BEST OF THE BROKERS January 4, 2011 BAE SYSTEMS Espirito Santo Investment Bank, which incorporates Execution Noble, recommends a “buy” on BAE?Systems, saying the stock “has sunk back towards the bottom end of its historic price-to-earnings ratio range”. The broker says that the risk-reward trade-off now “looks attractive heading into results”. DOMINO’S PIZZA Numis rated the stock a “buy” yesterday, ahead of [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
The broker who says small firms have to come up with big solutions January 3, 2011 The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that. “It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent [...]
Next update set to show snow losses January 3, 2011 SEVERAL consumer bellwethers are due to reveal Christmas trading figures this week, with Next, Domino’s Pizza and Clinton Cards kicking off the first reporting season of the year. Clothing retailer Next is due to reveal in a trading update on Wednesday how snow disruption and consumer spending pressures have affected sales over the 24 weeks [...]
Next update set to show snow losses January 3, 2011 SEVERAL consumer bellwethers are due to reveal Christmas trading figures this week, with Next, Domino’s Pizza and Clinton Cards kicking off the first reporting season of the year. Clothing retailer Next is due to reveal in a trading update on Wednesday how snow disruption and consumer spending pressures have affected sales over the 24 weeks [...]
BORIS FUND BREAKFAST CLUB MEETS AT SAVOY December 7, 2010 LONDON mayor Boris Johnson played host to a star-studded launch for the corporate sponsors of the charitable Mayor’s Fund for London yesterday morning, with grandees of the City treated to an 8am poached egg and salmon breakfast in return for their paid-up membership of the London Business Club – an organisation for fund donors. The [...]
Retailers set to add pennies for charities November 7, 2010 A NEW national charity collection scheme launches across the UK today in a bid to counter a decline in donations due to economic uncertainty. Pennies, an “electronic charity box” that enables credit card users to add a charitable donation of up to 99p to their purchases, goes live at all Domino’s pizzas stores today and [...]
Pizza firm tops profit forecasts October 19, 2010 Domino’s Pizza yesterday reported quarterly profit that topped Wall Street’s expectations, as its new pizza recipe attracted more US diners than expected, sending shares up as much as 6.7 per cent to a five-month high. The company saw sales at restaurants open at least a year in the United States surge 11.7 per cent in [...]
BEST OF THE BROKERS September 30, 2010 MICHELIN Citigroup believes the market will take until the end of 2010 to get more comfortable with Michelin’s investment case. The broker, which rates the stock as “overweight”, estimates the €1.2bn rights issue causes around 11 per cent dilution, which implies new cash is utilised at a similar return as the rest of the business [...]
Domino’s given boost as online revenues shoot up September 29, 2010 DOMINO’S Pizza said yesterday its online sales have surged by 69 per cent – mainly due to its new iPhone app. The chain said overall same-store sales rose 9.9 per cent in the 13 weeks to last Sunday taking its sales growth for the year to 12.5 per cent. Including new stores, total sales rose [...]