Kingfisher to step up expansion March 24, 2011 Kingfisher plans to step up its expansion as well as measures to boost profit margins, as it battles tough trading conditions in many markets. The group, which runs market leader B&Q in its home market and Castorama and Brico Depot in France and elsewhere, met forecasts with a 23 per cent rise in full-year profit [...]
City AM interview Paul Fisher of the Bank of England February 23, 2012 Senior Bank of England official Paul Fisher was interviewed on Wednesday 22nd February 2012, by Allister Heath and Julian Harris from City A.M. The edited transcript is as follows: Paul, would you like to start with how you see the outlook at the moment? I think it continues to be a story where the outlook [...]
SELL August 4, 2011 Managing Director of central London ESTATE AGENCY KAY & CO Q.I am contemplating putting my flat on the market, but have been told that the summer is not the best time as many people are away and the market is quieter. What do you think? A.While this is true and many people do wait until [...]
FIT AND PROPER TEST July 6, 2011 Q.COULD OFCOM STOP NEWS CORP’S BID FOR BSKYB? A.No. But it could intervene once News Corp has bought the satellite company and withdraw its broadcasting licence on the grounds that it is not a “fit and proper” owner of television channels. Q.IS OFCOM LIKELY TO SAY NEWS CORP DOESN’T PASS THE TEST? A.It doesn’t have [...]
ANALYST VIEWS: IS KINGFISHER’S RECOVERY SUSTAINABLE ? February 17, 2011 PHILIP DORGAN | ALTIUM SECURITIES Kingfisher could, over the long term, double its business in Poland and Spain, treble in Turkey and quadruple in Russia, with China moving towards profitability. It also has potential to improve profits further in the UK. All of this should drive decent earnings growth, cash generation and higher returns. KEITH [...]
UBS CHIEF’S MOUNTAIN MISSION IMPOSSIBLE April 12, 2011 IT’S NOT every day The Capitalist finds herself talking to a senior banker as he shelters from the wind halfway up the world’s tallest mountain. But yesterday that was exactly the scenario for an interview with David Tait, managing director of macro directional trading at UBS Investment Bank, as he prepares to embark on his [...]
HOW TO GET DRESSED: HAND BAGGAGE ONLY July 28, 2011 FOUNDERS OF ROUS ILAND MEMBERS’ BOUTIQUE, WWW.ROUSILAND.COM Q. I’m going to Ibiza for a long weekend with my boyfriend. We’re just taking hand luggage to avoid the cheeky baggage charge on Easyjet – how will I get my beach, day and party looks all in my carry on? A. A long weekend on a party [...]
Cheshire joins Whitbread to replace Tesco bound Clarke January 27, 2011 WHITBREAD has appointed Ian Cheshire, pictured left, as a non-executive director to replace Philip Clarke. The pub group said yesterday Clarke, pictured right, will be stepping down from the board when he takes up the chief executive role at Tesco in March, replacing Sir Terry Leahy at the supermarket giant. Cheshire, who will start his [...]
Ian Cheshire to join the DWP board as non-exec January 31, 2011 IAN Cheshire has been appointed as the lead non-executive member on the Department for Work and Pensions (DWP) board. The outspoken Kingfisher chief executive is no stranger to politics. He threw his weight behind a high profile campaign by the Tories to reverse a hike in National Insurance, proposed by Labour before their election defeat. [...]
FTSE rallies on strong corporate news March 25, 2011 Strong corporate earnings data have pulled stocks back to levels prior to Japan’s earthquake and tsunami crisis today despite fresh unrest spreading in the Middle East. The FTSE 100 closed up 0.34 per cent at 5,900.76 as traders bought into undervalued stocks and positive broker notes while remaining unfazed by geopolitical issues. “The speed of [...]