Comet owner Opcapita in talks to sell the electronics retailer October 18, 2012 OPCAPITA is in talks with three potential suitors over the sale of electronics retailer Comet, which it acquired less than nine months ago. The turnaround specialist is exploring a sale after receiving several unsolicited approaches. A person close to the deal told City A.M. the group is now holding talks with three interested parties including [...]
Burberry chief against female board quotas November 7, 2012 BURBERRY boss Angela Ahrendts yesterday spoke out against imposing quotas for women on boards as the luxury fashion brand reported better-than-expected half year profits. Ahrendts, who has been at the helm of Burberry since 2006, is one of only two women running FTSE 100 firms after Cynthia Carroll announced last month she is to step [...]
What the other papers say this morning November 25, 2012 FINANCIAL TIMES Microsoft in talks over Europe stores Microsoft is exploring the possibility of extending its showcase stores strategy to Europe as it bolsters the number of devices and appliances on its software platforms. Jenkins urged to axe Barclays unit Some of Barclays’ biggest investors have urged Antony Jenkins, the bank’s new chief executive, to [...]
Wall St rises as tax talks make trading volatile November 29, 2012 US stocks finished higher yesterday as investors bought on sporadic dips in a market roiled by conflicting comments from Washington about negotiations on an agreement to avoid the “fiscal cliff.” Tech shares, including Research In Motion and Advanced Micro Devices, helped the Nasdaq outperform the broader market. Telecommunications and health-care stocks were the day’s best-performing [...]
US market for housing sees solid recovery September 19, 2012 THE US housing market continued to recover in August, with housing starts, completions and new home sales rising, data revealed yesterday. Building permits slipped one per cent compared to July, Department of Commerce data showed, but this was the only negative piece of data – and still left them nearly a quarter up on August [...]
Grainger net asset value jumps as it focuses on the south east November 22, 2012 RESIDENTIAL landlord Grainger yesterday pledged to reduce its net debt to under £1bn over the next 12 months as it posted a strong set of full-year results. The FTSE 250 residential property owner-manager said net asset value increased 3.2 per cent to 223p for the year to 30 September, thanks to its focus on the [...]
Unfazed by viewings? Keen to sell? Keep your house on the market October 25, 2012 DIRECTOR, DOUGLAS & GORDON Q My flat has been for sale for 6 months and I think I should take it off and try again in the New Year. My agent doesn’t agree, who’s right? A Selling your home is stressful. Keeping your things in storage, having to keep your place tidy in case buyers [...]
Apple to reveal new iPad mini in crucial week October 22, 2012 APPLE is set for a test of investor confidence over the next week as chief executive Tim Cook gears up to announce a new version of the iPad just two days before the company releases its annual results. The Californian firm last week sent out invitations to a special event scheduled for tomorrow. It is [...]
Apple to reveal new iPad mini in crucial week October 22, 2012 APPLE is set for a test of investor confidence over the next week as chief executive Tim Cook gears up to announce a new version of the iPad just two days before the company releases its annual results. The Californian firm last week sent out invitations to a special event scheduled for tomorrow. It is [...]
Sales recovery provides relief for Burberry October 11, 2012 SHARES in Burberry surged yesterday as the luxury fashion house reported it had seen sales recover in recent weeks, while it blamed a slowdown in UK and China sales on the continued squeeze on middle class shoppers. Burberry finance chief Stacey Cartwright said while wealthy shoppers continued to spend, the “aspirational luxury consumer” – or [...]