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111 Resources for

eurotunnel

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Eurotunnel board urges investors to back rescue plan
PARIS AFP — Eurotunnel, the troubled operator of the Channel Tunnel, on Thursday urged shareholders to accept a rescue plan as it seeks to escape possible liquidation. Eurotunnel's board recommended that shareholders accept a share swap under which they would receive one share in the entity's new holding company,...
Tags: Agence France-Presse, board, FINANCE, investor, liquidation, Paris, shareholder, swap
Research articles 2007-04-05
Eurotunnel sees light at the end of 20 years of deep debt
PARIS AFP — Eurotunnel, which operates the Channel Tunnel between Britain and France, has unloaded half its crushing debt after 20 years by creating a new group freed from the threat of liquidation. A public share swap offer by Eurotunnel has succeeded, the French financial market regulator said Friday,...
Tags: Agence France-Presse, FINANCE, financial, liquidation
Research articles 2007-05-25
EUROTUNNEL: DUTY-FREE SALES ROW REFERRED TO EU COURT OF JUSTICE
Summary: The Paris commercial court decided on November 27, to refer a case on unfair competition brought by Eurotunnel to the European Court of Justice. Eurotunnel lodged a complaint on June 12, demanding compensation for loss of trade to the French ferry operator SNAT, which Eurotunnel...
Tags: European Court, Paris, SALES
Research articles 1995-12-12
EIB - EIB accepts Eurotunnel Share Exchange Offer.
PRESS RELEASE Luxembourg, 9 May 2007 EIB accepts the share exchange offer in support of Eurotunnel's restructuring plan In the interest of transparency, the European Investment Bank is today announcing its own decision in respect of the Eurotunnel share...
Tags: European Investment Bank
Research articles 2007-05-09
Sinking Eurotunnel presents secret proposals to British government
LONDON AFP ? Eurotunnel, the ailing private Channel tunnel operator, has presented recovery proposals to the British government but their contents were being kept secret, a transport ministry spokesman said. "We had preliminary proposals from Eurotunnel and we are still waiting for them all and they are all commercially...
Tags: Agence France-Presse, FINANCE, spokesman
Research articles 2004-02-09
Dim light at the end of Eurotunnel
PARIS AFP ? The fate of Eurotunnel, the debt-ridden private Channel tunnel operator, remained dim, though a glimmer of hope came as France gave it the first foreign licence to carry freight under EU open-market regulations. That good news was offset however, by Merrill Lynch's downgrade of Eurotunnel shares...
Tags: Agence France-Presse, Government, Merrill Lynch & Co. Inc., ministry, Paris, regulation, Regulations, SOFTWARE
Research articles 2004-02-13
Former Eurotunnel chief Morton dies at 66
LONDON AFP ? Sir Alastair Morton, who as co-chairman of Eurotunnel was a driving force behind the building of a rail tunnel beneath the English Channel, has died, a Eurotunnel spokesman said. Press reports said Morton, aged 66, who lived in London, died of a heart attack. Born...
Tags: Agence France-Presse, Banking, Britain, London, Sir, spokesman, Strategy
Research articles 2004-09-03
Eurotunnel sales rise two percent in first half
PARIS AFP — Channel tunnel operator Eurotunnel said it had raised sales in the first half of this year by 2.0 percent from the equivalent figure last year to 393 million euros (472 million dollars). The increase was driven by a rise in business on its passenger shuttle service....
Tags: Agence France-Presse, SALES
Research articles 2005-07-11
Eurotunnel shares suspended: Euronext
PARIS AFP — Eurotunnel, which operates the Channel tunnel, has said it was trying to work out a debt restructuring deal with creditors and banking groups Goldman Sachs and Macquarie. Eurotunnel said that the talks were intended to solve for good its debt of 9.0 billion euros (11.6 billion...
Tags: Agence France-Presse, Banking, creditor, FINANCE, financial, Goldman Sachs Group Inc.
Research articles 2006-05-15
Eurotunnel, creditors resume last-ditch debt talks
PARIS AFP — Eurotunnel and its creditors held last-ditch talks to cut and reschedule massive debt before the possible launch of bankruptcy procedures. The meeting had been expected to produce a result before midnight but a spokesman for Eurotunnel told AFP the deadline had been set back to Thursday...
Tags: Agence France-Presse, bankruptcy, creditor, FINANCE, Litigation
Research articles 2006-07-12
Eurotunnel reports higher sales, warns about debt problem
PARIS AFP — Eurotunnel, the operator of the Channel Tunnel linking France and Britain, has reported a slight rise in sales but warned again that a solution was urgently needed to its debt problem. Eurotunnel was granted protection from its creditors by a French court in August and is now...
Tags: Agence France-Presse, creditor, SALES
Research articles 2006-10-16
Regulator warns over surging Eurotunnel shares
PARIS AFP — A dizzying surge in the price of Eurotunnel shares eased on Thursday as the French market regulator warned investors and traders that the sharp rise had been "atypical." Eurotunnel shares in mid-day deals here were up 9.43 percent at 1.48 euros in an overall market that...
Tags: Agence France-Presse, Government, Regulations, regulator
Research articles 2007-05-31
New Eurotunnel shares plummet
PARIS AFP — New shares in the restructured operator of the Channel tunnel rail link between Britain and France, Groupe Eurotunnel, fell by more than 35 percent on Monday, their first day of trading. The company announced last Friday that it had completed its restructuring after agreeing a deal...
Tags: Agence France-Presse, FINANCE, Investment, Paris
Research articles 2007-07-02
New Eurotunnel shares plunge on first day of trading
PARIS AFP — New shares in the restructured operator of the Channel tunnel rail link between Britain and France, Groupe Eurotunnel, fell by more than 41 percent on Monday on the first day of trading. The company announced last Friday that it had completed its restructuring after agreeing a...
Tags: Agence France-Presse, FINANCE, Investment, Paris, stock
Research articles 2007-07-02
Ti Logistics Briefing & News: Eurotunnel to cut freight rates.
M2 PRESSWIRE-5 July 2007-Transport Intelligence Ltd: Ti Logistics Briefing & News: Eurotunnel to cut freight ratesC1994-2007 M2 COMMUNICATIONS LTD RDATE:05072007 Comments made by the senior management of Eurotunnel about the possibility of introducing a new fee structure for rail freight passing...
Tags: Airbus S.A.S., Britain, France, logistics, Texas Instruments Inc.
Research articles 2007-07-05
Taylor Woodrow hits back at Eurotunnel Eurotunnel
The dispute between Eurotunnel and its contractors flared up again yesterday as Colin Parsons, chairman of Taylor Woodrow, lashed out at renewed threats of legal action by the tunnel operator against Trans Manche Link, the contractors' consortium. "This is a ridiculous way to finish a major infrastructure project,"...
Tags: Taylor Woodrow Plc.
Research articles 1995-09-20
Abbey and Eurotunnel in [pounds sterling]345m leasing deal.
Abbey National has sold its aircraft and water-plant leasing business to Eurotunnel for more than pound sterling345m ([euro]538m), as part of its strategy to refocus on core UK personal financial services.Eurotunnel, operator of the Channel Tunnel, has paid pound sterling61m in cash and made loan repayments...
Tags: Abbey National Plc.
Research articles 2002-12-23
Down in the mouth.(financial woes at Eurotunnel; Hollywood; Royal Dutch/Shell; Conoco; aviation industry)(The World In 1995 - Business and Finance)(Brief Article)
Eurotunnel suspended interest payments on pounds7.8 billion ($12.1 billion) of its pounds 8.5 billion of debts while it tried to devise a refinancing scheme with its 225 banks. The company was hit by delays in bringing its cross-channel shuttle to capaEurotunnel suspended interest payments on pounds7.8 billion...
Tags: ConocoPhillips Co., finance, financial
Research articles 1995-12-23
Le shuffle. (the Eurotunnel's Le Shuttle had a 24% increase in traffic in June 1995; there are rumors that BMW may merge its jet-engine business with Daimler-Benz)(Brief Article)
Eurotunnel's Le Shuffle chalked up a 24% increase in car traffic in June over the previous month, carrying more than 100,000 cars under the English Channel. But the service, and its passenger equivalent, Eurostar, have also been plagued ... Eurotunnel's Le Shuffle chalked up a 24%...
Tags: BMW AG
Research articles 1995-07-08
Travel plans.(Eurotunnel market share; Kirk Kerkorian recruits Jerome York to aid in new bid for Chrysler Corp.; Iberia's problems in cutting costs; trade investigation of Japan's car-parts industry)(Brief Article)
Eurotunnel said it carried 143,577 cars between France and Britain in August, making it the market leader with a 39% share of cross- Channel car traffic--compared with 31% for its main rival, P&O, a British ferry company. P&O disagrees with theEurotunnel said it carried 143,577 cars between...
Tags: Chrysler LLC
Research articles 1995-09-09
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