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Reuters UK

BA losses show cabin crew deal is vital, says union
The Guardian
The Unite union said today that British Airways's £164m quarterly loss underlined the importance of the carrier reaching a deal with its cabin crew. The disruption caused by the volcanic ash cloud in the spring, coupled with the effects of a bitter ...
British Airways First-Quarter Loss Widens on Cabin-Crew Strikes, Ash CloudBloomberg
It never rains, but it pours (ash) for BAManagement Today
British Airways posts Q1 loss of $190 mlnThe Associated Press
Financial Times -Reuters UK -This is Money
all 348 news articles »

Business Headlines
Strikes and ash extend BA losses
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.

Sale of EDF's UK networks agreed
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).

Disney sells Miramax film studios
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.

Deadline for tax credits renewal
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.

Industry toasts beer sales rise
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

US sees paper profit on bail-outs
Assets bought by the US to bail out AIG and Bear Stearns are showing a paper profit, the Federal Reserve Bank of New York says.

Chip sales boost Samsung profits
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.

Benefits face 'radical' shake-up
Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.

Citigroup agrees $75m fraud fine
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.

Gambling firms reveal merger plan
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.







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