Financial News

(22-Feb-2003) Operators on Canada's land border saw total sales rise by 12.7% in 2002 compared to 2001, as retail revenues hit C$225.8m ($144.7m)

(18-Feb-2003) Hellenic Duty Free Shops' (HDFS) majority shareholder has accepted a bid for 40% of the retailer from Greek jewellery supplier Folli Follie

(18-Feb-2003) Melbourne International airport has seen a 74% rise in retail revenues since the airport's privatisation in 1997, according to authority Australia Pacific Airport Corporation

(15-Feb-2003) Aeropuertos Argentina 2000 (AA2000) and InterBaires, airport operator and duty-free concessionaire in the principal airports in Argentina are locked in a legal dispute over the future of InterBaires' duty-free business in the country

(15-Feb-2003) Osaka Kansai International airport operator Taihoh Global is to merge with its sister company Kansai International Airport Industry Co (KAI), effective from March 1

(13-Feb-2003) Greek operator Hellenic Duty Free shops has announced improved sales of E10.7m ($11.4m) in January - a 19% increase on the same month last year, further improving the outlook for the company

(11-Feb-2003) British Airways has announced a pre-tax profit of £355m ($571.6m) for the nine months to December 31

(8-Feb-2003) Brazil's top two airlines, Varig and Tam, may merge as they seek to reduce heavy debts and survive the tough trading environment

(6-Feb-2003) Alpha Airports Group's latest trading update reports a rise in duty- and tax-free sales of 11% in the year to January 31, compared to the previous year

(5-Feb-2003) Dubai Duty Free's (DDF) record-breaking sales run has continued into 2003, with January sales up 33% on the same month last year, at Dh108.4m ($30.1m)