Closing post
Time to wrap up, after a day in which some confidence returned to the markets despite the recent turmoil in the banking sector.
Here are our main stories, first on the banks:
In the transport sector:
The cost of living crisis:
And in other news:
British Airways cancels 300 flights during Heathrow staff’s Easter strikes
British Airways is to cancel more than 300 flights to and from Heathrow over the Easter holiday period due to strikes by airport security staff.
The airline is axing about 5% of its schedule, with 16 return short-haul flights cancelled daily. It said the majority of affected customers would be booked on to alternative flights within 24 hours, or could be fully refunded.
Members of the Unite union voted to strike in a pay dispute with Heathrow, which has offered a 10% rise after years of pay freezes during Covid.
The staff on strike work in the security lanes in Terminal 5, used exclusively by British Airways, and in campus security, checking all cargo entering the airport. The strikes will take place between this Friday, 31 March, and Easter Sunday, 9 April.
