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Tabreed surpasses 1mn RT of cooling capacity

  Abu Dhabi / WAM The National Central Cooling Company (Tabreed) announced that it has now surpassed 1 million Refrigeration Tons (RT) of cooling capacity. Jasim Husain Thabet, Tabreed’s CEO, said, “This is a significant milestone to celebrate for our company and our customers, and we are proud to deliver our services to such an iconic theme park in the region. ...

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Ryanair finally bows to Brexit with cut to profit guidance

  Bloomberg Ryanair Holdings Plc cut its profit guidance as the slump in the pound following Britain’s vote to quit the European Union weighs on fares, after previously holding out against a revision. Net income in the year ending March 31 will increase by about 7 percent rather than the 12 percent previously estimated as sterling’s slide has a bigger ...

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Tesco gains UK market share

  Bloomberg Tesco Plc’s share of its home market grew for the first time in five years, providing further evidence that Chief Executive Officer Dave Lewis has gotten the U.K.’s biggest grocer back on track. Tesco’s sales in the 12 weeks to Oct. 9 rose 1.3 percent, according to researcher Kantar Worldpanel. The Welwyn Garden City, England-based retailer was the ...

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