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 [...]
Toyota suspends global sales of Lexus SUV April 15, 2010 TOYOTA has suspended sales of the 2010 Lexus GX 460 worldwide after claims that it could be unsafe on sharp turns. The Japanese company had already stopped Lexus deliveries in the US and Canada after a consumer report in a magazine raised the safety fears. Toyota is also testing roll-over issues on its Land Cruiser, [...]
China economy in 12pc growth spurt April 15, 2010 CHINA has reported forecast-beating year-on-year growth in the first quarter of 11.9 per cent. The rate of expansion – the fastest since 2007 – means that the country will be forced into tighter fiscal control to rein in inflation, according to analysts. Goldman Sachs economist Yu Song said: “We think in absence of a dramatic [...]
DARLING: WE ARE STILL NEW LABOUR April 14, 2010 ALISTAIR DARLING yesterday said Labour was still on the side of business, insisting there would “be no return to the 1970s” if his party wins an historic fourth term. Responding to suggestions that Labour’s general election manifesto showed the party was lurching to the left, he replied: “Not a bit of it – this is [...]
Clegg: we’ll hike capital gains tax April 14, 2010 NICK Clegg yesterday said a Liberal Democrat government would introduce a new 50p top rate of capital gains tax, as he unveiled a manifesto that promised to clobber the City. The Lib Dem leader said capital gains tax would be brought in line with income tax, with two rates: 20 per cent and 50 per [...]