Friday 24 May 2013
German airline Lufthansa's profits jumped 30% in the third quarter despite a strike and higher fuel prices. But the company's chief executive said that is not enough, and vowed to intensify cost-cutting.
The airline credited cost reductions it has already made for the profit, as well as better earnings from its services businesses.
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
TWO of the FTSE's biggest bosses have banked rather different pay packets, it has been revealed.
Checkout staff at Tesco have seen their annual shares bonus pot halved after the supermarket giant slumped to its first annual profits fall in nearly 20 years.
A COLERAINE medical company is celebrating after landing an export deal to Brazil.
India's Tata Steel has plunged into the red with losses of £840m after wiping £1bn off the value of its European arm, which employs 18,500 people in the UK. The overall post-tax figure for the group represents a sharp fall from the previous year's £642m profit, and is largely accounted for by the write-down.
Mitchells & Butlers, the UK's biggest operator of managed pubs placed upmarket, special occasions and family dining at the centre of an investment drive. The Harvester, O'Neill's and All Bar One owner set aside £30m in capital expenditure in the current year to October but it will rise to between £50m and £80m a year.
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