TalkTalk tops complaints league table September 22, 2011 TALKTALK once again topped the table of most complained about phone and broadband providers, according to new research by Ofcom. The X-Factor sponsor received more than three times as many complaints per 1,000 customers as its closest rival for its phone services and twice as many regarding its broadband packages. However, the number of complaints [...]
China’s Sany Heavy calls off Hong Kong IPO as stocks fall September 22, 2011 SANY Heavy Industry has postponed its up to $3.3bn (£2.1bn) Hong Kong share offering due to tumbling global markets, it emerged yesterday. The company, China’s largest construction machinery maker, has set no new dates for the deal, said the sources, who could not be named because the decision is not public. Sany Heavy’s deal would [...]
CITY VIEWS: ARE YOU HAPPY WITH YOUR PHONE PROVIDER? September 22, 2011 REBECCA HAUSLER | NRI “I have never had problems with my provider. I have been tempted to change before to a provider with better signal but I haven’t ever found a cheaper deal.” GREG KNOTT | HERMES BPK “When I first got my phone, the most important thing to me was signal, so I went [...]
EasyJet ups dividend as earnings rise September 22, 2011 EASYJET yesterday announced a £150m special dividend as the company raised profit guidance, thanks to a boost from business travellers and short-break tourists. The airline announced a total payout of £190m – including a year-end dividend of £40m – for the year to 30 September. Chief executive Carolyn McCall said: “When we announced our strategy [...]
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 [...]
