Bloomberg MTN Group Ltd. will consider raising its full-year dividend above forecasts if business conditions improve after the settlement of a record fine in Nigeria led to the first-ever half- year loss at Africa’s biggest mobile-phone carrier. The company will consider a higher full-year payout than the forecast 7 rand-a-share “if operating conditions improve materially,†the Johannesburg-based carrier said ...
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Deliveroo raises $275mn to up food-delivery wars
Bloomberg Deliveroo, a London-based maker of an app for ordering take out, announced it has raised $275 million to fuel growth and take on well-funded competitors. The deal values Deliveroo at more than $1 billion, according to a person familiar with term sheet who asked not to be named as the deal is private. The same figure is also ...
Read More »Apple can sell power as tech giants boost investments
Bloomberg Apple Inc., which is spending $850 million on a 130-megawatt solar farm near San Francisco over 25 years, can begin selling power into wholesale markets in the latest foray by a technology company into the energy business. Apple’s subsidiary Apple Energy LLC may sell energy, capacity and other services needed to maintain reliable power, according to an order ...
Read More »Flight 370 course was on pilot’s simulator, confirms Malaysia
KUALA LUMPUR / AP Malaysia acknowledged for the first time that one of the pilots of Malaysia Airlines Flight 370 had plotted a course on his home flight simulator to the southern Indian Ocean, where the missing jet is believed to have crashed. Australian officials overseeing the search for the plane last month said data recovered from Capt. Zaharie ...
Read More »Air Berlin to make European premium push in bid to end losses
Bloomberg Air Berlin Plc is introducing business-class seats in Europe in a push to position the airline in a more lucrative segment of the market following years of losses. The carrier will begin reserving the first row of German and European flights later this year for premium customers, who will enjoy priority check-in and boarding, fast-lane security and lounge access ...
Read More »Qantas Airways no more needs remaining eight A380 on order
Bloomberg Qantas Airways Ltd. said it doesn’t want the remaining eight A380s it still has on order because the dozen it operates now are sufficient to meet demand, further dimming future sales prospects for the largest passenger plane that’s struggled to find buyers. “Our intention is that we’re not taking those aircraft,†Qantas Chief Executive Officer Alan Joyce said ...
Read More »Aging workforce puts strain on ‘skilled workers’
CONCORD /Â AP In a small town just south of New Hampshire’s capital, General Electric runs two plants filled with workers building jet engines for the world’s leading airlines. With 800 workers, GE Aviation is the largest employer in town. But in the next five to 10 years, about a third of those workers are expected to retire. The company ...
Read More »San Francisco tech surge spurs building boom
Bloomberg For real estate developers such as Jeff Peterson, losing construction workers who can hang drywall, install plumbing and pour concrete in the San Francisco Bay area has become routine. “Guys are literally going to jobs and saying to the concrete crew, ‘Hey, what are you making per hour?’†said Peterson, a purchasing director at Trumark Cos., a San ...
Read More »US farmland prices fall $10 an acre in first drop since 2009
Bloomberg US farmland values in 2016 dropped for just the second time in almost three decades after grain and soybean prices extended a slump, eroding grower profit and capping a decade-long boom when land costs jumped 65%. Farmland values in the lower 48 states, including land used for crops and for livestock, declined $10 to $3,010 an acre, the ...
Read More »UK house prices slide by most in five months
Bloomberg U.K. house-prices fell by the most in five months after Britain’s decision to quit the European Union, although it’s still too early to tell how much Brexit has damped the market, Halifax said. Prices dropped 1 percent in July, the biggest slide since February, reversing a 1.2 percent gain in June, the mortgage lender said in a statement ...
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