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Corporate governance

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

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Heathrow's T5 was "the right move"

by Kate Pritchard - Wednesday, 14th May 2008 -

Heathrow's T5 was "the right move"

Despite the public backlash, the 20,000 pieces of lost luggage and hundreds of cancelled flights, Asian entrepreneur Surinder Arora says the government was right to give British Airports Authority its blessing to expand Heathrow airport.

Arora is one of the richest entrepreneurs in the UK, worth a whopping £225m.

It was his company, Arora International, that won the bid to build Terminal Five’s only hotel – an impressive feat given that he was pitching against the likes of The Marriott, The Hilton and InterContinental.

“Do I agree with the expansion of Heathrow airport? People will think I’m biased because of my business, but the answer is yes,” says the 48-year-old.

“Heathrow airport was built for 40 million passengers and it carries 68 million passengers a year on two runways. It’s running over its capacity and that causes ‘traffic jams’ in the skies.

“Most of the flights that come into Heathrow end up in a stacking system for ten to 20 minutes. They burn more fuel, which means more contamination.

“Look at Dallas airport. It carries the same number of passengers as Heathrow but has six or seven runways. From a safety point of view, and to remain a world leader, it needed to expand.”

While most entrepreneurs are tightening their belts and laying off staff, Arora has just recruited another 300 employees to work at his T5 hotel. That means he now has “north of 1,000 people” under his command.

BUSINESS NEWS >>

Senior care franchise fills gap in market

By Catherine Woods - October 10, 2008 3:21pm GMT

Trevor Brocklebank and his wife, Sam, bought the UK franchise for alternative care business Home Instead Senior Care after struggling to find appropriate services for his ailing grandfather.

Stop press: Sir Alan Sugar's bought into Woolies

By Rebecca Burn-Callander - October 10, 2008 2:36pm GMT

Amstrad founder and Apprentice star Sir Alan Sugar today acquired a four per cent stake in the ailing Woolworths chain.

Testing is crucial for new social networking site

By Catherine Woods - October 10, 2008 12:34pm GMT

Social networking site Wigadoo.com wants to make it easier for friends to organise social events when there’s money involved – from holidays to hen parties.

Does the Lightning car have electric appeal?

By Kate Pritchard - October 10, 2008 11:46am GMT

It scorches from 0-60mph in less than four seconds, its batteries can be charged in ten minutes and you can imagine James Bond sitting behind the wheel. But will the über-stylish electric Lightning car ever make money?

The financial market today

By Rebecca Burn-Callander - October 10, 2008 10:47am GMT

Share prices tumble further. Brown calls for global support for failing banks. And Pesto thinks its only going to get worse.


BUSINESS COMMENT >>

Playing monopoly with Alistair Darling

By Rebecca Burn-Callander - October 10, 2008 5:11pm GMT

It's Friday afternoon and RB's eyes are bleeding from frantically watching the rise and tumble of the financial markets today. To give our peepers, and yours, a well deserved break from doom and gloom, check out today's funnies from NewsBiscuit.

Market crisis: the Real Business bargepole ten

By Stuart Rock - October 10, 2008 1:53pm GMT

The market crisis has some big losers.

Global financial crisis: what next?

By Catherine Woods - October 09, 2008 11:31am GMT

I received a text from an investment banker friend this morning who, it has to be said, is master of the understatement.

Interest rates: the reaction

By Catherine Woods - October 08, 2008 4:03pm GMT

Was today’s global interest rates cut “one of the big, pivotal moments for the economy”?

Why I love being British...

By Rebecca Burn-Callander - October 08, 2008 2:01pm GMT

The financial markets are in turmoil. It's the worst banking crisis since the 1930's. A cloud of doom hangs over our fair nation. But some people still have the balls to have a little joke about it all.


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