Adidas share price up as sales growth in third-quarter boosts revenue November 6, 2014 German sports conglomerate Adidas yesterday outperformed analysts’ expectations by posting a nine per cent constant currency sales growth in its third-quarter results. The company saw a 21 per cent sales increase in retail over the period and a six per cent boost in wholesale. Warburg Research analyst Jorg Philipp Frey said the company’s “third-quarter, top-line [...]
Sage vs Netsuite: CEOs Stephen Kelly and Zach Nelson take Tube-inspired ad war to Twitter November 6, 2014 Netsuite, the US software firm, is on the war path. The cloud computing giant wants a slice of UK rival Sage’s market share and isn’t afraid of getting its hands a bit dirty. On Wednesday, it launched a newspaper ad campaign, using a Tube-like map to attack Sage: “All Sage lines terminate here,” said the [...]
Fire and ice mix at the launch of Canary Wharf’s skating rink November 6, 2014 It's not winter until there’s an ice skating rink popping up next to your office, and last night was the turn for Canary Wharfers, as its rink launched – and in a blaze of glory at that. The party, attended by Barclays and Citibank among others, saw the Guinness World Record for most [...]
Buying slows as house prices fall in October November 6, 2014 THE HOUSING market is slowing down as high prices and strict mortgage regulations put off buyers. The average house price fell by 0.4 per cent in October, according to figures released yesterday by Halifax. Monthly data can be volatile, but growth in the three months to October also slowed to 0.8 per cent – the [...]
Industrial production jumps but fears remain over UK slowdown November 6, 2014 INDUSTRIAL production in the UK rose by a healthy amount in September but indicators of overall economic conditions point to a recent slowdown in the economy. Production – which includes manufacturing, mining and quarrying – rose by 0.6 per cent month-on-month in September, data released by the Office for National Statistics yesterday show. Yet the [...]
Car sales soar on high consumer morale November 6, 2014 New car registrations rose by 14.2 per cent year-on-year in October, marking the 32nd consecutive month of growth, according to figures released yesterday by the Society of Motor Manufacturers and Traders. In the year to October, 2,137,910 cars were registered.
Government weakness drags on Inmarsat’s third-quarter revenues November 6, 2014 BRITISH satellite operator Inmarsat yesterday posted a rise in profit for the third quarter, but warned it expected to see continuing weakness from its government arm as revenues from the unit fell $17.8m (£11.2m), dragging overall revenues down two per cent. Inmarsat reported overall revenues of $300.6m for the quarter to 30 September, while year-on-year [...]
Cobham stays strong despite military cuts November 6, 2014 SHARES in technology firm Cobham rose 1.4 per cent yesterday, after the company reported that its trading performance in the first nine months of 2014 had been in line with expectations. The group added that it had continued to make progress towards the achievement of its various significant aerial refuelling engineering milestones, although further progress [...]
The full package: DS Smith buys Andopack November 6, 2014 BRITISH packaging company DS Smith announced yesterday that it had acquired Spanish corrugated board producer Andopack. The acquisition cost DS Smith £35m, including assumption of debt, the recycled packaging supplier said in a statement yesterday. Issuing a trading update alongside the news, DS Smith said performance was in line with expectations, adding that growth was [...]
Dairy Crest share price soars as company strikes £80m deal with Muller for its dairy assets November 6, 2014 Britain’s largest dairy products company Dairy Crest yesterday announced it was selling the assets of its dairy operations to Muller UK & Ireland Group for £80m. Under the deal, Muller’s UK division – Muller Wiseman Dairies – will take over factories at Foston, Derbyshire, Chadwell Heath, in east London, and Severnside, Gloucestershire. The two companies [...]