Mild autumn boosts profit at Kingfisher December 1, 2011 KINGFISHER posted better-than-expected third quarter profits yesterday, after the unseasonally mild autumn weather helped boost sales at the retailer’s stores in the UK and France. Europe’s biggest DIY company, which runs over 800 stores across the continent, posted a 13.9 per cent rise in operating profit to £273m in the the 13 weeks to 29 [...]
Mild autumn boosts profit at Kingfisher December 1, 2011 KINGFISHER posted better-than-expected third quarter profits yesterday, after the unseasonally mild autumn weather helped boost sales at the retailer’s stores in the UK and France. Europe’s biggest DIY company, which runs over 800 stores across the continent, posted a 13.9 per cent rise in operating profit to £273m in the the 13 weeks to 29 [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2012 Signia Wealth Signia Wealth has appointed Martin King as managing director to lead its new Birmingham office, which will serve ultra high net worth individuals in the West Midlands as part of CEO Nathalie Dauriac-Stoebe’s expansion plans for the business. King joins the wealth manager from UBS Wealth Management, where he founded the Midlands office [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2012 Signia Wealth Signia Wealth has appointed Martin King as managing director to lead its new Birmingham office, which will serve ultra high net worth individuals in the West Midlands as part of CEO Nathalie Dauriac-Stoebe’s expansion plans for the business. King joins the wealth manager from UBS Wealth Management, where he founded the Midlands office [...]
Banks lead FTSE fight back July 19, 2011 The FTSE 100 fought back on opening today with banks recovering some of the ground they lost yesterday after the Eurozone debt crisis and US economic uncertainty sapped confidence. Following a grim session the financial sector found its feet today, clawing back losses which were partly triggered by analysts criticising European bank stress tests. Barclays [...]
House prices supported by rising activity November 7, 2011 HIGHER activity in the property market has propped up house prices, according to two leading surveys of the industry. Yet while the market has perked up, activity remains slow by historical standards, with prices largely remaining flat over recent months. The Halifax reported a surprise 1.8 per cent spike in house prices last month compared [...]
Five weeks for Hoare Govett to learn its fate January 16, 2012 HOARE Govett, the stockbroker being sold by the beleaguered RBS bank, has already lost two blue chip clients in GlaxoSmithKline and Amlin as clients fret over its fate, so it is comforting to learn that it might know its new home in around five weeks time. Of course, in an ideal world, its future would [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 16, 2012 FINANCIAL TIMES MORRISON COOLS INTEREST IN IRELAND Wm Morrison’s interest in Iceland Foods is cooling, raising doubts about whether Britain’s fourth biggest supermarket chain by market share will mount a £1.5bn bid for the frozen food specialist. Morrison was one of the companies expected to make an offer for Iceland Foods, for which second round [...]
No chance of a Christmas rest as markets stay under pressure December 18, 2011 AFTER failing to break above resistance at 5,600 (the 61.8 per cent Fibonacci Retracement of this year’s May-to-August sell-off) last week, the FTSE100 pulled back sharply. Sentiment turned negative following another botched EU summit. While the UK has been labelled the villain for vetoing treaty changes, the fact is that EU policymakers remain unwilling to [...]
No chance of a Christmas rest as markets stay under pressure December 18, 2011 AFTER failing to break above resistance at 5,600 (the 61.8 per cent Fibonacci Retracement of this year’s May-to-August sell-off) last week, the FTSE100 pulled back sharply. Sentiment turned negative following another botched EU summit. While the UK has been labelled the villain for vetoing treaty changes, the fact is that EU policymakers remain unwilling to [...]