Profit warning at Gooch & Housego February 21, 2012 Optical components maker Gooch & Housego has issued a full-year profit warning, saying demand for some of its industrial laser products was considerably weaker than it had expected, and that it would cut costs where possible. The company said it expected profits for the year ending 30 September to be “significantly below” its previous expectations, [...]
H&M FOURTH QUARTER HIT BY RISING COSTS January 27, 2011 H&M yesterday reported a fall in profit for the final three months of the year due to the higher cost of raw materials, particularly cotton. Net profit was 5.5bn kronor (£534m), down 11 per cent on the 6.15bn kronor it made during the same period a year earlier and a bigger drop than analysts had [...]
Struggling to choose a luxury car? Then ask the dealer for a holiday March 29, 2012 BUYERS of luxury cars are faced with more choice than ever before. To differentiate themselves, the car companies have started offering something extra to entice would-be customers. Most of the big luxury car marques offer driving trips to their customers, giving them the chance to tour a variety of stunning locations in their new car. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 8, 2012 FINANCIAL TIMES DEUTSCHE BANK TAPPED ECB FOR UP TO €10BN Deutsche Bank took as much as €10bn of European Central Bank emergency funding last week, despite deep reservations over the programme voiced by outgoing chief Josef Ackermann. Investors briefed by Deutsche Bank’s finance director and investor relations executives say the bank was persuaded by the [...]
Hughes tipped for QPR after Warnock axed January 8, 2012 Rangers lose patience with manager after run of eight defeats from last 12 games leaves them on brink of relegation zone FORMER Fulham and Manchester City boss Mark Hughes is expected to be installed as QPR manager this week after the Premier League strugglers last night sacked Neil Warnock. Warnock (right), who led Rangers back [...]
The environment is vital for sowing start-up seeds February 20, 2012 Features Writer City A.M. IDEAS matter. H.G. Wells was onto something when he wrote: “Human history is, in essence, a history of ideas.” But they don’t happen in a vacuum – external factors to the individual entrepreneur establish what ideas and businesses are likely to arise. Interviewing Saul Singer (see article left) – author of [...]
Miners lead FTSE higher on hopes of strong economic growth in China April 12, 2012 BRITAIN’S top share index hit a one-week closing high yesterday as mining stocks jumped on market talk that China, the world’s biggest metals consumer, could report strong economic growth numbers today. Economists polled by Reuters in March forecast that China’s GDP expanded 8.3 per cent in the first quarter of 2012 versus a year earlier. [...]
Miners lead FTSE higher on hopes of strong economic growth in China April 12, 2012 BRITAIN’S top share index hit a one-week closing high yesterday as mining stocks jumped on market talk that China, the world’s biggest metals consumer, could report strong economic growth numbers today. Economists polled by Reuters in March forecast that China’s GDP expanded 8.3 per cent in the first quarter of 2012 versus a year earlier. [...]
Button and McLaren start the new season on top Down Under March 18, 2012 Vettel has to settle for second as British pair send out early warning to Red Bull MCLAREN driver Jenson Button insists he is equipped to challenged for the world championship after his new MP4-27 vehicle propelled him to a commanding victory in the first race of the new season in Melbourne. Button finished 2.2 seconds [...]
Taxing homes more isn’t the answer March 4, 2012 HERE is my factoid of the day: Italians have just replaced Russians as the top foreign buyers of prime central London properties, ending years of oligarch dominance, according to Knight Frank. The only reason the Greeks aren’t ranked higher is that there are too few of them. Analysts interested in predicting financial crises and unrest [...]