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16/08/2001
Bidding war for TBI develops following Vinci offer
TBI, which controls numerous airports throughout the world including Belfast International Airport, is poised to become the target of a takeover war, following a bid from French construction giant Vinci.
While dismissing Vinci’s £515m bid as "opportunistic" and inadequate, TBI revealed that Vinci's warning on Tuesday that an offer was on the cards had prompted "a number" of other firms to consider bidding.
TBI revealed that its board was now considering “these expressions of interest” with a view to maximising value for its shareholders. As a result of this statement TBI’s shares rocketed 50 per cent on Tuesday.
This is in stark contrast to August when TBI shares slumped by one third in a week, after it was revealed that bmi British Midland was to withdraw Heathrow and East Midlands services from Belfast International, a move which it is estimated will cut airport revenue by up to £6m a year. (MB)
While dismissing Vinci’s £515m bid as "opportunistic" and inadequate, TBI revealed that Vinci's warning on Tuesday that an offer was on the cards had prompted "a number" of other firms to consider bidding.
TBI revealed that its board was now considering “these expressions of interest” with a view to maximising value for its shareholders. As a result of this statement TBI’s shares rocketed 50 per cent on Tuesday.
This is in stark contrast to August when TBI shares slumped by one third in a week, after it was revealed that bmi British Midland was to withdraw Heathrow and East Midlands services from Belfast International, a move which it is estimated will cut airport revenue by up to £6m a year. (MB)
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14 November 2024
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
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14 November 2024
Traffic Warning For South Belfast Ahead Of Northern Ireland Match
Road users are advised to plan for potential traffic delays in the south Belfast area on Friday, 15th November due to the UEFA Nations League football match between Northern Ireland and Belarus. The match will take place at Windsor Park, kicking off at 7.45pm, and it is expected that around 18,000 supporters will attend.
Traffic Warning For South Belfast Ahead Of Northern Ireland Match
Road users are advised to plan for potential traffic delays in the south Belfast area on Friday, 15th November due to the UEFA Nations League football match between Northern Ireland and Belarus. The match will take place at Windsor Park, kicking off at 7.45pm, and it is expected that around 18,000 supporters will attend.
15 August 2001
Foreign bid for Belfast International Airport’s parent
French construction firm Vinci are believed to have made an offer for leading airport operator TBI. If the move is successful it will mean that a foreign company will own Belfast International Airport, which is a part of the TBI group, for the first time.
Foreign bid for Belfast International Airport’s parent
French construction firm Vinci are believed to have made an offer for leading airport operator TBI. If the move is successful it will mean that a foreign company will own Belfast International Airport, which is a part of the TBI group, for the first time.
24 September 2001
Future of Belfast International airport remains unclear
A further slump in the share price of TBI, the company that owns Belfast International Airport has cast doubt on a potential takeover of the airport. The share price of TBI dropped to 52p on Monday September 24 from a high of £1 when the report of a £515 million take over was revealed in mid August.
Future of Belfast International airport remains unclear
A further slump in the share price of TBI, the company that owns Belfast International Airport has cast doubt on a potential takeover of the airport. The share price of TBI dropped to 52p on Monday September 24 from a high of £1 when the report of a £515 million take over was revealed in mid August.
01 June 2010
Ryanair Profits 'Flying' By 200%
Ryanair - which flies from George Best Belfast City and the City of Derry Aiport in NI - has today announced full year profits of €319m, an increase of over 200% on last year's results. Announcing the results, the budget flyer said it is proposing to pay a one-off dividend of €500m equal to €0.
Ryanair Profits 'Flying' By 200%
Ryanair - which flies from George Best Belfast City and the City of Derry Aiport in NI - has today announced full year profits of €319m, an increase of over 200% on last year's results. Announcing the results, the budget flyer said it is proposing to pay a one-off dividend of €500m equal to €0.
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Northern Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
