Profits spike at Kingfisher September 8, 2009 KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]
Profits spike at Kingfisher September 8, 2009 KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]
Cadbury and Kraft bosses woo investors September 22, 2009 THE bosses of Kraft and Cadbury are holding a series of meetings in London this week to drum up support from investors in the bid battle for the Dairy Milk maker. Cadbury chief executive Todd Stitzer and Kraft boss Irene Rosenfeld yesterday attended the Bank of America Merrill Lynch global consumer and retail conference and [...]
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 [...]
Funds buy up UK property August 10, 2009 PROPERTY fund managers are storming back into the UK market, believing the correction has now ended and bricks and mortar assets are looking cheap. Managers believe the collapse of the property bubble has created a wealth of investment opportunities, with Henderson’s Herald fund and F&C’s Commercial Property Trust both diving back in to the UK [...]
Large caps break 5,000 as travel gets its day in the sun September 9, 2009 THE FTSE 100 ended a week of waiting yesterday to pull itself above the 5,000 level by the close. The benchmark index rose by 1.2 per cent on the back of strong oil and bank stocks, as well as early gains on Wall Street. By the close the index was 56.96 points higher at 5,004.30, [...]
WHAT THE OTHER PAPER SAY THIS MORNING October 4, 2009 FINANCIAL TIMESBERMUDA LOOKS TO BECOME HUB FOR CAT BONDSBermuda is making a push to become a leading centre for catastrophe bonds and other forms of specialist insurance investment by creating a special type of regulatory regime. Matthew Elderfield, chief executive of the Bermuda Monetary Authority, expects the next wave of capital that enters the insurance [...]
JD Sports tackles Canterbury August 4, 2009 Rugby shirt maker Canterbury has been sold to sportswear retailer JD Sports Fashion in a £6.5m deal, brokered by KPMG. JD sports has bought the key trading assets and global rights to the brand, which sponsors the London Wasps rugby union team.
CITY MOVES WHO’S SWITCHING JOBS September 27, 2009 F&CF&C has appointed Philip Martin as Head of Proposition for its UK retail business. He was formerly at Nucleus Financial Group which he co-founded in 2006.Martin has worked at the Life Association of Scotland, Ivory & Sime and Scottish Life International. He ran his own strategic marketing and product development consultancy, Abacus, before co-founding Nucleus. [...]
Now there is a new way for traders to play forex markets November 18, 2009 WITH more than $3 trillion traded in the volatile foreign exchange markets every day, private investors have increasingly been angling for a slice of the action. And last week, exchange-traded funds (ETFs) provider ETF Securities launched a new way for individuals to gain exposure to the world’s most liquid market. The ETF-provider has launched Europe’s [...]