Vilamoura June 13, 2011 BEST BEACH Built by private investors in the 1970s, Vilamoura is one of Europe’s largest beach resorts and arguably the most desirable in the Algarve. Praia da Marina offers a world-class beach and even holds a prestigious Blue Flag award, ensuring it is indeed one of the very best beaches in the world. Grab some [...]
Marbella June 13, 2011 BEST BEACH Marbella offers over 30km of beautiful beaches which vary hugely in their appeal. Puerto Banús beach is well known for being the playground of the rich and famous. The magnificent white sandy beach is studded with palm trees and boasts an abundance of bars and boutique shops. The beach offers an array of [...]
Lamprell uses rights issue to acquire peer May 19, 2011 BRITISH oil services firm Lamprell has agreed to buy Gulf-based peer Maritime Industrial Services (MIS) in a deal worth £208m. The Isle of Man-based firm will use a rights issue, debt and cash to acquire the Norwegian-owned rig maker. The fully underwritten issue will offer new shares of the company at 232p per unit to [...]
FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
BA ups longhaul fuel surcharge April 5, 2011 British Airways will raise its fuel surcharge on longhaul flights as the high price of oil further squeezes European consumers. BA will add £10 to the cost of an economy flight and £20 to a premium ticket. The airline, which formed the International Airlines Group when it merged with Spain’s Iberia last year, raised its [...]
What’s in a name? The value of stadium sponsorship November 14, 2011 RECENT murmurings from Chelsea and Newcastle have once again raised the thorny issue of stadium naming rights, and more specifically what they are actually worth in the Premier League. Part of the problem is that no-one is terribly sure. Logically, one would use recent precedent as a guide, but there are inherent problems with using [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 18, 2011 FINANCIAL TIMES FEARS OVER RETREAT ON VOLCKER BANK RULES The Volcker rule, which bans US banks from trading for their own account, is set to include exemptions that some officials fear will weaken its impact, people familiar with the situation have warned. In the wake of UBS’s $2.3bn (£1.4bn) loss last week, alleged to have [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 27, 2011 FINANCIAL TIMES PLEA TO BRUSSELS OVER AUDIT SHAKE-UP The heads of several midsized audit networks have issued a last-ditch appeal to the European Commssion not to dilute sweeping proposals aimed at reducing the dominance of the four biggest accountants and improving audit quality. In a joint interview with the Financial Times, the chief executives called [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2011 FINANCIAL TIMES BA CABIN CREW VOTE FOR PEACE DEAL British Airways cabin crew have voted overwhelmingly to accept a peace deal, ending 18 months of conflict in one of the most bitter recent industrial disputes. Unite said members voted 92 per cent in favour of what it described as an “honourable settlement’’, with eight per [...]
BA dispute is resolved after change at top May 12, 2011 THE TRADE union representing British Airways cabin crew yesterday voted almost unanimously to back a deal that is all but certain to end an acrimonious and lengthy dispute that has cost the airline hundreds of millions of pounds. Sources close to the Unite union said a change of management at the airline had helped end [...]