BAA
Article Abstract:
BAA is an airport operator which saw a drop in its stock price in Oct 1999 and this has continued in 2000. The company has been affected by losing duty-free sales, which has led to confusion among customers and a drop in sales, though price cuts and marketing campaigns have helped to remedy this. The company should benefit from passenger growth and looks likely to obtain permission for Heathrow airport's Terminal 5. Some international activities are being re-appraised, such as a deal with Eurotunnel.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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BAA
Article Abstract:
BAA has used real estate assets to extract value, and overcome problems arising from the end of duty-free sales. Schroder Salomon Smith Barney rates the company's stocks a buy, HSBC rates them an add, and Morgan Stanley Dean Witter rates them neutral.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Fast rise could mean hard landing for TBI
Article Abstract:
TBI was previously known as Thomas Bailey Investments which was reversed into Markheath, a real estate company, in 1994. The company then acquired Molyneaux Estates, also in 1994. Cardiff International Airport was acquired in 1995 and Belfast International Airport was acquired in 1996. The company plans to acquire further airports rather than focus on its existing two airports. Conventional real estate accounts for some half the company's assets, with airports accounting for the other half.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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