Growing Evidence That The Upturn Is Upon Us
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It's not all bad as a few of us have made some money from Barclays 
Intrepid investors who bet on UK banks three weeks ago can count their profits
Enough to pay for 2 type ratings infact 
Intrepid investors who bet on UK banks three weeks ago can count their profits
Opportunistic investors who bought into British banks three weeks ago are sitting on huge profits in the wake of a spectacular £23 billion rally of Britain's five biggest banks, led by Barclays, which surged again yesterday after a confident statement that it would not need fresh capital.
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BA and Iberia merger talks are idling on the tarmac
Further evidence of this downturn emerged over the weekend when BA confirmed that it had parked two Boeing 747 jets at Cardiff airport. The jumbos, worth more than £140 million each, have had their engines covered and doors sealed as the airline awaits for passenger numbers to pick up.
The news is getting grim
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That's not new news. The aircraft have been there for some time now. The first was parked in Nov 08. BA actually announced they were parking 2 -400s in Aug due to changing equipment over the winter period (as 777 replaced some -400 routes).
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Mail on Sunday article.....7 British Airlines 'on brink of collapse'
According to corporate restructuring expert Begbies Traynor, seven British airlines with a combined turnover of more than £25 million are in danger of going bust in the near future.
Another sixteen airlines are said to be facing 'significant' problems - including impending court actions and overdue accounts - as the industry struggles to cope with the recession.
Nigel Atkinson, a partner at Begbies Traynor, said: 'Demand for flights has fallen dramatically and carriers are frantically adjusting their capacity accordingly.'
Atkinson believes the list of failed airlines, such as Zoom, XL and Silverjet, will get significantly longer this year as the downturn worsens.
'It is remarkable there have been few examples as yet of dramatic downsizing or collapse, but the smaller airlines with no commercial viability or visible benefits to an acquirer will undoubtedly fail,' he said.
Maybe WWW's prediction will come to fruition......................
Another sixteen airlines are said to be facing 'significant' problems - including impending court actions and overdue accounts - as the industry struggles to cope with the recession.
Nigel Atkinson, a partner at Begbies Traynor, said: 'Demand for flights has fallen dramatically and carriers are frantically adjusting their capacity accordingly.'
Atkinson believes the list of failed airlines, such as Zoom, XL and Silverjet, will get significantly longer this year as the downturn worsens.
'It is remarkable there have been few examples as yet of dramatic downsizing or collapse, but the smaller airlines with no commercial viability or visible benefits to an acquirer will undoubtedly fail,' he said.
Maybe WWW's prediction will come to fruition......................
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As has already been stated, the two 747-400's were planned to be parked up as the oil price hit its unprecedented peaks last year. The reason being that BA are about to start taking delivery of the somewhat more frugal 777-300ER's which will replace the thirsty 747-400's on those routes beginning in the summer season.
The talks with Iberia are now detailing what the 'TopCo' company should be and how it is to be put together. An incredibly complex merger with much of the negotiation being kept from the public eye. Bear in mind that the biggest Iberia shareholders are some of the Spanish banks who have been badly burned by the financial melt down and hence are being belligerent about the Spanish percentile deal.
Times are painful but don't let all the rumour and speculation go to your head.
Oh, and I loved the video!!!! When are we going to see 'sail stupid' on the gates to Felixstowe as most of those hulking beasts are steaming around the world with 1960's heavy fuel oil engines belching clouds of smoke and rubbish.
Never, old GB has managed to make our industry the 'public enemy no.1'. The industry needs tax breaks and now.
The talks with Iberia are now detailing what the 'TopCo' company should be and how it is to be put together. An incredibly complex merger with much of the negotiation being kept from the public eye. Bear in mind that the biggest Iberia shareholders are some of the Spanish banks who have been badly burned by the financial melt down and hence are being belligerent about the Spanish percentile deal.
Times are painful but don't let all the rumour and speculation go to your head.
Oh, and I loved the video!!!! When are we going to see 'sail stupid' on the gates to Felixstowe as most of those hulking beasts are steaming around the world with 1960's heavy fuel oil engines belching clouds of smoke and rubbish.
Never, old GB has managed to make our industry the 'public enemy no.1'. The industry needs tax breaks and now.
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Am hearing that a German carrier has gone out of business (Blue wings). It operated 9-10 pretty new A320 and had another 15-20 on order..... that dumps another load of qualified pilots onto the market.... there will be more 
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Good news. Thomas Cook shares are on the rise. Barclays shares have tripled in the last few weeks. A real mixed bag but the gurus in financial engineering are suggesting that a recovery will begin at the later part of this year. In reality this will take a couple of years to filter through but it won't be doom and gloom forever.
Greg
Greg
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Thomas Cook Cut At Goldman As Demand Weakens
LONDON -- Goldman Sachs cut its rating on U.K. travel agent Thomas Cook Group to sell from buy, saying demand is visibly deteriorating across all regions and it doesn't believe there has been enough capacity contraction outside of the U.K. to offset the decline. The broker also told clients that the group's "vertically integrated model" is vulnerable in a downturn because capacity is less flexible.
I see they ARE up 6% today but big deal when they have such a small difference between their 52 week high and low and they have a pretty low share price. It's all relative - like incest. And they are coming up to peak season......The industry is screwed.
LONDON -- Goldman Sachs cut its rating on U.K. travel agent Thomas Cook Group to sell from buy, saying demand is visibly deteriorating across all regions and it doesn't believe there has been enough capacity contraction outside of the U.K. to offset the decline. The broker also told clients that the group's "vertically integrated model" is vulnerable in a downturn because capacity is less flexible.
I see they ARE up 6% today but big deal when they have such a small difference between their 52 week high and low and they have a pretty low share price. It's all relative - like incest. And they are coming up to peak season......The industry is screwed.
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UK house prices rise for first time in 16 months
good news everyone 
UK house prices rise for first time in 16 months - Times Online
House prices rose last month for the first time in 16 months, according to figures from the Nationwide Building Society today.
The price of a typical house increased by 0.9 per cent to £150,946 in March in contrast to February when month-on-month house prices fell by 1.9 per cent.
The unexpected rally lowers the annualised rate of house price declines from 17.6 per cent to 15.7 per cent.
Nationwide welcomed the tentative sign of stability, but added, "It is far too soon to see this as evidence that the trough of the market has been reached."
Howard Archer, chief UK and European economist at IHS Global Insight, agreed that while it is important not to read too much into the surprise rise, he said "there are increasing signs that the housing market may have passed its worst point, helped by the substantial fall in house prices from their 2007 peak levels and markedly reduced mortgage rates."
The price of a typical house increased by 0.9 per cent to £150,946 in March in contrast to February when month-on-month house prices fell by 1.9 per cent.
The unexpected rally lowers the annualised rate of house price declines from 17.6 per cent to 15.7 per cent.
Nationwide welcomed the tentative sign of stability, but added, "It is far too soon to see this as evidence that the trough of the market has been reached."
Howard Archer, chief UK and European economist at IHS Global Insight, agreed that while it is important not to read too much into the surprise rise, he said "there are increasing signs that the housing market may have passed its worst point, helped by the substantial fall in house prices from their 2007 peak levels and markedly reduced mortgage rates."
helped by ..... markedly reduced mortgage rates.
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Green Shoots
Things are impoving rapidly
Now wheres WWW we need to be told that fuel will rise to $300 before xmas house prices will fall 50%; this is just a temprary blip that inflation will soar and all airloines will fail; even Easyjet and Ryanair notwithstanding their continuing profits.... yea yea yea
Now wheres WWW we need to be told that fuel will rise to $300 before xmas house prices will fall 50%; this is just a temprary blip that inflation will soar and all airloines will fail; even Easyjet and Ryanair notwithstanding their continuing profits.... yea yea yea
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If you really really think things are improving then please feel free to spend thousands on an ME/IR and take a bet as to what the recruitment market will look like in 12 months.
As for house prices.... didn't we get this uptick in Jan... and then Feb was the biggest monthly fall on record....
Green shoots of recovery my arse. UK households have MORE debt now than they had 6 months ago and with rising unemployment less ability to repay it.
Wake up.
What does it take to convince some people as to the desparately poor state of economic affairs in the UK???
As for house prices.... didn't we get this uptick in Jan... and then Feb was the biggest monthly fall on record....
Green shoots of recovery my arse. UK households have MORE debt now than they had 6 months ago and with rising unemployment less ability to repay it.
Wake up.
What does it take to convince some people as to the desparately poor state of economic affairs in the UK???
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What does it take to convince some people as to the desparately poor state of economic affairs in the UK???
The state of the economy is poor due to the fact that confidence is low because of the fact that we are told day in day out how bad things are by the media and people like you. People are scared to spend. A little bit of positivity could go a long way.
The state of the economy is poor due to the fact that confidence is low because of the fact that we are told day in day out how bad things are by the media and people like you. People are scared to spend. A little bit of positivity could go a long way.