Prada profits jump 74 pc on high Asia sales September 19, 2011 ITALIAN fashion house Prada posted a 74 per cent rise in first-half profit yesterday, beating the forecast in its June listing prospectus, and said it would stick to its plan for opening new stores. Milan-based Prada, a maker of luxury bags and Miu Miu dresses, said group net profit totalled €180m (£156.6m) in the six [...]
Prada profits jump 74 pc on high Asia sales September 19, 2011 ITALIAN fashion house Prada posted a 74 per cent rise in first-half profit yesterday, beating the forecast in its June listing prospectus, and said it would stick to its plan for opening new stores. Milan-based Prada, a maker of luxury bags and Miu Miu dresses, said group net profit totalled €180m (£156.6m) in the six [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]
Redrow beats forecasts in profits surge September 8, 2011 HOUSEBUILDER Redrow has posted better than expected pre-tax profits, thanks to a 14 per cent rise in revenues, but warned of a tough outlook for the property market. The Wales-based company posted a pre-tax profit of £25.3m in the 12 months to the end of June, compared with £700,000 the year before, beating a consensus [...]
CANTERBURY, KENT August 25, 2011 STOURMOUTH Price: £1.1m On 2.2 acres of land, this country home has recently been restored. A long gravel driveway leads you up to this seven bedroomed house. This huge property has a farmhouse kitchen, cellar and wine vault. Contact: Strutt & Parker on Canterbury 01227 451 123 or go to www.struttandparker.com OLD RECTORY Price: £795,000 [...]
LABOUR TURNS BACK ON CITY September 27, 2011 ED Miliband yesterday sounded the death knell on his party’s relationship with the City, singling out some elements of British business for praise yet promising to crack down on supposedly “predatory” financial services. “Britain’s future will be built not on credit default swaps but on creative industries,” Miliband said in his speech to the Labour [...]
Amazon’s Jeff Bezos is much more than a bookseller: He’s the Everyman entrepreneur October 30, 2011 WITH the Kindle Fire, Amazon.com chief executive Jeff Bezos is showing the world that he’s much more than an online retailer. The original Kindle, released in 2007, was the first piece of electronic hardware Amazon ever produced, and it revolutionised the electronic book business. Wall Street analysts expect Amazon to sell about 26m Kindle devices [...]
US housing market remains in the doldrums August 23, 2011 Sales of new single-family houses in the US fell more than expected in July to hit a five month low according to a report released by the Commerce Department yesterday. The report showed that new home sales for July slipped 0.7 per cent from the revised June rate of 300,000 to 298,000. Compared to July [...]
FOREX ANALYST PICKS October 4, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar and short Kiwi dollar-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Though it took a little time, euro-dollar finally slipped below that substantial $1.3400 floor that represented the 2010-2011 mid-point. A forgiving stop at $1.3650 is warranted and [...]
EXPANDED MAREX SPECTRON CALLS ON BORIS FOR BISHOPSGATE MOVE November 16, 2011 WE ARE positive about the outlook for our business, said broker Marex Spectron when it unveiled its 83 per cent boost in operating profits on Tuesday night. No charitable donations were paid out during the year to 31 March – just dividends to shareholders of £5.3m – but all that changed as of yesterday, when [...]