Hernandez gets United back on track October 24, 2010 STOKE (1) vs MANCHESTER UTD (2) MEXICO striker Javier Hernandez reminded Wayne Rooney there was nothing wrong with the quality of Manchester United’s summer signings by firing the Red Devils to their first Premier League away win of the season. Following a crazy week in which the England talisman had declared his desire to leave [...]
Thorntons profit slumps with rising cocoa price taking its toll October 6, 2010 CHOCOLATE maker and seller Thorntons posted a 2.4 per cent fall in full-year profit as own store sales fell and said it expected market conditions to remain tough. The firm, which issued a profit warning in May, said yesterday it made a profit before tax of £6.1m in the year to 26 June. That compares [...]
Thorntons profit slumps with rising cocoa price taking its toll October 6, 2010 CHOCOLATE maker and seller Thorntons posted a 2.4 per cent fall in full-year profit as own store sales fell and said it expected market conditions to remain tough. The firm, which issued a profit warning in May, said yesterday it made a profit before tax of £6.1m in the year to 26 June. That compares [...]
Foyles profits surge after boom at London flagship September 23, 2010 Foyles bookshop yesterday announced profits ahead of expectations for the financial year with operating profits up five-fold year-on-year. Like-for-like sales grew by 9.7 per cent, following a bumper Christmas. The net pre-tax profit figure for the year ended 30 June was £335,935 whilst turnover grew by 1.9 per cent to £23.1m. The directors have once [...]
Desperate partners spell redundancies October 26, 2010 MCGRIGORS, a top Scots law firm, stunned the profession last week by announcing the first market-driven redundancies in the sector in the last 18 months. Some 40 staff – most of them lawyers – will lose their jobs. McGrigors has tried pretty much everything to avoid this: pay cuts, enforced unpaid holiday etc. But there [...]
Unite threatens fresh strike ballot as bullying feud ignites August 31, 2010 TENSIONS between British Airways (BA) and Unite were re-ignited yesterday over allegations of bullying as the trade union representing the airline’s cabin crew warned of a possible fresh wave of strikes to be held over the Christmas period. An unresolved dispute over bullying allegations made by the union and BA staff during the previous 22 [...]
British business eyes double dip September 12, 2010 British businesses are predicting a double-dip recession, according to a survey from accountants and business advisors BDO LLP published today. BDO’s optimism index – which reflects how businesses expect trading to develop two quarters ahead – tumbled to 93.1 in August from 95.5 in July, reaching levels not seen since the deepest parts of the [...]
Weak US employment figures give Fed room for fresh policy stimulus October 6, 2010 US private employers unexpectedly shed jobs in September, reinforcing the conviction that the US Federal Reserve as early as next month will embark on another round of monetary policy stimulus to support the economic recovery. ADP’s national employment report yesterday said US private employer payrolls fell by 39,000 jobs in September. The median forecast from [...]
THE TIPSTER October 3, 2010 SUPERMARKET J Sainsbury had a bumper summer with the share price plotting a course towards the 400p mark. The trading statement, due mid-week, has potential to bring buyers back in. For as long as talk of a double dip recession is kept at bay retailers may be in for a good Christmas. But be warned, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 23, 2010 FINANCIAL TIMES CAMERON WOOS NORDIC NATIONS David Cameron is to host a summit with leaders of Nordic and Baltic countries in January, an unusual move which Downing Street billed as an opportunity to exchange ideas on issues such as the green economy, social cohesion and gender equality. Cameron’s spokeswoman insisted the summit was not an [...]