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’Snap news
Breaking pre-market news on Thursday,
- Cable & Wireless Worldwide warns of no growth in 2011/12 –statement.
- Next warns autumn/winter prices will have to rise 8-10 per cent; outlook more challenging;
BAA’s Whitemare before Christmas
Some Monday morning hubris, courtesy of London Heathrow-operator BAA.
Heathrow’s army of snow ploughs stretch their wings as snow bites
29 November 2010
The cold snap may have only just bitten but Heathrow’s snow team has been working for months to ensure the UK’s hub airport will once again be prepared for the onset of winter.
RABid BAA
BAA, owner of London’s Heathrow airport, has just released its first-quarter results. They are not pretty.
The debt-laden airport-operator, currently under regulatory orders to dispose of its two other London airports,
Land grab
Something of an obstacle has appeared in BAA’s plans to build a third runway at London’s Heathrow airport.
From The Guardian:
Land earmarked by Heathrow owner BAA to build a third runway has been bought by a group of celebrities,
That BIG debt issue from BAA reportedly set for March
It promises to be the biggest refinancing of its kind and may well attract the very highest credit rating — which is not bad for a company currently struggling under a debt pile that has left its estimated net interest cover at just 1.3 times.