Airlines lobby to axe levy on passengers November 17, 2011 FOUR of Britain’s biggest airlines put aside their differences yesterday to lobby the government to scrap its air passenger duty (APD), which they slammed as uncompetitive. Ryanair, EasyJet, British Airways and Virgin Atlantic have written to the chancellor arguing the tax on passengers, set to rise by twice the rate of inflation in 2012, puts [...]
CITY VIEWS: WILL AIR PASSENGER TAXES DAMAGE UK TOURISM? November 17, 2011 CHING MAN | MIZUHO “I think they will, yes. For the average tourist, budgets are tight as it is! Personally I will stay in the UK this year unless it is essential to travel.” JACK STOCKTON | JM GROUP “Probably not, because flying from Europe is cheap. Long-haul flights are expensive anyway, so if you’re [...]
Europe and US weigh on SAB Miller profits November 17, 2011 LONDON-BASED brewer SABMiller narrowly missed forecasts yesterday with an 11 per cent rise in half-year earnings, helped by strong emerging markets, which made up 80 per cent of company profits. But earnings fell in North America and Europe with flat volumes in the former and a sales decline in the latter. Group revenue rose 10 [...]
Woodford set to return to Japan to meet police November 17, 2011 THE FORMER head of Olympus will return to Japan next week to meet police, despite previously saying he would not feel safe in the country. Michael Woodford, ousted from the camera and endoscope firm after questioning suspect payments, is due to arrive on Wednesday to meet Japanese police, prosecutors and officials of regulator the Securities [...]
Legg Mason’s veteran Miller to leave his post November 17, 2011 BILL Miller, the American stock-picker who posted some of the mutual fund industry’s worst results during the financial crisis after a 15-year-long winning streak, will step down from his flagship fund at Legg Mason in April, the firm said yesterday. Sam Peters, 42, who was named co-manager with Miller last year will become the sole [...]
Rexam could sell personal care business November 17, 2011 EUROPE’S largest drinks can maker Rexam said yesterday it was considering selling its personal care packaging business after its continued weak performance, and said tough economic conditions in its key markets would make 2012 a challenging year. “Performance in personal care continued to be weak and we are now exploring all options for this segment [...]
London 2012 IMAGE OF THE WEEK November 17, 2011 This week, Populous, the design practice providing architectural and overlay design services for the 2012 Games, released the design layout for five temporary arenas at ExCeL London and a computer-generated vision of how the boxing venue will look during competition time at the convention centre (above). Between now and the 2012 Games, City A.M. is [...]
Lamprell expects results in line November 17, 2011 Lamprell, a specialist engineering firm serving the oil and gas industry, has reported that it expects results for 2011 to be in line with market expectations. The company said its results will be helped by the group being awarded contracts with a total value of $1.07bn (£677m) in the year to date and that the [...]
WS Atkins boosted by overseas November 17, 2011 WS Atkins has seen first half underlying pre-tax profit rise 11.3 per cent in its overseas and energy businesses. The design and engineering consultancy also saw total revenues rise 27 per cent to £842.9m. The company, which was responsible for designing much of the London 2012 Olympic site, raised its interim dividend by 2.6 per [...]
Amec confident of demand November 17, 2011 Amec,the oil and gas infrastructure group, said demand in the oil, gas and mining sectors remained strong and the firm is confident in future growth. The positive outlook from the resource sector was echoed by Britain’s Hunting, a FTSE 250-listed oil and gas well equipment firm, which said it was also on track to meet [...]
