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 [...]
CITY VIEWS | HAS MARKS & SPENCER LOST ITS SPARK? May 22, 2012 PORTOLEIO MATTHEW CHARTIS I don’t think so. Its retail services are very good so this is just due to reduced profitability in the economy. If you compare it with Sainsbury or Tesco it is a much higher value brand and its bakery is exceptional. NATASHA RUSKINA IG GROUP No. I think this dip is just [...]
CITY VIEWS | HAS MARKS & SPENCER LOST ITS SPARK? May 22, 2012 PORTOLEIO MATTHEW CHARTIS I don’t think so. Its retail services are very good so this is just due to reduced profitability in the economy. If you compare it with Sainsbury or Tesco it is a much higher value brand and its bakery is exceptional. NATASHA RUSKINA IG GROUP No. I think this dip is just [...]
Before the open – 20/08 August 20, 2013 The UK's leading FTSE index is expected to open lower this morning as US equities see their first four day losing streak of 2013. The losses saw Asian markets down overnight with the Nikkei closing down 2.63 per cent. ETX Capital #morningcall: FTSE100 down 33 points, the DAX lower by 37 points and the CAC40 [...]
Chime snaps up pH Associates October 16, 2012 PR firm Chime Communication yesterday announced it had bought pH Associates, a pharmaceutical data provider, for £6.92m. The deal is comprised of nearly 90 per cent cash with 10 per cent surplus working capital of PHA after it joins Chime. PHA, which reported revenue of £1.7m and operating profit of £584,000 last year, is owned [...]
H&M SET ON GROWTH DESPITE POOR SUMMER September 29, 2011 HENNES & Mauritz pledged to push on with its aggressive expansion despite yesterday reporting its fourth consecutive fall in quarterly profits, as the strong Swedish currency and wet summer weather depressed sales in several key markets. Net sales for the third quarter were flat at SKr26.9bn (£2.5bn) while net profits fell 15.4 per cent to [...]
H&M SALES BEAT FORECASTS September 16, 2011 Swedish budget fashion group Hennes & Mauritz yesterday reported sales for August that smashed worries that gloomy consumer sentiment would dent appetite for new clothes. Total sales were up eight per cent against analysts’ expectations of 2.3 per cent. Turnover in the June-August quarter was 26.9bn crowns (£3.17bn) excluding VAT.
Former Brown minister Davies to chair Chime November 19, 2012 FORMER business minister and Standard Chartered chief Lord Mervyn Davies landed a new role as chairman of Chime Communications yesterday. Lord Davies, who served as Gordon Brown’s minister of state for trade, investment and small business from January 2009 until Brown left Downing Street in 2010, takes the role after Lord Bell stepped down to [...]
Before the open: FTSE expected up as markets wait for Carney’s Westminister appearance September 12, 2013 Predictions before open this morning are reasonably good for the FTSE with most traders predicting an increase. Bank of England governor Mark Carney will be present at the Treasury Committee Hearing for an inflation report this morning at 10.00. Morning ftse +3, Dow Flat, dax +25, Nikkei -80, H/s +70, SP 1689, Brent 111.57, Nymex [...]