THE DAILY BRIEFING
HIGH FLYERS A record 7.5m passengers travelled through Heathrow last month – up 2pc on last year. The airport said August was the second busiest month in its history as passengers booked flights to the Middle east, Latin America and China.
BEAN COUNTING Former Shell and BG Group executive John hadfield, 42, is joining Kaz Minerals as finance chief. now in the same job at product testing firm Intertek, he will move to the Kazakhstanfocused miner in november.
BRIGHT SALES energy efficient lighting maker Luceco says revenue has jumped 25pc to £75m over the first six months of the year and it is ploughing investment into its lowcost manufacturing centre in China. LeD lighting sales grew by 22.4pc, wiring accessories by 13.6pc, and portable power by 52.2pc. It expects full-year results to be in line with market expectations.
OIL EXIT The executive director of AIM- quoted Mongolian oil explorer Petro Matad is stepping down. The company said Amarzul Tuul would remain as a consultant and as the firm’s representative on the Mongolian Petroleum exploration and Production Association.
ENERGY BID engineer Rolls Royce and partners including Amec Foster Wheeler are urging ministers to back small-modular nuclear reactors. They say the technology could produce energy for £60 per megawatt hour – about £30 cheaper than the hinkley Point power plant under construction. Rolls-Royce is leading a consortium bidding for government funding to develop the technology.
FARM BOOST Renewable energy company Dong Energy has won a contract for the second phase of its wind farm off the coast of Yorkshire – for a guaranteed price of £57.50 per megawatt hour, 50pc lower than guarantees for wind power two years ago. It is already building phase one of the hornsea project, which will be the world’s largest offshore wind farm. SHOE IN Supermarket giant Sainsbury’s has appointed an exReebok veteran onto its board. Jo harlow has joined the grocer as non- executive director with immediate effect. She also serves as non- executive director of InterContinental hotels. LENNON DEAL hotel operator Travelodge has bought holiday Inn’s hotel at Liverpool John Lennon Airport. The hotel has 100 rooms, a bar café and three meeting rooms.