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Jan 21, 2015

Ryanair eyes feeder role for long-haul airlines

LONDON, Jan 21 (Reuters) – Legacy airlines such as British
Airways, Air France-KLM and Lufthansa
could soon start using low-cost carriers like Ryanair
and easyJet to feed people onto their long-haul routes,
say Ryanair executives.

Michael O’Leary, chief executive of Europe’s biggest
low-cost airline Ryanair, said that the days are numbered for
how much longer national flag-carriers can operate
intra-European flights because it was too expensive for them to
compete on these point-to-point routes.

Jan 20, 2015

British lawmakers call for more protection for dairy farmers

LONDON, Jan 20 (Reuters) – British dairy farmers should be
better protected from falls in the price of milk, lawmakers said
on Tuesday in a report warning of a crisis which could damage
the country’s dairy industry in the long-term.

A price war between supermarkets in Britain has led to milk
being sold at rock-bottom prices, at a time when lower global
demand has also caused the price to fall, pushing many dairy
farmers out of business.

Jan 18, 2015

Bolland’s strategy in focus as M&S clothes lose universal appeal

LONDON, Jan 18 (Reuters) – For generations, British children
went to school in Marks & Spencer’s clothes, teenagers
turned to it for first interview suits and shoppers of all ages
bought its underwear.

But the arrival over the last 20 years of fast, cheap
fashion at one end of the market and affordable luxury at the
other has left M&S struggling to recapture its universal appeal.

Jan 8, 2015

Marks & Spencer’s Christmas spoiled by online delivery problems

LONDON (Reuters) – Marks & Spencer missed Christmas sales forecasts, hit by delivery problems at its online business and raising fresh questions about chief executive Marc Bolland’s turnaround strategy for Britain’s biggest clothing retailer.

The 131-year-old mainstay of Britain’s shopping streets said on Wednesday same-store sales of general merchandise, which includes clothing, gifts and homewares, plunged 5.8 percent in the 13 weeks to Dec. 27.

Jan 7, 2015

Volkswagen’s Bentley sees new SUV spurring sales surge to 2020

LONDON/BERLIN (Reuters) – Bentley Motors expects its first sport-utility vehicle (SUV) to help almost double sales by 2020, the British luxury carmaker said on Wednesday, after reporting record deliveries last year.

Volkswagen-owned (VOWG_p.DE: Quote, Profile, Research) Bentley expects to increase sales to 20,000 a year by the end of the decade, a spokesman said, after previously targeting 15,000 deliveries by 2018.

Jan 7, 2015

VW’s Bentley sees new SUV spurring sales surge to 2020

LONDON/BERLIN, Jan 7 (Reuters) – Bentley Motors expects its
first sport-utility vehicle (SUV) to help almost double sales by
2020, the British luxury carmaker said on Wednesday, after
reporting record deliveries last year.

Volkswagen-owned Bentley expects to increase
sales to 20,000 a year by the end of the decade, a spokesman
said, after previously targeting 15,000 deliveries by 2018.

Dec 18, 2014

Aer Lingus rejects takeover approach from British Airways owner

LONDON/DUBLIN, Dec 18 (Reuters) – Aer Lingus has
rejected a takeover approach from the owner of British Airways
, which is keen to gain control of the Irish airline’s
slots at London’s Heathrow Airport.

Shares in Aer Lingus surged as much as 20 percent
on Thursday after the Financial Times reported that British
Airways-owner International Consolidated Airlines Group (IAG)
was considering a takeover bid.

Dec 16, 2014

UK telecoms regulator names top Treasury official as new CEO

LONDON, Dec 16 (Reuters) – British communications regulator
Ofcom named Sharon White as its new chief executive on Tuesday,
turning to the top Treasury civil servant to steer it through
what is expected to be a time of much change for the
telecommunications and media markets.

White will take up the role in March 2015, joining from
Britain’s finance ministry where she has spent the last year in
charge of managing the country’s public finances as second
permanent secretary.

Dec 10, 2014

BG Group sells Australian gas pipeline for $5 billion

LONDON, Dec 10 (Reuters) – British oil and gas company BG
Group Plc agreed to sell its Australian QCLNG Pipeline
business for $5 billion as part of a turnaround plan after a
string of production downgrades.

The sale to Australia’s APA Group will result in a
post-tax profit of around $2.7 billion for BG, a boost for the
company which is in the middle of an asset review to weed out
projects that have weighed on its performance.

Dec 10, 2014

Qatari bid for Canary Wharf owner Songbird wins more support

LONDON, Dec 10 (Reuters) – The Qatari-led group attempting a
takeover of Songbird Estates, owner of the Canary Wharf
financial district in London, said another shareholder had
pledged support to take total acceptances to nearly a third of
the company’s free float.

Qatar Investment Authority (QIA) and its bidding partner,
U.S. investor Brookfield Property Partners, launched a
350 pence-a-share offer direct to Songbird shareholders last
Thursday, valuing the company at $4 billion.