Computacenter posts higher revenue January 16, 2014 IT services provider Computacenter reported a rise in full-year group revenue that exceeded analysts’ estimates, boosted by a strong demand for its maintenance services in the UK. Revenue grew six per cent in 2013, said Computacenter, whose clients include Lloyds Banking Group, Serco Group , British Telecom, Deutsche Bank, WM Morrison and EDF. Computacenter reported [...]
Lamprell back in the black in 2013 January 16, 2014 Rig maker Lamprell’s shares soared almost ten per cent yesterday, after the London-listed firm said that it expects 2013’s performance to be ahead of its previous expectations. The group’s net cash position at the end of December 2013 was around $180m (£110m), “significantly ahead” of its previous forecasts. “2013 has proven to be an important [...]
Tavistock ranked top PR for 2013 January 16, 2014 PR firm Tavistock Communications came top of MergerMarket’s M&A European league tables for PR advisers, published yesterday. The firm advised on 13 deals, worth $163,312m to grab the top slot, with the bulk of it coming from its work with Vodafone on its $130bn (£79bn) sale of its Verizon stake. It also worked with Virgin [...]
The Diary’s guide to Davos 2014 January 16, 2014 DUSTING off your salopettes and brushing up on your economic theory? Yep, it’s almost Davos time – the world’s biggest Alpine think-fest kicks off on Wednesday which means anyone who is anyone in the world of economics, international politics and big business will be descending on that little Swiss resort to discuss, ski, drink, repeat [...]
Bovis boss hails strongest order book in years January 16, 2014 BOVIS Homes said its order book was at its strongest state in many years and that it was seeing robust demand for its homes in the early weeks of 2014, as buyers backed by the government helped boost the housing market. In a trading update yesterday, issued ahead of its full year results, the housebuilder [...]
Analyst Views: What did you make of Bovis’s performance in the period? January 16, 2014 MARK HUGHES | PANMURE GORDON Bovis Homes’ trading statement was strong and the call with management was encouraging. Overall, an increase in the number of active sites, sales rates, volumes, pricing and margins have contributed to a significant uplift in earnings per share and net asset value for Bovis over the past 12 months CLYDE [...]
Stanley Gibbons says its coins trader is bringing in the cash January 16, 2014 STAMP dealership Stanley Gibbons said yesterday that it expects increased sales in the year ahead as a result of “cross selling opportunities” made possible by its recent £45.3m acquisition of Noble, the coin-collecting firm. In a pre-close trading update, the 150-year-old group added that it expects sales and profitability for 2013 to be in line [...]
Labour hits out at Defra figures January 16, 2014 THE GOVERNMENT came under fire yesterday for revised figures that showed less had been spent on flood protection than previously thought. Labour’s shadow environment secretary Maria Eagles called the revised figures “humiliating” for the government. “The corrections we have made are generally minor and do not affect the headline conclusion that we are spending more [...]
Candy funds luxury flats next to the Queen January 16, 2014 CHRISTIAN Candy’s Omni Capital group has provided a £127.5m bridging loan to fund a luxury scheme next to Buckingham Palace. Palace Revive, which took the loan, plans to buy the former Grade II listed-hotel at 1 Palace Street and turn it into 78 high-end flats.
City Moves for 17 January 2014 | Who’s switching jobs January 16, 2014 Baker Tilly The professional services firm has announced the appointment of Rob Donaldson as head of corporate finance. He previously held roles at KPMG Corporate Finance. Aldermore The bank has made two appointments to its asset finance team. Emma Irving joins as head of materials handling from BNP Paribas. Nova Everidge joins as head of new business [...]