Jessops warns of further losses as downward spiral continues August 19, 2009 PHOTOGRAPHIC retailer Jessops yesterday reported gloomy trading figures, with sales down 4.7 per cent in the 12 weeks to 16 August. The group said it still expects to post a loss for this financial year because of the difficult retail environment. The recent fall in sales comes after a 3.6 per cent drop in the [...]
Jessops warns of further losses as downward spiral continues August 19, 2009 PHOTOGRAPHIC retailer Jessops yesterday reported gloomy trading figures, with sales down 4.7 per cent in the 12 weeks to 16 August. The group said it still expects to post a loss for this financial year because of the difficult retail environment. The recent fall in sales comes after a 3.6 per cent drop in the [...]
THE LONDON REPORT September 29, 2009 THE FTSE 100 closed marginally lower yesterday as buoyant financials struggled against disappointing US data, falls from miners and Vodafone. The index closed 5.98 points, or 0.1 per cent, lower at 5,159.72, after a choppy day of trading, having ended Monday’s session 1.6 per cent firmer. Miners were among the biggest laggards, with investors plagued [...]
BRUNSWICK CAUSES A STIR WITH PUBLIC AFFAIRS ROLE IN BRUSSELS August 6, 2009 A COUP for City PR outfit Brunswick, which is on the cusp of a lucrative new contract to advise HSBC on its public policy over in Brussels. Brunswick boss Alan Parker has long been chummy with HSBC chairman Stephen Green, so the tie-up shouldn’t come as too much of a surprise. But though some in [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
THE LONDON REPORT September 24, 2009 BRITAIN’S leading share index lost 1.2 per cent yesterday as a weak US housing report and cautious comments from the Bank of England governor raised investor concern over the pace of economic recovery. At the close, the FTSE 100 was 60.10 points lower at 5,079.27, finishing below the 5,100 level for the first time in [...]
China faces 413m bank fraud August 5, 2009 China is dealing with its largest suspected bank fraud, after the chairman of a large property firm, Canton Properties, appeared in court yesterday facing allegations over a 4.8bn yuan (£413m) scam. Wang Sheng is believed to have obtained a number of illegal loans from Bank of Communications, a state controlled lender, 18.6 per cent owned [...]
Alistair Darling is being unfair to Lloyds October 13, 2009 ONCE again, the government has got it completely wrong on Lloyds Banking Group. Chancellor Alistair Darling should be happy that the bank is trying to raise private funding to remove itself from the asset protection scheme, a flawed contraption which never really made any sense. Instead, however, the Treasury is turning the screws on the [...]
FTSEcloses at one-year high as energy and mining rally October 12, 2009 RALLYING energy stocks and miners, spurred by firmer commodity prices and growing optimism on the corporate outlook and global economy, helped the top share index to its highest close in over a year yesterday. Global equity markets were given a shot in the arm by forecast-beating results from Philips ahead of earnings from other major [...]