US hopes to settle airline fight November 4, 2013 The US Justice Department is pressing for divestitures at airports throughout the US as a condition for dropping a lawsuit aimed at stopping a proposed merger of US Airways and American Airlines , US Attorney General Eric Holder said yesterday. Holder said that talks with the companies, whose merger would create the world’s largest airline, [...]
Louis Vuitton picks Ghesquiere November 4, 2013 Nicolas Ghesquiere, who made his name at fashion brand Balenciaga, has been appointed creative director for womenswear at luxury brand Louis Vuitton, parent LVMH said yesterday. Ghesquiere was seen as the front-runner to replace Marc Jacobs who announced his departure from Louis Vuitton last month to focus on his eponymous fashion business. Ghesquiere will design [...]
New platform gets UK green light November 4, 2013 The City watchdog has given the green light for operations to start at Aquis, a new pan-European share trading platform which aims to take on bigger rivals by offering subscription-based pricing modelled on the mobile phone market. The Financial Conduct Authority (FCA) has given Aquis approval to open for business a year after it was [...]
Bumi on track for year as coal output surges November 4, 2013 FTSE 250-listed miner Bumi yesterday said that production from its main coal unit rose 10 per cent in the third quarter and that the company is on track to meet its full-year targets, while progress is being made in reducing costs. Production at the PT Berau division rose by 15.9 per cent during the first [...]
Amec expands nuclear portfolio with new acquisition in the US November 4, 2013 FTSE 100-listed engineering firm Amec yesterday said it has bought a US nuclear services company for $29m (£18.2m). Automated Engineering Services Corporation (AES) is a professional design engineering nuclear services firm based in Illinois, with 175 staff and posts annual revenues in excess of $30m. “Consistent with Amec’s strategy, this acquisition builds on our nuclear [...]
Data firm Telecity sees demand pick up during the third quarter November 4, 2013 TELECITY, the British data centre group, said it is on track to meet expectations in an interim management statement yesterday. The company’s third quarter saw the highest number of net orders of the year, with demand described as robust by Telecity’s management. “While 2013 has been a more challenging year for the industry as a [...]
Nokia and Samsung in new five year licensing deal over patents November 4, 2013 SAMSUNG has agreed to extend its patent agreement with Nokia, due to expire at the end of 2013, for an additional five years. Nokia is planning to retain its patent portfolio despite the proposed sale of its phone business next year to Microsoft. According to the deal, Nokia will receive additional compensation from Samsung, starting [...]
Anglo completes Amapa sale November 4, 2013 FTSE 100-listed miner Anglo American yesterday said it has completed its sale of the Amapa iron ore operation in Brazil to Zamin Ferrous for $134m (£83.9m), after receiving regulatory approval. As previously announced, Zamin will also pay Anglo American deferred payments of up to $130m over the next five years, depending on the iron ore [...]
Good test results for York Potash November 4, 2013 British potash miner Sirius Minerals yesterday said it had received positive results on a range of tests on the York Potash Project’s polyhalite fertiliser product. “Independent confirmation of nutrient release, solubility, pH and conductivity are important components of the value of polyhalite for our wholesale customers and their end-user farmers,” said chief executive and managing [...]
Arian starts El Bote refurbishment November 4, 2013 Aim-listed explorer Arian Silver yesterday reported a positive start to the refurbishment programme for the recently purchased El Bote processing plant, which is expected to process up to 1,500 tonnes of silver per day when fully commissioned. “The successful commissioning of the Plant and development of the mine will give Arian the capacity to achieve [...]
