Ryanair orders up to 200 planes worth huge $22bn from Boeing September 8, 2014 IRISH budget airline Ryanair has made a deal with massive US aerospace company Boeing for up to 200 of its 737 Max planes, in a deal that could be worth up to $22bn (£13.7bn) in total. The deal will see Ryanair commit to buy 100 of the new 737 Max 200 series, valued at $11bn [...]
Dark clouds hang over Little Red as Virgin UK airline faces possible closure September 7, 2014 The future may be looking dark for Virgin’s UK airline Little Red, as the new carrier faces the prospect of a possible closure only a year and a half after its launch. Doubts over the future of Little Red come as Virgin Atlantic has been pursuing a significant reorganisation of its network and routes [...]
PHS cleans up its debts with new ownership September 7, 2014 A MAJOR deal looks to be on the cards for PHS Group, the large UK hygiene and office services company, as it seeks to cut its massive debts of nearly £1bn in return for handing over ownership to a set of its lenders. PHS, which was founded in 1963, is now one of the largest [...]
EDF Energy nuclear reactors may be out until end of year fuelling winter blackout fears September 4, 2014 Fears of power blackouts in the UK this winter due to possible shortages in energy supply were heightened yesterday, after major energy supplier EDF revealed four reactors at its nuclear power plants might not come back online until the end of the year. The UK subsidiary of the large French energy company said four nuclear [...]
Boeing predicts 6,000 planes to be sold to China from 2014-2033 September 4, 2014 Demand for new planes in China could be above 6,000 over the next 20 years, expected to be worth a massive $870bn (£532bn) in sales, according to US plane making giant Boeing. Boeing predicts that China will make up nearly 45 per cent of total aircraft demand in Asia over the period between 2014-2033, and [...]
Standard Life share price rockets on £2.2bn deal with Manulife September 4, 2014 Standard Life received a bullish response yesterday from markets and analysts to the sale of its Canadian business for C$4bn (£2.2bn), as shares sky-rocketed and analysts upgraded forecasts after the mega deal. Shares in the huge FTSE 100 listed insurance and investment firm surged by nearly 11 per cent in early trading, before finishing [...]
Profits soar at Go-Ahead with more rail routes September 4, 2014 RAIL and bus group Go-Ahead yesterday saw its share price jump 3.17 per cent as it reported record passenger numbers across its services. Pre-tax profits for the year to 28 June soared to £91.2m, up 44 per cent from £63.1m in the first half of 2013, as revenue rose to £2.7bn, up five per cent [...]
Genel Energy share price slips as dry oil well off Angola is plugged September 4, 2014 Genel Energy, the oil explorer and producer, yesterday saw its shares slip 1.1 per cent as it revealed it would abandon an offshore Angola well after finding no oil and gas from test drilling. The London-listed firm said the Dilolo-1 exploration well on Block 39 offshore Angola, in which Genel has a 7.5 per cent [...]
Queens Park Rangers’ £6bn west London revamp to create homes, jobs and a new stadium September 3, 2014 A vast area of west London looks set to undergo a massive regeneration programme that could see 24,000 homes being built and 55,000 new jobs created. Hundreds of acres of brownfield around Old Oak Common, near the site of Wormwood Scrubs prison, could be transformed as a result. The £6.2bn plan is being spearheaded by [...]
Killik loses Kavanagh after exec departs to set up own venture September 3, 2014 CITY stockbroker and wealth manager Killik announced a major departure yesterday with partner Paul Kavanagh set to leave at the end of this year with two colleagues to set up his own company. Kavanagh, chief investment officer at Killik and chairman of Killik & Co’s capital division, will leave the company on 31 December 2014, [...]
