TUI Travel on track to meet full year in late bookings lift September 22, 2011 TUI Travel is on track to meet full-year profit expectations due to strong late summer bookings although Europe’s biggest tour operator has yet to see a revival in demand for holidays in Egypt and Tunisia. TUI said political unrest in the Middle East and North Africa was still putting customers off vacationing in the region. [...]
Aer Lingus hits back at Ryanair over criticism September 22, 2011 IRELAND’S Aer Lingus has written to its shareholder and rival Ryanair to reject the latter’s complaints that it is “continually ignored” by the Aer Lingus board. In a letter sent to Ryanair and released yesterday, Aer Lingus said Ryanair was a source of concern to other investors and welcomed its recent statement that it would [...]
ANALYST VIEWS: IS EASYJET HOLDING UP WELL AGAINST ITS RIVALS? September 22, 2011 KEITH BOWMAN | HARGREAVES LANSDOWN In all, whilst the airline industry remains amongst the toughest to navigate, a low-cost offering which appears to be finding increasing appeal with business customers is a big plus, a fact underpinning currently favourable (buy) market consensus opinion. GERT ZONNEVELD | PANMURE GORDON Strong trading update and pre-tax profit guidance [...]
Canary Wharf plans to build new offices September 22, 2011 THE developer of Canary Wharf aims to double the size of the estate over the next decade on the back of an expected long-term shortage of prime office space. The expansion of the financial centre will help it meet the extra 100,000 passengers created when Crossrail is up and running, said Canary Wharf Group (CWG), [...]
E.ON looks to cut 500 jobs in the UK September 22, 2011 THE UK arm of German utility E.ON will cut up to 500 support staff in its Coventry and Nottingham offices following the sale of its distribution arm, Central Networks, to PPL in March this year, it said yesterday. “We had to undertake a deep and rigorous review of how much money we spend in order [...]
Altitude upbeat for the full year September 22, 2011 IT GROUP Altitude said yesterday it was confident of meeting its full year forecasts, after revenues rose 12 per cent in the first half of the year. Revenues at Altitude, which supplies IT services to the promotional products industry, hit £2.46m, while gross profits rose 21.5 per cent to £1.69m. “2011 has so far been [...]
Energetix rises as revenues leap September 22, 2011 ALTERNATIVE energy firm Energetix was one of the top performers on London’s Alternative Investment Market yesterday, after it said its turnover increased tenfold to £100,000 in the first half of the year compared to 2010. The firm reported on an “encouraging and transformational” first six months of 2011, and said operating losses had been reduced from [...]
United Utilites says revenues are on the up September 22, 2011 UNITED Utilities Group, Britain’s largest listed water utility, said it had traded in line with its expectations with higher first-half revenue offset by rising operating expenses. The British utility said it was on track to meet targets and would accelerate £100m of previously agreed pension deficit payments to provide a higher investment return. United Utilities’ [...]
London 2012 IMAGE OF THE WEEK September 22, 2011 2012 PARALYMPICS | MEDALS UNVEILED Designed by jewellery artist Lin Cheung, the medals for the 2012 Paralympic Games were unveiled at a ceremony at the British Museum on Monday. More than 2,100 medals will be presented at the 2012 Paralympic Games. Between now and the start of the 2012 Olympic and Paralympic Games, City A.M. [...]
Vitesse Media trading in line September 22, 2011 Vitesse Media, the online financial news publisher, has announced that its interim results are in line with management expectations, despite experiencing a slowdown that began in April. The company, whose publications include Information Age and Business XL, saw revenues fall from £1.56m last year to £1.51m, while a £33,000 profit turned into a £15,000 loss. [...]
