logo
British Airways Parent Set to Order About 30 Boeing Jets

British Airways Parent Set to Order About 30 Boeing Jets

Bloomberg08-05-2025

By , Siddharth Vikram Philip, and Kate Duffy
Save
British Airways parent IAG SA is poised to order about 30 Boeing Co. 787 Dreamliner aircraft, according to people familiar with the matter.
The deal may include options that increase the number of planes, the people said, asking not to be identified discussing a private matter. Airbus SE may also receive some widebody orders, the people said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nationwide draws up bonus plan that could give CEO £7m payday
Nationwide draws up bonus plan that could give CEO £7m payday

Yahoo

time27 minutes ago

  • Yahoo

Nationwide draws up bonus plan that could give CEO £7m payday

Nationwide's chief executive, Debbie Crosbie, could land a maximum pay package of nearly £7m as part of a new bonus plan that has been criticised as 'borderline hypocritical' for a UK building society. The pay policy, which will be put to its customers next month, would raise Crosbie's maximum payout by 43% to £6.9m. She had previously been allowed to earn up to £4.8m under the building society's remuneration guidelines. The plans were outlined in Nationwide's annual report, which argued that Crosbie's pay should reflect new demands following the £2.9bn takeover of Virgin Money, and should be offering payouts close to packages offered by rivals including Lloyds Banking Group and NatWest. Those rivals, it said, had 'significantly increased' executive pay following the eradication of the UK banker bonus cap, which previously limited payouts to two times' salary. 'This has materially increased the gap between Nationwide and the firms with which we compete for senior talent,' its annual report said. Nationwide now wants to offer Crosbie an annual bonus worth up to 150% of her £1.1m salary, up from 100%, and said it would consider hiking other elements – which could include long-term bonuses – in order to compete with other big high street lenders. 'While our proposed changes for 2025-26 will go some way to addressing the competitive gap, we remain materially behind some of our UK banking peers, and the committee recognises that future policy changes among other firms may further increase the existing gap,' the annual report said. Nationwide is hoping that its customers back the new plan at its annual meeting, which is being held online on 25 July. But the pay policy drew criticism from the High Pay Centre thinktank, which said a member-owned UK building society like Nationwide should not be trying to match UK banks on pay. Luke Hildyard, the director of the High Pay Centre, said: 'It's borderline hypocritical for a building society that presents itself as an ethical alternative to the major banks to replicate their pay culture, the aspect of modern banking that people find most egregious. 'Nationwide is a longstanding institution with an established brand and business model. They really don't need to make such vast executive payouts and could better reflect the values they project in TV adverts by doing things differently.' Nationwide had a TV advert banned last year that mocked its bank rivals. The original advert showed the actor Dominic West as a fictional, hard-nosed bank manager intent on closing branches. He mocked customers who have lost their life savings as a 'total yawn fest', clicks his fingers for a green smoothie and says: 'We're not Nationwide are we, we're nothing like them.' Nationwide's annual report showed Crosbie was paid a total of £2.5m for the financial year to March, up 2.4% from a year earlier. The staff bonus pot – excluding new Virgin Money colleagues – rose 16.8% to £97m. Including the newly added Virgin Money workforce, the bonus pot totalled £132m. A Nationwide spokesperson said: 'Nationwide has become the second largest provider of mortgages and retail deposits, and remains first for customer satisfaction, because it can attract, retain and motivate talented leaders to run a business of this scale and prioritise member value.'

UK to install over 100,000 EV chargepoints
UK to install over 100,000 EV chargepoints

Yahoo

time27 minutes ago

  • Yahoo

UK to install over 100,000 EV chargepoints

The UK Government is set to install more than 100,000 electric vehicle (EV) chargepoints across England. Future of Roads Minister Lilian Greenwood announced that the government, along with industry partners, will deploy these chargepoints over the coming years. This expansion will add to the existing 80,000 public chargepoints available in the UK, making overnight charging more feasible for EV drivers. According to the statement from Greenwood and the UK Department for Transport, the installation of these chargepoints is supported by the £381m ($519m) Local Electric Vehicle Infrastructure (LEVI) Fund, which aims to assist industry and local authorities in England. The LEVI fund is part of the government's broader £4bn investment to facilitate the switch to EVs and secure global trade deals that benefit British carmakers. With the initiative, the government is hoping to tap into a multibillion-pound industry, create high-paid jobs, and contribute to the Plan for Change by increasing disposable income for families. Greenwood said: 'This government is powering up the EV revolution by rolling out a chargepoint every 29 minutes, and our support to roll out over 100,000 local chargepoints in England shows we are committed to making even more progress. 'We are delivering our Plan for Change by investing over £4bn to support drivers make the switch while backing British carmakers through international trade deals, creating jobs, boosting investment and securing our future.' Chargepoint operator Believ recently announced a £300m private investment for 30,000 new chargepoints across the UK. Private investment is expected to reach £6bn to install tens of thousands of chargepoints by 2030. The UK Government is also collaborating with local councils to expedite this rollout, with Suffolk County Council being the first to contract with a chargepoint operator. Believ CEO Guy Bartlett said: 'It is fantastic to see government and private industry working together to accelerate the EV charging rollout. Collaboratively, we recognise the scale of investment required and the urgency of the need. 'Confidence in EVs will continue to grow as drivers see more infrastructure going into the ground. At Believ, we are very proud to be at the heart of this journey.' According to Startline Motor Finance's May Used Car Tracker, 72% of UK drivers would transition to an electric vehicle if it provided a 250-mile range with just a five-minute charge. "UK to install over 100,000 EV chargepoints " was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

UK's biggest-ever lottery prize still up for grabs
UK's biggest-ever lottery prize still up for grabs

Yahoo

time40 minutes ago

  • Yahoo

UK's biggest-ever lottery prize still up for grabs

The biggest lottery prize the UK has seen could still be won on Tuesday after Friday's EuroMillions draw had no winners. The jackpot for the draw on Tuesday will be £208 million and would be the largest prize awarded in the UK if won by a single ticket-holder, National Lottery operator Allwyn said. The EuroMillions jackpot is capped once it reaches 250 million euros – or £208 million. Once it has reached its cap, and if there is no winner, it stays at this value for a further four draws until it must be won in the fifth draw. This will be on June 20. In the Must Be Won draw, if no ticket matches all five main numbers and two Lucky Stars, the entire jackpot prize will roll down into the prize tier where there is at least one winner – likely to be five main numbers and one Lucky Star. Andy Carter, senior winners' adviser at Allwyn – operator of The National Lottery, said: 'Everyone dreams of that huge win when they buy their National Lottery ticket. What a win like this can do for you, your nearest and dearest and the wider community really is incredible. 'From private islands and private jets to really making a monumental difference to causes close to your heart, a £208 million EuroMillions jackpot win would mean pretty much anything is within reach. 'All you have to do to be in with a chance of actually living the dream is to simply buy a EuroMillions ticket. Good luck to all UK EuroMillions players in this Tuesday's draw.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store