Spot on NSF.
As a company that can't now do anything without the permission of the City, RW completely lost their confidence. With his tales of doom and gloom we ended up with a share price £1.18 and a minimal market worth. We were lucky not to have been taken over.
The new CEO is going to have to be a darling of the city and BC's fiasco and resignation over the Olympic bid hardly holds her in good stead.
Mind you, I see the new BA boss has come up with a great new concept-a low cost short haul operation X-LHR and removing First Class from the Paris flights. Inspired.