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Monday, 12th May 2008

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Business round-up - 07/05/08



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A daily round-up of business news
Sold airport to expand?
Blackpool International Airport has been sold to construction group Balfour Beatty in a deal worth £14m.
The group's Regional and City Airports arm is acquiring a 95% stake in the airport.
Blackpool Council will remain a minority shareholder in Blackpool's airport following the deal, with a 5% stake.
Coun Peter Callow, leader of Blackpool Council, said: "I know Balfour Beatty have very exciting plans for the future which will see expansion of both flights and facilities."

Budget airline fuel losses
Budget airline easyJet said today that soaring fuel costs caused half-year losses to more than double as it warned that the rocketing cost of crude oil would put many players out of business.
But the no-frills carrier said it would survive where others failed as it insisted its low-cost business model could see the group through the fuel price woes.
The group reported underlying pre-tax losses of £41.4m.

Numbers add up for bingo
Gaming firm Rank today said there had been a "modest improvement" in trading at its Mecca bingo halls, despite a 13% fall in admissions.
Mecca's like-for-like revenues declined 14% in the 17 weeks to April 27, compared with the 17.3% fall seen in the final four months of last year.
The industry is under pressure because of the smoking ban and new gambling laws.

Cracking voice plan extended
A scheme which checks voice stress levels to catch benefit fraudsters is to be extended across the country under moves which could save £30m.
The Government will provide funding worth £1.5m to treble the number of local authorities in Britain testing the technology from the current seven to 22 using voice risk analysis (VRA) technology.

Prison strike
Prison officers will today be told to start working to rule in a dispute over pay which sets them on a collision course with the Government.
Delegates at the annual conference of the Prison Officers Association voted to call for industrial action.

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  • Last Updated: 07 May 2008 11:29 AM
  • Source: n/a
  • Location: Preston
 
 

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