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Christchurch’s business tourism industry on show

Christchurch will cement its position as the convention capital of New Zealand this week when it hosts the business tourism industry’s largest annual gathering.

MEETINGS 2008 is being held on July 30 and 31 at the Westpac Arena in Christchurch and showcases a diverse range of New Zealand’s key destinations, venues, products and services for conventions, meetings, exhibitions, events and incentive travel programmes. . more

PermissionTV Appoints James Alla as Senior Vice President of Sales

"Jim brings extensive experience building and managing business development and sales teams for high-growth media and technology companies," said Bob Lentz. "I look forward to working with Jim to bring PermissionTV to the next level of our growth by further cultivating current relationships and penetrating new markets."

Alla, who most recently served as Vice President and General Manager of Media, Entertainment and Communications at FAST Search and Transfer™, a Microsoft subsidiary, is a seasoned executive who has led sales efforts at media companies and online businesses. Prior to FAST Search and Transfer, Alla was Vice President of Integrated Media and Online Sales of International Data Group (IDG), one of the world's largest technology media companies. Alla has also held executive management roles at Dotomi, 24/7 Real Media, Engage/AdKnowledge and Ziff Davis, where he built and ran teams as large as 200 people with revenue responsibility in excess of $200 million. more

Hotels to Stay in When Using business centres in London

London has become one of the main business destinations in the world, in no small part due to its financial industry. As a result, London attracts large amounts of investment, capital (including labour) and remains the preferred location for many businesses' headquarters. Some of the principal business areas include Canary Wharf, the City of London and Victoria. In these areas there is no shortage of hotels for the travelling business person. When coming to London for corporate purposes, you may require a hotel with facilities to conduct meetings and so forth.

When choosing a hotel, some research is essential to find a hotel best suited to your business needs. Below are a few suggestions for hotels aiming to cater to business requirements as well as to private guests. However there of course are a great many more hotels in London which offer the same or similar services. more

Belgium's Cofinimmo profits in H1 from long leases

The Brussels-based group, which rents offices to businesses and government institutions, said net current profit per share, excluding gains on property sales and re-evaluations, rose by 5.4 percent to 4.49 euros ($7.06) in the first six months.

Excluding non-recurring items and the impact of adjustments in the value of financial instruments such as interest rate swaps, it increased 2.9 percent to 3.85 euros per share.

Analysts had been expecting broadly flat to slightly worse figures.

A cooling economy, the credit crunch and higher interest rates have squeezed real estate markets across the euro zone, notably in Spain, but Cofinimmo thinks it can ride the storm.

The average lease length of its properties is 11 years, which Cofinimmo believes is longer than any other European competitor. more

Slower auto sales ding banks and credit unions

Auto-loan business at banks and credit unions is shrinking as consumers react to the increase in fuel costs and slowing economy by not buying cars, buying cheaper cars, or not making payments on the cars they have. While the stress on auto loans is not as critical as the mortgage crisis, the pain is starting to show up in second-quarter earnings releases by large publicly held banks and advertising campaigns by credit unions.

"A worsening economy, falling home prices and rising gas prices have … heightened concerns in the industry about auto loans and leases," said Richard Davis, chairman, president and CEO of U.S. Bancorp in the company’s second-quarter earnings conference call on July 15. U.S. Bancorp was down $17 million on auto loans in the second quarter of 2008 and $18 million in the first quarter. more

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