Debt costs push Eurotunnel to a loss Eurotunnel has said it is on track to complete its financial restructuring sooner than anticipated and is now ready to start converting investors’ warrants to dividend-paying shares.
The operator of the rail link under the Channel had previously calculated that it would be 2011 before it generated enough earnings to convert the warrants which were issued to investors who took part in the 2007 rescue refinancing.More about: Economy, EurotunnelCopyright © 2012 euronews
Top Stories
Greece: 48-hour general strike over new austerity measures
Greek political leaders have struck a deal on further austerity measures, angering protesters but failing to secure a second…
Syrian troops pound Homs with mortar strikes
Syrian government troops have unleashed a fresh assault on the city of Homs, ignoring Western…
Tahrir marks the anniversary of Mubarak's ouster
Egypt is braced for a general strike on Saturday, the day which marks the one year anniversary of…
Corporate news
Renault’s low-cost Moroccan factory upsets politicians- Pepsi cuts jobs, boosts marketing chasing Coke
- Southern Europe hanging up on Vodafone
- Some shareholders baulk at Glencore-Xstrata merger
- Upbeat forecast from Toyota
- Gloomy outlook from UBS
- Boeing plays down 787 delamination problem
- Mitsubishi puts the brakes on European production
- Panasonic joins Sony and Sharp in sea of red ink
- Debt grounds Hungary’s Malev
euronews on facebook
