Business news in brief: Wagamama | Thomas Cook | Empire State Building

Share this article
0
Have your say

Wagamama – The Japanese–inspired restaurant chain is opening in Edinburgh’s Ocean Terminal shopping centre after a lease was signed for a 3,000sq ft unit.

• Craig Group – Grampian Sceptre, the Aberdeen–based firm’s latest platform supply vessel, has been launched at Spain’s Balenciaga shipyard. The company is spending £50 million on the vessel and its sister ship, the Grampian Sovereign.

• Thomas Cook – The holiday group is to lease six Airbus jets from General Electric’s aircraft leasing unit as part of its fleet renewal programme.

• De La Rue – Order delays and tough market conditions pushed revenues at the banknote printer down 8 per cent to £484m last year. Profits rose 2 per cent to £59m and the firm raised its cost–cutting target for the current year by £10m to £40m.

• Empire State Building – The iconic Manhattan skyscraper is set to become a publicly traded company after 80 per cent of unit holders approved a plan to form and float a real estate investment trust.

• Smithfield Foods – China’s Shuanghui International said it would buy the world’s largest pork producer for $4.7 billion (£3.1bn) in cash to help satisfy growing demand for the meat in its home market – but the plan has yet to be approved by highly protective regulators in the United States.