Jonnie Peacock smiles despite failing to medal in Paralympic Games as Sherman Guity Guity claims gold
Kingfisher hopes efficiency savings will recover ground February 22, 2013 KINGFISHER is looking to further efficiency savings to offset a worse than expected sales fall and allow it to meet full-year profit forecasts. The group, which owns B&Q in the UK as well as Castorama and Brico Depot in France, has been hit along with other European retailers by a weak demand for “big ticket” [...]
Aston Martin drops supermini Cygnet vehicle from its range October 8, 2013 BRITISH luxury sports car maker Aston Martin has ended its foray into the supermini segment by dropping its Cygnet city car from the range after poor sales, a source close to the company said. The source said Aston Martin’s two-door Cygnet, which was based on the Toyota iQ, had been dropped from the company’s line-up [...]
Reed Elsevier sells tech group back to founder October 7, 2013 BRITAIN’S fastest growing technology company MVF yesterday announced that it has bought back Approved Index, the business that its founder sold to Reed Elsevier in 2008. Titus Sharpe sold Approved Index to the FTSE 100 firm five years ago, before using the proceeds of the sale to found MVF, which uses technology to win customers [...]
LondonMetric makes first buy January 31, 2013 LondonMetric Property has snapped up six retail warehouses for £92.4m, its first acquisition since the company was created through the merger of London & Stamford Property and Metric Property Investments this month. The retail parks, all near London, are 98 per cent let to tenants including B&Q and Halfords, it said yesterday.
What the other papers say this Morning December 6, 2012 FINANCIAL TIMES Regulator sat in on Deutsche audits German regulators were briefed about Deutsche Bank’s valuation of a clutch of complex derivatives now under investigation by the Securities and Exchange Commission. The revelation potentially sets up a transatlantic regulatory conflict with US investigators. Deutsche reiterated a statement that the allegations were “wholly unfounded”. The bank’s [...]
Henderson sells £184m portfolio November 20, 2012 Henderson Global Investor has sold 24 remaining assets in its debt-laden CMBS Caspar regional property fund for £184m to buy-out firms Mountgrange and Patron Capital, the property asset manager announced yesterday. Mountgrange and Patron have in turn sold on seven of the warehouses and sites based in London and the south east, to CBRE Global [...]
What are Kingfisher’s growth prospects? November 29, 2012 JAMES GRZINIC JEFFERIES Kingfisher confirmed deteriorating French and Polish demand, with B&Q’s UK sales also subdued. On a more positive note, a resumption in gross margin shows how self-help is an important driver to offset macro challenges. FREDDIE GEORGE SEYMOUR PIERCE The results were broadly in line with expectations…We continue to be concerned that the [...]
Co-op poaches new group chief from Kingfisher December 19, 2012 THE Co-operative Group has hired a senior retail executive with no prior financial services experience to be its new chief executive, as it prepares to expand the size of its banking business. The banking and supermarket conglomerate said Euan Sutherland, currently chief operating officer at home improvement retailer Kingfisher, will replace Peter Marks when he [...]
Wincanton swings back to profit November 12, 2012 Supply chain company Wincanton returned to profit in the six months to September, posting pre-tax profits of £13m, up from a loss of £13.6m over the same period in 2011. Over the past six months, it has won several contracts in the retail sector, notably with B&Q and with Morrisons to operate a convenience distribution [...]
FTSE ends week little changed November 30, 2012 The FTSE 100 closed down slightly today, as mid-session gains vanished by the end of the day. The flagship index was down 0.06 per cent at 5,866.82 but November still finished as one of the best-performing months of the year for London stocks. The markets were hit by this afternoon’s release of figures showing record-high [...]