Editor's Picks
Blank cheque for Blankfein
Sunday 03 Apr 2011
Lloyd Blankfein, chairman and chief executive officer of investment bank Goldman Sachs, is public enemy number one for the “bash the bankers” brigade and he won't have become any more popular after receiving a massive boost to his remuneration last year. Blankfein received $19m in compensation for 2010, almost twice the $9.8m he trousered the previous year.
Bank of Ireland bouncing back
Friday 01 Apr 2011
Bank of Ireland shares rose sharply Friday morning, albeit from extremely depressed levels, following the publication Thursday night of the Irish government’s Prudential Capital Assessment Review (PCAR).
Marks & Spencer returns to France
Friday 01 Apr 2011
Marks & Spencer is having a second crack at the French market, 10 years after it withdrew from the country. A first store will be opened on Paris’s Champs Elysees later this year, selling women’s clothing and food. A website will also be launched, serving the whole of France. M&S said it is also in talks about opening a number of ‘Simply Food’ stores in and around Paris.
BILT yanks flotation
Friday 01 Apr 2011
The planned flotation of BILT Paper, the paper products giant owned by Indian billionaire Gautam Thapar, has been put on hold for a few months.
Software Radio to outperform
Friday 01 Apr 2011
Software Radio Technology, the developer and supplier of maritime identification and tracking technologies, is set to top market expectations with its full year results after seeing strong demand for its products.
Shell sells Chilean downstream business
Friday 01 Apr 2011
Oil giant Royal Dutch Shell is offloading its downstream assets in Chile for about $614m as part of its strategy to concentrate downstream assets into fewer and larger markets. The business, which includes retail, commercial fuels bitumen and chemicals operations, is being bought by Chilean conglomerate Quinenco.
Dairy Crest all set for FY
Thursday 31 Mar 2011
Chilled foods firm Dairy Crest said pre-tax profit for the year ending 31 March 2011 remains in line with company expectations as trading in its fourth quarter remains strong.
Tough conditions boost pork demand, says Hilton Foods
Thursday 31 Mar 2011
Shoppers reacted to tough economic conditions last year by stocking up on pork rather than more expensive meats, the meatpacker Hilton Foods said as it posted a rise in sales and profits.
ICAP helped by volatile final quarter
Thursday 31 Mar 2011
Interdealer broker ICAP enjoyed a “solid” fourth quarter as uprisings in North Africa and the Middle East and the earthquake in Japan increased volatility in global financial markets.
Mothercare margins squeezed as shoppers cut back
Thursday 31 Mar 2011
Babycare retailer Mothercare saw margins squeezed in the quarter to 26 March after slashing prices to clear its autumn and winter stock amid a weak consumer environment.
TUI has 'satisfactory' half
Thursday 31 Mar 2011
Tour operator TUI Travel says underlying trading has been “satisfactory” during the last six months and, like Thomas Cook on Tuesday, has not changed its estimate of the cost of trouble in North Africa. Uprisings in Egypt and Tunisia are expected to have cost the company between £25m and £30m in the second quarter, as flagged last month.
Moss Bros revives sales growth
Wednesday 30 Mar 2011
Menswear group Moss Bros revived like for like sales in the 52 weeks ended 29 January 2011 and said trading remains in line with company expectations.
House price rally lifts Bellway profits
Wednesday 30 Mar 2011
Housebuilder Bellway posted higher profits in the six months to 31 January after selling more homes at higher prices, but warned that consumer confidence remains fragile.
Topps Tiles growth wanes
Wednesday 30 Mar 2011
Sales growth has slowed at tile and wood flooring retailer Topps Tiles during the latter stages of the first half.
Weak trading to hit Dixons Retail profits
Wednesday 30 Mar 2011
Electrical retailer Dixons Retail’s full-year profits will be down from last year, as consumer confidence in Britain and elsewhere continues to deteriorate, the PC World and Currys owner has said.
CNOOC and Total buy into Tullow's Ugandan assets
Wednesday 30 Mar 2011
Irish oil company Tullow Oil has sold off two-thirds of the interests it holds in numerous assets in Uganda for a cash sum of $2.9bn with Chinese oil titan CNOOC and French oil giant Total the buyers. The broadening of ownership of these assets satisfies a key condition of the memorandum of understanding agreed between Tullow, the government of Uganda and the Uganda Revenue Authority on 15 March.
Kazakhmys ramps up year earnings
Tuesday 29 Mar 2011
Copper miner Kazakhmys grew earnings by 74% last year thanks to higher metal prices.Earnings before interest, tax, depreciation and amortisation (EBITDA) excluding special items jumped to $2.84bn in 2010. That includes $903m from its 26% stake in ENRC. The largest special item was a $130m commitment to fund major social projects in Kazakhstan.
FSA intervention hits CPP profit
Tuesday 29 Mar 2011
CPP Group says that the FSA has raised sales-related issues with its identity protection products and this will reduce its profit in 2011.
Shell sells UK refinery to Essar
Tuesday 29 Mar 2011
Anglo-Dutch oil giant Royal Dutch Shell has agreed to sell its Stanlow oil refinery to Indian energy group Essar in a deal worth some $1.3bn (£812m).
UK Mail's troubles continue
Tuesday 29 Mar 2011
Shares in UK Mail Group took a dive on Monday afternoon after the parcels and mail group reported continued difficult trading in the fourth quarter.
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