INVESTORS fled the Bank of Ireland yesterday as it reported an unexpectedly large fall in lending volumes over the course of 2013.
The bailed-out bank lost €525m (£432m) in 2013, an improvement on the €2.2bn it lost in 2012.
PREMIER FOODS is set to announce a radical financial restructuring as soon as this week as part of chief executive Gavin Darby’s rescue plan to turn the debt-laden group back into a “normal company” again.
THE CHIEF executive of Keller Group yesterday said he expects revenue and profit growth in 2014 and mooted the possibility of another acquisition this year, as the engineering firm unveiled a 70 per cent rise in full-year profits.
BUILDING new suburbs in the Lea Valley and Chessington, selling off more public land to developers and allowing more skyscrapers are among the suggestions put forward by a panel of property heads as possible solutions to London’s housing shortage.
UNIFORM and dry cleaning company Johnson Services yesterday said it had snapped up Lincolnshire-based hotel linen company Bourne Services for £22m.
The deal will be funded with a new equity placing of £12.8m, the company said yesterday.
Gemfields, the Aim-listed precious stones miner that has actress Mila Kunis as its ambassador, yesterday said revenue had more than doubled to $65.7m (£39.3m) for the six months ended 31 December 2013, as demand for emeralds continues to grow.
Aim-quoted Africa Oilfield Logistics, the Africa-focused support services and logistics company co-founded by ex-England cricketer Phil Edmonds and businessman Andrew Groves, yesterday said it has hired Carl Esprey as its new chief executive, repl
Capital for Colleagues, the investment vehicle that focuses on the employee-owned-business sector, yesterday said that it has applied to join the London-based ISDX growth market and has conditionally raised £2.19m in a placing.
Freshfields Bruckhaus Deringer
The law firm has named London-based corporate partner Martin Nelson-Jones as co-head of its infrastructure and transport sector group. He joined in 1991 and became a partner in 2001.
Dairy farmers have accused Tesco of sparking a price war with its supermarket rivals that will cause further damage to an already fragile dairy industry, after the retail giant slashed the price of milk.
The UK’s manufacturing sector saw strong growth last month, with job creation reaching a 33-month high.
Markit and CIPS’ purchasing managers’ index hit 56.9 in February, after analysts forecast 56.5.
From Markit’s release:
The FTSE 100 share index fell 108 points at the open, now down 1.1 per cent at 6,733.
Cyclical shares have taken the biggest hit, as investors lose their appetite for risk, in the face of the escalating crisis in Ukraine.