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Business

  • Adidas sees a rebound after World Cup boosts its first-half sales figures

    August 4, 2010

    ADIDAS yesterday raised its profit forecasts after the World Cup fuelled a retail sales lift of 20 per cent in the first half of the year. The world’s second biggest sporting goods maker after Nike, said it expects full-year net profit of €520m (£430m) to €550m. Adidas supplied the Jabulani World Cup match balls and [...]

  • Campari sees sales grow 16pc

    August 4, 2010

    Drinks group Campari saw sales grow by more than 16 per cent in the first half of the year. That fuelled a net profit of €69.3m (£57.4m) – up 15.2 per cent on the previous year. Bob Kunze-Concewitz, chief executive, said: “Our performance in the first half of 2010 was very positive with significant growth [...]

  • MoneySupermarket boost

    August 4, 2010

    Price comparison website Moneysupermarket.com yesterday said its full-year outlook was in line with expectations after posting positive first-half results thanks to its money and insurance divisions. The group said adjusted earnings before interest, tax, depreciation and amortisation fell three per cent to £18.1m, off revenues up four per cent at £71.6m. The firm, which said [...]

  • Carpetright facing a tough year ahead

    August 4, 2010

    CARPETRIGHT, Britain’s biggest floor coverings retailer, posted a drop in first-quarter underlying sales yesterday and said it was cautious about the outlook for consumer spending for the rest of its financial year. The firm, which runs over 700 stores, said sales at British and Irish stores open at least a year fell 3.4 per cent [...]

  • SWATCH CLOCKS UP RECORD RESULT

    August 4, 2010

    SWATCH, the world’s largest watchmaker, yesterday reported a 54 per cent increase in profits for the first six months of the year. Net profit rose to SwFr465m (£280m) on record gross sales of SwFr3.03bn. The group, best known for its colourful plastic Swatch watches but also owns higher-end brands such as Breguet, Blancpain and Omega, [...]

  • Premier Foods sees profit dip with extra pension cost

    August 4, 2010

    BRITAIN’S largest food producer Premier Foods yesterday posted a lower profit on additional pension and restructuring costs, but said it was on track to generate its targeted cash flow for 2010, sending its shares up nine per cent. The FTSE-250 group, which had been laden by heavy debts mostly due to some of its acquisitions, [...]

  • World cup and sunshine give Marston’s a lift

    August 4, 2010

    SUNSHINE and the World Cup weather boosted beer sales for brewer Marston’s. The company said yesterday it remained on track to meet its expectations for the year. Sales at its managed pubs open for more than a year were up 1.7 per cent on the prior year in the 43 weeks to 31 July, including [...]

  • Halifax reports a rise in UK house prices in July

    August 4, 2010

    FEARS of a double-dip in the UK housing market dissipated somewhat yesterday after mortgage lender Halifax reported that house prices rose by 0.6 per cent in July. Last month’s rise entirely offset the June drop in prices and the average price of a UK house now stands at £167,425. This is slightly below where they [...]

  • …but UK services growth continues to slow down

    August 4, 2010

    GROWTH in Britain’s services sector slowed sharply last month, confirming analysts’ forecasts that economic activity will have cooled during the third quarter of the year. The leading Markit/CIPS purchasing managers’ index (PMI) fell to 53.1 from 54.4 in June, a slightly greater drop than economists had expected and the fourth fall in five months. The [...]

  • US services see small bounce…

    August 4, 2010

    A SMALL bounce in the US ISM non-manufacturing index to 54.3 in July from 53.8 in June indicated that the world’s largest economy is not spiralling into the abyss after all. Encouragingly, the gain was driven by a rebound in new orders to 56.7 from 54.4. Employment also grew last month after a slight cut [...]

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