Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
Tourism boosts Burberry October 13, 2010 luxury group Burberry expects full-year profit to reach the top half of analysts’ forecasts, after a 21 per cent rise in first-half revenue boosted by strong sales of coats and leather goods in China and Europe. The 154-year-old maker of raincoats and handbags, shortlisted in this year’s CityA.M’s inaugural awards, said its expansion in stronger [...]
Markets flee risk over eurozone debt contagion July 12, 2011 Fresh fears that the eurozone sovereign debt crisis could spread to states such as Italy and Spain sent shockwaves through stock markets today. The FTSE 100 fell rapidly this morning on fears that the debt contagion could engulf Italy, which is heavily indebted with a sluggish economy. It and other European markets recovered a little [...]
Markets flee risk over eurozone debt contagion July 12, 2011 Fresh fears that the eurozone sovereign debt crisis could spread to states such as Italy and Spain sent shockwaves through stock markets today. The FTSE 100 fell rapidly this morning on fears that the debt contagion could engulf Italy, which is heavily indebted with a sluggish economy. It and other European markets recovered a little [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 17, 2011 FINANCIAL TIMES TESCO TO TRIAL LOYALTY CARD AT US OPERATION Tesco is poised to trial a version of its successful Clubcard loyalty scheme in the US, as it strives to stem losses at its Fresh & Easy chain. Tim Mason, chief executive of Fresh & Easy, said the business, which currently has 176 stores and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 17, 2011 FINANCIAL TIMES TESCO TO TRIAL LOYALTY CARD AT US OPERATION Tesco is poised to trial a version of its successful Clubcard loyalty scheme in the US, as it strives to stem losses at its Fresh & Easy chain. Tim Mason, chief executive of Fresh & Easy, said the business, which currently has 176 stores and [...]
Samsonite sets price for its HK listing May 30, 2011 LUGGAGE maker Samsonite, backed by private equity firm CVC Capital Partners, moved closer to a $1.5bn (£911m) Hong Kong initial public offering, setting an indicative range for the deal yesterday as it bets on Asian demand for global consumer brands. Samsonite will join companies such as L’Occitane and luxury brands such as Prada and Coach [...]
RUDD’S 50TH BRINGS BIG BUSINESS TO SOMERSET June 19, 2011 THE SOMERSET economy received a much-needed boost over the weekend, when local taxis, security firms and caterers were booked out solidly for the 50th birthday celebrations of Finsbury boss Roland Rudd at his Grade 1-listed country pile. Around 400 City leaders and friends prioritised the PR-chief’s party over George Osborne’s 40th at the chancellor’s grace-and-favour [...]
THE WEEK AHEAD in association with GFT May 22, 2011 COMPANY NEWS ● British Land announces its results today. Recent good news includes the fact it has pre-let around a third of its Cheesegrater skyscraper to Aon. ● On Tuesday, Marks & Spencer will deliver its results. In 1941, the Westminster based retailer raised £5,000 to pay for a Spitfire fighter called “The Marksman”. Shareholders [...]
BEST OF THE BROKERS April 6, 2011 BURBERRY Nomura rates the luxury retailer “neutral” with a target price of £12. The broker expects the firm’s half-year trading update on 19 April to show a 14 per cent rise in like-for-like retail sales, which will make up 70 per cent of overall sales. While Nomura expects another vintage year from Burberry, it has [...]