Lexus sales hit the skids as Toyota calls halt April 15, 2010 TOYOTA has put a global halt to the sale of the 2010 Lexus GX 460 model after a US magazine Consumer Reports yesterday warned potential buyers of a potential safety risk that the vehicle could tip over. While the vehicle is not available for purchase in the UK, the world’s largest car maker by volume [...]
ANALYST VIEWS: IS THIS A POSITIVE MOVE FOR SPORTINGBET ? April 15, 2010 JAMES HOLLINS | DANIEL STEWART “This is a strategically attractive move for Sportingbet as it should bring greater liquidity and a wider potential investment pool to the stock, enhancing its reputation and, ultimately we believe, its stock value. Based on the current market capitalisation of Sportingbet, it would slot into the FTSE 250.” GREG FEEHELY [...]
Experian sees good US sales but UK suffers April 15, 2010 EXPERIAN said it was on track for a “good” full-year profit yesterday after revenues edged higher in the second half, helped by strong sales in Latin America. But shares in the firm fell around four per cent after the results disappointed the market. The credit checking and business information company saw revenues rise three per [...]
Digicel loses case against C&W April 15, 2010 DIGICEL has lost its landmark legal battle against bitter rival Cable & Wireless Communications. A judge ruled that Digicel, headed up by Irish telecoms tycoon Denis O’Brien, was not unlawfully delayed from breaking into the emerging Caribbean telecoms market. The case focused on claims that Cable & Wireless had breached the telecoms statutes in Barbados, [...]
PZ Cussons is on track as it shrugs off the recession April 15, 2010 SOAP and shampoo maker PZ Cussons said yesterday it was on track to achieve its expectations for the full- year despite tough trading conditions in some of its territories and input costs now rising again. The maker of Imperial Leather, Carex soap and Original Source products said its results for the period 27 January to [...]
MONEYSUPERMARKET.COM SEES REVENUES RISE AFTER ADVERTISING CAMPAIGN BOOST April 15, 2010 PRICE comparison website Moneysupermarket.com said trading bounced back after a slow January, putting internet revenue for the first quarter about six per cent ahead and keeping it on track for the year. “Moneysupermarket has had a solid first quarter, returning to revenue growth and we are now beginning to see the impact of the work [...]
BEST OF THE BROKERS April 15, 2010 HOMESERVE Insurance group Homeserve announced this week the acquisition of National Grid Energy Services contract business. Seymour Pierce says this is the long awaited deal that gives Homeserve critical mass in the US domestic repairs insurance market. On the back of this “good news”, it moves from “outperform” to “buy”. DANONE Execution Noble maintians a [...]
CITY MOVES | WHO’S SWITCHING JOBS April 15, 2010 Deloitte The accountancy firm has appointed Mark Lillie and Jeremy Harris as partners in its energy, infrastructure and utility practice. Lillie, pictured, will head up the IT strategy team and joins from Booz and Company, where he was partner and vice president. Harris joins the programme leadership consulting practice, focusing on construction and infrastructure projects, [...]
UK airports close after volcanic ash cloud threat April 15, 2010 All airports across Britain have been closed after a huge cloud of volcanic ash in Iceland drifted into UK airspace. Thousands of flights across the UK have been cancelled leaving passengers stranded. BA is offering full refunds or alternative flights at a later time. UK airspace will be closed from 12pm to 6pm after warnings [...]
Sportingbet to list on main market April 15, 2010 ONLINE gaming firm Sportingbet has confirmed its plans to move to London’s main market next month to boost its profile among investors. The news sent shares in the group, which first joined the Alternative Investment Market back in January 2001, up to 75.5p. This potentially values the group at £370 million which could see it [...]