UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
FTSE 100 falls on negative investor sentiment September 4, 2012 The blue chip index lost yesterday’s gains as shares across the board fell, as investors were cautious over muted economic data. Data out today from the British Retail Consortium showed that retail sales fell in August as the Olympics failed to encourage spending. Household goods manufacturer McBride led the fallers in early deals, down 6.44 [...]
McBride sees pressure on pricing ease as costs drop October 24, 2011 MCBRIDE, the UK’s biggest maker of own-brand cleaning and personal hygiene products, has said the cost of its raw materials has come down, leading to hopes that price pressures could be easing. McBride said yesterday its policy to use price rises to recover input costs was coming to an end, as the cost of raw [...]
McBride profits fall as market remains tough September 6, 2011 HOUSEHOLD and personal care producer McBride has seen its profits fall by 76 per cent in the year to 30 June. The own-label goods manufacturer’s end-of-year results, released yesterday, showed that pre-tax profits have dropped from £29.6m to £7.1m. McBride chief executive Chris Bull has said that the results can be best explained by the [...]
BEST OF THE BROKERS February 9, 2012 YOOX Goldman Sachs maintains its conviction “buy” rating on the Italian online fashion retailer with a target price of €16.80, after it reported strong full-year 2011 sales, implying fourth-quarter revenues nine per cent ahead of company consensus. The broker believes Yoox is well-positioned within two growth trends – the expansion of internet retail and the [...]
BEST OF THE BROKERS January 26, 2012 CHEMRING Credit Suisse has downgraded the arms and defence group to “neutral” from “outperform” and lowered its target price to 420p from 460p, as well as reducing its 2012 earnings estimates by 15 per cent. The broker sees the firm as being in a “new norm” where growth is much weaker and order timing unpredictable, [...]
BEST OF THE BROKERS January 26, 2012 CHEMRING Credit Suisse has downgraded the arms and defence group to “neutral” from “outperform” and lowered its target price to 420p from 460p, as well as reducing its 2012 earnings estimates by 15 per cent. The broker sees the firm as being in a “new norm” where growth is much weaker and order timing unpredictable, [...]
Numis hires former Amazon exec September 13, 2011 Investment bank and broker Numis has taken on Brian McBride, the former head of Amazon’s UK operations, to sit on its advisory board. Numis set up the board to give the firm access to industry experts in a bid to widen its business. McBride follows in the footsteps of former BP chief executive and Vallares [...]
CITY MOVES | WHO’S SWITCHING JOBS September 12, 2011 Savills The property services firm has hired Iain Chapman as senior director of regional commercial leasing in Asia, based in Hong Kong. Chapman began his real estate career in Asia in 1990, joining Savills in 1995, before moving to Colliers in 2000, as director and co-head of Hong Kong commercial leasing. Chapman will work with [...]
ALSO OUT THIS WEEK FILMS, MUSIC, GAMES September 15, 2011 FILM 30 MINUTES OR LESS Action comedy with Jesse Eisenberg and Danny McBride. I DON’T KNOW HOW SHE DOES IT SJP stars in this film about a woman who juggles it all. ATROCIOUS Properly scary Spanish horror, made in the style of the Blair Witch Project. DVD PIRATES OF THE CARIBBEAN: ON STRANGER TIDES Absolute [...]