M&S profit falls May 22, 2012 Marks & Spencer posted a 1.2 per cent fall in full-year underlying profit, its first decline in three years, as even its relatively older and more affluent customers were touched by the economic downturn. Britain’s biggest clothing retailer, which also sells homewares and upmarket foods, said on Tuesday it made a profit before tax and [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
Bank rally helps steady FTSE May 21, 2012 The FTSE 100 was solid this morning despite the storm clouds – created by the Eurozone crisis – still hanging over markets. Over the weekend G8 leaders stressed their “imperative” was to promote growth and jobs and gave verbal backing for Greece to stay in the euro. But despite calls from the United States for [...]
Mitie profit rises as order book swells May 21, 2012 British outsourcing firm Mitie posted an 8.9 per cent rise in full year profit and said it was upbeat about growth prospects in the coming year as governments and businesses seek to cut costs and secure energy supply. Mitie, which provides catering, cleaning and maintenance services for clients like Vodafone, Tesco, and the British government, [...]
Mitie profit rises as order book swells May 21, 2012 British outsourcing firm Mitie posted an 8.9 per cent rise in full year profit and said it was upbeat about growth prospects in the coming year as governments and businesses seek to cut costs and secure energy supply. Mitie, which provides catering, cleaning and maintenance services for clients like Vodafone, Tesco, and the British government, [...]
Ryanair warns that profit to be dented by Eurozone May 21, 2012 Ryanair, Europe’s biggest budget airline, warned surging fuel costs and a worsening economic outlook meant profit would slip by up to 20 per cent in the coming year, the first fall in four years. The Dublin-based airline, which posted a record annual profit and has posted profit growth of at least 25 per cent every [...]
Ryanair warns that profit to be dented by Eurozone May 21, 2012 Ryanair, Europe’s biggest budget airline, warned surging fuel costs and a worsening economic outlook meant profit would slip by up to 20 per cent in the coming year, the first fall in four years. The Dublin-based airline, which posted a record annual profit and has posted profit growth of at least 25 per cent every [...]
Northern Rock cost taxapayers £2bn May 18, 2012 Northern Rock’s rescue has landed the taxpayer a bill of at least £2bn, an official report has found. The estimated losses are flagged by the National Audit Office (NAO) report into the nationalisation of the bank in 2008. The report accuses former chancellor Alistair Darling, for failing to look at the full consequences to the [...]
PHP completes £19m placing May 18, 2012 GP landlord Primary Health Properties (PHP) has raised £19m in a placing. The placing price of 305 pence will be used to fund acquisitions. Harry Hyman, managing director of PHP, said: “Market conditions continue to present PHP with attractive investment opportunities.” Brokerage Peel Hunt said that the placing should help bridge PHP’s uncovered dividend. “With [...]
PHP completes £19m placing May 18, 2012 GP landlord Primary Health Properties (PHP) has raised £19m in a placing. The placing price of 305 pence will be used to fund acquisitions. Harry Hyman, managing director of PHP, said: “Market conditions continue to present PHP with attractive investment opportunities.” Brokerage Peel Hunt said that the placing should help bridge PHP’s uncovered dividend. “With [...]