THE WEEK AHEAD in association with GFT June 19, 2011 COMPANIES ● Agrekko will make a trading announcement today. The company has benefited from large temporary energy supply contracts following Japan’s earthquake. ● On Tuesday, First Property, Halma and Creston release earnings. The latter provides marketing insights and communications services. ● On the same day, Whitbread will release its interim management statement. With consumer spending [...]
Lookers warns on confidence May 12, 2011 New and used car dealer, Lookers, said trading in the first quarter was ahead of budget but poor consumer confidence was hitting business. It warned new car sales were well down on last year, when the scrappage scheme was in its last month. Lookers said the UK new car retail market was down by 18 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 27, 2011 FINANCIAL TIMES INSURANCE COST AGAINST US DEFAULT HITS RECORD The cost of buying insurance against a default by the US rose to a record on Wednesday, in a sign of growing unease that gridlock in Washington over raising the federal debt ceiling may result in the Treasury failing to pay interest to bondholders. The market [...]
Consumers expect a slight interest rate rise May 17, 2011 THE UK Consumer Prices index (CPI) annual rate of inflation rose to 4.5 per cent in April, up from four per cent in March and is now at its highest level since October 2008. This will increase the pressure on the Monetary Policy Committee to raise interest rates and a look at the YouGov SixthSense [...]
Travel firms to target organic growth in 2012 May 30, 2011 THE UK travel industry expects no further growth for this year but has so far shied away from mergers as a way to weather the rocky market. Over half of travel agencies, airlines and cruise companies expect to see no growth in passenger numbers this year, claims research by Barclays Corporate today, while a further [...]
THE TIPSTER June 12, 2011 SAINSBURY is due to report its quarterly figures this week. The share price of the supermarket has had a torrid start to the month. Despite the fall in share price, expectations for the results are good, due to the hot bank holidays and the royal wedding. Interestingly enough, it is now also the seventh largest [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]
New Look profit slumps 40pc after prices rise June 8, 2011 Fashion retailer New Look has admitted its performance over the past year was “disappointing” as it reported a 40 per cent slump in profits. The privately-owned retailer said group like for like sales fell 5.5 per cent over the year – and 7.1 per cent in the UK – after price rises for its budget [...]
New Look profit slumps 40pc after prices rise June 8, 2011 Fashion retailer New Look has admitted its performance over the past year was “disappointing” as it reported a 40 per cent slump in profits. The privately-owned retailer said group like for like sales fell 5.5 per cent over the year – and 7.1 per cent in the UK – after price rises for its budget [...]