EasyJet fights back in low-cost airline battle – but is Ryanair’s charm-offensive giving it the edge? April 8, 2015 Is Ryanair’s PR drive giving it the edge over EasyJet? After Ryanair revealed it carried 28 per cent more passengers in March than the same month last year, Easyjet’s solid growth figures paled by comparison. The figures EasyJet carried 5.5m passengers in March, compared to 5.1m during the same month last year, a rise of [...]
BG Group agrees to £47bn takeover by Royal Dutch Shell in oil mega-merger April 8, 2015 Oil giant Royal Dutch Shell has announced a takeover of BG Group, in a deal valuing gas producer BG at £47bn. Shell will pay a premium of around 50 per cent on BG’s shares, which closed up by 6.74 per cent at 910.40p yesterday, giving it a market capitalisation of £31bn. BG’s board have recommended [...]
TNT Express share price rises on FedEx’s €4.4bn bid April 7, 2015 Shares in Dutch firm TNT Express leapt by a third yesterday after FedEx announced a €4.4bn (£3.2bn) all-cash offer to acquire the beleaguered delivery giant. TNT has struggled since European regulators prevented it from merging with UPS in 2013, with its market share declining by five per cent leading to a €137m loss in the [...]
Ryanair figures soar as charm offensive works April 7, 2015 Irish low-cost airline Ryanair yesterday reported a 28pc rise in passenger numbers last month, as a charm offensive began to take hold. The carrier, which has been on a mission to revamp its poor customer service image, said passenger numbers reached 6.7m in March – 1.5m more than the same period last year. [...]
Boeing fast off the runway as it leaves Airbus trailing on orders April 7, 2015 Boeing started the new year at cruising altitude by beating arch-rival Airbus for new plane orders in the first quarter, it was revealed yesterday. While Airbus recorded 121 new orders, it came unstuck when the Toulouse-based aviation firm was forced to concede that 20 orders had been cancelled, leaving its net booking behind Boeing’s 110 [...]
Afren gets Roc Oil boss Alan Linn to lead turnaround plan April 7, 2015 Troubled oil firm Afren confirmed yesterday that Alan Linn had been appointed as chief executive after the company completes a $300m (£202m) funding deal with its lenders. Afren was forced to dismiss its chief executive Osman Shahenshah and finance chief Shahid Ullah in October last year after reports that they had been receiving unauthorised payments. [...]
Rangers shares cancelled on Aim and Dave King gets closer to chair role April 7, 2015 Scottish football club Rangers has ceased trading on Aim. The club’s admission to trading on the junior market was cancelled yesterday, after it announced last week that it was suspending its shares ahead of a move to the ICAP Securities & Derivatives Exchange, also home to Arsenal Football Club. Meanwhile, South Africa-based businessman Dave King [...]
Savills chief executive Jeremy Helsby takes home £2.2m after record year April 7, 2015 The property market may be something of a minefield to navigate currently, with supply pressures and low interest rates on the one hand and the mortgage market review and the threat of new taxes on the other. But there are no jitters at upmarket estate agent Savills, which awarded its executive directors a healthy jump [...]
Afren share price jumps on confirmation Alan Linn will become new chief executive April 7, 2015 Embattled oil firm Afren has confirmed speculation that Alan Linn is the anointed one, saying he will become chief executive and concluding a six-month search. Shares in the Aim-listed company shot up seven per cent as investors were buoyed by the news, which signals a return to less choppy waters. Afren said Linn, formerly the [...]
Ryanair share price rises as passengers soar more than a quarter in March April 7, 2015 Confirmation Ryanair's attempts to show its softer side are working? Passenger numbers at the airline rose 28 per cent in March, figures published this morning showed. Ryanair said it carried 6.7m passengers during the month, up from 5.2m in March last year. Its load factor – how full its planes were, on average – rose [...]