Divi doubles at EasyJet thanks to record profit November 20, 2012 EASYJET is treating its shareholders to a dividend twice as big as last year, after posting a 28 per cent rise in pre-tax profits to £317m. The budget airline brushed off the fuel cost and traffic concerns that dog the rest of the industry to deliver an 11.6 per cent jump in revenues to £3.85bn [...]
Johnson Matthey boosts board October 4, 2012 Johnson Matthey has appointed Colin Matthews as a non-executive director with immediate effect. Matthews has been chief executive of BAA since 2008, and was previously group chief executive for Severn Trent. He has also worked for British Airways, Lattice Group and Hays Group. Johnson Matthey chairman Tim Stevenson said that Matthews had a “wealth of [...]
BA eyes Asian carriers as it ditches Qantas September 6, 2012 BRITISH Airways has ditched its long-running partnership with carrier Qantas to stop it from affecting International Airline Group’s (IAG) balance sheet, it is understood. A source familiar with the situation suggested that Qantas’ recent financial struggles were the reason for IAG’s wholly-owned subsidiary British Airways to leave the 17-year partnership. The joint business between British [...]
Ryanair hopes to woo EU with compromise on Aer Lingus bid October 22, 2012 IRISH low-cost airline Ryanair has offered concessions to European Union antitrust regulators in a bid to secure regulatory clearance to acquire local rival Aer Lingus. Ryanair, whose most recent bid for Aer Lingus in June valued the firm at €694m (£566m), hopes to convince the European Commission that a takeover would not restrict competition on [...]
Land Securities to pay £95m for Manchester Printworks complex November 4, 2012 LAND SECURITIES is to acquire Manchester’s largest leisure complex the Printworks in a £95m deal. The FTSE-listed firm is today expected to announce it has struck a deal with owner Resolution Property, to buy the site, which includes an Imax cinema, a Virgin Active fitness club and night clubs Tiger Tiger and Entourage. Land Securities [...]
Land Securities to pay £95m for Manchester Printworks complex November 4, 2012 LAND SECURITIES is to acquire Manchester’s largest leisure complex the Printworks in a £95m deal. The FTSE-listed firm is today expected to announce it has struck a deal with owner Resolution Property, to buy the site, which includes an Imax cinema, a Virgin Active fitness club and night clubs Tiger Tiger and Entourage. Land Securities [...]
What the other papers say this morning December 9, 2012 FINANCIAL TIMES Banks plan to move 3,000 from City Three global investment banks plan to move 3,000 City of London jobs to other UK cities and towns over the next few years, bringing respite to regional financial centres as they struggle against heavy job losses in banking and insurance. The moves by Bank of America, [...]
BRITISH AIRWAYS EXPANDS ITS CITY ROUTES February 6, 2012 BRITISH Airways is expanding its routes from London City Airport this summer, with plans to launch new flights to Menorca, Angers and Quimper in late May.
IAG boosted by August jump in premium traffic September 5, 2012 INTERNATIONAL Airlines Group (IAG), the owner of British Airways and Iberia, yesterday said its group traffic measured in revenue passenger kilometres rose five per cent year-on-year in August, helped by 12.6 per cent growth in premium traffic. The group said that non-premium traffic grew by 3.9 per cent, while its capacity measured in available seat [...]
Advisers Nokia’s bond issue October 23, 2012 YACINE AMOR BANK OF AMERICA MERRILL LYNCH YACINE Amor led the team on Nokia’s bond issue at Bank of America Merill Lynch (BofAML), guiding Europe’s second largest convertible bond deal of this year. Amor has 14 years of investment banking experience and is currently head of equity-linked origination for the EMEA region. Prior to joining BofAML [...]