Pithy returns for AIM’s Chinese newcomers October 13, 2005 Two AIM newcomers from China both reported strong trading performances yesterday. Asian Citrus, the largest orange plantation owner and operator in China and the biggest Chinese firm on AIM, reported its first full-year results since floating on 3 August. Pre-tax profits for the year to 30 June soared by more than 60 per cent to [...]
JJB Sports declares a new price war October 13, 2005 Sportswear retailer JJB Sports said yesterday it was not afraid to start a price war by adopting a “more aggressive pricing policy”. Like smaller rival JD Sports the retailer has been a victim of the slowdown in consumer spending with like-for-like sales falling 8.8 per cent in the 26 weeks to 31 July. Operating profit [...]
OECD gloomy over 2005 growth October 13, 2005 The Organisation for Economic Cooperation and Development (OECD) sided with hawks in the Bank of England’s Monetary Policy Committee yesterday, saying there was no need for an interest rate cut despite a flagging economy. It also cut its 2005 forecast for British economic growth from 2.4 to 1.7 per cent in a report released yesterday. [...]