Coca-Cola HBC AG’s share price fizzes on popping profits August 11, 2016 A leading Coca-Cola bottler has jumped to the top of the blue chips today as its share price fizzed seven per cent on better-than-expected results. The figures Cost efficiencies and better pricing in established markets drove Coca-Cola HBC AG's operating profit up 10.8 per cent to €220.6m (£188.8m) in the six months to 1 July, from €199.1m in the same period [...]
Sales fall, but retailer’s shares up as back-to-school season approaches August 11, 2016 Kohl’s share price leapt 15 per cent in the US on Thursday morning after the department store retailer beat analyst expectations in its second quarter. The figures Sales in the three months to 30 July fell two per cent year-on-year to $4.2bn (£3.2bn). Net income for the period, meanwhile, came in at $140m, up eight [...]
London entrepreneurs face a bill of almost £30,000 to start their business according to new figures August 11, 2016 London entrepreneurs face a bill of almost £30,000 to start a business, according to enterprise finance provider LDF. In a survey of 850 small and medium sized businesses, LDF found that starting a business in London is less expensive than seven other UK cities. However, the bill of £28,742 faced by an average London entrepreneur [...]
Three at 3: The three stories you need to read right now August 11, 2016 We’ve done the legwork for you, and put together the top three stories of the day in bite size form, just to make your life that bit easier. Time for a coffee break? Check out our three at three. Tips to help you make a success of any networking event We've all been in those [...]
Business pushes government once again on airport decision after Gatwick records largest ever month of traffic August 11, 2016 Business groups have jumped on data showing Gatwick recorded its busiest ever month in its 80 year history to push for a decision on aviation capacity. Some 4.6m passengers travelled through the airport in July, up 6.9 per cent on the same month last year, while long-haul jumped 23 per cent. Business groups welcomed the news, but indicated it [...]
Insurance buy-ins and buy-outs slow in first half of 2016 August 11, 2016 The amount of pension scheme buy-ins or buy-outs fell by 39 per cent in the first half of 2016. A total £2.7bn of schemes were transferred to insurance companies during the first six months of the year – this compares to £4.4bn in 2015 – according to research by actuarial consultants LCP. Buy-ins and buy-outs are strategies [...]
Alibaba’s shares are on a tear after a huge revenue jump August 11, 2016 Alibaba certainly isn't feeling the effects of the Chinese slowdown just yet. Shares in Alibaba – the world's largest retailer – have climbed by almost six per cent in the US pre-market after it posted revenue far ahead of expectations. Alibaba's shares were already up around seven per cent so far this year. A rise in revenue was bolstered [...]
The Jungle Book and Deadpool draw in moviegoers in first half for Cineworld August 11, 2016 Blockbusters including Deadpool and The Jungle Book drove a rise in revenues at Cineworld, while the chain has said it has a promising string of films on its side for the second half of the year. The figures Group revenue at the cinema chain rose 8.4 per cent to £356.7m in the six months to 30 [...]
Before the bell: What you need to know before the US market open August 11, 2016 Oil is falling and Australia's government is taking steps to stop Chinese firms from taking a controlling stake in its largest energy network: here's what you need to know before the market open at 2:30pm. US futures are pointing to a strong open. The S&P is up by 0.21 per cent, the Nasdaq is 0.24 per [...]
Brexit vote hasn’t affected sales but 21 pubs a week are still shutting August 11, 2016 The Brexit vote has not yet affected turnover at the country's watering holes, but hefty beer prices are still driving pubs to close at the "alarming" rate of 21 per week. Enterprise Inns, the UK's largest pub company, said sales rose 1.9 per cent in the 44 weeks to 30 July and the group remains [...]