Refit $22m ferry revamp
ENGLISH Channel ferry operator SeaFrance is to spend ?15m ($22m) to refit its newly acquired car ferry, Jean Nicoli, for its first summer season of service between the ports of Calais and Dover, writes Andrew Spurrier in Paris.
In the past, handling all these can be easy. But because of the growing demands in businesses today, you have to consider that it will be difficult for your company to cope up with todays competitiveness in the business world. Your company should maximize its resources in order to remain competitive with other companies.
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Share ThisFootball transfer fees hit record
New owners and a TV deal help top English clubs reach a record January spend of 150m on players.
SHIPOWNERS who have tonnage entered mutually in Gard P&I Club, one of the world?s top two such organisations, are to receive a total $9m ?give back?.
THE financial restructuring of government-owned Hindustan Shipyard has been delayed further and referred to a group of ministers after suggestions that its expansion plans could cause national security concerns.
JINHUI Shipping and Transportation, the Oslo-listed Hong Kong bulker operator, saw net profit surge 109% to $12.8m in the first quarter buoyed by soaring charter rates. Turnover climbed 49% to $54.3m.
DRYSHIPS chief George Economou has hailed an ?exceptionally strong? first quarter for the Nasdaq-listed dry bulk company, writes Nigel Lowry in Athens.
IMPROVED results for the first quarter of 2007 have been unveiled by the Piraeus Port Authority, the corporation in charge of Greece?s largest port.
SUE Langley, one of the most high profile personalities in the London market, is to join Lloyd?s to raise operational competitiveness and ensure a focus on North American business, which supplies 40% of revenue at Lloyd?s, writes James Brewer.
DEMAND for tankers to act as floating storage units in the Black and Baltic seas is bound to pick up after the Russian government introduced tax breaks.
NAMES at Lloyd?s are continuing to reap better rewards from the market than the dominant corporates, according to an analysis commissioned from ratings agency Moody?s by the Associa- tion of Lloyd?s Members.
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Share ThisSolid spot market fuels rise in demand
A SOLID increase in clean tanker spot fixing in 2007 is expected to be followed by a further rise in demand this year, according to a leading shipbroker, writes Tony Gray.
Price of litre of petrol tops 1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden.
The pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden.
Market report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen.
Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn.
Henkel, the maker of Schwarzkopf hair products, plans to cut thousands of jobs when it completes its 2.7bn acquisition of ICI’s National Starch adhesives business early next year. By David Gow.
British bus and rail operator says soaring oil price forcing motorists out of their cars and on to public transport. By Dan Milmo.
Outlook at fashion chain Next ‘uncertain’ in run-up to Christmas, company warns. By Julia Finch.
Cable group Virgin Media added 13,000 new customers in the third quarter of the year. By Chris Tryhorn.
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
Record label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans’ demand for MP3 tracks. By Katie Allen.
ITV’s share price fell to an all-time low after it emerged the company wants BSkyB to sell its 17.9% stake. By Chris Tryhorn and Katie Allen.
News Corporation has overridden the wishes of Dow Jones shareholders the Bancroft family by appointing a 27-year-old opera singer with little experience of the media to represent the family on its board, according to reports.
Share ThisMcDonald’s hit by weak US sales
McDonald’s sees latest quarterly profits rise just 3%, as sluggish US sales trailed behind those seen overseas.
King tempers criticism of Darling
King: ‘No disagreement with chancellor’ Authorities knew savers had insufficient protection
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Business Briefing
NAMES at Lloyd?s are continuing to reap better rewards from the market than the dominant corporates, according to an analysis commissioned from ratings agency Moody?s by the Associa- tion of Lloyd?s Members.
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