CITY VIEWS: ARE YOU GOING TO BE A BIG SPENDER THIS CHRISTMAS November 11, 2009 ANDREW DICKSON BARCLAYS GLOBAL INVESTORS“I tend not to spend much at Christmas anyway, so I’ll spend about the same amount as usual on presents. But I think retail sales could fare well this year, particularly because cheap prices will open up more opportunities for shoppers.” MATT GROVER TINDALL RILEY“I’m going to spend about the same [...]
It’s so great to beat the Aussies, admits Cameron May 24, 2010 PRIME MINISTER David Cameron gave England’s cricket heroes a big thumbs-up for their World Twenty20 success, admitting: It’s great to get one over the Aussies. Cameron invited the victorious squad, led by captain Paul Collingwood, to show off their trophy in the sun-drenched garden of Number 10 yesterday. The PM told the players how they [...]
British Airways staff to vote on Christmas strike action November 8, 2009 Passengers flying on British Airways over Christmas are bracing themselves for mayhem after 2,500 cabin crew backed union leaders’ decision to call a strike vote at a mass meeting. The ballot – in protest over the company’s imposed job cuts and two-year pay freeze – will start next week and close on 14 December. Unite [...]
Creditors give Christmas deadline for INM bond November 1, 2009 Creditors have given Independent News & Media until 23 December to finalise plans on the payment of a bond originally due in May. After being granted several extensions to the deadline on the €200m (£179m) bond, INM last month agreed a deal with bondholders that could give them a 47 per cent stake in the [...]
Creditors give Christmas deadline for INM bond November 1, 2009 Creditors have given Independent News & Media until 23 December to finalise plans on the payment of a bond originally due in May. After being granted several extensions to the deadline on the €200m (£179m) bond, INM last month agreed a deal with bondholders that could give them a 47 per cent stake in the [...]
Get ready for the gaming revolution August 18, 2010 YOUR City A.M. gadgets correspondent had a sneak preview of Xbox’s brand new Kinect sensor last week. The sensor, which will be on sale in November in time for Christmas, is an accessory to the new Xbox 360 that lets you play games just by moving your body – without a controller. As its makers [...]
Topps Tiles predicts upturn despite seeing profit dive in tough trading June 2, 2010 TOPPS Tiles yesterday posted a ten per cent fall in first-half adjusted pre-tax profit as consumers curbed spending amid the downturn and said it expected trading in the retail sector to remain tough. The company, which sells wood and tile flooring from 309 stores in Britain, said total revenue for the first seven weeks of [...]
Euro expected to stay painfully strong in run-up to Christmas November 10, 2009 AFTER only a few weeks of respite for European policymakers, the euro is once again edging back up to test the critical $1.50 level against the US dollar. So far, at least, momentum has been unable to carry the pair through this psychological resistance level for an extended period of time. Officials in the Eurozone [...]
Aurum back in profit after restructuring May 23, 2010 LUXURY jeweller Aurum Holdings announced earnings of £10.5m yesterday, a jump of 27 per cent, after refinancing last November. The parent company of Goldsmiths, Watches of Switzerland and Mappin & Webb made a post-tax profit of £0.1m in the year to January 2010, against a loss of £19.4m the previous year. While overall sales were [...]
Aurum back in profit after restructuring May 23, 2010 LUXURY jeweller Aurum Holdings announced earnings of £10.5m yesterday, a jump of 27 per cent, after refinancing last November. The parent company of Goldsmiths, Watches of Switzerland and Mappin & Webb made a post-tax profit of £0.1m in the year to January 2010, against a loss of £19.4m the previous year. While overall sales were [...]