BA says no evidence global IT outage caused by cyber attack
LONDON, May 27 British Airways said on Saturday there was no evidence that a global breakdown of its IT systems had been caused by a cyber attack.
HONG KONG May 2 Hong Kong property developer New World Development plans to spin off and list three of its hotel properties in a initial public offering in Hong Kong.
The move would be one of several deals planned for coming weeks from companies looking to benefit from demand for commercial property in the city.
The company, controlled by billionaire Cheng Yu-tung, plans to bundle its interests in Grand Hyatt Hong Kong, Renaissance Harbour View Hotel and Hyatt Regency Hong Kong and list them through a trust called NW Hotel Investments, it said in a securities filing late on Thursday.
NW Hotel Investments will initially focus on Hong Kong but will also look to invest in internationally branded hotels in Asia.
At the listing date, New World plans to jointly own with Chow Tai Fook Enterprises at least 50 percent of NW Hotel Investments, New World said.
Hong Kong property and investment company Great Eagle Holdings Ltd has also announced plans to spin off its Langham hotel chain through an $800 million IPO.
Property and infrastructure group Hopewell Holdings also intends to seek listing approval from the Hong Kong exchange for its proposed spin-off of property and hospitality business Hopewell HK Properties, IFR reported. (Reporting by Stephen Aldred; Editing by David Holmes)
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.