RBC seeks acquisitions in UK wealth management October 8, 2009 ROYAL Bank of Canada is looking to acquire wealth management businesses in the UK as part of a global expansion of its private banking arm, the head of advisory at its UK wealth unit said yesterday. A new deal would mark a continuation of an aggressive buying spree by the Canadian group’s RBC Wealth Management [...]
Autonomy set to beat expectations once again October 8, 2009 SOFTWARE firm Autonomy said yesterday that it expects to report third-quarter results ahead of market expectations after seeing significant demand for its products. The company – which makes software to help companies search data across phone calls, email, videos and instant messages – said it anticipated reporting revenues of between $191m (£119m) and $193m, ahead [...]
IS CARPHONE WAREHOUSE WEATHERING THE DOWNTURN? October 8, 2009 MIKE JEREMY DANIEL STEWART & COI think it was a very satisfying update, with surprisingly good broadband numbers. For TalkTalk to get 77,000 net adds is very strong in a maturing market, especially with the churn figure decreasing. It bodes well for the market share. IPTV?looks like a great opportunity for them, but they are [...]
Cameron lays out vision of Tory Britain October 8, 2009 DAVID Cameron upped the ante ahead of what is set to be a hard-fought election campaign yesterday, telling the Conservative party conference that he was ready to be Prime Minister. In a speech that sounded a more upbeat note than that of his shadow chancellor George Osborne on Tuesday, the Tory leader promised that he [...]
Hays set to appeal 30m OFT penalty October 8, 2009 RECRUITER Hays yesterday said it is has been hit by a £25m exceptional charge after being fined £30.4m by the Office of Fair Trading (OFT). The UK’s largest recruiter said that it planned to appeal the fine, which the OFT levied last month for its involvement in a price fixing activities over four years ago. [...]
Ted Baker smashes forecasts October 8, 2009 Designer brand Ted Baker said trading was exceeding its hopes and reaction to its autumn and winter ranges had been “encouraging”, as it posted a better than feared fall in first-half profit, sending its shares higher. Analysts upgraded pre-tax profit forecasts for the year to the end of January 2010 and finance director Lindsay Page [...]
Ladbrokes launches 275m cash call in a bid to relieve debt as revenues fall October 8, 2009 LADBROKES, the book maker, yesterday announced a fully underwritten £275m cash call to pay down its debt, as it revealed its revenue had fallen by 15 per cent in the third quarter due to “exceptionally low” margins on football and horsing bets. The betting firm, which has already had to withheld its interim payments to [...]
Sales jump at Halfords on bike lift October 8, 2009 THE boom in commuter cycling and stay-at-home holidaymakers yesterday boosted Halfords as it reported sales growth for the successive quarter. The bike, camping products and car maintenance retailer yesterday reported sales rose by 3.8 per cent in the 13 weeks to last Friday. And like-for-like sales made a 2.2 per cent jump, up from a [...]
Carluccio’s dines out as new openings lift profits October 8, 2009 ITALIAN restaurant and retail group, Carluccio’s, yesterday said it expected to deliver full-year underlying pre-tax profits slightly ahead of its expectations as it experienced good trading in the period. For the 52 weeks ended 27 September, the company – headed by chief executive Simon Kossoff – said its revenue grew eight per cent. Carluccio’s, which [...]
C&C cider sales fall as volumes weaken October 8, 2009 DRINKS group C&C, the maker of Magners cider, yesterday posted a fall in first-half sales and operating profit and said volumes had dipped at the end of the period. C&C said cider volumes were flat for the six months to the end of August but had slowed in the last month of the half-year and [...]
