Mothercare knocked by poor performance in home market January 17, 2013 MOTHERCARE, the baby and maternity products retailer, suffered a decline in sales in its third quarter, as recent improvements to its UK arm failed to pull in the Christmas sales. The group, which has over 1,300 stores worldwide including 269 in the UK, said UK like-for-like sales fell 5.9 per cent in 13 weeks to [...]
Maker of Angry Birds app soars to higher sales May 7, 2012 ROVIO Entertainment, the creator of the iconic Angry Birds app, yesterday reported a tenfold leap in sales. Full year revenue grew to €75.4m (£60.8m) – compared to estimated sales of £6.2m in 2010 – while pre-tax earnings increased to €48m. This is the first time Rovio has published its full year fiscal results, heating up [...]
Black swans get into the Christmas spirit December 9, 2012 THE official 12 days of Christmas may not start until 25 December itself, but hundreds of Canary Wharf workers will be getting in the spirit a little early by taking part in a festive run around the Docklands this Wednesday. To liven up proceedings, children’s charity Starlight – which organises the run to raise money to [...]
A BIRD’S EYE VIEW OF THE CITY April 17, 2012 THERE’S plenty of construction work going on in the City, especially in the area immediately west of Bank station, where vast tracts of land have been given over to building sites. These cranes (pictured above) are opposite the Lloyd’s of London building.
Thai food giant mulls £2.5bn Birds Eye offer May 13, 2012 A THAI food firm has emerged as the latest suitor in the £2.5bn battle for the frozen foods group behind Birds Eye. Charoen Pokphand Foods, Thailand’s largest agribusiness firm, is preparing a bid for Iglo, which has been put up for sale by buyout firm Permira. The first deadline for bids was on Thursday when [...]
Rapid responses December 18, 2012 Corporation tax [Re: Politicians are powerless to curb our shrinking corporate tax base, yesterday] Douglas Carswell argues that, through international property migration, it is unavoidable that big corporations will mitigate their tax liabilities. But the sad consequence is that the only people who end up paying more is us, the financially immobile taxpayers. Something must [...]
WHO’S SWITCHING JOBS June 20, 2012 Sciens Tim Wilkinson has been appointed president of Sciens Fund of Funds Management Holdings, part of the Sciens Capital Management Group. Prior to joining the firm he was managing director at Russell Investments, and spent 15 years with Citigroup, latterly as global head of transition management. Wilkinson started his career at SG Warburg Securities. Banque [...]
Breathtaking beauty in Ecuador’s own paradise October 21, 2012 QUITO always seemed to me to be more of a stopover on the way to Ecuador’s Andean heights, Amazon forest, and the Galapagos, than a destination. Not so. This 9,000 ft high city, smack dab on the equator, has a spectacular setting of its own, surrounded by three glistening, glacier-topped volcanoes: Cotapaxi, Cayambe, and Antisana. [...]
Property firm Hammerson hires Sainsbury’s head as chairman January 14, 2013 DAVID Tyler, the chairman of Sainsbury’s, is to take on another FTSE 100 role, after it was announced yesterday he will replace John Nelson as chairman of property giant Hammerson. Tyler, who has also been a non-executive director at luxury group Burberry for more than a decade, will join the board with immediate effect on [...]
How an Isa could earn you a million February 26, 2013 The route to tax-free prosperity is simple AS THE end of another tax year approaches, there is still time for investors to shelter up to £11,280 from taxation. But with most experts predicting cash Isas will undershoot inflation, it is surprising that, although close to half of the UK’s adult population holds an Isa, very [...]