Retail news
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BAA profits up, despite fewer passengers
- Posted:
- 05 May 2009 09:36
Higher charges helped UK airport operator BAA to lift its profits 28% in the first three months of 2009 although passenger numbers fell 10% at its London airports.BAA's figures showed 24.8 million passengers at Gatwick, Heathrow and Stansted - nearly three million fewer than last year due to the impact ...read more
BAA Gatwick deadline today
- Posted:
- 27 April 2009 09:45
Today is the deadline for companies to make an offer for BAA's London Gatwick, the UK's second biggest airport.BAA was ordered to sell the airport by the competition watchdog after an inquiry found that the group's monopoly on UK airports was disadvantaging customers. BAA is expected to receive at least ...read more
BAA ordered to sell three airports
- Posted:
- 19 March 2009 09:31
BAA has been ordered to sell off Gatwick, Stansted and one of its Scottish airports, either Edinburgh or Glasgow, by the Competition Commission. As expected, the watchdog confirmed an earlier decision that the airport operator should be broken up sue to its monopoly of the UK airport market. BAA has ...read more
BAA confirms sale of Gatwick in first half of 2009
- Posted:
- 25 February 2009 09:43
BAA has said that its sale of Gatwick Airport is "progressing on schedule" and that the process was expected to be completed in the first half of 2009. However, the group did not comment on the sale of Stansted. The Competition Commission's final report, due out next month, is expected ...read more
BAA told to sell off three airports by CC
- Posted:
- 17 December 2008 09:43
BAA has been told that it must sell off three of its airports by the Competition Commission. The watchdog said that the airport operator must sell Gatwick, Stansted and Edinburgh airports, although BAA has said that there is no "compelling evidence" that selling off Stansted and Gatwick will increase competition. ...read more
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