After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Centrica is confident on the future February 25, 2010 CENTRICA, the UK’s largest energy supplier, recorded a seven per cent drop in profit for 2009 due to lower wholesale gas and power prices. However, sales were up five per cent to £21.96bn and the supplier expects wholesale gas prices to rise again in 2010, although this is expected to be below levels seen in [...]
GKN sees its profits halve February 25, 2010 Automotive and aerospace engineer GKN said full-year trading profit halved but the outlook for its major markets is mainly positive. Trading profit fell to £152m for the year ended 31 December 2009 from £221m the year before. Sales for the period were down three per cent at £4.2bn.
Dunelm’s first half results cheer February 25, 2010 British homewares retailer Dunelm yesterday reported a 69.3 per cent rise in first-half pre-tax profit, with Seymour Pierce saying the results came in well ahead of its expectations. Dunelm posted first-half profit before tax of £46.2m, compared to £27.3m for the same period last year, and also proposes a return of capital to shareholders of [...]
Profits plunge at Bodycote February 25, 2010 Engineering firm Bodycote reported a decline in full-year pre-tax profit warning that it expects a full recovery from the slump to take several years. Headline pre-tax profit fell to £3.7m for the year ended 31 December from £67.6m a year before. Revenue declined to £435.4m from £551.8m the year before.
Capita loses out on contracts February 25, 2010 Capita reported a sharp drop in contract wins in the past year, overshadowing the outsourcing company’s hopes for a strong 2010 once Britain’s forthcoming general election is out of the way. The contracts figures eclipsed a 17 per cent rise in underlying pre-tax profit last year to £325m, ahead of an average analyst consensus estimate [...]
A £53M CHEQUE GETS YOU THINKING February 25, 2010 WITH The Capitalist taking a well earned holiday, this ancient scribe has been ruminating over a few whimsical anecdotes that he has come across over the past 47 years in the City of London. My first recollection while learning the merchant banking ropes at Philip Hill, Higginson, Erlangers was to be sent to collect a [...]
CITY EYE February 25, 2010 VISITORS to St Paul’s during the rest of 2010 will be treated to the sight of an Antony Gormley sculpture “Flare II” inside the Cathedral’s Geometric Staircase.
High street sales bounce back February 25, 2010 HIGH street spending bounced back this month as shoppers returned in force for the first time since the big freeze. The quarterly Confederation of British Industry (CBI) report showed that 46 per cent of retailers said business was up in February 2010 compared with the same period last year. Sales of clothes and household goods [...]
British Gas profits jump 58pc February 25, 2010 OPERATING profits at British Gas soared by 58 per cent in 2009 to a record high. The announcement came just days after energy regulator Ofgem revealed that energy firms’ profit margins had risen in recent months. British Gas said the average bill was “slightly higher” than the previous year when there were a series of [...]
National Express sees profits driven down February 25, 2010 TRANSPORT group National Express has reported a 43 per cent fall in full-year pre-tax profit and warned 2010 would be another challenging year. The company, which in December completed a £360m rights issue in order to cut debt, said adjusted pre-tax profit from continuing operations fell to £116.2m compared with £202.4m the year before. National [...]