EasyJet’s November traffic rises as strike threat dents Aer Lingus December 6, 2012 EASYJET yesterday posted a jump in traffic for November alongside news that it will start flying to Newquay, while low-cost rival Aer Lingus said its traffic was hit by the threat of industrial action. Passenger numbers for EasyJet last month were up 7.7 per cent on a year ago to 4.12m. In the 12 months [...]
Beiersdorf ups 2012 sales outlook December 6, 2012 Beiersdorf, the German owner of Nivea, yesterday raised its 2012 sales target for the second time within five weeks. The German company said sales growth this year would now be “well over four per cent” at a group level as well as at its consumer business segment.
FastJet takes off in launch week December 6, 2012 Aim-listed African airline FastJet got off to a flying start in its first week. Fastjet revealed that it carried almost 7,000 passengers on its maiden flights in Tanzania. It also announced that it has raised an additional £2.5m by placing 66.67m shares with an existing institutional investor and drawing down some of its £5m equity [...]
Premier Oil abandons Cyclone well December 6, 2012 Premier Oil said yesterday that its Cyclone exploration well in the North Sea had failed to strike oil. It said the well would now be abandoned. The Cyclone well was the last in its 2012 drill programme, but Premier said it expected to drill further exploration wells in the North Sea next year. Its shares [...]
Correction December 6, 2012 In our edition dated 6 December, we wrongly said that United Biscuits subsidiary KP Snacks, which is to be sold to Intersnack, makes Twiglets. KP Snacks does not produce Twiglets, which are part of United Biscuits’ baked snacks division, and will remain so once the sale is complete.
Houses prices set to remain flat during 2013 December 6, 2012 HOUSE prices are set to remain flat in 2013, Halifax bank said yesterday, as weak economic growth and pressure on household finances continues to constrain demand. It also announced that the price of an average UK home rose by one per cent month-on-month to £160,879 in November. “We expect continuing broad stability in house prices nationally [...]
Bank of England pins growth hopes on funding for lending December 6, 2012 THE MONETARY Policy Committee (MPC) sat tight yesterday, keeping interest rates and the quantitative easing (QE) programme unchanged, despite growing fears that the economy is contracting again. Economists believe the Bank has lost faith in QE as a way of boosting demand, and instead is relying on the Funding for Lending Scheme (FLS) to boost [...]
Yawning UK trade gap adds to threat of fourth quarter decline December 6, 2012 THE UK trade balance fell further into the red in October, having narrowed in September. The total deficit with the rest of the world reached £3.6bn, up from £2.5bn, according to data from the Office for National Statistics out yesterday. October’s increased gap came from a £534m jump in goods imports, which together with a £258m [...]
Hope for America’s jobs market as dole queues shorten to levels seen before superstorm Sandy December 6, 2012 THE NUMBER of Americans filing new claims for unemployment benefits has fallen back to levels seen prior to October’s superstorm Sandy. Data for last week’s new jobless claims, released yesterday, suggests a return to modest job growth after a storm-related set-back to the employment sector. Initial claims for state unemployment benefits dropped 25,000 to a seasonally [...]
Brazil hints at frozen rates December 6, 2012 Brazil’s central bank said keeping interest rates unchanged at a record low is the best strategy for monetary policy, minutes of the bank’s last policy meeting revealed yesterday, suggesting policymakers had no plans for more reductions in borrowing costs anytime soon. The Bank left its Selic benchmark interest rate at 7.25 per cent in November.
