British Airways helped the FTSE 100 into an early lead on Friday after announcing 800 employees had a...
British Airways helped the FTSE 100 into an early lead on Friday after announcing 800 employees had agreed to work for free for up to one month. Shortly after 8.15am, the blue-chip index was up more than 52 points, or 1.24%, at 4,305.46. The struggling airline saw stocks jump 6.9p or 5.45% to 133.5p this morning, after the deal, which also sees 4,000 employees taking unpaid leave and 1,400 working part-time, was announced yesterday. British Airways says the move could save the company up to £10m. Meanwhile, heating and plumbing producer Wolseley advanced 45p, or 4.17%, to £11.23 while m...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes