Heathrow says hub is the only way to growth November 14, 2012 HEATHROW has used new research to lobby the government to consider a single hub airport as the answer to the UK’s air capacity shortfall. The airport commissioned a report by Frontier Economics that claims a lack of capacity is already costing the UK “up to £14bn a year in lost trade”, potentially rising to £28bn [...]
City figures say homophobia is still a problem at London firms November 14, 2012 GAY employees at City firms still have to deal with homophobia in the workplace, according to leading executives. A new advocacy group named Out On The Street has been launched to combat the problem, with a range of successful gay businesspeople saying prejudice is still a problem. Lord Browne, who was forced to resign as [...]
Olympics and US elections push video search engine Blinkx up November 14, 2012 EXCITEMENT over the US elections and the Olympics propelled video-search engine Blinkx to an 84 per cent rise in half-year revenues, the company said yesterday. Blinkx, which searches content from websites such as YouTube, beat City forecasts and its own predictions to report turnover of $82m (£51.6m) in the six months to October, up from [...]
Google competition does not worry Moneysupermarket.com November 14, 2012 PRICE comparison website Moneysupermarket.com said yesterday that it had not seen any “meaningful impact” from Google encroaching on its business with the search giant’s launch of rival offerings. The company, which compares prices on savings, loans and other financial instruments, said group revenues had risen around 11 per cent year-on-year in the third quarter of [...]
Stelios-backed Fastjet starts low-cost flights in Tanzania November 14, 2012 FASTJET, the low cost African airline that counts aviation entrepreneur Sir Stelios Haji-Ioannou and Lonrho among its backers, yesterday sold its first tickets as it tries to introduce budget air travel to the continent. The firm will offer $20 domestic flights in Tanzania, with the routes officially opening at the end of the month. The [...]
Ryanair is confident on Lingus bid despite objections from EU November 14, 2012 RYANAIR remains confident of securing European Union approval of its bid to take over Irish rival Aer Lingus, despite receiving a statement of objections from its competition watchdog, the budget airline said yesterday. Ryanair said the European Commission submitted its objections on Tuesday, but it has not made them public. The airline still has the [...]
Banco Popular rights issue debuts November 14, 2012 Spain’s Banco Popular received orders for 11 per cent of a €2.5bn (£2bn) rights issue on its first day, the bank said yesterday. The rights issue was an attempt by the bank to avoid seeking state aid after an independent audit of Spanish banks found it needed an extra €3.2bn to weather a serious economic [...]
Hangar8 shares take off November 14, 2012 Private aircraft operator Hangar8 was the biggest riser on the Alternative Investment Market yesterday, as its shares soared 25 per cent following a strong trading update. The firm said it had enjoyed “a very strong start to the year” as profits quadrupled in the quarter to £461,000. Hangar8, which listed in 2010, said full year [...]
BHP Billiton to up iron ore output November 14, 2012 BHP Billiton expects to expand its iron ore capacity by nearly a fifth just by working its mines, rail lines and port harder as it looks to control costs in a softer iron ore market, the global miner’s iron ore chief said yesterday. Caught out by escalating costs, a slide in iron ore prices and [...]
Tullow on track as it ramps up Ghana output November 14, 2012 EXPLORER Tullow yesterday hailed its financial and operational performance in the second half of the year as “strong”, as it ramped up operations at the Jubilee field in Ghana. Production capacity at the field – of which Tullow owns 35.48 per cent – is expected to exceed 90,000 barrels of oil per day by the [...]
