British Airways yesterday joined the campagin for radical restructuring of BAA by urging for separate ownership of Heathrow and Stansted.
BA is the largest of several airlines to call for BAA to be broken up. Its demand will increase the likelihood that the Office of Fair Trading will refer the industry to the competition commission The Times
Shares in contractor John Laing suffered their biggest one-day fall in almost five years yesterday after the group revealed its railway business had plummeted into the red during the first half of the year and was likely to make even greater losses over the coming months. The poor result was driven by a loss of customers on the company's Chiltern Railways line after the collapse of a tunnel at Gerard's Cross, and the subsequent closure of the route for seven weeks over the summer. Pre-tax profits for the Laing group as a whole were down more than 10% to £12.3M for the first half of the year. Shares in the company fell almost 9% to 265p, giving it a market value of about £620M The Independent
Two of the world's leading architects Sir Richard Rogers and Zaha Hadid are on the shortlist for this year's Stirling Prize for British architecture. Neither have won the £20,000 award previously. The shortlisted structures are; Brick House, London; Evelina Childrens Hospital, London; Idea Store, Whitechapel; National Assembly for Wales, Cardiff; New Area Terminal, Barajas Airport, Madrid and the Phaeno Science Centre, Wolfsburg, GermanyThe Financial Times