Renishaw says dip in profit is short-term blip May 15, 2012 PRECISION engineering firm Renishaw said its quarterly profit fell 15 per cent on continued investment in staff and infrastructure, but the company expects to overcome the shortfall and grow profits for the year. The company, which makes and sells precision and inspection products for the healthcare and metrology industries, said activity in April was ahead [...]
WHO’S SWITCHING JOBS May 15, 2012 Bank of Ireland Adrian Olsen has been appointed as Bank of Ireland’s new head of business banking in the UK. He has been with the bank for 12 years as a managing director and head of global project finance for its UK corporate banking division. Olsen has also previously held senior positions at Dresdner Kleinwort [...]
BEST of the BROKERS May 15, 2012 BT GROUP Following fourth quarter results, Espirito Santo has upgraded the telecom group from “sell” to :neutral” and ups its target price from 180p to 210p. The broker sees opportunities for cost cutting that should help reduce pressure on revenue and help Ebitda growth for 2012-13. It also expects BT Retail to be able to [...]
For London 2012 a marketing firm is both service provider and client May 15, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 72 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A The task of marketing the London Olympic Games has been described as the biggest assignment in UK marketing history. For a group of agencies to collectively and collaboratively be able [...]
EPISODE 56: OVER THE LIMIT May 15, 2012 We’ve walked to school in silence, Noel swinging his book bag, but as we enter the playground Noel asks, “Daddy, why were you sleeping in the spare room?” I’m about to attempt an answer when Billy dashes past us. Noel wheels into his best friend’s slipstream and they are gone. Somehow, during this manoeuvre, Noel [...]
Greek leftists reject proposal for technocrat government May 15, 2012 Greece’s president has asked politicians to stand aside and let a government of technocrats steer the nation away from bankruptcy, but left-wing parties have already rejected the proposal and look set to force a new election they reckon they can win. Party leaders, deadlocked since an election nine days ago, have convened at the presidential [...]
Rebekah Brooks charged with perverting course of justice over phone hacking scandal May 15, 2012 Rebekah Brooks has been charged with interfering with a police investigation into a phone-hacking scandal that has rocked the tycoon Rupert Murdoch’s media empire and sent shockwaves through the British political establishment. Brooks was charged with concealing material from detectives, conspiring to remove boxes of archive records from Murdoch’s London headquarters, and hiding documents, computers [...]
UK goods trade deficit stable May 15, 2012 Britain’s goods trade deficit stayed largely unchanged in March despite a rebound in exports to countries outside the European Union as overall import values also grew to a record level, official data showed. The Office for National Statistics said the goods trade deficit inched down to £8.56bn in March from £8.59bnin February. Economists had forecast [...]
Eurozone narrowly avoids recession May 15, 2012 The Eurozone just avoided recession in early 2012 but the region’s debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany. Euro zone gross domestic product stagnated in the first quarter, the EU’s statistics office Eurostat said. That was a touch better than forecast by economists, [...]
Enterprise Inns pins hopes on Olympics May 15, 2012 Enterprise Inns reported slightly weaker than expected profits but said celebrations centering on the Olympics and the Queen’s Diamond Jubilee this year would help offset tough trading conditions and keep the pub group on track for the full year. The company, which has over 6,000 pubs across Britain, also said it had cut bank borrowings [...]