The British airport group BAA has ended the fiscal year 2001-02, a decline of 7.7% profit before tax of 505 million pounds in the low end of market expectations. Turnover declined by 1, 8% to 1.87 billion pounds, mainly due to a fall in passenger numbers since September 11 (-2.2% to 121.9 mln). The company [...]

The UK engineering group Invensys has reported a sharp decrease in profits in fiscal 2001-02, due to the restructuring plan launched by the company to reduce the high debt. Operating profit to March 31 fell to 549 million pounds, a decrease of 41% from a year earlier. Turnover in the same period fell by 11% [...]

Fila sportswear company that is part of the portfolio of HDP, expects to close year 2000 with a turnover of around 1 billion euros. At the same time the company is about to give way to an investment plan of 100 billion lire in 5 years to build 40 large stores, including five flagship stores [...]

Continued unstoppable descent of the single currency. The euro is trading at 0.8967 against the dollar in fact (2,157 pound / dollar), while against the yen and 1.0319. The strength of the U.S. economy is the cause of this debacle of the new currency of Euroland.

Tags: Dollar, economy, euro, New, Pound, trading, yen

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