Heathrow Airport launches its latest terminal without a big hitch June 4, 2014 HEATHROW Airport yesterday started taking passengers through its new Terminal Two, avoiding the big delays and baggage chaos that plagued its Terminal Five launch in 2008. The airport said 5,687 passengers came through the new terminal building yesterday, with 32 of the 34 United Airlines flights operating on time. “Performance has exceeded our expectations. The [...]
Mobile bills set to fall as Ofcom bids to cut costs June 4, 2014 TELECOMS regulator Ofcom has set out plans to slash the wholesale cost of connecting mobile phones, a move that could lead to cheaper bills for consumers. So-called mobile termination rates, the charges from operators for connecting calls to a different network, will fall thanks to a new charge control proposed yesterday. The new regulation would [...]
Internet of things to be worth $7 trillion by the end of 2020 June 4, 2014 THE GLOBAL market for the so-called internet of things, a growing network of household devices that can be controlled through your smartphone, is expected to balloon to a value of over $7 trillion (£4.2 trillion) by 2020, according to the International Data Corporation. The IDC believes that market revenues could be expected to grow by [...]
Network Rail’s retail sales rocket June 4, 2014 Shops in Britain’s biggest railway stations enjoyed sales growth of 5.6 per cent in the first three months of the year, outstripping 0.5 per cent growth on the high street. Network Rail said footfall in retailers at King’s Cross is up 23.3 per cent on last year, while Cannon Street footfall is up more than [...]
Airlines say more go away in May June 4, 2014 Ryanair and IAG, British Airways’ parent firm, have both posted rising traffic for May as the airlines head into the peak summer months. IAG said group traffic rose 7.3 per cent compared to last year, helped by big growth at Vueling, its recently-acquired budget carrier. Meanwhile low-cost carrier Ryanair said it carried 8.2m passengers last [...]
Mitie wins £250m Vodafone deal June 4, 2014 FTSE 250-quoted outsourcing company Mitie yesterday said it is extending its relationship with the UK business of telecoms company Vodafone for the next five years, in a contract worth in excess of £250m. The deal will see Mitie deliver integrated facilities management services across Vodafone UK’s property portfolio of around 1,500 sites, including retail outlets, [...]
Workspace gets boost from UK’s property boom June 4, 2014 SMALL business landlord Workspace smashed forecasts yesterday after reporting a 43 per cent jump in net asset value thanks to rising rents and a jump in the value of its properties. The real estate investment trust (Reit), which provides trendy office space for small to medium-sized creative businesses such as Moonpig, said its net asset [...]
Analyst Views: What did you think of Workspace’s full-year performance? June 4, 2014 KATE RENN | PEEL HUNT Workspace’s vast 43 per cent net asset value growth for the year is around 11 per cent ahead of consensus and 15 per cent ahead of our forecast. There was no doubt this growth would come through, but it was not expected to all fall into this year. We are [...]
Findel shares back in favour as profits jump June 4, 2014 Investors snapped up shares in Findel yesterday after the home shopping group said that efforts to turnaround the business had helped to double profits last year. Pre-tax profit before exceptionals jumped to £22m in the year to 28 March from £11.8m last year on sales up 4.8 per cent to £514.7m Chief executive Roger Siddle [...]
Understanding the Treasury is now child’s play June 4, 2014 WHAT do you do when you need to clearly communicate dense fiscal research to the masses? Employ Lego, of course! Yesterday the Treasury published an article called “12 things that £1,400 UK Dividend could buy”, which illustrated each point with little yellow men. How very Buzzfeed – can we expect 12 cats that look like [...]
