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Nov 26, 2014

Thomas Cook hit by shock CEO departure, slowing growth

LONDON (Reuters) – British holiday company Thomas Cook (TCG.L: Quote, Profile, Research, Stock Buzz) said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.

Shares in the world’s oldest travel company fell as much as 23 percent on news of the abrupt departure plus a warning from the company that growth would slow to “a more moderate pace” in 2015, to reflect a tougher trading environment.

Nov 26, 2014

Turner film, exhibition reveal British master to a new generation

LONDON, Nov 26 (Reuters) – With an epic sweep worthy of a
J.M.W. Turner masterpiece, a new portrayal of one of Britain’s
greatest painters is winning the Romantic artist a new
generation of admirers.

Joseph Mallord William Turner overturned 19th Century
conventions by painting the vitality of his age, challenging the
boundaries of realism and abstraction with a boldness that
prefaced Impressionist greats such as Claude Monet and Camille
Pissarro.

Nov 25, 2014

Soccer stars back $2 mln video clip sharer Grabyo

LONDON, Nov 25 (Reuters) – Cesc Fabregas and Thierry Henry
are two big name soccer stars backing Grabyo, a video clips
sharing technology company, which said on Tuesday it raised $2
million as part of a plan to grow its distribution of exclusive
video on social media.

Founded last year, London-based Grabyo lets broadcasters
edit and share clips of sports and other events on Twitter and
Facebook in real time, driving fan interest on social media, and
generating revenue from adverts added to the footage.

Nov 19, 2014

Fly us to the moon, UK space mission asks public

LONDON, Nov 19 (Reuters) – A British space venture is giving
ordinary citizens the chance to leave their mark on the moon in
a decade’s time while helping scientists scout a possible
location for a permanent base there.

Lunar Mission One launched a crowdfunding drive on Wednesday
to cover its start-up costs. By mid-morning organisers had
raised around 74,000 pounds, according to the Kickstarter
website, towards an initial target of 600,000 pounds ($940,000)
they aim to reach within a month.

Nov 18, 2014

EasyJet winter bookings rise as competition heats up

LONDON, Nov 18 (Reuters) – British low-cost airline easyJet
reported a small rise in winter bookings on Tuesday,
shrugging off concerns about an increasingly competitive
European travel market.

The company also posted a 21.5 percent rise in pretax profit
to 581 million pounds ($909 million) for the year ended Sept.
30, in line with an upgraded forecast it made last month.

Nov 13, 2014

Eurostar bets on new trains and destinations to grow

LONDON, Nov 13 (Reuters) – Eurostar is spending about 300
million pounds ($473 million) on seven new trains to reach more
distant destinations in an effort to lure more passengers from
aeroplanes to the Channel tunnel.

Exactly 20 years after it first connected London and Paris
and London and Brussels by rail, Eurostar on Thursday showcased
the new-look train as part of a fleet expansion and
refurbishment project costing 1 billion pounds.

Nov 12, 2014

Eurostar bets on new trains and destinations to win passengers

LONDON, Nov 12 (Reuters) – Eurostar is betting on new
destinations and bigger, wifi-enabled trains to lure more
passengers from aeroplanes to the undersea tunnel linking
Britain and mainland Europe.

Twenty years after it first connected London and Paris by
train, Eurostar will on Thursday showcase the first of a
ten-strong fleet of sleek Siemens trains at its
London base in St Pancras Station.

Nov 10, 2014

Serco plans rights issue after huge impairment charge

LONDON, Nov 10 (Reuters) – Britain’s Serco announced
a rights issue of up to 550 million pounds ($874.5 million)
after cutting its profit forecast and taking a 1.5-billion-pound
impairment charge, wiping a third off its share price.

The unscheduled announcement, which also included a plan to
cancel the dividend, sent the shares down as much as 35 percent.

Nov 7, 2014

British Airways owner IAG signals maiden dividend

LONDON, Nov 7 (Reuters) – British Airways owner IAG
laid out plans to pay a maiden dividend, coming of age three
years after it was created in a merger between BA and Spain’s
Iberia.

International Airlines Group said it was confident of
increasing profit by more than 10 percent a year between 2016
and 2020, on top of significant growth this year and next. As a
result it said it anticipated announcing next year that it would
start paying shareholders.

Nov 6, 2014

Qatar fund makes joint approach for Canary Wharf-owner Songbird

LONDON, Nov 6 (Reuters) – Qatar Investment Authority and a
U.S. investor have approached Canary Wharf-owner Songbird
Estates about a possible takeover, a deal which would
increase the sovereign wealth fund’s presence in London real
estate.

Songbird Estates is the majority owner of the
Canary Wharf estate, established some twenty-five years ago on
former docks as a new financial district. The company is also a
part owner of the landmark “Walkie Talkie” skyscraper in the
City, London’s traditional business area.