Gleacher Shacklock revenues defy collapse of giant BAE deal September 23, 2013 CORPORATE finance advice group Gleacher Shacklock is set to report strong revenues growth for 2012, it emerged yesterday. The partnership ran into trouble late last year as the $18.4bn (£11.5bn) proposed merger of defence firms BAE System and EADS fell apart. Revenues at the advisory group edged up £66,000 to £15m, according to accounts seen [...]
Snoozebox hopes to make beds for hospitals and local authorities September 10, 2013 PORTABLE hotel company Snoozebox hopes that a move into construction sites, hospitals and temporary housing will bed down the new management’s plans for growth. The company, which started life offering beds in shipping containers during motoring events, is hunting for new business after replacing its top team in April amid “serious financial and commercial issues”. [...]
End of M: Doors of PR firm close for good August 29, 2013 THE EXODUS from M Communications, the top flight financial public relations agency founded by City veterans Nick Miles (pictured) and Hugh Morrison has finally come to a grinding halt, as the firm, for all intents and purposes, has now ceased trading. A mole told The Capitalist yesterday that the plug was being pulled today, although a [...]
What you need to know before the open – 03/10 October 3, 2013 European markets are set to open mixed, with the FTSE slightly up. Things have calmed somewhat in Italy after Berlusconi climbed down, agreeing to support Enrico Letta. The dollar remains down as eyes are still on the US, with concessions failing to be forthcoming in budget talks and markets bracing for ongoing shutdown. ETX Capital [...]
Morrisons says Christmas sales disappointing January 7, 2013 MORRISONS chief executive Dalton Philips yesterday defended his strategy for the group after the grocer confirmed its position as the turkey among “the big four” this Christmas. The grocer reported a 2.5 per cent slump in like-for-like sales in the six weeks to 30 December, despite the help from an extra pre-Christmas trading day compared [...]
What you need to know before the open – 15/10 October 15, 2013 Economic confidence in the US is dwindling as we enter day 15 of shutdown, although markets don't seem too worried at present. Equity markets continue to display confidence that a US Senate agreement could be reached this week, but the shift to Congress, with its Republican majority, will throw up deeper disagreements. The lack of [...]
Bottom Line: A global web player that is best of British September 19, 2013 ANYONE who said there was no space in the internet retail revolution for British business may have to start eating their words. On the heels of Ocado’s return to form thanks to a licensing deal with Morrisons comes this startling set of numbers from Asos. They confirm the online fashion retailer’s extraordinary achievement. In little [...]
Tesco hopes to win back sales with new items October 6, 2013 TESCO will today unveil a revamped version of its Finest range, which Britain’s biggest supermarket hopes will win over shoppers and shareholders following grim half-year results. The FTSE 100 firm, whose market share is dipping as the discount supermarkets grow, is expected to lay out 1,500 new or redesigned products ahead of the Christmas rush. [...]
Morrisons reveals worsening pre-Christmas sales January 7, 2013 Supermarket Morrisons posted declining sales in the run-up to Christmas this morning, as it admitted its sales were “disappointing”. Over the six weeks to 30 December, total sales excluding fuel were down by 0.5 per cent. Like for like sales suffered a larger drop, down by 2.5 per cent over the period, the retailer said [...]
Before the Open – 02/09 September 2, 2013 There's some continued uncertainty as we head towards the open this morning. US President Obama's comments over the weekend have prolonged a decision over Syrian, keeping markets jittery. CMC Markets' Michael Hewson: Europe's markets look set for a positive start as oil prices fall back and economic data comes back into focus. We've got a [...]