Jubilympic profits at Eurotunnel

Channel Tunnel operator Eurotunnel trebled its profits last year as an influx of tourists and athletes during the summer’s Jubilee and Olympics events boosted traffic. The firm said yesterday its net profits increased to €34m, while revenues rose 14 per cent to €993m. However, it noted that this year, with no large sporting events on the horizon, is unlikely to keep the same pace of growth.