Financial News

(4-Feb-2003) BAA has announced encouraging results for the third quarter 2002-2003

(1-Feb-2003) Greek operator Hellenic Duty Free Shops has announced that profits for the year 2002 grew by over a third from the previous year

(30-Jan-2003) Grupo Aeroportuario del Sureste (ASUR), operator of Cancun airport and eight others in south-east Mexico, has announced a 44% increase in duty-free sales for the year ended December 31, 2002

(24-Jan-2003) LVMH, Moët Hennessy Louis Vuitton today announced consolidated sales for 2002 of ?12.7bn ($13.5bn), a rise of 4% over 2001 following accelerated growth in the final quarter

(18-Jan-2003) Greek operator Hellenic Duty Free Shops recorded a 54m ($57m) pre-tax profit for 2002, a 35% year-on-year increase, according to preliminary results announced mid-January

(19-Dec-2002) Dubai Duty Free has announced that sales for the year to date have reached Dh1bn ($273m) two weeks ahead of forecast, and are likely to finish the year with 20% year-on-year sales growth

(14-Dec-2002) According to Italian press reports, French luxury goods supplier LVMH Moet Hennessy-Louis Vuitton is considering a takeover bid for Italian jeweller Bvlgari

(12-Dec-2002) United Airlines has filed for bankruptcy under chapter 11 of the US Bankruptcy Code, following a failed attempt to secure a $1.8bn US government loan guarantee

(10-Dec-2002) The world's second largest airline United Airlines is struggling to stay afloat and has filed for bankruptcy in a US court today, marking the travel industry's biggest corporate collapse to date

(6-Dec-2002) **EXCLUSIVE** Bonardo Travel Retail (BTR) managing director Alain Bonardo has declared himself "betrayed, shocked and surprised" by the decision of Swiss Delice Ltd to terminate its agency contract with immediate effect on November 29