What you need to know before the open – 14/10 October 14, 2013 With any hope of a weekend agreement on the US debt ceiling now dashed, last week's market optimism has been watered down. Budget talks are moving to the Senate, but there is still disagreement between the parties. #European markets look set to fall this morning, but not by much, with just three days to go [...]
Hargreaves Lansdown system crashes on Royal Mail trade October 11, 2013 There's been some significant annoyance for Royal Mail investors this morning as Hargreaves Landsdown systems buckle under the weight of trading: We are sincerely sorry for anyone who hasn’t been able to trade this morning and are doing all we can to meet client demand — Hargreaves Lansdown (@HLInvest) October 11, 2013 All available staff [...]
Hancock twins make sweet deal after selling the family business November 22, 2012 THE TWIN brothers behind the pick ‘n’ mix company Hancocks have sold the family business to a Dutch private equity firm for £50m. Andrew and Adrian Hancock have sold the Leicestershire-based cash and carry business founded by their parents 50 years ago to H2 Equity Partners, the group said yesterday. The sweets and chocolates specialist [...]
What you need to know before the open – 08/10 October 8, 2013 With US markets dipping last night, we can expect to see European markets open similarly lower, with the US impasse hampering any kind of notable data. Both China and Japan have expressed concern over the US stalemate and investment values, raising questions on how damaging it'll be to the country's reputation and to the global [...]
H&M sees sales fall October 17, 2011 Swedish budget fashion group Hennes & Mauritz reported a seven per cent drop in sales at established stores in September, in line with forecasts as weak consumer sentiment dents shoppers’ demand for new autumn wear. Analysts in a Reuters poll had forecast a drop of 6 percent in like-for-like sales. Estimates for the decline were [...]
Concern over Portuguese banks as second bailout looms September 25, 2013 Worries continue to mount over the health of the Portuguese banking sector. Analysts at Nomura find that the Portuguese banks underperformed the sector by nine per cent. When compared to other banks in the banks in the troubled Mediterranean companies the situation looks even more dire. When compared to Spain underperformance of the Portuguese banking [...]
H&M sales hit by warm September October 17, 2011 SALES at Hennes & Mauritz (H&M) the world’s second-largest fashion retailer, fell seven per cent on a like for like basis in September as unusually warm weather across Europe dented demand for autumn clothes. Last year total sales in September, the first month in H&M’s fiscal fourth quarter, rose 16 per cent at the group, [...]
H&M sales hit by warm September October 17, 2011 SALES at Hennes & Mauritz (H&M) the world’s second-largest fashion retailer, fell seven per cent on a like for like basis in September as unusually warm weather across Europe dented demand for autumn clothes. Last year total sales in September, the first month in H&M’s fiscal fourth quarter, rose 16 per cent at the group, [...]
Rangers score debut goal on London listing December 19, 2012 SHARES in Scottish football giant Rangers closed at 76p after their first day of trading on the Alternative Investment Market (AIM) yesterday, signalling a dramatic comeback for the club. The previous company that owned Rangers fell into liquidation earlier in 2012, but the club was rescued by a re-birth led by chief exec Charles Green. [...]
What you need to know before the open – 02/10 October 2, 2013 Most analysts are seeing the rebound in the markets yesterday as a sign that most believe US politicians will come to their senses sooner rather than later, with the hope that the head bumping won't become entwined with debates over the debt ceiling. European markets will this morning, however, be muted by uncertainty emanating from [...]