Heathrow gains support of MPs as traffic slides November 12, 2012 HEATHROW Airport yesterday reported a rare fall in traffic for October as Hurricane Sandy wrought havoc with its schedule. But there was a ray of sunshine for Britain’s biggest airport, as a survey suggested that MPs would prefer to see expansion at Heathrow than a new hub in the Thames Estuary. Forty-six per cent of [...]
Non-European flights get a green tax break November 12, 2012 THE EUROPEAN Union has suspended its controversial carbon emissions tax for non-EU flights, after fierce protests from authorities around the world. Airlines operating routes within the EU will still have to pay, but the bloc has issued a year-long exemption for flights linking EU airports to the rest of the world. The Emissions Trading Scheme [...]
Costain wins Welsh contract November 12, 2012 Costain has won a four-year technology contract with the Welsh government worth around £15m, it said yesterday. The contract, which is for the maintenance of road network communications and tunnel systems across Wales, will begin early next year.
Gem Diamonds hit by low output November 12, 2012 Gem Diamonds was hit by falling production at its Lesotho operations over the third quarter, it said yesterday, with the amount of ore mined down 13 per cent year on year. Carats recovered from the mine was down nine per cent year on year as severe winter snow conditions hindered production.
Eurotunnel settles fire claim November 12, 2012 Channel tunnel operator Groupe Eurotunnel yesterday said its insurers will pay out €253m (£203m) following its 2008 fire claim. Eurotunnel spent around £48m on repairs after the 16-hour fire in September 2008, with full service resuming in February 2009.
Hibu extends debt restructure November 12, 2012 Yellow Pages publisher Hibu yesterday extended the time it needs to win approval from creditors for a restructuring of the firm’s colossal debts. The firm originally gave creditors until 9 November to approve the amended repaying structure but extended that deadline until 23 November. Shares fell 15 per cent.
US defence cuts prompt Cobham profit warning November 12, 2012 COBHAM, the London-listed maker of sophisticated military equipment, yesterday issued a profit warning for next year due to declining revenues from the US defence market. The firm, which got 40 per cent of its revenues from sales of defence and surveillance equipment in the US this year, said group revenues would decline by “low-to-mid” digits [...]
Olympus puts accounting fraud behind it by swinging into black November 12, 2012 TROUBLED Japanese electronics firm Olympus swung to its first profit since 2010 yesterday as it put a £1.1bn accounting scandal behind it. The company, which makes optical medical equipment as well as digital cameras, reported an ¥18bn (£143m) pre-tax profit in the six months to October, compared to a ¥6.6bn loss in the same period [...]
Profits at Emirates soar November 12, 2012 Dubai-based airline Emirates has defied the gloom weighing down the aviation industry by more than doubling its profits to 1.7bn dirhams (£291m) for the six months to the end of September. The state-owned firm carried 18.7m passengers in the period, up 15.4 per cent from a year ago. Revenue rose 17 per cent on the [...]
City sleepover in Broadgate November 12, 2012 CITY workers swapped their sheets for the street last week to help raise £250,000 for homeless charity Centrepoint. The Capitalist chatted to Gordon Taylor, managing director of markets at RBS, and Jon Millward, partner at Drivers Jonas Deloitte, before they bedded down for the night. When asked what provisions he had brought along, Taylor said: [...]
