It seems extremely likely that there will be more collapses in the commercial airline sector, and more consolidation as weaker players get weeded out, says Loizos Heracleous. Yet another airline has collapsed – this time British operation Flybmi, costing almost 400 jobs as hundreds of flights were cancelled at short notice. It is the latest in a string of recent European airline failures, including Air Berlin, Alitalia, Monarch, Primera, Azur and Cobalt. This is despite years of good growth in worldwide air passenger demand, including in Europe. So why are so many airlines going out of business? Aviation is an unattractive industry from an investor point of view at the best of times, notwithstanding the passenger growth. Aeroplanes are expensive assets with few alternative uses, which limits the ability of airlines to reduce their capacity during lean periods – compared to, say, a manufacturing business that can close a plant and lay off workers. Airlines also have to … [Read more...] about Airlines are going bust in droves, so why do so many people try to launch them?
Why do most businesses fail
Alban Maginness: Why Northern Ireland business leaders are right not to be cowed by DUP's Project Fear over May's withdrawal plan BelfastTelegraph.co.uk So farcical has Brexit become that it brings to mind the comic novel of the late master of comedy, Spike Milligan, Puckoon. In that brilliant book, Milligan parodies the absurdity and madness of the task of the Irish Boundary Commission attempting to meaningfully establish the meandering boundary between the Irish Free State and Northern Ireland. https://www.belfasttelegraph.co.uk/opinion/columnists/alban-maginness/alban-maginness-why-northern-ireland-business-leaders-are-right-not-to-be-cowed-by-dups-project-fear-over-mays-withdrawal-plan-37548195.html https://www.belfasttelegraph.co.uk/opinion/news-analysis/article37548193.ece/040be/AUTOCROP/h342/2018-11-21_opi_45889348_I1.JPG Email So farcical has Brexit become that it brings to mind the comic novel of the late master of comedy, Spike Milligan, Puckoon. In that brilliant … [Read more...] about Alban Maginness: Why Northern Ireland business leaders are right not to be cowed by DUP’s Project Fear over May’s withdrawal plan
Liam Halligan 11 September 2018 10:20 AM 11 September 2018 10:20 AM Share Twitter Facebook LinkedIn Email Whatsapp With September marking a decade since the Lehman Brothers implosion, stand by for a slew of economic retrospectives. Any meaningful analysis, though, needs to get beyond historic balance sheets and plunging share price graphs — however dramatic the data. For the most significant impact of the biggest financial and economic upheaval since the Great Depression has been the growing loss of faith in western liberal capitalism. Politics has been upended by the 2008 crisis — doing much to explain Trump, Corbyn and the broader shift away from centrist parties towards extremes. The demise of Lehmans, a once-impregnable investment bank, exposed a US financial sector riddled with chronic debts and fraud. That sparked a peak-to-trough plunge of more than 40 per cent across western stock markets — the deepest since the 1929 Wall Street … [Read more...] about Why do banks and governments seem to have learned nothing from the financial crash?
Startup PATH is an event dedicated to growth, to learning and to connecting the dots while having unique experiences. It brings together all actors of the startup scene, from universities, accelerators, to investors and thought leaders that would help entrepreneurs on their path to growth. Here are the main statements from Day 1. US Ambassador Hans Klemm: “What’s you’re doing is to support entrepreneurship and develop the ecosystem that supports start-ups (…) and show the value of entrepreneurship which is the success of the US and the economy,” he explained. Incubators, universities, advisors, networks, and funding organizations are part of the ecosystem, he explained. “In the US, in places like Silicon Valley, Boston, New York and there are other places that became successful because they helped entrepreneurs,” he explained. Improving Romania’s start-ups. He said that transfer of technology, the culture of taking risks and … [Read more...] about Anubhav Jain (GoDoctor): “In the early stage start-up you need to have a prototype and the business model validated”
Saido Berahino’s recent rehabilitation has been described as a minor miracle… not quite. His transition towards something like his old self, hopefully his real self, has been made possible by a number of factors. Gary Rowett has clearly made a better one-to-one connection than any of Berahino’s previous three managers at West Brom and Stoke. And working one-to-one with Kevin Phillips has also done no harm in re-building his general confidence. That in turn has encouraged Berahino to press on with his fitness work and there’s little doubt he is now in the best condition we at Stoke City have ever seen him. Converting him to a slightly deeper role rather than being fielded as the team’s prime goalscorer has evidently lightened the burden of that infamous goalscoring drought and almost re-invented his contribution to the cause. We must also remember that Berahino has been operating against Championship opposition this season, including Huddersfield the other … [Read more...] about Why outcast is now doing the business for Stoke City ahead of West Brom return