Hargreaves lambasts bill for bust firms February 10, 2011 THE FOUNDER of fund manager Hargreaves Lansdown has warned a controversial compensation scheme could put firms out of business, resulting in spiralling costs for the financial services industry. Peter Hargreaves said the Financial Services Compensations Scheme (FSCS) levy, which hit his firm for £3m last year, said some companies would be unable to pay the [...]
THE RISE OF THE BRAND ASSASSIN March 20, 2011 SERIAL ENTREPRENEUR AFTER receiving a healthy sum of birthday money from his rather indulgent grandparents, my son resolved to spend it on an Xbox 360. PC World was a full £25 cheaper than my usual first stop shop, Amazon. Deal done, order placed, but no item arrived. Days passed, phone calls were made, confusing emails [...]
THE RISE OF THE BRAND ASSASSIN March 20, 2011 SERIAL ENTREPRENEUR AFTER receiving a healthy sum of birthday money from his rather indulgent grandparents, my son resolved to spend it on an Xbox 360. PC World was a full £25 cheaper than my usual first stop shop, Amazon. Deal done, order placed, but no item arrived. Days passed, phone calls were made, confusing emails [...]
BEST OF THE BROKERS January 23, 2011 ASSOCIATED BRITISH FOODS Deutsche Bank rates the consumer group “sell” with a target price of 950p. The broker has downgraded its earnings per share forecast by two per cent thanks to falling sugar yields after the snow and margin pressure in some divisions. It also warns that Primark’s sales growth is continuing its slow-down. MAN [...]
Investors in SANE states: keep calm and carry on February 17, 2011 AT the start of the year, investment opportunities seemed aplenty for those seeking exposure to Africa. The London Stock Exchange announced that the HSBC MSCI South Africa ETF, launched yesterday, brought the total number of London-listed exchange-traded funds (ETFs) based on emerging market indices to 75. South Africa, Algeria, Nigeria and Egypt find themselves following [...]
Domino’s seessales lift due to World Cup July 12, 2010 DOMINO’S Pizza yesterday reported a 29 per cent increase in first half pretax profit as sales were boosted by the World Cup and the company’s sponsorship of ITV hit Britain’s Got Talent. Domino’s, which operates the British and Irish franchises of the global delivery brand, made a pre-tax profit of £17.5m in the half year [...]
Domino’s seessales lift due to World Cup July 12, 2010 DOMINO’S Pizza yesterday reported a 29 per cent increase in first half pretax profit as sales were boosted by the World Cup and the company’s sponsorship of ITV hit Britain’s Got Talent. Domino’s, which operates the British and Irish franchises of the global delivery brand, made a pre-tax profit of £17.5m in the half year [...]
THE TIPSTER January 5, 2011 After hitting 28-month highs earlier this week, the Dow Jones Industrial Average fell back slightly on Tuesday to lows of 11,636.88 in intra-day trading. However, yesterday’s rally showed traders are positive about the index, which has rallied hard since trading below 10,000 as recently as 31 August. With analysts predicting a positive year ahead, traders [...]
Next update set to show snow losses January 3, 2011 SEVERAL consumer bellwethers are due to reveal Christmas trading figures this week, with Next, Domino’s Pizza and Clinton Cards kicking off the first reporting season of the year. Clothing retailer Next is due to reveal in a trading update on Wednesday how snow disruption and consumer spending pressures have affected sales over the 24 weeks [...]
Next update set to show snow losses January 3, 2011 SEVERAL consumer bellwethers are due to reveal Christmas trading figures this week, with Next, Domino’s Pizza and Clinton Cards kicking off the first reporting season of the year. Clothing retailer Next is due to reveal in a trading update on Wednesday how snow disruption and consumer spending pressures have affected sales over the 24 weeks [...]