Revenues on the rise at Eclectic September 30, 2014 John Smith , the chief executive of Eclectic, the bar group behind brands including Fez and Po Na Na, said yesterday he would continue to open about two or three new sites each year to drive growth in the group. Revenues rose 11.7 per cent to £23m during the year to 29 June, up from [...]
City Moves for 1 October 2014 | Who’s switching jobs September 30, 2014 JLL The real estate-focused professional services firm has appointed Virginia Rothwell as UK HR director. She has previously worked as group HR director at Phoenix and Tribal Group, and has also held senior positions at BT. Rothschild Group Trevor Manuel has been appointed senior adviser to the financial advisory group worldwide and deputy chairman of [...]
Best of the Brokers for 1 October 2014 September 30, 2014 Best of the Brokers for 23 September 2014 ULTRA ELECTRONICS Espirito Santo has upgraded to “buy” from “neutral”, and raised the target price from 2,000p to 2,050p. The broker thinks that Ultra Electronics is well positioned to meet growing demands for its products, with good growth prospects also for its security, transport and nuclear divisions. [...]
Next’s bad weather forecast casts dark shadow on markets – London Report September 30, 2014 BRITAIN’S top share index slid yesterday, with retailers falling after Next said it would have to lower its full-year profit forecast if the unusually warm weather continued. The FTSE 100 fell 23.88 points, or 0.36 per cent, to 6,622.72 points. Britain’s Number. 2 clothing retailer’s warning sent its shares down 3.79 per cent to 6,605p while [...]
Wall St dips on poor data – New York Report September 30, 2014 US SHARES slipped yesterday, dragged down by energy and materials shares as economic data disappointed. The Dow Jones industrial average fell 28.32 points, or 0.17 per cent, to 17,042.9, the S&P 500 lost 5.51 points, or 0.28 per cent, to 1,972.29 and the Nasdaq Composite dropped 12.46 points, or 0.28 per cent, to 4,493.39. Among [...]
Interest rate rises: Investors should be nervous September 30, 2014 But also don’t forget the opportunities… It seems strange to be talking about interest rate rises when over half of all OECD countries have inflation of less than 1 per cent, and average earnings are as limp as you could imagine. But investors are rightly nervous about the impact of rising interest rates, which [...]
Why interview brainteasers are on the way out – even at Google September 30, 2014 You don’t have to be a genius to work out why brainteasers are dying. Imagine you have eight balls of equal size. Seven of them weigh exactly the same, but one is slightly heavier. How would you go about finding the heaviest one using some scales and just two weighings? If you’re thinking [...]
Selfridges invests £40m on e-commerce starting with website relaunch September 30, 2014 Selfridges is investing more than £40m to improve its e-commerce offering within the next five years beginning with the relaunch of its website. The luxury retailer is updating selfridges.com for the first time since the launch of its e-commerce site in 2010 designed to improve the customer journey and increase sales. The redesigned site which [...]
Where will the next big tech innovation come from? It could be from London’s Connected Digital Catapult hub in Kings Cross September 30, 2014 A new digital hub set to open in Kings Cross hosting businesses, technologists and researchers is aiming to produce the UK’s next big technological innovation. The government is investing up to £10m in the project to fuel growth of the digital economy which is expected to be worth more than £10bn within the next 10 [...]
Ebola virus diagnosed in the US: Tekmiara share price surges as first case confirmed by CDC in Dallas, Texas September 30, 2014 The first case of the deadly Ebola virus to be diagnosed outside of Africa has been confirmed in a patient in the US. The unnamed man was admitted to a hospital in Dallas, Texas with symptoms of the disease and isolated on Sunday after returning from West Africa the US Centre for Disease Control (CDC) has confirmed. A [...]