Our innovative Heathrow plan could expand capacity without huge costs November 28, 2013 IN JUST three weeks, Sir Howard Davies and the Airports Commission will publish a shortlist of ideas to solve a problem critical to Britain’s future success – how to enhance our airport capacity. We hope that our innovative Heathrow Hub concept – which is unconnected to any proposals from the current airport owners – will [...]
What the other papers say this morning – 25 November 2013 November 25, 2013 FINANCIAL TIMES Trafigura sells Puma stake for $500m Trafigura, one of the world’s largest commodities trading houses, has raised $500m from the sale of a 10 per cent stake in Puma Energy in a deal that makes a stock market flotation of its fast-growing petrol station and oil terminal unit less likely. The company, which [...]
Discovering the entrepreneurial spirit behind Argentine wine November 24, 2013 Laura Ivill travels to Mendoza in Argentina to experience the wine-making journey from humble grape to fine-dining staple DRAW a line on the map from the bustling streets of Buenos Aires west across Argentina’s interior and you reach the soaring 6,000-metre peaks of the Andes. In the foothills, the low-rise sprawling city of Mendoza lends [...]
What the other papers say this morning – 22 November 2013 November 21, 2013 FINANCIAL TIMES Independence could lose sterling Scotland will be forced to quit the sterling currency union if it votes for independence next year, a cabinet minister has said, in the starkest warning yet for Scottish voters to remain in the UK. Speaking to the Financial Times days before the Scottish government releases its vision for [...]
Any other business – 21/11 November 20, 2013 Airplane meals are not particularly tasty, but it seems a bit excessive to pack a lunch for your flight. When the cleaners of a Jet Airways plane stumbled across two lunch boxes stashed in the toilets they assumed they were bombs. However, on closer inspection the boxes turned out to contain 12 gold bars each. [...]
Pension giant lands air traffic control stake November 19, 2013 ONE OF Britain’s biggest pension schemes has bought a stake in the national air traffic controller Nats for £143m. Universities Superannuation Scheme, which handles the pensions of around 300,000 higher education workers, has bought the holding from transport companies Thomas Cook, Tui Travel, Lufthansa and Virgin Atlantic. USS will own a 49.9 per cent stake [...]
Best of the Brokers for 19 November 2013 November 18, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com FOXTONS Brokers Canaccord Genuity upgraded their recommendation on estate agency Foxtons from hold to buy, with a November 2014 target of 320p. The analysts believe Foxtons can capitalise on a .London web address, boosting the firm’s reputation worldwide and upping its share price. [...]
Gulf airlines get off to a flying start at air show November 18, 2013 GULF airlines announced $150bn-worth (£93bn) of plane orders on the first day of the Dubai Airshow yesterday, giving a big boost to manufacturers and showing the financial clout of carriers in the region. Boeing has taken an early lead in the fight for orders at the event, with Dubai-based Emirates placing an order for the [...]
IAG hikes 2015 profit target by 12.5 per cent November 15, 2013 On Friday, International Airline Group (IAG) raised its 2015 operating profit target by 12.5 per cent, or €1.8bn (£1.5bn). The British-Spanish multinational, which owns British Airways (BA) and Iberia, attributed the increased profit target to improved performance at BA and its Spanish based airline, Vueling. BA's 2015 operating profit target was raised from £1.1bn to [...]
Scardino joins IAG board November 14, 2013 Marjorie Scardino, the former boss of publishing group Pearson, is joining the board of British Airways parent IAG next month. Scardino, who stepped down from Pearson at the start of the year, will replace John Snow as a non-executive director. The airline has recently shaken up its board, two years after Iberia and BA merged. [...]