Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Former Tory MP Jack gets the Topps job May 18, 2011 FORMER Tory MP Michael Jack has taken over as chairman of Topps Tiles after the company said yesterday Barry Bester had stood down with immediate effect. Jack, who represented Fylde between 1987 and 2010, joined the Topps board in 1999 and was its senior non-executive director. In addition to his role at Topps Tiles, the [...]
Euro woes and commodity falls leave FTSE low May 23, 2011 Fears of debt default in Greece, election upset in Spain and weakness in Italy’s economy caused the FTSE to tank to a two-month low today. Commodity stocks led the fallers as the FTSE 100 index plunged more than 100 points to close down 1.9 per cent at 5,835.89. Investors abandoned risky assets after rating agency [...]
FTSE falters as retailers slide June 9, 2011 Stocks defied downbeat expectations to post gains this morning but have since downhill after a number of UK retailers said sales were falling. Heavyweight banking stocks are also down following yesterday’s Treasury Select Committee debate over whether to ringfence their operations, and Vince Cable’s attack on their lending levels on Tuesday. State-backed Lloyds Bank is [...]
FTSE falters as retailers slide June 9, 2011 Stocks defied downbeat expectations to post gains this morning but have since downhill after a number of UK retailers said sales were falling. Heavyweight banking stocks are also down following yesterday’s Treasury Select Committee debate over whether to ringfence their operations, and Vince Cable’s attack on their lending levels on Tuesday. State-backed Lloyds Bank is [...]
M&S profit up as Bolland unveils masterplan November 9, 2010 Marks and Spencer has reported half-year pre-tax profits of £348.8m, up from £306.7m last year. Marc Bolland, the company’s new chief executive, also revealed his blueprint for the future of the company. The company’s profit hike represented a 17 per cent rise. Bolland, who took over from Sir Stuart Rose earlier this year, said he [...]
Booker cashes in as shoppers look for cheap deals in grim consumer climate May 19, 2011 BRITAIN’S biggest cash and carry wholesaler Booker yesterday said it was benefiting from consumers’ “search for value” as it beat forecasts with a 25 per cent jump in annual profit. The firm, which runs around 172 branches supplying convenience stores, restaurants, pubs, schools and prisons, made a pre-tax profit of £71.4m. Chief executive Charles Wilson, [...]
FTSE extends gains as talk of takeovers boosts the market July 5, 2011 THE FTSE 100 rose for an eighth straight trading day yesterday, as earnings hopes lifted Tullow Oil and bid talk boosted Reckitt Benckiser. Tullow, up 3.8 per cent, said it expected to post record first-half revenues as it ramped up output in Ghana and also said it was a few weeks away from completing a [...]
Paphitis reveals lingerie plans November 4, 2010 Dragons’ Den entrepreneur Theo Paphitis has said that his new lingerie range will be launched under the name Boux Avenue. The mid market brand will be launched at Shopping centres including the Trafford in Manchester. The brand will be up against La Senza, which Paphitis used to own, as well as Marks and Spencer and [...]