Financial News

(15-Nov-2002) Net profit for Swiss luxury goods group Richemont slipped 5% to ?404m ($396m) in the six month period ending September 30, compared to the same period in 2001, the group said today

(14-Nov-2002) Frankfurt airport group Fraport said this week it is confident a sustainable recovery is now in progress since the traffic collapse of last September

(12-Nov-2002) An important conference has been scheduled for November 19 in Brussels on the subject of the EU Commission ruling on the overcharging of interbank credit card charges for retailers (TRW 24/10/02)

(9-Nov-2002) South African operator Tourvest this week reported a 43% increase in sales from inbound tourists in the financial quarter ended September 30

(8-Nov-2002) Milan-based travel-retail group Autogrill this week posted a third-quarter net profit of ?54.1m ($53.0m), down 12% from a year earlier after one-off charges and currency weakness in the US

(6-Nov-2002) Greek operator Hellenic Duty Free Shops (HDF) today announced a 40% rise in nine month pretax profits to ?31.2m ($30.6m)

(5-Nov-2002) The contribution of BAA retail operations to sales and profits has continued to grow in the company's first half 2002-2003 results just announced

(5-Nov-2002) Dubai Duty Free (DDF) announced today it has set a record monthly sales figure in October of Dhs102.6m ($28.5m)

(30-Oct-2002) Specialist duty-free shopfitting company CIL International has announced its proposed merger with UK-based Anglo Retail Manufacturing

(25-Oct-2002) **EXCLUSIVE** A decision of the European Commission this week has declared unlawful certain charges for cross-border retailers relating to a restrictive "collective price agreement" between VISA's constituent banks