Morrisons profit up as it unveils share buyback March 10, 2011 Supermarket group Morrisons has reported a rise in annual profit and issued details o f a share buyback plan. The company announced a pre-tax profit of £874m for the 12 months to the end of January, up from the £858m it made in the same period a year ago. Like-for-like sales, excluding fuel and VAT, [...]
FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
PROPERTY NEWS March 3, 2011 HOUSE PRICE OPTIMISM RISES Nearly 50 per cent of people are “certain” house prices will rise over the next ten years and 26 per cent are “certain” they will go up in the next five years, according to a survey by LSE and estate agents John D. Wood. Home occupiers were more confident than renters, [...]
Irish austerity cuts take a bite out of Domino’s Pizza as growth slows March 30, 2011 Britain’s biggest pizza delivery firm Domino’s reported slower sales growth, hit by a slump in trade in Ireland, sending its shares down 9.3 per cent yesterday. The company, which operates the British and Irish franchises of the global delivery brand, said sales at its 608 shops open more than a year grew by 4.2 per [...]
L&G boosts dividend as it beats targets March 17, 2011 UK INSURER Legal & General boosted its divided by 24 per cent yesterday on the back of a £1bn operating profit, and said it expected to benefit from stronger demand for savings products in future as reduced welfare provision forces consumers to save more. Though operating profits fell slightly from £1.1bn in 2009, they remained [...]
Eurozone mood highest since August 2007 as Germany’s recovery continues February 24, 2011 BUSINESS confidence in the Eurozone sprung back in February, rising above the expectations of economists to a 41-month high, official data showed yesterday. The EU’s sentiment index recorded 107.8, a point up from January’s upwardly revised score of 106.8. “Consumers, industry and services confidence all contributed to the rise,” said Eoin O’Callaghan of BNP Paribas. [...]
Morale at UK factories hits record high March 13, 2011 CONFIDENCE among British manufacturers has hit a record high, business consultancy KPMG said today. Over two thirds (68 per cent) of surveyed manufacturers expect business activity to increase, leading to the highest positive balance (60.4 per cent) since the survey began in 2002. And morale in the service sector is also improving, the report showed. [...]
Strong data should keep stocks heading higher March 27, 2011 AFTER their biggest weekly gain for six months, European stocks could well press even further ahead on this morning’s open. In out-of-hours trading, GFT is forecasting the UK’s FTSE 100 index to open up 12 points from Friday’s close at 5,912. The German DAX is quoted to open up 14 points at 6,960 and the [...]
Renting a room or other assets brings handy added income October 21, 2010 Nationwide Building Society’s UK consumer confidence index plunged nine points to 53 in September – its lowest level in over a year – as consumers fretted over looming job losses and higher prices. Jittery consumers are pulling in their purse-strings in this new age of austerity, but some entrepreneurial spirit could help you boost your [...]