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Travel & Leisure

US airline profits lift on cheaper fuel

Oct 24 2014 10:30

US airlines has given a mostly upbeat outlook on industry conditions after posting large profit increases in the third quarter thanks to strong consumer demand.

Travel & Leisure

Qantas expects to report pre-tax Q1 profit

Oct 24 2014 09:31

Qantas' chief executive says the Australian carrier expects to post a pre-tax profit in the three months to September following a record net loss.

Industrial

Eskom R43m New Age deal stirs controversy

Oct 24 2014 09:20

Eskom interim CEO Collin Matjila has raised eyebrows over a R43m contract to sponsor The New Age's breakfast briefings, according to a report.

Retail

New Tesco boss starts long journey

Oct 23 2014 19:16

New Tesco boss Dave Lewis has unveiled a flurry of small tweaks to Britain's ailing No.1 grocer, but not the big rescue plan many think it needs.

Travel & Leisure

Brown: SAA to consider strategic partner

Oct 24 2014 07:00

Public Enterprises Minister Lynne Brown says she would like SAA to investigate going for a strategic partner.

Travel & Leisure

Tsogo Sun tops lists at two wine auctions

Oct 23 2014 17:57

Tsogo Sun has spent just under R3.2m at two wine auctions this year – the Nederburg and Cape Winemakers Guild auctions.

Industrial

Imperial to take €46m stake in Imres BV

Oct 23 2014 17:16

Imperial Holdings will buy 70% of Imres BV, a Dutch wholesaler of medical supplies, in the hope of expanding its pharmaceutical distribution in Africa.

Travel & Leisure

SAA chair stays, 2 others on board

Oct 23 2014 16:02

Public Enterprises Minister Lynne Brown has decided to stick by Duduzile Myeni as chair of the embattled SAA board despite admitting the airline is struggling.

Industrial

Another top PPC exec quits

Oct 23 2014 17:16

Portland Pretoria Cement has announced that joint managing director Richard Tomes resigned with immediate effect, this shortly after Ketso Gordhan quit as CEO.

Industrial

Caterpillar posts strong quarterly earnings

Oct 23 2014 15:30

US industrial giant Caterpillar has reported sharply improved earnings for the third quarter despite slower global economic growth.

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Industrial

Honda execs taking pay cuts

Oct 23 2014 15:00

Honda Motor says its executives will take salary cuts for three months after the fifth recall in a year of the new Fit hybrid in Japan.

Travel & Leisure

Pilots propose talks with Lufthansa over pay

Oct 23 2014 14:45

The German pilots' union has proposed restarting talks with Lufthansa over pay and early retirement benefits but does not rule out further strikes.

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