Airlines making just £3.60 profit per passenger June 2, 2014 THE GLOBAL airline industry earns on average less than $6 (£3.60) from each passenger, according to research from the International Air Transport Association (Iata). While the trade body still expects there to be significant overall growth in 2014 for the global airline industry compared to 2013, Iata slashed its profit forecast for the sector for [...]
Bottom Line: World Cup kicks off problems for air traffic June 2, 2014 WHEN the England football team jetted off to Miami at the weekend for a couple of pre-World Cup friendlies, they did so from Luton. They took a private plane of course – tourists can only get as far as Egypt or the Canaries from the north of London airport – but their departure will kick [...]
Google investing up to $3bn in satellites to connect the world June 2, 2014 GOOGLE is reportedly planning to spend up to $3bn (£1.8bn) in its push to bring internet access to unconnected parts of the world using a fleet of 180 low-orbit satellites. The search giant is poised to spend between $1bn and $3bn on the project according to a report in The Wall Street Journal which said [...]
Card Factory secures £200m in refinancing June 2, 2014 CARD factory, the budget greetings cards chain which floated on the London Stock Exchange last month, said yesterday it has completed a £200m refinancing. The group said the refinancing deal, which it set out last month at the time of the float, includes a £180m term loan facility and a £20m revolving facility, both with [...]
Glaxosmithkline agrees $350m link-up with cancer specialists June 2, 2014 GLAXOSMITHKLINE, the UK’s largest pharmaceuticals firm, has agreed a strategic deal with British biotech company Adaptimmune to develop cancer drugs. The arrangement could see privately-owned Adaptimmune earn more than $350m (£209m) over the next seven years, the firm said in a statement. “GSK’s substantial development and manufacturing expertise in key areas will be invaluable as [...]
Imperial Innovations in £150m share placing to fuel investment June 2, 2014 IMPERIAL Innovations, the Aim-listed commercialisation firm founded by Imperial College London, announced yesterday that it is raising up to £150m to invest in research coming out of universities over the next 12 months. Imperial said it will raise the funds as part of a placing of new shares with existing and new institutional investors later [...]
Buffett’s annual bidding war off to a good start June 2, 2014 NEVER mind the scores of brands owned by Berkshire Hathaway, it turns out Warren Buffett is a more sought after commodity than any of his products. Each year he creates a bidding war so that one lucky (and presumably very wealthy) person can enjoy a power lunch with the Oracle of Omaha. Where else could [...]
Glorious (maybe) leader Vince Cable immortalised on canvas June 2, 2014 FURTHER speculation about whether Vince Cable is being prepped to take the Lib Dem helm from Nick Clegg was stoked today when former Lib Dem special adviser Giles Wilkes tweeted this curious, nay, frightening pop-arty painting. When asked on Twitter whether Cable was up for the job, Wilkes tweeted: “All I can say is these [...]
Three quarters support building garden cities June 2, 2014 LONDONERS are at the front of a wave of support for new garden cities, according to encouraging polling released this morning which shows that three in four Britons endorse their construction. A major survey conducted ahead of Lord Simon Wolfson’s economics prize has found that 74 per cent of people think it is a good [...]
Liberty Living joins student digs providers seeking London float June 2, 2014 PROPERTY fund manager Brandeaux announced plans yesterday to float its student accommodation arm Liberty Living as it seeks to repay discontented investors who saw their shares suspended from trading last year. Liberty is the brand of the Dublin-listed student property fund, which was forced to suspend its shares last summer after it was overwhelmed with [...]
