iPhone 6: New handset to be thinner, rounder and have a bigger screen June 24, 2014 Apple could be set to begin production of new, larger iPhones next month according to Bloomberg. The new devices are said to boast screens of 4.7 and 5.5 inches in size, a significant increase on the four inch display currently used by the iPhone 5s. The Bloomberg article, which cites people familiar with the company, [...]
Croda share price drops after profit warning June 24, 2014 Croda, the world's second-largest supplier of cosmetic ingredients, has seen its share price drop more than eight per cent in early trading this morning following a profit warning. The FTSE 250-listed global chemicals manufacturer, which counts Procter & Gamble, Unilever, L’Oreal and Estee Lauder among its customers, has warned that second quarter pre-tax profits will be about [...]
Chemring share price drops 7pc as Michael Flowers is named CEO June 24, 2014 British-based Chemring Group has seen its share price fall by seven per cent after the company announced that Michael Flowers had been appointed chief executive with immediate effect, replacing Mark Papworth. Chemring is a leading producer of defence equipment such as flares and explosive device detectors. Papworth is the second chief executive the company has [...]
German sentiment drops on investor fears over Ukraine and Iraq June 24, 2014 Investor sentiment in Europe's largest economy has weakened, reflecting ongoing geopolitical concerns over tensions in Ukraine and militant activity in Iraq. German Ifo indicators have disappointed across the board in June, with the business climate index falling to 109.7 from 110.4. Analysts had been expecting a drop to just 110.2. Jeremy Cook, chief economist at [...]
Chemring appoints Michael Flowers as CEO as profits drop June 24, 2014 Chemring Group has announced that Michael Flowers has been appointed chief executive with immediate effect, replacing Mark Papworth. Peter Hickson, Chairman of Chemring, said: Michael Flowers has a proven track record, both within the international defence industry and within Chemring, where he led our Australian business through a successful period of growth and, more recently, [...]
Shoe Zone releases positive results following IPO June 24, 2014 After listing as a public company last month, Shoe Zone has released positive initial results. Pre-tax profit rose to £2.7m, a large increase from £200,000 in the first half of the last financial year, and earnings per share rose to 3.7p. There were few signs of disappointment for the UK footwear retailer. Although revenues were [...]
Carpetright sees profits fall as Baroness Noakes prepares to step down June 24, 2014 Carpetright has announced losses before tax of £7.2m for the 52 weeks ended 26 April. The carpet and floor coverings retailer also saw a slight fall in like-for-like revenues of 0.2 per cent. Over the period 89 stores were refurbished. This took the total to 275 stores, representing 58 per cent of the trading estate. [...]
Petrofac operations not impacted by Iraq turmoil June 24, 2014 Oil and gas services firm Petrofac has said that its operations in Iraq, which represents less than five per cent of expected revenues for this year, have not been significantly impacted by the recent wave of violence sweeping many parts of the country. The company's operations are mainly concentrated in the south and east of [...]
Google Glass touches down in the UK for £1,000 June 23, 2014 GOOGLE launched its smart Glass eyewear in the UK last night, making it the second country to get the device after it launched in the US last year. Glass, which Google says is still an early prototype, is on sale for £1,000 and features a heads-up display with access to email, search and maps through [...]
George Osborne’s HS3 high speed rail link criticised as vanity project June 23, 2014 Chancellor George Osborne’s plan for a High Speed 3 rail link between Manchester and Leeds in the north of the country has been dubbed a “costly vanity project” by a leading economic think tank. The Institute of Economic Affairs (IEA) yesterday accused the chancellor of “concocting” a headline-grabbing plan ahead of the election in 2015, [...]