Heathrow’s Terminal 2 to get a taste of Blumenthal’s cooking November 12, 2013 BRITAIN’S best rated chef Heston Blumenthal will open a new restaurant at Heathrow’s Terminal 2 next June, serving up dishes like fish and chips, Heathrow said yesterday. The outlet will open in the new £2.5bn terminal, dubbed The Queen’s Terminal, and follows on from Heathrow’s last major renovation Terminal 5. “We spent hours researching the [...]
TV succeeding for TalkTalk despite losses November 12, 2013 TALKTALK fell into the red during the six months to 30 September as the telecoms operator invested in new customer growth and yesterday dismissed battles over TV sports rights as “not our fight”. The strategy appears to have been successful. TalkTalk boasted yesterday an additional 167,000 TV customer signups in the last quarter alone, putting [...]
BP signs a key oil trade deal with Rosneft November 12, 2013 RUSSIAN oil behemoth Rosneft said yesterday is plans to sell about $6bn (£3.7bn) worth of refined products to BP, establishing the British firm among its biggest buyers after years without any such deal. The latest transaction comes on top of a $5.3bn deal for BP to buy crude, agreed earlier this year. Both came only [...]
Emirates profits stagnate as fuel and currency movements strike November 12, 2013 HIGH fuel costs and weak currencies in some key markets kept a lid on first-half profit growth at Dubai’s flagship airline Emirates, signalling Gulf carriers are not immune to the pressures on the industry despite rising passenger numbers. Emirates profits have surged in the last couple of years on the back of new routes and [...]
American and US air merger gets clearance November 12, 2013 US AIRWAYS and American Airlines will give low-cost competitors more access to a half dozen key US airports, including New York and Washington DC, in exchange for permission to merge and create the world’s largest airline. The agreement announced yesterday settles a government lawsuit filed in August that argued that US Airways and AMR, parent [...]
Business crowd awarded with Geldof’s rant November 12, 2013 BOB GELDOF, former Boomtown Rats singer and anti-poverty campaigner, spoke about the role of business in society at the National Business Awards in London last night Geldof did not appear to feel pressured to play to the audience, saying that the leadership of the business community was vital, “when it’s not at its filthiest self, [...]
One City A.M. reader exhibits a discerning eye picking his prize November 12, 2013 CONGRATULATIONS to reader James Howell of Alpha Financial Markets Consulting, who won ING’s competition in these pages for £1,000 of art. The lucky winner picked out his prize (Diane’s garden by the sea, by Ann Winn) while visiting last night’s preview of the 2013 ING Discerning Eye exhibition with Gerald Walker, chief executive of ING [...]
Final decision made on tallest building in US November 12, 2013 THE TALLEST building in the US changed yesterday, after a committee of architectural experts decided that One World Trade Centre is 1,776 feet tall, about 50 feet larger than the Willis tower in Chicago. The aptly named Council on Tall Buildings and Urban Habitat revealed its official and final decision which building is the tallest [...]
EU seeks to increase influence on global accounting rulebook November 12, 2013 THE EU is seeking to increase its influence over global accounting standards by beefing up the agency that scrutinises new rules and in certain cases tweaking how they are applied in the bloc. The book-keeping standards, the bedrock of markets, are written by the International Accounting Standards Board (IASB). They apply in over 100 countries, including [...]
PPI claim firms face fines for pestering ineligible customers November 12, 2013 CLAIMS management firms will face fines if they send banks too many false PPI claims, under rules unveiled by the Treasury and Ministry of Justice yesterday. Banks have complained that they are inundated with false claims, delaying the processing of valid mis-selling claims and adding to their costs. A consultation will be launched this week [...]