Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Wednesday, 11th December. Please refresh for updates.
- The bad news continues at Global Ports Holding (LON:GPH), which said it now expects full-year EBITDA to fall by around 5% after another weak quarter for its commercial ports.
- The company, whose shares have lost two-thirds of their value in the last two years, said revenue from its commercial ports fell 22% on the year to $14.7 million, a drop that was only partly offset by a 17% rise in cruise revenue to $22.2 million.
- It said the cruise business is performing well, having recently opened cruise port operations in the Bahamas and Antigua that will see cruise become the more important of the group’s divisions.
Heathrow Airport said it had had its busiest November ever, with passenger numbers rising 2.0% to 6.234 million despite flight movements dipping 0.1% to just under 38,000.
The airport said that the expansion of north American routes, which were particularly busy over the Thanksgiving weekend, was chiefly responsible.
The cargo business was weaker, with tonnage volumes falling 8.6% on the year to 134,328.