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Willie Walsh

BA’s battle with costs goes on as deficit spirals higher

Costs are falling and its aircraft are flying fuller, but British Airways said it has yet to turn a corner in the worst airline slump on record  Comments 

Segro £110m property sale

There was hard evidence of the building momentum in the commercial property market, when Segro announced a £110 million deal to sell a Southall industrial park  Comments 
Lehman Brothers

More delays in Lehman repay

Hedge funds and other big investors told to expect even more delays before getting back the $16 billion worth of assets they had tied up with the Lehman Brothers’ London-based European business  Comments 

Five feels the pain of £20.8m loss

Channel Five underlined the challenging state of the terrestrial commercial TV market as new figures showed it recorded a £20.8 million annual loss  Comments 

Premiums boost Lloyd’s pair

Lloyd’s of London insurers Hiscox and Beazley enjoyed the calm after the storm in the last three months, boosted by higher gross premiums and investment profits  Comments 

Corporate entertainment

mandelson xmasPsst! Keep it quiet but the City still wants to celebrate

BA analysis

ba boarding passStaff and fuel costs are too high as passengers fly “Anyone But BA”
 

Banks ‘causing property bottleneck’, says expert

Britain’s banks are causing a bottleneck in the commercial property market by holding onto seized assets rather than selling them on, an industry expert warned today  Comments 

Allianz back in profit as sales beat forecasts

Insurer Allianz today bounced back from heavy losses a year ago with a forecast-beating surge in profits on sharply higher revenues  Comments 

Capital leads recovery but job losses still rise

London is leading the UK out of recession despite unemployment continuing to rise at pace in the capital  Comments 

Wal-Mart sells Asda to Corinth in UK restructuring

Wal-Mart has carried out an internal restructuring of its UK business which has seen it “sell” Asda to another Wal-Mart company for £6.9 billion  Comments 

Axa plans Asian push with €2bn rights issue

French insurance giant Axa today unveiled a major restructuring attempt including a €2 billion (£1.7 billion) rights issue to fund a push into Asia  Comments 

Can British Airways survive the recession?

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Have ITV advertising revenues turned the corner?

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Market Roundup
FRIDAY UPDATE

City remains positive despite shockers from BA and RBS

Investors were doing their best to look on the bright side today after the combined losses from Royal Bank of Scotland and British Airways reached £1.79 billion during the first six months of the year

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City Spy, cityspy@standard.co.uk

Pots, kettles and Moscow’s mayor

“Chelsea owner Roman Abramovich has been roundly ticked off by the Mayor of Moscow — for buying the West London football club

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