Financial News

(14-Oct-2003) Airports Authority of India is to allow direct foreign investment in duty-free outlets for the first time

(26-Sep-2003) Alpha Airports Group today announced a 1% growth in sales to £213.7m ($338m) for the first half of 2003, a performance boosted by growth of over 8% across its retail operations

(24-Sep-2003) Canada's airports have reported first-half sales of over C$71m ($51.8m), down less than 2% on the same period in 2002

(23-Sep-2003) The Civil Aviation Authority of Singapore is to provide an extra $6m relief for Changi airport concessionaires by reducing electricity rates by more than 20%

(23-Sep-2003) Dubai Duty Free sales rose 27% in August over the same month last year, and are running 19% ahead of 2002 sales to date this year

(13-Sep-2003) Chairman and ceo Bernard Arnault praises growth in the Selective Retail division while cutbacks in Asian travel continue to hinder progress at DFS Group

(2-Sep-2003) Auckland International airport has announced strong results for the full year ended June 30 2003, with profit reaching NZ$83.5m ($48.5m) despite the Bali bombing, SARS and the Iraq conflict.

(30-Aug-2003) Turnover at Spanish duty-free and travel-value retailer Aldeasa grew to Eu270.1m ($306.9m) for the first six months of 2003, an increase of 3.3% on the same period in 2002.

(22-Aug-2003) An improvement in retail sales at Copenhagen Kastrup airport has offset a downturn in passenger numbers to help airport authority Copenhagen Airports achieve a 12% year-on-year profit increase for the first half of 2003.

(7-Aug-2003) Pernod Ricard has reported organic growth of 8% in the first half of 2003, with global sales of wines and spirits reaching Eu1.5m ($1.7m) despite difficult conditions in many markets, including Asian duty-free.