Strength in energy issues is offset by weakness in miners January 11, 2010 BRITAIN’S leading share index ended flat yesterday with strength in energy issues countering a sell-off in miners, weak financial issues and uncertain progress on Wall Street. At the close, the FTSE 100 index was up 3.83 points, or 0.1 per cent, at 5,538.07, having touched a 16-month intraday peak of 5,600.48 early in the session. [...]
Ross returns to the City as Cosalt chair November 30, 2009 DAVID Ross, the co-founder of British mobile phone retailer Carphone Warehouse, has returned to the City as chairman of marine safety group Cosalt, months after he stepped down from this post in the wake of a share disclosure row. In December last year Ross quit a series of high-profile roles when it emerged he had [...]
US retail chains look to get a foothold in the British market November 8, 2009 VICTORIA’S Secret is crossing the Atlantic as part of a wave of US companies looking to establish a foothold in the UK and Europe. The US lingerie retailer is owned by Limited Brands, which has announced plans for international expansion. It follows news that Gap-owned Banana Republic, the smart-casual clothing chain which already has a [...]
M&S and ITV brighten up dull day of trading for FTSE November 18, 2009 THE UK’s main market ticked down slightly yesterday, as an unexpected drop in US housing figures spooked investors and weakness in food retailers and tobacco firms outpaced gains in miners and energy companies. The FTSE100 closed 0.1 per cent lower at 5,342.13 with Cable & Wireless, Unilever, Vodafone and HSBC going ex-dividend. Marks & Spencer [...]
Santander able to bid for RBS assets November 1, 2009 Spanish bank Santander has been cleared to bid for Royal Bank of Scotland’s business-focused branches when the bank’s assets are divested under plans being drawn up. Competition rules agreed between London and Brussels will ensure that no purchase of the assets will push the buyer’s market share in the specific market past 15 per cent. [...]
Santander able to bid for RBS assets November 1, 2009 Spanish bank Santander has been cleared to bid for Royal Bank of Scotland’s business-focused branches when the bank’s assets are divested under plans being drawn up. Competition rules agreed between London and Brussels will ensure that no purchase of the assets will push the buyer’s market share in the specific market past 15 per cent. [...]
THE LONDON REPORT November 4, 2009 LONDON’S leading shares ended 1.4 per cent higher yesterday, boosted by a rebound from miners and banks, with retailers Next and Marks & Spencer also higher after posting forecast-beating figures. At the close, the FTSE 100 was up 70.68 points at 5,107.89, recouping all of Tuesday’s losses when the index fell 1.3 per cent to [...]
US and Asia retail sales buoy the Pru October 28, 2009 INSURANCE giant Prudential yesterday reported a 10 per cent year-on-year rise in third-quarter retail sales, reflecting its focus on its profitable US and Asian operations. Chief executive Tidjane Thiam, in his first statement as head of the group, said that total retail sales grew to £699m in the period. Retail sales for the first nine [...]
US and Asia retail sales buoy the Pru October 28, 2009 INSURANCE giant Prudential yesterday reported a 10 per cent year-on-year rise in third-quarter retail sales, reflecting its focus on its profitable US and Asian operations. Chief executive Tidjane Thiam, in his first statement as head of the group, said that total retail sales grew to £699m in the period. Retail sales for the first nine [...]
THE TIPSTER CHRISTMAS WILL BE KEY FOR TED BAKER November 22, 2009 DESIGNER retail brand Ted Baker indicated that business has been good in recent interims as consumers reacted positively to its current collections. It has seen an 18 per cent drop in profits this year, but sales were up 19.8 per cent from this time last year. Ray Kelvin, its CEO, expects it to weather the [...]