Hermes has it in the bag with revenue rise July 21, 2015 LUXURY goods maker Hermes yesterday forecast that its first-half operating margin would fall slightly year-on-year because of the weaker euro. Revenue was up 9.7 per cent to €1.177bn (£828m), boosted by sales of leather goods and growth in Japan.
Eurostar lifted back on track by Provence routes July 21, 2015 HIGH-SPEED train routes to Marseilles, Avignon and Lyon have lifted Eurostar passenger revenue in the three months to 30 June to a new record. The transport company announced yesterday close to 2.8m customers travelling between the UK and the continent in the second quarter of 2015, a year-on-year increase of three per cent in passengers [...]
BBC sees red in Bill Turnbull’s breakfast blast July 21, 2015 With the BBC preparing to go to war with David Cameron over the broadcaster’s future, Breakfast Show host Bill Turnbull’s balls-up couldn’t have come at a better time. Turnball made a little slip on national television yesterday morning, confusing the words “customer” and “client” with a most unsavoury outcome. It’s not the first time the [...]
Let Grayson Perry help you find the one July 21, 2015 ELITE matchmakers Social Concierge are putting on a do in Mayfair tomorrow, and eccentric artist Grayson Perry will be there to help lonely executives from UBS, Barclays and Societe Generale break the ice. Whether you’re bad at dating or not, this will be great late night entertainment. For tickets, e-mail bella@socialconcierge.co.uk and say we sent [...]
SSP revenues hit by stronger UK currency July 21, 2015 TRAVEL food-stop company SSP Group yesterday said that currency changes had made a big impact on what should be a successful year. SSP has seen a good year of trading so far, with total revenues increasing by 4.1 per cent on a constant currency basis according to its third-quarter trading update released yesterday. Unfortunately for [...]
Experian sells its business intelligence arm FootFall to US firm Tyco for £38.5m July 21, 2015 Global information services firm Experian yesterday announced that it had divested itself of retail intelligence business FootFall for £38.5m to Tyco. Tyco is a leading provider of integrated retail performance and security solutions. FootFall monitors and analyses in-store customer behaviour to help retailers and shopping centres to understand their customers better. Said Experian chief executive [...]
Cable & Wireless revenue up on broadband growth July 21, 2015 Cable & Wireless Communications (CWC), the telecoms group active in the Caribbean and Latin America, yesterday said demand for broadband and video helped it grow in the first quarter, as mobile revenue stalled. CWC, which bought rival Columbus earlier this year, said group revenue grew four per cent to $583m (£374m) in the three months [...]
Remy cointreau keeps its spirits up July 21, 2015 French spirits group Remy Cointreau said like-for-like first-quarter sales fell nine per cent year-on-year, hit by weak demand for premium cognac in China and its exit from the lower-priced VS cognac category in the US. The firm said it is still targetting profit growth this year.
City Moves for 22 July 2015 | Who’s switching jobs July 21, 2015 Mount Anvil The property developer has appointed Adam Leach as senior development manager in its acquisition team, focusing on land-buying in central London. He joins from Berkeley Homes, and has also held roles at Generator and JLL. Oppenheimer Europe The investment bank has announced the launch of a debt capital markets and syndication business, appointing [...]
Best of the Brokers for 22 July 2015 July 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINO’S PIZZA GROUP Numis reiterated its “buy” recommendation on the pizza delivery company, ahead of its interim results next week. The broker believes the firm’s growth prospects are “significant” and said they are undervalued relative to those of the US and Australian operations. [...]