March, 2016

• 24 March

  Buoyed by oil dip, Hainan Air profit jumps 16pc

  

  Bloomberg Hainan Airlines Co., the biggest private airline in China, reported a 15.9 percent jump in full-year profit as cheaper oil prices drove down costs and passenger numbers increased. Billionaire Chen Feng’s airline reported net income of 3 billion yuan ($460.6 million) last year compared with 2.6 billion yuan in 2014, the Haikou, Hainan-based company said in a Shanghai stock ...

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• 24 March

  Delta alliance helps Virgin Atlantic double its profit

  

  Bloomberg Richard Branson’s Virgin Atlantic Airways Ltd. almost doubled earnings last year after expanding its pact with 49 percent shareholder Delta Air Lines Inc., hosting more people on holiday packages and benefiting from the drop in oil prices. Pretax profit excluding exceptional items surged to 22.5 million pounds ($32 million) from a restated 12.4 million pounds in 2014, helped by ...

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• 24 March

  TreeHouse aims to refurbish pvt brands with premium products

  

  Reuters TreeHouse Foods Inc has announced it would introduce more premium, healthy snacks and popular drinks to revitalise the struggling private-label business it bought from ConAgra Foods Inc last month. TreeHouse’s $2.7 billion acquisition of ConAgra’s business — its biggest ever — makes it the largest private-label food company in the US, with 2015 pro-forma sales of about $7 billion. ...

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• 24 March

  BHS’ troubles should be a warning for other retailers

  

  Bloomberg BHS, the dowdy department store, will live to fight another day. The struggling privately owned retailer has been given a lifeline after landlords voted to approve a restructuring that would ease its rent burden. The company’s near miss can only partly be seen as consequence of the 15 years it spent under the leadership of retail entrepreneur Sir Philip ...

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• 24 March

  Carrefoursa owners hire Bank of America for offering

  Bloomberg The owners of Turkish supermarket chain Carrefoursa have hired Bank of America Corp. to sell shares in the joint venture to boost the stock’s trading on the Istanbul stock exchange, according to people with knowledge of the matter. The companies haven’t made a final decision about the share sale, said the people, who asked not to be named because ...

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• 24 March

  American Airlines adds profit sharing to end workers’ rift

  

  Bloomberg American Airlines Group Inc. gave in to pressure from employees and adopted a profit-sharing programme, acknowledging the issue was thwarting efforts to improve labor relations and the carrier’s performance. American joins the other large US carriers — Delta Air Lines Inc., United Continental Holdings and Southwest Airlines Co. — in splitting some earnings with employees. Starting this year, 5 ...

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• 24 March

  Nigeria bets on jumbos and springs to woo tourists

  

  AFP A luxury safari is probably not the first thing that comes to mind when potential tourists think of Nigeria but that’s exactly what Yankari Game Reserve is hoping to change. In Africa’s largest economy, suffering from the collapse in global oil prices, tourism is being touted as a panacea to slow growth and a depreciating naira. Leading the charge ...

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• 24 March

  Print now, digital dark ages loom

  

  Justin Fox / bloomberg Read a history that spans times ancient and modern, as I’ve been doing lately, and you encounter a striking shift in the late Middle Ages. Until that point, documentary information is scarce, and narratives must be pieced together from smatterings of written matter and archaeological evidence. Afterward, historians face a growing surfeit of information, and their ...

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• 24 March

  Living the ‘virtual’ reality

  

  RITIKA SHARMA / EMIRATES BUSINESS In this tech-driven age, cloud computing is one of the most innovative mantras that enterprises are using to optimum levels to keep their operations agile and up-to-date in the prevailing ecosystem of cut-throat competition. Also cloud is offering a flexible platform to the companies that are struggling with the problem of handling big data efficiently. ...

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• 24 March

  Offering Next-Gen security solutions

  

  ALKESH SHARMA / EMIRATES BUSINESS Carbon Black leads a new era of endpoint security by enabling organisations to disrupt advanced attacks, deploy the best prevention strategies for their business, and leverage the expertise of 10,000 professionals from IR firms, MSSPs and enterprises to shift the balance of power back to security teams. Only Carbon Black continuously records and centrally retains ...

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