Tuesday, 14 May 2013 16:46
Posted by Muhammad Iqbal
MILAN: The world's biggest airport retailer Autogrill said on Tuesday its net loss increased 69 percent to 31.2 million euros ($40.51 million) in the first quarter.The Italian travel retail and restaurant group said recession in Europe weighed on motorway traffic, reducing the number of customers at the roadside restaurants which traditionally generated most of its revenue.Sales rose 0.5 percent in the quarter, helped by growth in North America and positive results for its airport retail business in Britain and other countries outside Europe.Copyright Reuters, 2013 ...
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MILAN: The world's biggest airport retailer Autogrill said on Tuesday its net loss increased 69 percent to 31.2 million euros ($40.51 million) in the first quarter.The Italian travel retail and restaurant group said recession in Europe weighed on motorway traffic, reducing the number of customers at the roadside restaurants which traditionally generated most of its revenue.Sales rose 0.5 percent in the quarter, helped by growth in North America and positive results for its airport retail business in Britain and other countries outside Europe.Copyright Reuters, 2013 ...
DUBLIN: Explorer Petrel Resources Plc is seeking a larger partner to help it fund drilling off the coast of Ireland and hopes to conclude a deal in coming months, as it capitalises on a surge of interest in the country's oil potential.Ireland's oil prospects have come to the fore after positive results last year at the Barryroe field in the Celtic Sea, which now looks set to be developed, turning the country into an oil ...
PARIS: European aerospace giant EADS said Tuesday its first quarter profits soared 91 percent from a year ago to 241 million euros ($316 million) amid solid demand for its commercial aircraft.Orders for the first three months rose to 49.9 billion euros compared to 12 billion during the same period last year, said the parent company of Airbus.Orders for Airbus' commercial aircraft showed the highest jump, leaping 496 percent.Sales for the first three months of the ...
TOKYO: Japanese electronics giant Sharp on Tuesday posted a record annual loss for the second year in a row, although it added that it expected to return to profitability in the current fiscal year.The maker of Aquos-brand electronics reported a net loss of 545.3 billion yen ($5.4 billion) in the year to March, its worst-ever shortfall after losing 376 billion yen in the previous year.Sales in the period were 2.48 trillion yen, up from 2.46 ...
WASHINGTON: A high-ranking Mexican drug cartel chief was jailed for 35 years on Monday for plotting to smuggle vast quantities of cocaine and marijuana into the United States, justice officials said.Aurelio Cano Flores, described by the Justice Department as a senior member of the Gulf Cartel, was convicted of conspiring to import "multi-ton" shipments of drugs into the US following a trial in February.The 40-year-old was also ordered to forfeit a staggering $15 billion in ...
NEW YORK: Williams Cos Inc's Transcontinental Gas Pipeline Co LLC (Transco) on Monday said it was investigating a small leak on its Southeast Louisiana Lateral natural gas pipeline in Terrebonne Parish Louisiana and would be conducting unplanned maintenance to repair it.Gas at the Ship Shoal 28 D would not be available for flow to the Transco system until further notice, a website posting said.A spokesman said the company had isolated the 16-inch (40-cm) line after ...
Heineken aims to whet African women's appetite for beerJOHANNESBURG: A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter.One brewer, Heineken, is attempting to woo the elusive female African drinker with a sweeter, low-alcohol beer made from malt and lemon that it hopes will persuade them to try its other lagers.Siep Hiemstra, head of Heineken's African ...
