Editor's Picks
Premier Farnell growth story continues
Thursday 17 Mar 2011
Profits were in line and sales a little higher at electronic and industrial components supplier Premier Farnell last year.
Raw material costs concern Pittards
Thursday 17 Mar 2011
Pittards, which makes leather for goods such as Nike American football gloves and Timex watch straps, saw profits edge up in 2010 as revenues soared in line with global economic recovery, but warned that high raw material prices will make maintaining margins a challenge.
Eaga wins £300m backing for solar panel project
Thursday 17 Mar 2011
Green outsourcing company Eaga, in the process of being bought by support services giant Carillion for £306m, has got the £300m of funding needed for a UK residential solar panels project.
Savills unveils new divi policy as profits boom
Thursday 17 Mar 2011
Global property markets are bouncing back strongly judging by the results from international estate agent Savills, with Asia Pacific putting in an especially strong performance. Group revenue for 2010 was up 21%, or 19% in constant currency terms to £677.0m from £560.7m in 2009. Underlying profit before tax soared 88% to £47.3m from £25.2m in 2009.
Goldman costs Japan quake at £124bn
Wednesday 16 Mar 2011
Boffins at Goldman Sachs have been busy with their calculators since Friday’s huge earthquake and tsunami in Japan, pricing the devastation at 16 trillion yen (£124bn). The total cost of damage to buildings, production facilities, and other infrastructure is 1.6 times the loss caused by the 1995 Hanshin earthquake
Volumes ahead of expectations at Imagination
Wednesday 16 Mar 2011
It’s a case of ‘chips with everything’ for Imagination Technologies, which continues to see growing demand for its graphics chip technology, though its Digital Audio Broadcasting division, PURE, is finding things a bit tougher.
Profits in line at Marston's
Wednesday 16 Mar 2011
The food offering at brewing and pubs group Marston’s is defying consumers’ attempts at belt tightening, while even beer sales are up this year.
Chief departs Mitchells & Butlers
Wednesday 16 Mar 2011
Adam Fowle, chief executive of Mitchells & Butlers, is to leave the pub owner by mutual consent after two years in the job.
Intercontinental Hotels chief hands over reins
Wednesday 16 Mar 2011
InterContinental Hotels’ chief executive Andrew Cosslett has shocked the Crowne Plaza and Holiday Inns chains owner by handing in his notice.
Greggs makes record money in 2010
Wednesday 16 Mar 2011
Sausage roll fans filed into Greggs in record numbers during 2010, pushing profits up almost 8%, and like for like sales growth so far in 2011 is double what it was for all of 2010. The Newcastle-based company, which runs over 1,480 value bakers shops up and down the country, made £52.5m in the 52 weeks to 1 January, a record high and up from £48.8m in 2009.
Second quarter rate rise expectations soar
Tuesday 15 Mar 2011
Expectations that the Bank of England (BoE) and European Central Bank (ECB) will raise interest rates in the second quarter of 2011 have risen dramatically, a new survey of fund managers shows.
Ofcom slashes mobile termination charges
Tuesday 15 Mar 2011
Telecoms regulator Ofcom has imposed an 80% reduction in mobile phone call termination charges to be phased in over four years starting next month.
G4S seeing signs of recovery in US and UK
Tuesday 15 Mar 2011
Security firm G4S notched up its sixth successive year of underlying revenue, profit and dividend growth since the group took on its current incarnation in 2004.
Too soon to estimate Japan losses, says Lancashire
Tuesday 15 Mar 2011
Insurance underwriter Lancashire Holdings said it is too early to give a meaningful estimate of costs relating to the tragic loss of life and significant property damage in Japan following the earthquake and tsunami.
Debenhams meets estimates
Tuesday 15 Mar 2011
Sales fell at Debenhams in the first half, though by a little less than forecast, and headline profit at the department store is expected to beat last year’s effort and meet estimates. Like for like sales for the 26 weeks to 26 February fell 1.5% excluding VAT, but were flat including the tax. Group gross transaction value rose 3.2%.
Asia: Nikkei plunges 6.18% after quake
Monday 14 Mar 2011
The Nikkei sank 6.18% on Monday as traders assess the impact of Friday’s devastating earthquake and tsunami.
Chaucer says no Japanese nuclear losses
Monday 14 Mar 2011
London-based insurance underwriter Chaucer does not expect any significant losses from problems afflicting three nuclear plants shut down by the earthquake and tsunami in the North-East of Japan, but cannot yet quantify its other exposure to the disaster. Reports this morning said there had been a second explosion at the Fukushima Dai-ichi plant.
Mortgage lending slumps 29% in January
Friday 11 Mar 2011
Mortgage lending fell more than expected in January due to “an unusual combination of factors”, according to new data from the Council of Mortgage Lenders (CML).
Orders turn up at Marshalls
Friday 11 Mar 2011
Severe weather dented paving slab firm Marshalls’ results for 2010, knocking sales at both end of the year by £11m in total, but things are looking better this year.
Aga makes hot profits
Friday 11 Mar 2011
Expensive cooker maker AGA Rangemaster dished up a big increase in profits last year as sales picked up during the second half.
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