Financial News

(24-Jul-2008) Strong duty-free growth helped the liquor company’s sales in the 2007/08 financial year to rise by 2.3% to €6.59bn ($10.3bn)

(18-Jul-2008) The airport has earned one-off income of A$5m ($4.9m) after renegotiating its duty-free contract with The Nuance Group

(17-Jul-2008) GMR reveals that the 20-year retail contract will cover about 80% of the price the consortium paid to manage the airport

(16-Jul-2008) Lower risk, a broad concept portfolio and category expertise are three factors cited by Autogrill as it explains how its travel-retail triumvirate will benefit landlords

(3-Jul-2008) The European Commission has approved the acquisition of Scandinavian Tobacco’s cigarette business

(27-Jun-2008) Benefits include bonus air miles on inflight retail purchases and entry to a prize draw to win 1m Cathay air miles

(23-Jun-2008) Operators should be able to negotiate lower credit card fees after MasterCard suspended its Multilateral Interchange Fee last week

(28-May-2008) The Spanish owner of BAA is to sell the airport it acquired five years before it bought the UK airport authority

(28-May-2008) The duty-free retailer’s sales were up 113.4% to €113.4m ($178.4m) in the first three months of the year

(28-May-2008) Declining income from landside stores, car parking, car rental and foreign exchange outweighed growth from airside speciality stores, advertising and World Duty Free in the first quarter