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Wednesday, 30 July 2008

BBC News

Financial Times

  • BA clicks into shape for its Spanish stepsBritish Airways' planned merger with Iberia would unite the number four and six European carriers measured by market capitalisation and three and five by turnover
  • BA has history of failure in merger activitiesBritish Airways has had a mixed record at best in pulling off acquisitions since it was privatised in 1987. If the planned tie-up with Iberia gets off the ground, it will be by far the group's most ambitious takeover
  • BA/IberiaNews that BA, the British flag-carrier, is planning a share-for-share merger with Iberia, its Spanish counterpart, sent short-sellers scurrying to close big positions in both stocks

The Guardian

The Herald

Times Online

  • British Airways merger with Iberia could smooth a bumpy ride The last Anglo-Spanish alliance in the airlines business was one of the worst deals ever - the decision by Ferrovial to pay £10 billion and assume another £4 billion of debt for the sheer pleasure of owning Heathrow, Gatwick and the rest of the BAA stable. So it is only fair to approach BA's mooted tie-up with Iberia with a degree of caution.
  • BP rings up record profits of £4.74 billion A doubling of the returns from its troubled Russian joint venture and the soaring cost of oil helped BP to report record second-quarter profits of $9.46 billion ($£4.74 billion).
  • BA-Iberia merger would create biggest airline in Europe British Airways has begun merger talks with Iberia, the Spanish national carrier, in a deal that will create Europe’s largest airline.

Reuters News

Mail Online

Network Rail

Transport Briefing

  • Beefed up parking laws to tackle nuisance parkersPlans to help councils tackle inconsiderate parking have been outlined in a consultation document published this week by Transport Minister Rosie Winterton.
  • First ScotRail fines drop under SQUIRE regimeTrain operator First ScotRail has improved services in the past year, according to the first full set of annual results published under a new assessment system overseen by Transport Scotland.
  • Cash agreed for two rail stations in West YorksPlans to build two new railway stations in West Yorkshire have taken a step forward after the Yorkshire and Humber Assembly Regional Transport Board backed a £14.3m package of rail enhancements for the Leeds area.
  • ORR seeks powers to direct rail network expansionDecisions to provide extra passenger capacity and electrify railway lines could in future be taken by the Office of Rail Regulation under new proposals put forward by the industry regulator.
  • 2019 target for Heathrow high speed rail planArup, the engineering consultancy credited with putting forward the route chosen for the Channel Tunnel Rail Link, has held a meeting with Ruth Kelly, Secretary of State for Transport, to discuss how the private sector could finance a high speed rail line from central London to Heathrow Airport.
  • TfL fast-tracks East London Line phase two rail worksTransport for London has brought forward preliminary works for phase two of the East London Railway project in an attempt to streamline and speed up delivery of construction work should the government agree to fund construction of the entire scheme.
  • Corby railway station construction gets underwayBuilding contractor Dean & Dyball has begun construction of Corby's new £10.22m railway station.

Birmingham Post

Edinburgh Evening News

London Evening Standard

Manchester Evening News

Metro

Newcastle Journal

The Press and Journal (Aberdeen)

  • Unite to end A9 carnage, urges Highland MPHighland politicians were yesterday urged to cross party lines and unite to campaign for improvements to one of the most dangerous roads in Scotland following the latest tragedy on the A9.

The York Press

This Is Local London Network

  • Heathrow protesters learn new militant movesAngry protesters who are desperate to stop Heathrow expansion are set to take part in special training classes to learn militant techniques, including climbing walls and chaining themselves to fences.

Wales Online

Yorkshire Evening Post

Bucks Free Press

Peterborough Telegraph

Reading Evening Post

Sunderland Echo

Washington Post

  • U.S. should wean itself from gas tax: gov't official WASHINGTON (Reuters) - The U.S. government should begin weaning itself from gasoline taxes and unwind other programs to make way for more state involvement and private investment in road construction and transit, the Bush administration proposed on Tuesday.

Aviation Industry

  • Scottish railTransport Scotland and First ScotRail have placed an order with Siemens Mobility for the supply of 38 Desiro UK type electric multiple units.
  • Soaring to the GREEN StandardIn a world going green: Cars, Food, Buildings, we are compelled to ask, can an Aircraft truly go green? What would it look like? Sound like? How would it fly?
  • Airlines attack EU aviation emissions levyImposing an emissions trading scheme on airlines flying through Europe has “no chance” of succeeding and could incite a trade war with the United States, the global trade body for commercial carriers has warned.
  • Poor public transport putting City of London at riskThe City of London’s projected population and workforce growth cannot be supported without ’radical change’ of the public transport network said the City Property Association today.
  • New appointment on Port of Tyne’s boardTHE head of one of the world’s leading container shipping lines has been appointed to the Port of Tyne's Board.

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