Editor's Picks
House prices edge higher in September
Thursday 30 Sep 2010
House prices inched higher in September following two months of decline, according to a new survey from the building society Nationwide, suggesting that the market may be holding up despite worries of a prolonged spell of weakness.
Sales growth accelerates at Compass
Thursday 30 Sep 2010
Contract caterer Compass Group has upped its sales growth guidance again after a strong fourth quarter.
Rolls chief Rose sets retirement date
Thursday 30 Sep 2010
Sir John Rose is retiring as chief executive at Rolls-Royce after 14 years in the job and 26 years at the aero-engine maker, handing over to non-executive director John Rishton in March next year.
DMGT update highlights local media challenges
Wednesday 29 Sep 2010
Rail and bus operator FirstGroup said it is currently trading in line with management expections and is on track to deliver moderate earnings growth target for the full year.
Dairy Crest renews Morrisons milk supply contract
Wednesday 29 Sep 2010
Dairy Crest has announced that it has renewed a contract to supply the supermarket Morrisons with fresh milk through to 2015.
BP new broom airs plan to 'rebuild trust'
Wednesday 29 Sep 2010
BP’s incoming boss Bob Dudley today spelt out plans to overhaul the oil giant’s global operations with an emphasis on safety ahead of his crowning ceremony on Friday.
Mortgage approvals fall in August
Wednesday 29 Sep 2010
The number of loans approved for house purchases fell in August, the Bank of England said, adding to fears that the housing market is entering a period of sustained weakness.
Babcock confident despite pressures on spending
Wednesday 29 Sep 2010
Engineering support services company Babcock International said current pressures on spending will slow short-term revenue growth but its order book and bid pipeline remain strong.
FirstGroup poised for moderate FY growth
Wednesday 29 Sep 2010
Rail and bus operator FirstGroup said it is currently trading in line with management expections and is on track to deliver moderate earnings growth target for the full year.
Smiths Group cools growth expectations
Wednesday 29 Sep 2010
Smiths Group has ramped up full-year headline profit by 17% and is delivering on its cost savings ahead of plan, but the diversified high-tech group warns that growth in both sales and profit will be slower this year.
Trading mixed at LSE
Wednesday 29 Sep 2010
Volumes traded through the London Stock Exchange have slowed recently with conditions described as variable.
Domino's profits to be at upper end
Wednesday 29 Sep 2010
Fast growing pizza delivery franchise operator Domino’s Pizza has not been growing quite so fast in the last three months but still thinks it will deliver full year profits at the upper end of market expectations. In the 13 weeks to 26 September LFL sales were 9.9% higher than a year earlier, while in the year to date LFL sales were up 12.5% on a year earlier.
Bullish Paragon resumes buy-to-let lending
Tuesday 28 Sep 2010
Specialist mortgage provider Paragon expects full-year profit to be at the top end of analysts’ forecasts and is going to restart buy-to-let lending immediately after securing a new loan facility.
AG Barr sales growth outperforms the market
Tuesday 28 Sep 2010
Irn-Bru maker AG Barr achieved sales growth well in advance of the market in the first half of its financial year.
Close Bros bank makes record profit
Tuesday 28 Sep 2010
Close Brothers has had a “good” result for the full-year, driven by strength at the banking business, and the merchant bank expects a “satisfactory” outcome for 2011.
UK costs hit Thomas Cook profits
Tuesday 28 Sep 2010
Travel company Thomas Cook said trading in its main UK business has stabilised while trading in its other markets have been in line with or above company expectations. The tour operator said it has now started a review of its UK cost base after softer than expected business over the summer and in view of the difficult market backdrop.
House demand down again
Monday 27 Sep 2010
Houses for sale are now on the market for average 9.3 weeks, the longest period for a year according to property website Hometrack.
Commodities: Oil jumps, gold strikes another record high
Monday 27 Sep 2010
Crude oil prices powered past $76 a barrel on Friday, jumping 1.7%, as durable good data came in better than expected.
Wolseley shifts tax base to Switzerland as divis resume
Monday 27 Sep 2010
Wolseley, the supplier of goods to the plumbing and heating trade, is to resume paying dividends at the interim stage next year after finishing the old year with a flourish. Although revenue for the year to 31 July fell 9% to £13.2bn from £14.4bn the year before, this was above the market consensus of £13.1bn, while the fourth quarter saw an encouraging 4% gain in like for like sales
PZ Cussons buys fake tan firm
Monday 27 Sep 2010
Consumer products group PZ Cussons is to buy fake tan products specialist St. Tropez Holdings.
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