THE WEEK AHEAD November 13, 2011 COMPANY NEWS ● Today, Electrocomponents announces its results for the half year ended 30 September. The Oxford-based company is the world’s largest distributor of electronics and maintenance products and will be hoping that there are no blown fuses over the results. ● Lonmin, the platinum producer with the bulk of its operations in South Africa [...]
Burberry sales jump April 19, 2011 Luxury group Burberry said a strong finish to the year delivered a 33 per cent rise in underlying fourth-quarter sales and would result in full-year profit at the top end of expectations. The 155-year-old maker of raincoats and handbags said on Tuesday it made £390m of revenues in the three months ended March, excluding its [...]
Miners rise on China stats despite lingering euro fear January 17, 2012 BRITAIN’S top shares rose yesterday, aided by mining stocks after data from top metals consumer China eased worries over the demand picture, although fears of a Greek default kept a lid on the gains. The UK benchmark closed up 36.51 points, or 0.7 per cent, at 5,693.95, having earlier baulked just above the near-term 5,720 [...]
Miners rise on China stats despite lingering euro fear January 17, 2012 BRITAIN’S top shares rose yesterday, aided by mining stocks after data from top metals consumer China eased worries over the demand picture, although fears of a Greek default kept a lid on the gains. The UK benchmark closed up 36.51 points, or 0.7 per cent, at 5,693.95, having earlier baulked just above the near-term 5,720 [...]
Pharmaceuticals drag FTSE down December 20, 2011 Pharmaceuticals pegged the FTSE 100 index back early in trading today after AstraZeneca announced pipeline problems and lowered its earnings per share outlook. AstraZeneca, down 2.8 per cent, said it will take a $381.5m (£244m) pre- tax hit in the fourth quarter. The problems have arisen because a cancer treatment and antidepressant had failed tests. [...]
Chinese shoppers splash out after fashion week October 9, 2011 THE West End was boosted last month by record sales to Chinese shoppers in a wave of spending triggered by London Fashion Week. There was a 59 per cent increase in tax free shopping sales to tourists from the country in September compared with the previous month. The figures from Global Blue, which analyses shopping [...]
Burberry boss plots growth for London April 17, 2011 LUXURY retailer Burberry plans to expand “aggressively” in London, in a bid to improve on what are set to be strong half-year trading figures out tomorrow. Burberry, expected to report on-track underlying sales knocked slightly by a fall in revenues from disaster-hit Japan, is set to ramp up its existing growth plans for London in [...]
Burberry boost for Nomura March 30, 2011 The iconic clothing group Burberry has hired Nomura, the Japanese bank, to be one of its corporate brokers. Nomura will advise Burberry alongside Morgan Stanley and Bank of America Merrill Lynch. The appointment will be a boost for Nomura which also advises Tesco and Invensys. Nomura’s team comprised of Ed Matthews, Ed Peel, Ed Boyce [...]
BURBERRY UNVEILS FLAGSHIP BEIJING STORE April 13, 2011 LUXURY UK clothing brand Burberry launched its flagship Beijing store yesterday with a fashion show and concert in the Chinese capital, including a digital display of Burberry’s classic trench coats and checked umbrellas. The company expanded its operations in China last year by taking control of its franchised stores in the country, in a £70m [...]
THE TIPSTER September 26, 2011 WITH Thomas Cook set to serve up results later in the week, it’s difficult to see much cheer for the industry against the current economic backdrop. The company has already revised down guidance for the full year and even the prospect of plummeting oil prices is unlikely to deliver any positive sentiment. Current IG Markets [...]