Stansted says it will keep growing despite Davies thumbs down December 17, 2013 STANSTED executives were stoic yesterday after the airport was left off the shortlist for a new runway. The airport, which was taken over by Manchester Airports Group in February, had set out plans to build a second runway – and Boris Johnson had talked up the site’s prospects as a five-runway hub. However, Sir Howard [...]
What the other papers say this morning – 10 December 2013 December 9, 2013 FINANCIAL TIMES Home Secretary criticised for red tape Theresa May has been accused by cabinet colleagues of undermining the government’s pro-business agenda by refusing to cut red tape in the Home Office. The Home Secretary was sent a “scathing letter” late last month by Michael Fallon, the Conservative business minister, and Vince Cable, the Liberal [...]
As passenger numbers grow is EasyJet about to beat Ryanair in the battle for the skies? December 5, 2013 EasyJet has posted an increase in its passenger numbers for the month of November to 4,255,978. This represents a rise of 3.4 per cent on the same period last year. November's increase in passengers marks further good news for the low-cost airline in stark contrast to Irish competitor Ryanair, which has struggled in recent months. [...]
What the other papers say this morning – 28 November 2013 November 27, 2013 FINANCIAL TIMES JPMorgan eyed metals unit in 2012 JPMorgan Chase drew up plans to sell part of its metals warehousing empire last year as it faced pressure to show regulators that the business fitted with the activities of a bank, according to newly released documents. American-US Airways merger cleared The long-running effort to merge US [...]
Train with no seats may ease congestion November 25, 2013 BRITAIN’S railways could carry more commuters without spending billions on upgrades if trains offered third-class carriages with almost no seats, a report out yesterday claimed. Passengers could pay a fifth less to travel in a “high-density” section that would be modelled on the London Overground carriages, the paper by transport expert David Starkie for the [...]
EasyJet gives investors £175m as profits surge November 19, 2013 EASYJET shareholders welcomed a £175m special dividend yesterday after the budget airline’s move into allocated seating helped push profits up a whopping 51 per cent. The FTSE 100 firm said revenues per seat were up seven per cent, surpassing a four per cent rise in passengers, as reserved seats and other add-ons proved popular. Boss [...]
Brand Index: Allocated seating pays off for mild-mannered McCall November 19, 2013 EASYJET was the one of the big stories in business yesterday, with the budget airline reporting higher profits than arch rival Ryanair for the first time in its history. It saw a 51 per cent rise in yearly pre-tax profits to £478m, and its shares also rose significantly, boosted by the company’s plans to hand [...]
Analyst Views: Are you pleased with Easyjet’s results? November 19, 2013 TREVOR GREEN AVIVA INVESTORS As shareholders in EasyJet, the final results and outlook statement provided us with further evidence that the strategy being implemented by Carolyn McCall is succeeding. She is also proving to be adept at balancing shareholder returns via a special dividend announcement along with a long term growth strategy. GERT ZONNEVELD PANMURE [...]
London Report: Intertek caution drags FTSE to a sub-6,700 close November 19, 2013 B RITAIN’S top share index slipped yesterday, hurt by testing firm Intertek on worries over a slowdown in its business, though analysts were confident that technical support would cap any weakness in the broader market. Intertek, a company specialising in safety and quality tests, fell 2.5 per cent after saying headwinds experienced in the first [...]
EasyJet sets a course to break its profit record November 18, 2013 EASYJET is expected to smash through its profit record for the third year in a row tomorrow after its push into business travel and the introduction of new routes boosted turnover per passenger. The low-cost airline said last month that it expected to report annual profits of between £470m and £480m, up from £317m the [...]