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Business news in brief: Biteback Media | BAE | Ryanair | Twinkies

BITEBACK Media, publisher of Total Politics magazine, has acquired publishing and events company Holyrood Communications for an undisclosed sum from publisher Hamish Miller.

The Scottish company publishes several magazines, including the fortnightly current affairs title Holyrood, which was launched in 1998 following devolution. It also runs over 40 public policy conferences annually.

Mason steps down from BAE board

Defence giant BAE Systems yesterday confirmed that Sir Peter Mason will step down as its senior independent director in January, having served on the board since 2003.

He will be replaced by Nick Rose, who until October 2010 was chief financial officer of drinks group Diageo and joined the BAE board two years ago.

Ryanair: EU faces discrimination case

Ryanair expects the European Union to face legal action over its freeze on carbon emissions charges for flights from outside the EU, saying it discriminates against short-haul carriers.

The EU this week said it would freeze for a year its rule that all airlines must pay for their carbon emissions for flights into and out of EU airports, but flights within the EU will still have to pay for their carbon emissions.

Twinkies firm to go out of business

The maker of the iconic US snack Twinkies is going out of business and laying off all of its 18,500 workers after a national strike crippled its operations.

Hostess Brands, founded in 1930, file a motion in bankruptcy court to unwind its business and sell its brands after thousands of workers went on strike over a contract offer that cut wages and benefits. Chief executive Gregory Rayburn said all its staff will lose their jobs, “some sooner than others.”

 

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