Abstracts » Business, international

BAA will spend $340.3 million to lift capacity at U.K. airport

Article Abstract:

BAA PLC announced that the UK-based company intends to spend $340.3 million, or 200 million pounds sterling within the next half a decade to nearly increase by 200% the capacity of Stansted Airport that is located north of London, UK. The airport operators, which is also the operator of UK's Heathrow Airport, anticipates that within the next eight years, Stansted Airport will generate 5,000 new jobs as yearly capacity rises from eight million passengers to 15 million passengers. The expansion plans include the broadening of the airport terminal at both ends to build more ticket counters and baggage areas, and building a couple of new satellite waiting areas intended for passengers on the airfield.

Comment:

Plans to invest $340.3 mil to nearly increase by 200% the capacity of Stansted Airport north of London

Capital expenditures, Air Terminal Services, Other Airport Operations, Airport terminal services, BAA PLC

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BA shares sink on fall in passenger yield

Article Abstract:

British Airways has seen a 4.5% decline in its shares as it recorded a decrease of 4.3% in passenger yield for the first quarter ended June 1998. The carrier attributed the passenger yield decline to the strength of the British pound, economic problems in Asia and far faster growth for lower-fare leisure travel versus more-profitable business travel. British Airways reported a drop of 2.1 percentage points in the passenger load factor, or the percentage of seats filled, to 70.9% compared to the previous year.

Comment:

Sees a 4.5% decline in its shares as it recorded a decrease of 4.3% in passenger yield for the first quarter ended June 1998

Sales & consumption, Scheduled Airlines, Scheduled Air Transportation, Airlines, British Airways PLC

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Working Title Films zooms in on top talent; London studio basks in on- and off-screen successes

Article Abstract:

Working Title Films will keep up its London-based production of quality films, including those of low budget. It has a strong list of hits since its start in 1984, hits that include 'Fargo,' 'Elizabeth,' and 'Four Weddings & a Funeral.' Now the company is betting on 'Notting Hill.' The production company got an infusion of cash recently from Canal Plus, the French entertainment giant. Universal Pictures provides the rest.

Comment:

Film producers have a reputation to live up to since Four Weddings and a Funeral

Strategy & planning, Motion Picture and Video Industries, Motion Picture & TV Production, Planning, Abstract, Working Title Films

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