Go Ahead raises profit forecast as passengers increase June 23, 2011 Transport group Go-Ahead said it expected its full-year operating profit to be ahead of its previous expectations as passenger numbers increased on its Southern, Southeastern and London Midland rail franchises. “The previous consensus was around £108m and we’re ahead of expectations,” finance director Keith Down told Reuters in an interview. The company, which operates commuter [...]
Derby specialist Fallon refuses Native Khan ride May 30, 2011 THREE-TIMES Investec Epsom Derby-winning jockey Kieren Fallon has opted not to ride Native Khan in Saturday’s big race. Trainer Ed Dunlop said he was disappointed, with the six-time champion tipped to partner Recital for Aidan O’Brien’s Ballydoyle team. “The enticement of the great Ballydoyle battleship steered him towards their horse,” said Dunlop. Derby favourite Carlton [...]
Derby specialist Fallon refuses Native Khan ride May 30, 2011 THREE-TIMES Investec Epsom Derby-winning jockey Kieren Fallon has opted not to ride Native Khan in Saturday’s big race. Trainer Ed Dunlop said he was disappointed, with the six-time champion tipped to partner Recital for Aidan O’Brien’s Ballydoyle team. “The enticement of the great Ballydoyle battleship steered him towards their horse,” said Dunlop. Derby favourite Carlton [...]
Investec sells its Rensburg funds division November 18, 2010 INVESTEC, South Africa’s fifth-largest bank, is selling Rensburg Fund Management (RFM) for £45m, it said yesterday as it unveiled a six per cent hike in underlying operating profit. Franklin Templeton has entered into a conditional agreement to acquire RFM from Investec, which manages about £880m in UK equities, and is a small part of Rensburg [...]
Fallon sweating on court verdict June 3, 2011 JOCKEY Kieren Fallon will learn this morning whether he is free to ride in the Investec Derby today following a High Court bid to prevent him partnering Recital. Ibrahim Araci, the owner of Native Khan, says Fallon had previously promised to ride his horse, only to switch on Monday, and is therefore breaking a contract. [...]
ANALYST VIEWS: HAVE MAJESTIC’S RESULTS BEATEN YOUR FORECASTS? June 13, 2011 JOHN DICKINSON | BREWIN DOLPHIN Profit before tax was £0.7m ahead of our estimate, which was at the top of expectations. Majestic has built a good branded business in a competitive market and benefited from the demise of a lot of its competitors. We expect to raise our current year PBT estimate by £0.5m on [...]
ANALYST VIEWS: HAVE MAJESTIC’S RESULTS BEATEN YOUR FORECASTS? June 13, 2011 JOHN DICKINSON | BREWIN DOLPHIN Profit before tax was £0.7m ahead of our estimate, which was at the top of expectations. Majestic has built a good branded business in a competitive market and benefited from the demise of a lot of its competitors. We expect to raise our current year PBT estimate by £0.5m on [...]
A SEA OF RED August 8, 2011 WORLD MARKETS CONTINUE LURCH DOWNWARDS INVESTORS fled stocks on both sides of the pond yesterday, as financial turmoil further engulfed markets. In New York, the Dow Jones index closed down 5.55 per cent; the Nasdaq shed 6.9 per cent; and the S&P 500 lost 6.66 per cent. By the close of trading last night every [...]
FTSE dragged down by Eurozone and US debt worries July 18, 2011 Banking shares led the FTSE 100 down this morning as the eurozone crisis drained confidence from investors while fears over the US credit rating also cast a shadow. The Greek debt crisis deepened as Eurozone leaders continued to thrash out options to save the country’s economy. Officials proposed a range of schemes for Europe’s bailout [...]
Asos gets boost from overseas sales July 14, 2011 ONLINE fashion retailer Asos saw sales soar in the first quarter, but boss Nick Robertson dismissed speculation that the company was being seriously eyed as a takeover target. Asos, which targets young trendy customers, said its retail sales increased 69 per cent to £104.2m in the three months to 30 June. International sales soared 160 [...]