Cairn gets the nod from shareholders September 14, 2011 ENERGY explorer Cairn yesterday came a step closer to completing its $6.5bn (£4.1bn) Indian asset sale, after its shareholders gave their blessing to the disposal. The FTSE 100-listed firm has been trying to sell Cairn India, which operates oil fields off the coast of Rajasthan, for more than a year but has encountered numerous roadblocks [...]
Sir Stelios’ Fastjet may compete on Transatlantic route October 2, 2011 EASYJET’s founder Sir Stelios Haji-Iaonnou is considering launching a transatlantic airline which would see him go head to head with British Airways and Virgin Atlantic. The new airline branded Fastjet is unlikely to directly compete with easyJet, which operates flights mainly in Europe, according to reports this weekend. A source close to the company told [...]
Sir Stelios’ Fastjet may compete on Transatlantic route October 2, 2011 EASYJET’s founder Sir Stelios Haji-Iaonnou is considering launching a transatlantic airline which would see him go head to head with British Airways and Virgin Atlantic. The new airline branded Fastjet is unlikely to directly compete with easyJet, which operates flights mainly in Europe, according to reports this weekend. A source close to the company told [...]
BEST OF THE BROKERS September 8, 2011 EMPRESARIA Merchant Securities Research, which downgraded Empresaria to a “sell” last month, said the firm’s interim results yesterday confirm its fears. It points out that operating profit is down 52 per cent, the UK is flat, the boss is stepping down and market expectations will now not be met. Its price target of 25p has [...]
Not as wild as the original November 7, 2011 BUNGA BUNGA 37 Battersea Bridge Road, SW11 3BA 020 7095 0360, bungabunga-london.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £25 There’s often a point in the Apprentice TV show when a contestant’s confidence surpasses sense. Someone has an idea, and you spend the next 50 minutes watching the team run round and execute it [...]
Not as wild as the original November 7, 2011 BUNGA BUNGA 37 Battersea Bridge Road, SW11 3BA 020 7095 0360, bungabunga-london.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £25 There’s often a point in the Apprentice TV show when a contestant’s confidence surpasses sense. Someone has an idea, and you spend the next 50 minutes watching the team run round and execute it [...]
YO! Sushi tastes success despite big debt costs September 1, 2011 RESTAURANT chain YO! Sushi has increased sales by a fifth after opening more UK stores and increasing its income from foreign franchises. The firm’s parent company, Sushi Holdings 1, hit sales of £50.31m, up from £41.7m, for the year to 28 November, after increasing its number of branches in the UK by 10 to 54 [...]
Stelios starts easyJet rival September 26, 2011 EASYJET founder Sir Stelios Haji-Ioannou has told the airline he is planning to launch a rival airline called Fastjet, in the latest twist in a series of bitter disputes between the tycoon and the firm he set up 16 years ago. The shock move comes just a week after easyJet’s management promised to pay out [...]
EasyJet ups dividend as earnings rise September 22, 2011 EASYJET yesterday announced a £150m special dividend as the company raised profit guidance, thanks to a boost from business travellers and short-break tourists. The airline announced a total payout of £190m – including a year-end dividend of £40m – for the year to 30 September. Chief executive Carolyn McCall said: “When we announced our strategy [...]
Vedanta and Cairn finally win green light for $6bn deal June 30, 2011 VEDANTA and Cairn investors cheered as the Indian government gave the green light for the firms’ $6bn (£3.7bn) oil deal yesterday afternoon. After close to a year of talks with regulators, mining group Vedanta has been permitted to buy a controlling stake in Cairn India, with certain pre-conditions. Cairn Energy agreed last August to sell [...]