Losses widen at Piccolino’s parent firm September 28, 2009 INDIVIDUAL Restaurant Company (IRC), the owner of the Piccolino and the Restaurant Bar & Grill chains, yesterday reported widening first half losses and said that it would put its expansion plans on hold this year. First-half pre-tax losses widened to £838,000, compared to £83,000 in 2008, despite a five per cent increase in revenues to [...]
Losses widen at Piccolino’s parent firm September 28, 2009 INDIVIDUAL Restaurant Company (IRC), the owner of the Piccolino and the Restaurant Bar & Grill chains, yesterday reported widening first half losses and said that it would put its expansion plans on hold this year. First-half pre-tax losses widened to £838,000, compared to £83,000 in 2008, despite a five per cent increase in revenues to [...]
Goldman sends LSE shares down despite praise for CEO October 21, 2009 The FTSE 100 was all about the power of the analyst today, with a number of individual movers spurred up or down by words of wisdom from the City’s finest. The London Stock Exchange (LSE) shed 2.2 per cent to close at 914p after Goldman Sachs cut its rating on the stock to “neutral” on [...]
Abbey takes Spanish brand January 11, 2010 SPANISH banking giant Santander yesterday signalled that it would join the growing ranks of buyers circling the branches being sold off by Northern Rock, Lloyds and Royal Bank of Scotland. Chairman Emilio Botín yesterday said that the bank would “take advantage of opportunities” in the UK. Branches up for sale include more than 300 from [...]
Weak banks and miners pull FTSEdown by one per cent October 26, 2009 THE FTSE 100 share index ended 1 per cent lower yesterday, with mining and energy stocks suffering as the US dollar rose and commodity prices fell, while a sharp decline in ING put pressure on financials. The index ended down 50.83 points at 5,191.74, having risen as high as 5,281.12 earlier in the session. It [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]
FSAwill test Lloyds’ plans September 2, 2009 LLOYDS Banking Group’s ambitious plans to launch a giant cash call in a bid to reduce its reliance on the government are thought to have been passed to the City watchdog for stress testing. The Financial Services Authority (FSA) is understood to have been called in to stress test the plans, to judge whether Lloyds [...]
FSAwill test Lloyds’ plans September 2, 2009 LLOYDS Banking Group’s ambitious plans to launch a giant cash call in a bid to reduce its reliance on the government are thought to have been passed to the City watchdog for stress testing. The Financial Services Authority (FSA) is understood to have been called in to stress test the plans, to judge whether Lloyds [...]
United profit withstands September 23, 2009 UNITED UTILITIES, the water company, said its forecast for underlying operating profits over the six months to the end of September were in line with expectations, despite cost pressures. United, which supplies around 7m customers across the north west, said revenue growth in its regulated business for the year would be lower than the six [...]