Co-operative enjoys mutual benefits October 12, 2009 THE CO-OPERATIVE Group, Britain’s biggest mutually owned retailer, yesterday reported a 17 per cent rise in profits, boosted by strong food sales and acquisitions. The Co-op, which bought rival food retailer Somerfield and the Britannia Building Society earlier in the year, said pre-tax profits had jumped to £229m in the six months to 25 July. [...]
THE TIPSTER RETAILERS TRY TO BEAT THE RECESSION November 15, 2009 SO FAR, so good for the British retailers, it would seem. The likes of Marks&Spencer, Next and J Sainsbury have all released better-than-expected third quarter figures, and the latter is once again looking like an attractive proposition. Although lower food inflation might be expected to hit bumper sale figures, both the supermarket and its rival [...]
How to get yourself headhunted November 11, 2009 PEOPLE in the City are beginning to shift their feet. After sitting tight in their jobs throughout the downturn, workers are sniffing out new roles in increasing numbers, according to figures from recruitment firm Morgan McKinley – it said yesterday that the numbers of those looking for a new position in October were up six [...]
CITY MOVES WHO’S SWITCHING JOBS October 5, 2009 KPMGThe accountancy firm has appointed Rachel Campbell as global head of people, performance and culture and a member of its global executive team. Campbell is currently head of people for the firm’s European business and has led its award-winning “Employer of Choice” strategy in the UK. Prior to that, she was an audit partner specialising [...]
CITY MOVES WHO’S SWITCHING JOBS October 5, 2009 KPMGThe accountancy firm has appointed Rachel Campbell as global head of people, performance and culture and a member of its global executive team. Campbell is currently head of people for the firm’s European business and has led its award-winning “Employer of Choice” strategy in the UK. Prior to that, she was an audit partner specialising [...]
Business must help investors to join the dots December 2, 2009 THROUGHOUT the last decade, companies have expanded considerably the depth, breadth and reach of their financial communications to the market, in response to heightened investor and analyst demands and as a result of enhanced financial-reporting requirements. But the financial crisis has magnified market sensitivity to these communications – often described by analysts and investors as [...]
BEST OF THE BROKERS September 16, 2009 SAINT GOBAINGoldman Sachs removed Saint Gobain from its “buy” list and downgraded the stock to “neutral” following a period of outperformance. The broker upgraded its 12-month target price to €39, from €31.4, but said that there is limited upside relative to the sector average. Upside risks include stronger-than-expected rebound in European construction activity and faster [...]
BEST OF THE BROKERS September 16, 2009 SAINT GOBAINGoldman Sachs removed Saint Gobain from its “buy” list and downgraded the stock to “neutral” following a period of outperformance. The broker upgraded its 12-month target price to €39, from €31.4, but said that there is limited upside relative to the sector average. Upside risks include stronger-than-expected rebound in European construction activity and faster [...]
Galliford Try plans 126m rights issue September 10, 2009 CONSTRUCTION group Galliford Try yesterday announced plans for a £125.6m rights issue to raise funds for new developments and take advantage of the property sector upturn. “The rights issue proceeds will allow us to take advantage of the improved land market liquidity we are witnessing and build homes at attractive margins,” said chief executive Greg [...]
Galliford Try plans 126m rights issue September 10, 2009 CONSTRUCTION group Galliford Try yesterday announced plans for a £125.6m rights issue to raise funds for new developments and take advantage of the property sector upturn. “The rights issue proceeds will allow us to take advantage of the improved land market liquidity we are witnessing and build homes at attractive margins,” said chief executive Greg [...]