Editor's Picks
Hochschild 'delighted' with San Jose discoveries
Thursday 07 Oct 2010
Latin America-focused miner Hochschild has made a number of high-grade finds at its San Jose operation in southern Argentina which should “materially increase mine life”.
International growth drives Hays
Thursday 07 Oct 2010
The UK and Ireland are letting the side down at international recruitment firm Hays, which otherwise saw strong growth in fees across all its geographic regions in the third quarter. Net fees rose 18% on a like for like (LFL) basis in the July to September quarter from the corresponding period of last year.
Institute of Directors calls for stimulus expansion
Wednesday 06 Oct 2010
The Institute of Directors (IoD) has added its voice to demands for the Bank of England (BoE) to increase fiscal stimulus.
IMF trims global growth forecasts
Wednesday 06 Oct 2010
Forecasts for global growth have been snipped by the International Monetary Fund (IMF) on concerns about household debt, fragile financial systems and government spending cuts. Expansion in 2011 is put at 4.2%, down from 4.3% previously, and risks are “mainly to the downside”. Britain is not expected to grow quite as fast as previously thought – 2% compared with April’s estimate of 2.1%
GE admits Wellstream approach
Wednesday 06 Oct 2010
General Electric today confirmed it was behind a 750p a share cash bid for Wellstream, turned down by the oil services group last month.
Easyjet to top profit guidance
Wednesday 06 Oct 2010
No-frills airline easyjet expects profits this year will come in slightly above its previous forecast after lower volcano ash costs and better demand for European short-haul flights.
World Cup boost for Sportingbet
Wednesday 06 Oct 2010
Unlike the England football team online sports betting firm Sportingbet had an excellent World Cup, taking in more than £50m of wagers on the tournament.
Dunelm dash for growth continues
Wednesday 06 Oct 2010
Fast growing homewares retailer Dunelm is finding it hard to match last year’s rapid like for like sales growth rate but management was still encouraged by the company’s first quarter performance.
Sainsbury's growth quickens
Wednesday 06 Oct 2010
Supermarket chain Sainsbury’s has outdone arch rival Tesco, reporting a 2% increase in like for like sales excluding fuel for the first half, in line with market expectations. Britain’s number three supermarket grew like for like sales, ignoring petrol, by 2.9% in the second quarter. It was 1.2% in the first three months.
Kazakhmys chairman nets £833m from share sale
Tuesday 05 Oct 2010
Kazakhmys chairman Vladimir Kim has sold about 11% of the FTSE 100-listed copper mining company’s stock, pocketing a whopping £833m.
Services dip stokes Irish recession fears
Tuesday 05 Oct 2010
The spectre of a double-dip recession is looming larger over Ireland after data showed the country’s service sector contracted in September.
Bankers to share £7bn bonus pool
Tuesday 05 Oct 2010
Workers in the City are expected to receive bonuses worth around £7bn this year, not far off pre-credit crunch levels, according to one leading think tank.
Tesco shrugs off tough UK market
Tuesday 05 Oct 2010
Supermarket giant Tesco's first half profits surged 12% despite sluggish underlying sales in the UK. Pre-tax profits rose to £1.6bn in the half year to August on sales up 8.3% to £32.9bn including VAT. All regions saw an improved trading performance in the second quarter over the first, Tesco said. Group sales increased by 8.8% during the latest three months
Cranswick 'positive' at half-way stage
Tuesday 05 Oct 2010
Cranswick has had a “positive” first half, with turnover up 8% at the meat supplier, or 12% adjusted for the sale of its cooked meats business.
Eddie Stobart drinks to 'major' Britvic deal
Tuesday 05 Oct 2010
Stobart Group’s fleet of distinctive green lorries will be delivering soft drinks around the UK after it won a “multi-million pound” contract with Britvic.
Sales growth back at Northern Foods
Tuesday 05 Oct 2010
Northern Foods returned to sales growth in the second quarter as chilled foods and bakery did well, offsetting the ongoing problems with its Goodfella's frozen pizza business.
Late bookings lift TUI Travel
Tuesday 05 Oct 2010
Travel firm TUI Travel allayed fears about full year trading by saying it is confident results will be in line with previous guidance. The company, along with sector peer Thomas Cook, had warned in August of softer trading in its UK business, but the company said on Tuesday that late summer bookings had gone well, while trading for winter 2010/11 has further strengthened across all source markets.
Middle classes lose child benefit entitlement
Monday 04 Oct 2010
More than a million households will be worse off after the coalition government decided to scrap child benefit for higher rate taxpayers.Chancellor George Osborne will save £1bn a year by stoping the universal benefit to any household with at least one member earning £44,000 or more. Almost 8m families receive the benefit - £20.30 a week for their first
Leyshon gets set for Mongol invasion
Monday 04 Oct 2010
Leyshon Resources’ announcement today that it has applied for five coal exploration licences in South West Mongolia will have had investors’ mouths watering given the success the company has been enjoying lately.
Premier Foods attracts bidders for Quorn
Monday 04 Oct 2010
Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weekend papers that offers have been made for its meat free business that includes Quorn.
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