Airbus plans €1bn upgrade of key aircraft December 1, 2010 EUROPEAN planemaker Airbus plans to upgrade its best-selling A320 medium-haul jets from 2016 with new engines offering 15 per cent fuel savings, as it fends off upstart competitors. Airbus said yesterday that it would invest just over €1bn (£840m) in the “A320neo” project to improve efficiency and cut harmful emissions and noise. Until now, Airbus [...]
THE TIPSTER December 1, 2010 Few retail stocks have managed to see their share price recover to the halcyon days of 2007, but Carphone Warehouse has recently achieved that feat with the stock now eyeing the 400p level. Clearly the Christmas season has the potential to bring further cheer for the stock. Furthermore, given the ongoing tide of innovation in [...]
How World Cup 2018 bid works November 30, 2010 Tomorrow England will learn whether years of lobbying and some late schmoozing have paid off Q&A Q. How is the bidding contest decided? A.By a vote among the executive committee (ExCo) of world governing body Fifa, in Zurich tomorrow. Q. How does the vote work? A.The 23 ExCo members cast their votes in a secret [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2010 FINANCIAL TIMES KPMG HIRES NON-EXECUTIVE DIRECTORS FOR NEW OVERSIGHT BODY KPMG Europe has hired three non-executive directors to sit on a new oversight body in a move that highlights the differing ways big audit firms are complying with regulatory changes in the UK. The directors are: Sir Steve Robson, a retired senior civil servant at [...]
Gazprom and Shell put differences aside with new cooperation pact November 30, 2010 RUSSIA’s state-run gas firm Gazprom and Royal Dutch Shell yesterday signed an agreement to work together – despite an acrimonious dispute over the Sakhalin-2 field. The two gas giants have now agreed to cooperate on exploring for oil in western Siberia and Russia’s Far East, as well as on distribution projects in Europe. Only four [...]
Finnair cancels over 300 flights due to strikes November 30, 2010 THE cabin crew at Finnair launched a crippling strike yesterday, prompting Finland’s flag carrier to cancel more than 300 flights and warn it would post another loss this year. Nordic carrier SAS, which owns the Blue1 airline, was also affected. Some 1,800 of Finnair’s and Blue1 cabin crew employees started a strike at 11am after [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 29, 2010 FINANCIAL TIMES BLUNDER REVEALS CARBON TRADING DATA Europe’s biggest clearing house, LCH.Clearnet, has admitted that “confidential information” about trading in carbon emission allowances, including the names of individual traders, was mistakenly published on the internet. Climate Markets, which provides marketing services for LCH.Clearnet, said the information was placed on its website in error and has [...]
Russia’s Acron sells Canadian potash licence to BHP Billiton November 29, 2010 RUSSIAN fertiliser maker Acron has said it sold a Canadian potash exploration permit to BHP Billiton for an undisclosed amount. The permit covers 83,880 acres in central Saskatchewan. A source close to the Russian company said the deal was worth slightly more than the C$6m (£3.8m) sale of a similar deposit to Canada’s Sanya Resource [...]
Thomas Cook plans Chinese tie-up as it moves in to emerging markets November 28, 2010 TOUR operator Thomas Cook is hoping to forge a tie-up with a Chinese travel company to expand into tiger economies. The holiday group is understood to want to move into the Chinese market by 2012 as part of its drive to cash in on growth in emerging markets. The company last week announced a deal to [...]
ALAN SUGAR BECOMES A CHRISTIAN COVER STAR November 28, 2010 ALAN Sugar likes to boast that he was in the Jewish Lads Brigade in Hackney, flew Jewish comedian Jackie Mason over from New York for his 40th birthday party and when a contestant on The Apprentice told him “I’m Catholic and I give you my word”, he replied: “I’m Jewish and I couldn’t give a [...]