Tate & Lyle unit sold for £67m November 25, 2010 TATE & Lyle yesterday sold off the last of its historic British sugar businesses – offloading its molasses distribution arm for £67m. Northern Irish commodities group W&R Barnett has bought the unit in cash, and Tate & Lyle says it will use the proceeds to pay down its net debt. The molasses business had annual [...]
Tate & Lyle unit sold for £67m November 25, 2010 TATE & Lyle yesterday sold off the last of its historic British sugar businesses – offloading its molasses distribution arm for £67m. Northern Irish commodities group W&R Barnett has bought the unit in cash, and Tate & Lyle says it will use the proceeds to pay down its net debt. The molasses business had annual [...]
Hopes rise for aviation recovery November 25, 2010 HOPES of a firm recovery in global air travel have risen after passenger demand increased by a tenth last month, industry figures showed. Demand increased by 10.1 per cent in October while freight rose 14.4 per cent, according to traffic data from the International Air Transport Association (IATA). Industry growth was returning to more normal patterns [...]
Hopes rise for aviation recovery November 25, 2010 HOPES of a firm recovery in global air travel have risen after passenger demand increased by a tenth last month, industry figures showed. Demand increased by 10.1 per cent in October while freight rose 14.4 per cent, according to traffic data from the International Air Transport Association (IATA). Industry growth was returning to more normal patterns [...]
Higher output and metal prices boost Antofagasta November 25, 2010 CHILEAN copper miner Antofagasta reported a surge in nine-month profit on the back of higher output and metals prices, but this fell short of some investors’ expectations. The London-listed group also said it had launched operations at its new Esperanza mine, part of an expansion that is due to lift output by a third next [...]
Higher output and metal prices boost Antofagasta November 25, 2010 CHILEAN copper miner Antofagasta reported a surge in nine-month profit on the back of higher output and metals prices, but this fell short of some investors’ expectations. The London-listed group also said it had launched operations at its new Esperanza mine, part of an expansion that is due to lift output by a third next [...]
Russian state bank eyes E.ON’s stake in Gazprom November 25, 2010 A DEAL for the sale of German utility E.ON’s stake in dominant Russian gas company Gazprom to Russian state bank VEB may be announced as early as today, a source in Russia’s energy ministry said yesterday. “The idea is completely realistic. I think that this is what will happen, I think it will be announced [...]
Russian state bank eyes E.ON’s stake in Gazprom November 25, 2010 A DEAL for the sale of German utility E.ON’s stake in dominant Russian gas company Gazprom to Russian state bank VEB may be announced as early as today, a source in Russia’s energy ministry said yesterday. “The idea is completely realistic. I think that this is what will happen, I think it will be announced [...]
IRELAND BETS ALL ON DRASTIC CUTS November 24, 2010 THE Irish government today released a four-year austerity plan described as “draconian” and “staggeringly austere” by analysts, with €15bn (£12.6bn) of budget cuts planned by 2014. But the measures failed to placate the markets, where Irish bond yields continued to rise on fears that the government will be unable to get the cuts through parliament: [...]
IRELAND BETS ALL ON DRASTIC CUTS November 24, 2010 THE Irish government today released a four-year austerity plan described as “draconian” and “staggeringly austere” by analysts, with €15bn (£12.6bn) of budget cuts planned by 2014. But the measures failed to placate the markets, where Irish bond yields continued to rise on fears that the government will be unable to get the cuts through parliament: [...]