middle of next week at the latest,” Bassa’s email to members said.A key sticking point in resolving the dispute, which originally centred around cuts to pay and staffing levels, has been BA’s decision to remove travel perks from cabin crew who took part in the strikes. KCS-content Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm BRITISH Airways and the union representing its cabin crew are moving closer to a peace deal, with a branch of the union claiming a deal could be reached as early as this week.“We did have talks with BA and conciliation service Acas last Friday, we did make some progress and we hope to reconvene to continue talking later this week,” a Unite spokeswoman said yesterday.The Unite union, which represents 90 per cent of BA’s 12,000 cabin crew, has been embroiled in a year-long dispute with the airline, which has resulted in a series of strikes costing BA £150m.Unite’s main cabin crew branch, Bassa, told members in an email last week that Tony Woodley, Unite’s general secretary, hoped to finally reach agreement with BA this week. Tags: NULLlast_img read more

London Stock Exchange in merger deal

first_img whatsapp KCS-content London Stock Exchange in merger deal by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars THE LONDON Stock Exchange (LSE) has agreed a merger with Canada’s TMX Group to create one of the world’s biggest market platforms.The merged company will have a market capitalisation of £4.3bn, making it the seventh-biggest exchange in the world and the largest in terms of number of companies listed.The London Stock Exchange has a secondary share listing in Toronto, which it could use to acquire TMX.The deal is the first major strategic move made by chief executive Xavier Rolet, who is battling to restore the LSE to its former glory, and creates a mining and resources-dominant exchange at a time of surging commodity prices and unprecedented exploration activity.Some of the largest mining companies in the world are listed on the LSE, whilst the Canadian bourse’s TSX exchange hosts several of the largest gold miners.The combined group will be co-headquartered in London and Toronto and would continue to be overseen by regulators in both countries.Rolet, who joined the LSE two years ago, is poised to take the reigns of the merged bourse.TMX chairman Wayne Fox would become chairman of the new entity, whilst the Toronto-based exchange’s chief executive Thomas Kloet would be president.Backers of the LSE are expected to support the merger.Bourse Dubai, the London exchange’s largest shareholder with a 20 per cent stake, as well as Italian banks UniCredit and Intesa Sanpaolo are in favour of the deal. The Qatar Investment Authority, which holds a 15 per cent stake in the LSE, also backs the plans.TMX Group operates three bourses; Toronto Stock Exchange, the Montreal Exchange and the Calgary-based TSX Venture Exchange, together valued at C$2.97bn (£1.86bn).The LSE is valued at £2.4bn, based on last night’s closing share price of 892p per share. Shareholders in LSE would take 56 per cent of the combined unit, which would become the second biggest exchange for shares traded and would overtake the Nasdaq in terms of annual revenue.The deal comes as exchanges worldwide attempt to consolidate in the face of increasing competition from alternative trading platforms such as Bats and Chi-X Europe.Singapore exchange SGX last month agreed a $7.8bn (£4.8bn) takeover approach for Australia’s ASX, creating Asia’s fourth-largest stock exchange.In 2007, an early wave of consolidation saw the New York Stock Exchange buy pan-European trading platform Euronext, Nasdaq buy OMX and Deutsche Borse buy the International Securities Exchange. The London Stock Exchange has faced a number of takeover approaches in recent years from foreign bourses, including German exchange Deutsche Borse in 2004, Australia’s Macquarie in 2005 and Nasdaq in 2006.The deal, which will require approval from the Canadian authorities, will see the group co-headquartered in London and Toronto. Share whatsapp Show Comments ▼ Tuesday 8 February 2011 9:31 pm Tags: NULLlast_img read more