Editor's Picks
Snow hit not a worry for Enterprise Inns
Thursday 20 Jan 2011
Britain’s biggest pub companies had enough problems before the poor weather that kept drinkers away this Christmas.
BP tackles opposition to Rosneft deal
Thursday 20 Jan 2011
BP’s controversial tie-up with Rosneft hasn’t gone down well with the oligarchs at Russian partner TNK who are furious at being left out of the Arctic exploration deal.
Seeds sown for new housing boom
Thursday 20 Jan 2011
Britain’s housebuilders have had a rough ride since the property bubble went pop at the beginning of 2007, but concerns about the impact of government spending cuts and economic uncertainty on the industry remain “significantly overplayed”.
Sunday newspaper round-up: Bank break-ups, Lloyds, Double-dip...
Thursday 20 Jan 2011
A break-up of Britain’s banks came a step closer yesterday after the head of a government financial commission said he was likely to recommend splitting their operations.
Apple results ease Jobs fears
Thursday 20 Jan 2011
Apple shareholders concerned about the long term implications of the decision by inspirational company boss Steve Jobs to take a medical leave of absence will have been heartened by Tuesday’s barnstorming results from the consumer electronic devices firm.
News Corp considers Sky News sale
Thursday 20 Jan 2011
Newspaper publisher News Corp told the government that it might be willing to sell Sky News if it is allowed to take over the satellite broadcaster BSkyB, a report in the Financial Times says, quoting three people familiar with the talks. The publisher of the Times and the Sun, which already owns 39% of BSkyB, is keen to avoid a protracted review into the proposed takeover.
London focus lights up Land Securities
Wednesday 19 Jan 2011
Land Securities is one of three big property companies whose portfolio comprises a mix of London offices and provincial shopping centres.
Successful debt auctions calm markets
Wednesday 19 Jan 2011
Yields fell at Portugal’s latest bond auction, suggesting that investors are more optimistic about the eurozone economy’s ability to stay afloat.
Goldman's earnings plunge
Wednesday 19 Jan 2011
Goldman Sachs profits slumped 38% in 2010 following a poor final quarter, though its controversial bonus scheme paid out only slightly less than last year at $15.4bn. Q4 earnings plummeted 52% to $2.39bn, from $4.95bn previously, with earnings per share dropping from $8.20 in 2009 to $3.79. Year earnings fell from $13.4bn to $8.4bn. But staff will still get an average $430,700 in pay and bonuses
Wetherspoon does brisk business in second quarter
Wednesday 19 Jan 2011
Pub chain JD Wetherspoon grew like for like sales by more than expected during the second quarter despite the snow and predicts a “reasonable” outcome for the full year.
Pearson to beat earnings guidance
Wednesday 19 Jan 2011
Publishing giant Pearson said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained their strong trading momentum throughout last year. The firm expects full year operating profits to come in around 20% higher at about £850m. Earnings per share are expected to be 76p, ahead of previous guidance of 72p, and up by about 16% on the 65.4p figure for 2009.
Fashion fades but Burberry has staying power
Tuesday 18 Jan 2011
Apart from their fantastic success, the fashion labels Superdry and Burberry have little in common. Supergroup operates the ultra-trendy Superdry label that is soaring in popularity as its appeal moves beyond the niche teen/early twenties demographic it used to serve. Burberry has a long heritage and, though it is enjoying a purple patch just now, has had its image problems in the past.
Inflation jumps in December
Tuesday 18 Jan 2011
Annual consumer price inflation (CPI), the government’s preferred measure, rose to 3.7% on an annualised basis in December as soaring commodity costs pushed up prices.
Oil price nears $100 a barrel
Tuesday 18 Jan 2011
The price of a barrel of oil was near $100 Tuesday after the International Energy Agency (IEA) raised its 2011 demand forecast amid expectations of strong economic growth globally.
iPad gives Apple best ever quarter
Tuesday 18 Jan 2011
Apple bounced back from yesterday's news of Steve Job's medical leave with another stunning set of figures.
Burberry storms forward in all regions
Tuesday 18 Jan 2011
Bumper demand for outdoor coats and other luxury accesssories meant a storming third quarter for Burberry with revenue up by 30% and profits now set to hit the top end of forecasts this year. Sales overall rose by 27% to £480m from £380m. Retail sales by 36% to £335m on an underlying basis. New space generated 8% of this underlying growth, while China contributed a further 14%.
Experian moves into Silicon Roundabout
Monday 17 Jan 2011
On a busy day on the M&A front, credit checking group Experian’s purchase of a majority stake in a little-known social marketing tool provider Techlightenment didn’t quite set pulses racing, but could turn out to be significant nonetheless.
BP targets Russia's Arctic oil
Monday 17 Jan 2011
Oil giant BP, still recovering from last year’s disastrous spill in the Gulf of Mexico, now has its sights set on the vast untapped oil wealth thought to exist beneath the Arctic ice.
Bank of England urged to keep rates on hold
Monday 17 Jan 2011
The Bank of England should resist the temptation to raise interest rates in response to rising inflation, the Ernst & Young ITEM Club has warned, saying such a move could damage the recovery. The economic forecaster predicts consumer price inflation will peak at nearly 4% in February causing rates to rise. But it says the BoE should ‘hold its nerve’ as inflation will fall back below the 2% target
SDL to beat forecasts
Monday 17 Jan 2011
Document and patent translation specialist SDL expects both revenue and profits for the year just ended to come in ahead of market forecasts.
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