Airbus ups long-term forecasts September 17, 2009 Airbus has increased its forecasts for long-term new plane demand but said the current industry crisis is likely to spark a spate of new order cancellations this winter. The EADS subsidiary said yesterday it saw global demand for 25,000 new aircraft across the industry in the twenty-year period between 2009 and 2029, up from the [...]
Toyota plans spending spree September 17, 2009 Toyota, the world’s biggest carmaker, said yesterday it planned to spend a “larger than average” $1bn (£683m) on marketing in the US in the fourth quarter, as the economy begins to recover. It will spend heavily on advertising, incentives and dealer support, after the cash-for-clunkers scheme, where drivers traded in their old bangers for a [...]
Air watchdogs respond to critics September 17, 2009 US aviation regulators have responded to criticisms they had grown too “cosy” with airlines, by setting up an internal office to collect employee complaints. They have also said they will stop calling carriers “customers”. Policy makers in government have called for the changes. They also want an internal office that would collect employee complaints about [...]
Toluna reports growth in Europe September 17, 2009 Toluna, which provides online panels, communities and technology services to the market research industry, reported strong revenue and profit growth, and increased market share in all European territories in the six months ended June. Toluna, which won 95 new clients over the period, said in July it had acquired the business and assets of the [...]
Hedge fund failures slow as industry crisis eases September 17, 2009 THE RATE at which hedge funds are collapsing slowed in the second quarter of 2009, in a further sign the hedge fund industry is over the worst. The second quarter saw 292 funds enter liquidation, a 22 per cent fall on the 276 funds liquidated in the quarter before, according to data firm Hedge Fund [...]
FSAthrows its weight behind the bid to save hedgies from European crackdown September 17, 2009 CITY regulator the Financial Services Authority (FSA) yesterday gave its support to hedge funds and called on the European Union (EU) to rethink its plans for a crackdown on the industry. Managing director of the FSA’s risk division, Sally Dewar, said the EU must address weaknesses in the current rules in a “proportionate” way in [...]
Unite plans a fundraising September 17, 2009 STUDENT housing provider Unite is set to raise £82m through a share placing, it said yesterday, to take advantage of a “compelling business opportunity” in London. It is offering 32.8bn shares, priced at 250p each and is raising the cash via a firm placing of £24.6m, and an open offer of £57.4m. The offer is [...]
American Airlines raises $2.9bn to ride out storm September 17, 2009 AMERICAN AIRLINES’ (AA) parent company AMR has raised $2.9bn (£.bn) as it struggles to weather the financial storm. The fundraising, which comes as part of an arrangement with General Electric and Citigroup, is intended to help the carrier cope with a fall off in demand for air travel. The company said $1bn of the figure [...]
Job drought risks brain drain September 17, 2009 THE UK is in danger of losing its brightest talent, with 23 per cent of Britons saying they are considering moving abroad in the next two years, according to new research. According to a survey of 2,000 adults carried out by Foreign Currency Direct, 11m workers are now considering a move abroad because finding a [...]
Blues promote COO Gourlay to replace Kenyon September 17, 2009 CHELSEA have promoted chief operating officer Ron Gourlay to the role of chief executive following the announcement of Peter Kenyon’s imminent departure. Gourlay, 46, has been at Chelsea for more than five years and, like Kenyon, previously held positions at Manchester United and sportswear manufacturers Umbro. “It is a huge honour to be offered the [...]
