ANALYST VIEWS: HOW BAD WERE M&S’ full year RESULTS? May 19, 2009 CAROLINE GULLIVER EXECUTION“The question is whether it can reverse market share losses in womenswear and food and turn the company into a credible international retailer with good growth prospects. Success is not guaranteed and the concern is that it will to cede more share to Next etc.” NICK BUBB PALI INTERNATIONAL“A dividend cut was priced [...]
ANALYST VIEWS: HOW BAD WERE M&S’ full year RESULTS? May 19, 2009 CAROLINE GULLIVER EXECUTION“The question is whether it can reverse market share losses in womenswear and food and turn the company into a credible international retailer with good growth prospects. Success is not guaranteed and the concern is that it will to cede more share to Next etc.” NICK BUBB PALI INTERNATIONAL“A dividend cut was priced [...]
ICAP in rude health after record profit May 19, 2009 THE world’s leading inter-dealer broker ICAP enjoyed record profits in 2008, it said yesterday, netting chief executive Michael Spencer £23.5m on his holding in the company. Pre-tax profit was up two per cent on the previous year, rising from £330m to £346m excluding one-off items, on the back of soaring revenues, which were up 23 [...]
ICAP in rude health after record profit May 19, 2009 THE world’s leading inter-dealer broker ICAP enjoyed record profits in 2008, it said yesterday, netting chief executive Michael Spencer £23.5m on his holding in the company. Pre-tax profit was up two per cent on the previous year, rising from £330m to £346m excluding one-off items, on the back of soaring revenues, which were up 23 [...]
Former WH Ireland directors make decision to exit quietly May 19, 2009 FORMER WH Ireland directors Laurie Beevers and David Youngman yesterday ended their public squabble with the stockbroking firm’s board by resigning from the company. Beevers and Youngman are thought to have decided to step down quietly in order to avoid a prolonged investigation into the events leading up to merger talks between WH Ireland and [...]
Former WH Ireland directors make decision to exit quietly May 19, 2009 FORMER WH Ireland directors Laurie Beevers and David Youngman yesterday ended their public squabble with the stockbroking firm’s board by resigning from the company. Beevers and Youngman are thought to have decided to step down quietly in order to avoid a prolonged investigation into the events leading up to merger talks between WH Ireland and [...]
City firms risk brain drain as staff feel pressure of the credit crunch May 19, 2009 A PREDICTED brain drain of talent from London’s financial services sector is in danger of becoming a reality if City firms do not help staff adapt to changes brought about by the credit crunch, new research warned yesterday. According to a study by recruitment firm Badenoch & Clark (B&C), 77 per cent of financial services [...]
City firms risk brain drain as staff feel pressure of the credit crunch May 19, 2009 A PREDICTED brain drain of talent from London’s financial services sector is in danger of becoming a reality if City firms do not help staff adapt to changes brought about by the credit crunch, new research warned yesterday. According to a study by recruitment firm Badenoch & Clark (B&C), 77 per cent of financial services [...]
Pound hits 5-month high versus dollar May 19, 2009 STERLING yesterday jumped to its highest level against the dollar so far this year, as optimism grew the UK may have seen the worst of its financial crisis. Sterling climbed as high as $1.5438 yesterday, touching its strongest level since mid-December. Traders said the dollar was suffering yesterday as US investors exited the currency to [...]
Daimler snaps up Tesla stake May 19, 2009 German carmaker Daimler is buying a 10 per cent stake in US electric car firm Tesla Motors. The group, known for its luxury Mercedes-Benz cars, currently offers environmentally-friendly Smart cars but is keen to boost its green focus. Tesla in January agreed to build lithium-ion batteries for a new generation of Daimler electric smart cars.