Tesco tipped to unveil budget tablet device September 17, 2013 TESCO, the UK’s largest grocer, is expected to unveil a tablet next Monday – its first foray into the consumer electronics space – which could be aimed at cementing customer loyalty as the retail giant moves sales online. The device is expected to be a 16GB tablet device with a seven inch screen. It is [...]
Bottom Line: Not much room at the bottom September 17, 2013 IF APPLE doesn’t want to chase the low end of the market, there are others who do. In America, Intel has announced its chips will be inside US tablets selling below $99 by Christmas. In the UK, step forward Tesco. Next Monday’s launch is widely anticipated to reveal a Tesco tablet cheap enough to consider [...]
Foxtons raises price range on strong demand September 17, 2013 ADVISERS to the flotation of Foxtons, the London focused estate agency chain, have narrowed the price range for the group’s shares ahead of the order books closing on the deal tonight. Sources said last night that the price range, which had been between 190p and 230p has been moved up at the lower end to [...]
Taper fears and volatility boost spread betting firm IG’s revenue September 17, 2013 SPREAD betting firm IG Group said yesterday its first quarter revenue was up 15 per cent after falling equity markets and fears that central banks would taper stimulus policies enticed investors to trade. The company, which allows investors to speculate on the future price of securities or baskets of securities, reported revenue of £93.6m for [...]
Cenkos reckons profits are solid September 17, 2013 STOCKBROKER Cenkos Securities has posted a slight fall in revenues and profits, which boss Jim Durkin said was “a solid, profitable performance”. Cenkos, which focuses on small and mid-cap companies, said it had 122 clients on its books at the end of June, up from 118 a year ago. Profits before tax from continuing operations [...]
Jefferies feels the pain over Fed tapering September 17, 2013 INVESTMENT bank Jefferies yesterday reported an 83 per cent plunge in third quarter profits after being squeezed by this summer’s bond market nervousness. The bank, which has London offices on Upper Thames Street, said net income – a measure of profit – fell from $70.2m a year ago to $11.7m for three months ending August. [...]
Investec trips up after South African currency slides lower September 17, 2013 FINANCE outfit Investec yesterday delivered a disappointing performance update after a weak currency and hesitant customers undercut expected earnings. The company, which is dual-listed in South Africa and the UK, said half-year profits measured by earnings per share could fall by up to 10 per cent thanks to a slide in the rand and sterling [...]
Warm summer and web growth lift Debenhams September 17, 2013 A FLEDGLING economic recovery is likely to take time to feed into stronger consumer spending, department store group Debenhams said yesterday, as a hot summer and online growth helped to lift its quarterly sales. Shares in the 200-year-old firm, which trades from 236 stores across 28 countries, rose as much as 4.4 per cent yesterday [...]
Analyst Views: Has Debenhams’ strong summer made a lasting impression? September 17, 2013 JOHN STEVENSON | PEEL HUNTOverall, a stable end to the year, benefiting from the favourable weather conditions. Being slightly churlish, we had hoped for the warm weather to have had a clearer benefit to margin delivery, although Debenhams stuck to its set promotional calendar and exited the season well. KATE CALVERT | CANTOR FITZGERALD2013 has [...]
Heathrow to keep Rudd as its chairman September 17, 2013 HEATHROW Airport’s parent company will renew Sir Nigel Rudd’s contract as its chairman until 2016, keeping him on board as the airport navigates the government’s looming decision on airport expansion. Sir Nigel, an industry veteran, has decided to stay with Heathrow Airport Holdings to help fight the case for a third runway, according to Sky [...]