Boeing predicts 6,000 planes to be sold to China from 2014-2033 September 4, 2014 Demand for new planes in China could be above 6,000 over the next 20 years, expected to be worth a massive $870bn (£532bn) in sales, according to US plane making giant Boeing. Boeing predicts that China will make up nearly 45 per cent of total aircraft demand in Asia over the period between 2014-2033, and [...]
Yes, but no, but yes… Ed’s way to help the Nos September 4, 2014 Remember Donald Rumsfeld’s “known knowns” speech? During a 2002 briefing, the then US Defence Secretary confused us all, saying: “[There are] known knowns; there are things that we know that we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also [...]
No Blue Peter badge for Sajid Javid as he lives the dream at BBC studio September 4, 2014 The Rt Hon Member of Parliament for Bromsgrove and UK Secretary of State for Culture, Media & Sport Sajid Javid is no luvvie. Not a bit of it. However, when it comes to reliving his childhood, he’ll jump at the opportunity. Yesterday, Sajid was doing a tour of TV studios, as you do, taking in [...]
Standard Life share price rockets on £2.2bn deal with Manulife September 4, 2014 Standard Life received a bullish response yesterday from markets and analysts to the sale of its Canadian business for C$4bn (£2.2bn), as shares sky-rocketed and analysts upgraded forecasts after the mega deal. Shares in the huge FTSE 100 listed insurance and investment firm surged by nearly 11 per cent in early trading, before finishing [...]
Battersea Power Station kicks off world tour to find retailers September 4, 2014 The owners of Battersea Power Station are to kick-off a worldwide tour to find hundreds of retailers, restaurants and office tenants for the next phase of its development. From November, the Malaysian-owned Battersea Power Station Development Company intends to hold exhibitions in 13 cities across 11 countries, from New York to Milan, Paris, Tokyo, Beijing [...]
A subtle shift to a not-so Standard Life – Bottom Line September 4, 2014 FOR ALL the landmarks Standard Life’s sale of its Canadian arm breached yesterday – ending 180 years of doing business in Canada, pushing its market cap past £10bn – the most significant was also its most enigmatic. David Nish’s bumper £1.75bn windfall for investors may have grabbed the attention but a subtle strategic shift was [...]
Paddy Power bets on retail head to be new chief executive in 2015 September 4, 2014 BOOKMAKER Paddy Power yesterday named its head of UK and Ireland retail operations Andy McCue as successor to chief executive Patrick Kennedy, who departs at the start of next year. The appointment followed what Paddy Power chairman Nigel Northridge described as an extensive international search of candidates: “We were very pleased, if unsurprised, with the [...]
EasyJet reports record numbers during August September 4, 2014 BUDGET airline EasyJet yesterday reported it had flown a record number of passengers in August, with 6.6m travellers on its aircraft – 8.4 per cent more than the same month last year. EasyJet’s load factor — how full the company’s planes are — was at more than 94 per cent, another record for the airline [...]
Profits soar at Go-Ahead with more rail routes September 4, 2014 RAIL and bus group Go-Ahead yesterday saw its share price jump 3.17 per cent as it reported record passenger numbers across its services. Pre-tax profits for the year to 28 June soared to £91.2m, up 44 per cent from £63.1m in the first half of 2013, as revenue rose to £2.7bn, up five per cent [...]
Genel Energy share price slips as dry oil well off Angola is plugged September 4, 2014 Genel Energy, the oil explorer and producer, yesterday saw its shares slip 1.1 per cent as it revealed it would abandon an offshore Angola well after finding no oil and gas from test drilling. The London-listed firm said the Dilolo-1 exploration well on Block 39 offshore Angola, in which Genel has a 7.5 per cent [...]