Nintendo hit as high yen takes its toll on business October 28, 2010 NINTENDO yesterday reported a half-year loss after being hit by falling sales and the high value of the yen, which lowers its overseas earnings. The Japanese computer games firm posted a net loss of 2bn yen (£15.6m) for the six months to 30 September. This compares with a net profit of 69.5bn yen for the [...]
John Lewis sees £88m in week’s sales November 22, 2010 SHOPPERS have been flocking to buy goods in the run up to Christmas, according to John Lewis’ latest sales figures, released today. Last week £88m was spent in the department store, a 12 per cent jump from the same time last year. New gadgets are selling well, such as Kindle Readers, iPads, iPods and SLR [...]
Banks propel FTSE upwards after interest rates decision December 9, 2010 BANKS helped Britain’s top shares rise yesterday after the Bank of England kept interest rates and quantitative easing measures unchanged, while US jobs figures raised hopes that a recovery was under way. The FTSE 100 was up 13.43 points, or 0.2 per cent, at 5,807.96, eradicating Wednesday’s losses, though gains were muted, with some traders [...]
Securitas eyes new UK deals November 17, 2010 THE chief executive of Securitas, one of the world’s largest security companies, is warning that the global threat posed by terrorism is escalating while vigilance at airports means travellers will have to pay the price with longer queues. The company Alf Goransson leads provides security at four airports in the UK, including Liverpool and the [...]
Greene King posts “strapping” interims December 3, 2010 BREWER and pub group Greene King today released interim results to toast, with profit before tax increasing 17 per cent to £73m. The better-than-expected results were driven by strong food sales and expansion of its managed pubs arm, and saw group revenues rise 4.2 per cent, to £484m from £464.5m a year earlier, in the [...]
Greene King posts “strapping” interims December 3, 2010 BREWER and pub group Greene King today released interim results to toast, with profit before tax increasing 17 per cent to £73m. The better-than-expected results were driven by strong food sales and expansion of its managed pubs arm, and saw group revenues rise 4.2 per cent, to £484m from £464.5m a year earlier, in the [...]
THE TIPSTER December 8, 2010 Retailers have had mixed results recently with supermarket Tesco announcing bumper numbers and Game Group doing the opposite. HMV steps up to the plate today and investors will want to know if the Christmas season is providing a welcome uptick in sales. The share price has performed poorly so far in 2010 but it seems [...]
2011 is the year that London becomes the world’s best place to stay February 20, 2011 JUST when it seemed as though London couldn’t fit another slice of luxury into its five star-crammed hotel scene, along comes… well, everything. This has been a huge year for the capital. The completion of the spectacular £200m refurb of the Savoy sparked the buzz of excitement. Since then, Park Lane has seen the rebirth [...]
BLAIR WOOS LAWYERS WITH FOND MEMORIES November 22, 2010 CITY law firm Clifford Chance last night played host to a gathering of 250 of the City’s most prominent names in a one-off chance to hear from former Prime Minister Tony Blair. Blair blitzed into the event and had to run off to another engagement immediately afterwards, but in between he found time to cover [...]
THE TIPSTER December 1, 2010 Few retail stocks have managed to see their share price recover to the halcyon days of 2007, but Carphone Warehouse has recently achieved that feat with the stock now eyeing the 400p level. Clearly the Christmas season has the potential to bring further cheer for the stock. Furthermore, given the ongoing tide of innovation in [...]