Editor's Picks
BlueBay almost back to pre-crisis levels
Thursday 16 Sep 2010
Cost controls and a big hike in revenue have pushed margins and profitability at fixed income fund manager BlueBay to “within a whisker” of pre-crisis highs.
Dunelm pleased with start to new trading year
Thursday 16 Sep 2010
Profits from out of town homewares retailer Dunelm were slightly ahead of expectations as like for like sales roared ahead.
Robert Wiseman warns of margin squeeze
Thursday 16 Sep 2010
Scottish dairy group Robert Wiseman delivered an 8.5% rise in overall milk sales but warned that as a result of intense competitive pressures across all sectors of the market, operating profits going forward, will be impacted.
World Cup helps Kesa impress
Thursday 16 Sep 2010
Kesa Electricals, the owner of the Comet chain, did better than the City expected in the first quarter, driven by “excellent” TV sales during the World Cup. Total sales rose 8.2% for the three months to 31 July, or 6.9% in local currency and 4.3% on a like for like (LFL) basis. French unit Darty ramped up sales in local currency by 7.8%, or 5.1% LFL, while Comet made it 6.3% and 4.3% respectively.
Japan moves to weaken yen
Wednesday 15 Sep 2010
Japanese authorities have moved to weaken the value of the yen for the first time in six years, sending stocks soaring in approval.
First Quantum sues ENRC over Kolwezi
Wednesday 15 Sep 2010
First Quantum has started legal action against ENRC over the Kolwezi tailings project in DR Congo and issued writs in the British Virgin Islands against Highwinds and two other ENRC subsidiaries.
Astra gets Brilinta review extension
Wednesday 15 Sep 2010
The US Food and Drug Administration (FDA) has extended the review timelines for AstraZeneca’s new drug application for ticagrelor, which Astra intends to market under the name Brilinta.
Galliford Try housebuilding expansion plans on track
Wednesday 15 Sep 2010
Housebuilding and construction group Galliford Try reported a rise in full year profit and fall in revenue as housing sales and prices showed an element of recovery.
Next hikes profit in 'testing' conditions
Wednesday 15 Sep 2010
Next did pretty much as expected in the six months to July given that the clothes retailer’s last update was only a month ago, but the high street remains a “testing” place and higher cotton prices could crimp demand. Profit before tax increased 15% to £213.3m from £185.5m a year ago on revenue up 5% to £1.59bn.
Philips strategic update underwhelms
Tuesday 14 Sep 2010
Consumer electricals giant Philips has unveiled its new financial targets for the next five years and received an underwhelming response from a sceptical market.
Gold price reaches new high
Tuesday 14 Sep 2010
Worries about the global economy have increased investment demand for gold and pushed its price to record highs. The gold price went above $1,275 an ounce at one point and is currently trading at $1,273.20 an ounce. The rise has been exaggerated by the weak dollar. Sterling is trading at $1.5574. Investors are looking for havens for their money.
Small restaurant chains could whet rivals' appetites
Tuesday 14 Sep 2010
Individual Restaurant Group, which operates the high-end restaurant chains Piccolino and Restaurant Bar & Grill, has a sophisticated centrally managed booking system.
Appetising results at Hilton Food
Tuesday 14 Sep 2010
Meatpacker Hilton Food served up a 12% increase in half yearly pre-tax profit and said while challenges remain it expects to meet full year expectations.
UK inflation stuck at 3.1%
Tuesday 14 Sep 2010
The annual inflation rate, as measured by the Consumer Prices Index (CPI), remained at 3.1% in August, surprising economists who had expected a slight easing from July’s level.
K3 targets managed services
Monday 13 Sep 2010
K3 Business Technology boss Andy Makeham is excited by the prospects for the enterprise software company’s newly formed managed services division.
Businesses fear double dip
Monday 13 Sep 2010
Businesses are bracing themselves for another period of recession according to a report from the accountancy firm BDO, which reports a fall in its index of firms’ optimism to 93.1 in August from 95.5 the previous month.
Wetherspoon grows profits despite slow sales
Friday 10 Sep 2010
JD Wetherspoon took another swipe at government taxes on the pub industry as it revealed like for like sales grew by just 0.1% in the year ended 25 July, although profit was up over 7%.
Debenhams shift to own labels lifts profits
Friday 10 Sep 2010
Department store Debenhams sounded a cautious note on consumer confidence but expects its strategy of lifting margins by selling more of its own label products to result in strong profits. he company saw flat like-for-like sales in the year to 28 August, with a recovery in the last 10 weeks making up for a 1.5% fall throughout the earlier part of the year.
Primark and sugar lift AB Foods
Friday 10 Sep 2010
AB Foods expects its underlying results this year to be well ahead of last time as retail business Primark continues to power ahead, while sugar profits have recovered.
Tullow sidetrack extends 'major' Owo field
Friday 10 Sep 2010
Tullow Oil’s Owo field just got bigger, “significantly” extended by a sidetrack at the Irish explorer’s previously announced Owo-1 discovery, offshore Ghana.
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