Tuesday, 18 September 2007

Easyjet's outcry

Easyjet, the budget airline today urged scrapping Air Passenger Duty and to replace it with a tax based on aircraft types and distance travelled. The no-frills airline said it covered its environmental costs more than four times over and aviation should not be green rolled into accepting higher taxes. (source: The Londonpaper)

Harry Potter and the Deathly Hallows has helped Bloomsbury boost revenues up to 36.5% to £51.4 million, with pre-tax profits 8.5% lower at £3.9 million. Broker Dresdner Kleinworth said "with cash balances rising rapidly as Harry Potter receipts come in, and the share price below 170 pence, it will be interesting to see if the company looks to buy back shares" (source: The Londonpaper)

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