Iberia bets on BA merger as it reveals record losses February 25, 2010 SPANISH airline Iberia posted a record operating loss yesterday, hit by declining air travel and underscoring challenges facing the industry as the airline seeks shelter in a merger with British Airways. “This market has changed for good. Traditional airlines as we know them will disappear, but we’re not crying here,” Iberia chairman Antonio Vazquez said. [...]
Djokovic safely through but more seeds fall February 25, 2010 SERB Novak Djokovic is the only player in the world’s top 10 remaining in the Dubai Championship after more big-name casualties crashed out yesterday. The world No2 came from a set down to beat unseeded Ivan Lubicic 2-6, 6-4, 6-0 to reach the semi-finals. He will be joined in the last four by world No31 [...]
SPORT | IN BRIEF February 25, 2010 Little rest for the Little Master CRICKET: India’s Sachin Tendulkar has been rewarded for becoming the first-ever batsman to score 200 runs in a one-day innings on Wednesday by being handed a well-earned rest for tomorrow’s third ODI against South Africa in Jaipur. Tendulkar, 36, is rested along with fellow opening batsman Virender Sehwag as [...]
Centrica is confident on the future February 25, 2010 CENTRICA, the UK’s largest energy supplier, recorded a seven per cent drop in profit for 2009 due to lower wholesale gas and power prices. However, sales were up five per cent to £21.96bn and the supplier expects wholesale gas prices to rise again in 2010, although this is expected to be below levels seen in [...]
GKN sees its profits halve February 25, 2010 Automotive and aerospace engineer GKN said full-year trading profit halved but the outlook for its major markets is mainly positive. Trading profit fell to £152m for the year ended 31 December 2009 from £221m the year before. Sales for the period were down three per cent at £4.2bn.
In-form Toffees come unstuck in Portugal February 25, 2010 SPORTING LISBON (3) v/s EVERTON (0) EVERTON’S recent revival, and their European adventure, were brought to an abrupt halt after they were well beaten in Portugal. The Toffees took a 2-1 lead into the second leg and, in the face of bombardment, managed to keep it that way until after the hour mark. But in [...]
Dunelm’s first half results cheer February 25, 2010 British homewares retailer Dunelm yesterday reported a 69.3 per cent rise in first-half pre-tax profit, with Seymour Pierce saying the results came in well ahead of its expectations. Dunelm posted first-half profit before tax of £46.2m, compared to £27.3m for the same period last year, and also proposes a return of capital to shareholders of [...]
Profits plunge at Bodycote February 25, 2010 Engineering firm Bodycote reported a decline in full-year pre-tax profit warning that it expects a full recovery from the slump to take several years. Headline pre-tax profit fell to £3.7m for the year ended 31 December from £67.6m a year before. Revenue declined to £435.4m from £551.8m the year before.
Capita loses out on contracts February 25, 2010 Capita reported a sharp drop in contract wins in the past year, overshadowing the outsourcing company’s hopes for a strong 2010 once Britain’s forthcoming general election is out of the way. The contracts figures eclipsed a 17 per cent rise in underlying pre-tax profit last year to £325m, ahead of an average analyst consensus estimate [...]
Champions are dethroned by plucky Fulham February 25, 2010 SHAKHTAR DONETSK (1) v/s FULHAM (1) BRAVE Fulham held their nerve to clinch a famous victory over champions Shakhtar and set up a mouth-watering last 16 clash with Italian giants Juventus. Roy Hodgson’s men survived a wave of late attacks by the Ukrainians and even had to make do with 10 men after Danny Murphy [...]
