Ryanair to cut Dublin flights as passenger traffic declines July 8, 2010 IRISH airline Ryanair said it would cut its Dublin winter capacity by 15 per cent as passenger traffic falls, and again called for a tourist tax to be scrapped and airport charge increases to be reversed. Europe’s biggest low-cost carrier will cut its Dublin base to 12 aircraft from 14 aircraft this winter and will [...]
Ryanair to cut back winter capacity by 16pc in the UK June 29, 2010 RYANAIR is expecting to cut its UK winter capacity by 16 per cent, marking the largest cut it has made to its winter traffic. The Irish low budget airline blamed the government’s air passenger duty (APD) for damaging UK tourism and forcing it to make the cut. Chief executive Michael O’Leary said yesterday the airline [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]
Glass towers reflect new opportunities for the City October 31, 2010 LAST week was widely reported as a good news week for the City; two more skyscraper projects – British Land’s Cheesegrater and Land Securities’ Walkie Talkie – were revived and One New Change, the new jewel in the City’s retail offering, opened to huge fanfare and to huge crowds. All of this is of course [...]
Restaurant Group profit surges September 2, 2010 The Restaurant Group – which owns Garfunkel’s, Chiquito, Frankie & Benny’s – yesterday reported an upturn in profit despite the ash cloud crisis which hit its airport concessions. It saw its pre-tax profit rise 13 per cent to £24.6m in the six months to July. The company raised its interim dividend ten per cent to [...]
Maldives unveils $3 tourist tax September 7, 2009 The president of the Maldives has unveiled plans for a daily $3 (£1.80) tax on tourists to fund the country’s radical efforts to combat climate change. President Mohammed Nasheed has announced a series of measures to ward off the threat of rising sea levels on the island nation, which is on average little more than [...]
Ruling the theatre roost November 11, 2010 OF all the areas you might expect a canny private equity firm to invest serious bucks, the theatre business – with its reputation for volatile actors and directors, no less volatile audiences, and millions poured into shows that can fold almost immediately – might not be top of the list. However, London firm Exponent has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 14, 2010 FINANCIAL TIMES AIA CHIEF FAVOURS ORGANIC GROWTH AIA will address questions about its growth by increasing profitability and expanding organically rather than by pursuing acquisitions, according to the chief executive of the $30bn Asian life assurer about to list in Hong Kong. Mark Tucker told the Financial Times that AIA, which is being sold by [...]
Culture, sand and sun: a day in Oman just isn’t enough November 28, 2010 MUSCAT in the Sultanate of Oman is set on the edge of rough desert landscapes overlooking sparkling emerald seas. Today it’s a sought-after holiday spot for those in search of pristine diving waters, year-round sunshine and an authentic Arabian experience. Nothing like its glitzy neighbour, Dubai. It’s my third visit in a decade and is [...]
Far from the Medina crowd November 14, 2010 MARRAKECH might not immediately spring to mind when choosing somewhere to unwind. And to be sure, its main square Jemaa el Fna delivers noise, commotion, smoke and crowds, with tourists tripping over dancing monkeys and baskets of cobras to get to their next tagine. But there’s another side to the pink city, away from the [...]