Banker Dunguib could be a damp squib for bookies March 15, 2010 Here we are at last at the best week of the year – it feels like Christmas, birthday, and New Year’s Eve all rolled into one. But what we all want to know is who’s going to win, where’s the money going and which of the contenders have us bookies running scared? And this year [...]
Warburg, maker of the modern City July 4, 2010 WITH a tan topped up over the weekend by a stay on a Greek island and his TV don’s hair – which looks like a tame version of Melvyn Bragg’s – a crisp white shirt, relaxed manner and a gentle Scottish accent, Niall Ferguson is without doubt a smoothy-chops. He’s also one of the best-known [...]
Warburg, maker of the modern City July 4, 2010 WITH a tan topped up over the weekend by a stay on a Greek island and his TV don’s hair – which looks like a tame version of Melvyn Bragg’s – a crisp white shirt, relaxed manner and a gentle Scottish accent, Niall Ferguson is without doubt a smoothy-chops. He’s also one of the best-known [...]
Top execs quit Game Group as profits dive April 21, 2010 THE chief executive and chief operating officer of Game Group stepped down yesterday after the retailer said that full-year profits had fallen by nearly a third to £90m and sales had continued to tumble. Game, which in January issued a second profit warning just over a month after poor Christmas sales, said Lisa Morgan had [...]
Morrisons is Xmas winner as sales surge January 21, 2010 SUPERMARKET chain WM Morrison posted the biggest rise in Christmas sales among Britain’s top four grocers – but urged caution about 2010. Sales at stores open at least a year rose 6.5 per cent, excluding petrol and VAT, in the six weeks to 3 January. Total revenue rose by 10.8 per cent for the period. [...]
Union loses legal scrap with BA February 19, 2010 THE Unite union has failed in a High Court action against British Airways over a shake-up up in the way they work. It claimed the changes – including freezing pay and cutting crew on long-haul flights – were introduced without consultation. The union had been set to strike over the issues over Christmas, but a [...]
Qinetiq braced for heavy cuts March 7, 2010 QINETIQ chief executive Leo Quinn looks set to announce a number of stinging cost cutting measures in order to stem the losses at the defence group. The Hampshire based company was forced to issue two profit alerts in the last few months, warning that the cost of war in Afghanistan had resulted in lower spending [...]
Morrison beats rivals with festive sales boost January 21, 2010 SUPERMARKET chain Morrison posted the biggest rise in Christmas sales among Britain’s top four grocers – but urged caution about 2010. Sales at stores open at least a year rose 6.5 per cent, excluding petrol and VAT, in the six weeks to 3 January. Total revenue rose by 10.8 per cent for the period. Morrison, [...]
Home Retail ups forecast March 11, 2010 HOME retail Group – which owns Argos and Homebase – has tipped its pre-tax profit for the year to come in at £290m. The figure is slightly ahead of its earlier forecast of £285m for the year to 27 February. Argos sales fell 9.4 per cent while sales at its home improvement operation Homebase declined [...]
FIT FOR A KING February 8, 2010 IT’S HARD to say whether a picture of a City grandee has ever tickled The Capitalist quite as much as this gem, which shows Bank of England governor Mervyn King taking a ride on a dog sled at the G7 summit last week in the remote Arctic city of Iqaluit in Canada. Our Merv, kitted [...]