Outgoing Waitrose boss Mark Price appointed trade minister for foreign office and BIS February 10, 2016 Waitrose' outgoing chief executive Mark Price has been appointed trade minister at the foreign office and the department for business, innovation and skills (BIS), the government has announced. Price will take up the role in April after the appointment was approved by the Queen today. He will replace Lord Maude who has announced plans to step down next month after [...]
Bellway on track for jump in profits after selling homes at record high prices February 10, 2016 Housebuilder Bellway has kept its shareholders happy. The company said it was on track to deliver a significant rise in sales and earnings for the first half building more homes and selling them at record prices. The family-owned company, which builds homes across the country, completed 4,188 homes in the first half of the year to 31 January, up 11.6 [...]
Greene King’s share prices bubbles up on sales rise after it shots a Spirit February 10, 2016 Greene King, the FTSE 250 listed pub operator and brewer, has served up a rise in sales for the nine months to 7 February as pub goers continue to dine out while having a pint. The brewer, having gobbled up rival operator Spirit last year for £774m, said that Christmas sales had been particularly strong, [...]
Time Warner revenues and profits up for full-year 2015 but fourth quarter not as favourable, and company agrees to increase quarterly dividend amount February 10, 2016 Time Warner has today revealed revenue of $28.1bn (£19.3bn) for its full year ended December 2015, up three per cent on the year before. The US-based media giant also reported a $6.9bn adjusted operating profit for its full year, up 19 per cent on 2014. "We had another very successful year in 2015, demonstrating once [...]
Pinewood Studios’ share price jumps on profit increase and sale consideration February 10, 2016 Pinewood, the iconic studio behind the recent James Bond and Star Wars films has sent the company’s share price soaring after announcing it could put itself up for sale to "maximise value" for shareholders. Shares are up by almost 20 per cent in mid morning trading. Pinewood has appointed investment bank Rothschild to look into [...]
Hikma Pharmaceuticals’ share price plunges on lower offer for US drugs business February 10, 2016 Hikma Pharmaceuticals’ share price plummeted 20 per cent this morning, after the drugmaker slashed its offer price for Boehringer Ingelheim (BI)’s US generic drugs division. It almost halved the cash part of its offer for Roxane Laboratories from $1.18bn (£813m) to $647m, after due diligence into the company revealed that Roxane’s 2015 revenue was likely [...]
Carlsberg share price soars as sales beat expectations on strong Asia growth February 10, 2016 Carlsberg shares are soaring after the Danish brewer smashed analysts’ expectations on strong growth in Asia. The figures Carlsberg posted sales of 14.7bn Danish kroner (DKK) (£1.53bn) for the quarter ending 31 December 2015, ahead of the forecast DKK14.2bn. This marks a 2.8 per cent growth from the same period last year, when sales landed at [...]
Toymaker Hornby’s share price goes off the rails after latest profit warning February 10, 2016 Shares in model trainmaker Hornby have crashed by more than 50 per cent after the company issued yet another profit warning this warning and said it may breach its banking covenants. The Kent-based company behind Thomas the Tank Engine and Pocher car model kits, said a "disappointing sales performance" in the New Year is expected to result in a [...]
Tullow Oil’s share price falls despite losses narrowing last year in the midst of falling oil prices February 10, 2016 Tullow Oil shares fell today, despite the company reporting that losses narrowed last year as the company said it's begun to renegotiate its debt with lenders. The Africa-focused oil group's share price was 7.43 per cent down, at 149.5p in mid-morning trading. [charts-share-price id="81"] Tullow warned that "banking discussions with regard to March 2016 re-determination have begun," as it reported that it finished [...]
UK skills gap: One in four firms looking overseas for tech talent February 10, 2016 UK firms are looking overseas to fill tech roles as the digital skills gap shows no sign of narrowing. One in four firms are looking overseas for IT talent, according to a survey of more than 1,000 managers done by recruiter Experis. But there’s a big difference across roles, the study shows. Development solutions jobs [...]