Financial News

(8-Mar-2003) Following yesterday's announcement that DFS Group had broken even in 2002, Moet Hennessy-Louis Vuitton (LVMH) chairman Bernard Arnault has told reporters he will wait until profits improve before deciding whether or not to sell the chain

(7-Mar-2003) Moet Hennessy-Louis Vuitton (LVMH) has declared 2002 an "excellent" year, with net income from current group operations more than double the previous year's total at ?818m ($880m)

(7-Mar-2003) The International Air Transport Association (IATA) has criticised the UK Civil Aviation Authority's decision to approve increased landing charges at BAA's London Heathrow International airport, calling it "excessive and unacceptable"

(6-Mar-2003) Cyprus Airways has announced strong growth in 2002 on the back of an impressive performance from its duty-free division

(5-Mar-2003) Auckland International Airport Ltd has announced a 13.1% increase in profit, to A$39.7m ($24m) for the second half of 2002

(1-Mar-2003) A strong performance from its UK retail arm helped Alpha Airports Group profits rise 14.8% for the year to January 31

(28-Feb-2003) Franco-Spanish tobacco supplier announced strong growth in 2002, with profit up 14.5% to ?435m ($473m) despite a difficult duty-free trading environment

(28-Feb-2003) Aldeasa, the Madrid-based duty-free and travel-retail operator, has announced 2002 net profits of ?22.1m ($24m), down 12.4 % on the previous 12 months

(26-Feb-2003) Schiphol Group has posted a net profit of ?141m ($153m) for 2002, compared with ?191m ($208m) in 2001

(25-Feb-2003) Tourvest Investment Corporation has announced strong interim results for its retail operation, including its inflight duty-free business, despite margin erosion caused by the strong South African rand