Editor's Picks
M&S sandwich sales boost Uniq revenues
Tuesday 26 Apr 2011
Convenience food group Uniq benefited from Marks & Spencer’s decision to reduce the number of sandwich suppliers it uses from three to two last year.
Domino goes to work on egg market
Tuesday 26 Apr 2011
Printing technologies firm Domino Printing Sciences has formed a joint venture with a private company to develop and deploy proprietary food safety and traceability technologies for the US egg industry, with plans to expand globally.
Guinea gives green light to Rio's Simandou project
Tuesday 26 Apr 2011
Mining titan Rio Tinto has come to an agreement with the government of Guinea, paving the way for work to begin on the Simandou iron ore project. Rio's subsidiary, Simfer, is to pay $700m to the Guinean Public Treasury upon promulgation of Presidential Decrees granting Simfer's mining concession and the approval of Rio's proposed Simandou joint venture with Chalco.
The Fundamentalist: Cashing in on ISAs
Tuesday 26 Apr 2011
I got a statement from my building society last week telling me how much interest I had earned on my cash ISA in the last financial year. On an ISA containing close to £13,000 I received a little over £45 in interest.
US close: First quarter earnings spark rally
Friday 22 Apr 2011
Some disappointing economic data did little to dishearten the markets today, as US markets rose to a strong finish as investors were cheered by a number of estimate-beating first quarter results from some heavy-weight stocks.
Housing market resilient, says Taylor Wimpey
Thursday 21 Apr 2011
The UK housing market remains resilient, housebuilder Taylor Wimpey said as it reported that trading is in line with expectations. Taylor Wimpey said it expects the UK market to remain relatively flat for the rest of the year, echoing comments made earlier in the day by fellow housebuilder Persimmon.
Surprise rise in UK retail sales
Thursday 21 Apr 2011
The volume of retail sales in the United Kingdom grew by 0.2% on month (1.3% on year) in March, according to the the Office of National Statistics (ONS). Consensus estimates were calling for a fall of 0.5% on month (+1.0% on year). Last month’s variation was revised slightly downwards, to a 0.9% fall instead of the 0.8% decrease of the preliminary estimate.
Earthquake to cost Lancashire about $75m
Thursday 21 Apr 2011
Insurance underwriter Lancashire Holdings, which has more than recovered from the share price tumble it suffered in the wake of the Japanese earthquake, said it expects to take a $75m hit from claims arising from the natural disaster.
William Hill confident after strong quarter
Thursday 21 Apr 2011
There was little sign of the economic worries that are plaguing many of its high street neighbours in William Hill’s first quarter trading update.
Sports Direct on target as sales rise
Thursday 21 Apr 2011
Strong trading in the nine weeks to 27 March leave Sports Direct confident that it will meet its profit targets for 2010/11.
Ultra Electronics confident on defence spending
Thursday 21 Apr 2011
High-tech defence products supplier Ultra Electronics believes its focus on specialist products will help it withstand defence cuts.
Outlook brightens at Persimmon
Thursday 21 Apr 2011
The outlook has brightened at house builder Persimmon since the turn of the year, when bad weather and economic uncertainty were clouding the outlook. The firm started the year with a sales order book of £565m, down from £638m a year previously, with sales rates “affected by the uncertainty created by the planned austerity measures and the unusually bad weather during November and December.”
Hochschild on track
Wednesday 20 Apr 2011
Latin America-focused gold and silver miner Hochschild hailed a solid set of first quarter production results which left it firmly on track to hit its full year production targets.
US close: Apple pips rivals again
Wednesday 20 Apr 2011
It was like Monday's shake out never happened as the Dow Jones industrial average raced to its highest level since June 2008 on Tuesday, recouping all of Monday's losses and more on the back of a string of strong corporate updates.
Virgin Media reports another solid quarter
Wednesday 20 Apr 2011
Broadband, phone and digital TV provider Virgin Media saw the level of new customers drop in the first quarter, but still managed to grow revenue by 5.7%. Group revenue for the three months ended 31 March increased from £929m to £982m as the company reported growth in all areas across its Consumer and Business segments.
UK a drag on Computacenter's growth
Wednesday 20 Apr 2011
Information technology infrastructure services provider Computacenter has seen revenue growth in Germany and France offset weaker demand in the UK in 2011.
Argos boss departs as Home Retail profits slump
Wednesday 20 Apr 2011
Home products retailer Home Retail Group announced the departure of Argos’s managing director as it unveiled a sharp fall in profits due to lower sales at the catalogue-based chain and predicted further sales declines.
Bowleven drilling disappoints
Wednesday 20 Apr 2011
Shares in Bowleven dived after the AIM-listed oil explorer announced drilling results from the Sapele-1ST well offshore Cameroon.
BoE not as aggressive as expected
Wednesday 20 Apr 2011
At first glance the bias of Bank of England (BoE) policy makers, as comes through from a reading of the minutes for the monetary policy meeting of the past 20th of April, does not seem to have hardened anywhere near as much, when compared to that at the meeting of 23rd of March, as some banks’ analysts had expected.
Underlying revenue growth at Bunzl
Wednesday 20 Apr 2011
The UK & Ireland are letting the side down at distribution and outsourcing group Bunzl, which has otherwise seen good revenue growth this year.
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