Five posts 21m loss November 9, 2009 CHANNEL Five posted a £20.8m loss in 2008, as the advertising downturn and the cost of servicing debt hit the terrestrial broadcaster. The RTL-owned firm made revenues of £344.4m in the 12 months to December, but costs dragged it to a £9.1m pre-tax loss. An additional £11.6m charge for “unused tax losses” exacerbating the Neighbours [...]
Inmarsat shares surge on earnings November 9, 2009 SATELLITE communications firm Inmarsat posted a better-than-expected 18.4 per cent rise in third-quarter earnings yesterday, and said it was on track for the year, sending its shares to a four-year high. The company, whose satellites provide phone and broadband services to ships, aircraft and remote locations worldwide, posted earnings of $133mn, helped by cost controls. [...]
Langholm profits dip in recession November 9, 2009 LANGHOLM Capital, the buyout group whose portfolio includes a 67 per cent stake in high-end food brand Tyrrells Potato Chips, saw its profits slide by almost a quarter last year. A handful of senior dealmakers – Bert Wiegman, Christian Lorenzen, Oliver Wyncoll and Paul Richings – shared a total of £1.7m in salary and bonuses [...]
Overseas burger sales boost McDonald’s November 9, 2009 MCDONALD’S said sales at established US restaurants fell 0.1 per cent in October, as expected, but investors welcomed the news yesterday after sales from the rest of the world buoyed overall results. McDonald’s, which has been outperforming its peers, had signaled last month that US October sales would be weak. Analysts said that while the [...]
Invicta looks for 300m November 9, 2009 INVICTA Capital, the asset manager focused on private clients, has launched a fundraising, which aims to raise £300m for the construction and operation of nine biomass plants in Scotland. While Invicta has raised £1.3bn on previous projects since it was founded in 2001, the new scheme will be the first to target institutional money in [...]
Remember, remember, to buy in November November 9, 2009 NOVEMBER is often considered one of the worst months of the year: the days are getting shorter, the holidays are still at least six weeks away and it is markedly colder and wetter. In short, not a month to get that excited about. That is, unless you are an investor. Forget the dismal weather and [...]
DON’T TRUST YOUR FIRST INSTINCTS November 9, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFT IN HIS latest book, Errornomics, journalist Joseph Hallinan has written about why we make errors and how we can stop them. When we take exams, he says, the perceived wisdom is to go with your first answer. Yet research from the past 80 years suggests the opposite – we should [...]
Banks are in the dock as litigation lawyers look for soft City targets November 9, 2009 LAUNCHING a lawsuit against a major bank has never been easy. As anyone who has been involved in heavyweight litigation knows, the process of bringing a claim of any kind is expensive, hazardous and distracting. Regardless of the merits, no bank is likely to roll over very easily when faced with legal action. In order [...]
Exotic golden oils have become the must-have winter face product November 9, 2009 NO longer the domain of incense-infused massage parlours, body and face oils have become the must-have item in the discerning woman’s winter skincare closet. When the mercury drops and your skin turns dry, cold, gloopy creams just pale in comparison to the nourishing warmth of an aromatic oil. There’s a chemical reason for this, too. [...]
Men: soothe and protect your skin too November 9, 2009 ONCE the summer sun disappears, it’s easy for men to forget to take care of their skin. However, the winter can be just as problematic to a gent’s appearance as the sunnier months – the cold will dry out your skin and cause chapped lips, and overheating at home can make things even worse. And [...]
