Analyst Views | Were there any surprises in Cairn’s half-year results? August 28, 2012 ANDREW WHITTOCK LIBERUM CAPITAL The first-half results are as expected. Cairn has farmed in to offshore exploration acreage in Morocco and emphasised this is one of the three areas for future investment. Otherwise, there is little new in the update. SANJEEV BAHL NUMIS SECURITIES The last six months have been very active as management look [...]
Airbus wins $7bn plane order August 28, 2012 Airbus yesterday won a $7bn (£4bn) order to help more than triple Philippine Airlines’ fleet, beating Boeing to a deal despite US support for Manila in a diplomatic dispute with China. The flag carrier plans to buy up to 100 new jets in total over the next five to seven years.
Chemring issues profit warning August 28, 2012 Defence group Chemring yesterday cut its full-year operating profit by £15m as it warned of a delay to production systems. The firm, which is currently a target of private equity firm Carlyle Group, said its order book at the end of July was £910m, nine per cent lower year on year.
Renewed violence at Lonmin August 28, 2012 Violent clashes have returned to Lonmin’s Marikana mine, as peace negotiations are held today to cool tensions across South Africa’s platinum belt. The peace talks will aim to seal a deal to get workers back to the mine.
Bunzl grows in tough market August 28, 2012 Disposables supplier Bunzl said yesterday it would continue to grow in all regions, after posting a seven per cent rise in revenues to £2.61bn and an eight per cent jump in pre-tax profits to £151.7m for the first six months of the year.
US consumers keep tight hold on their wallets August 28, 2012 US CONSUMER confidence collapsed in August, according to data released by the Conference Board, just as the Richmond Fed said decline in the manufacturing industry slowed down in the same month. Consumer confidence was at its worst level for nine months, the Conference Board’s index showed, dropping to 60.6, down from 65.4 in July and [...]
Landlords keen on buy-to-let as rental prices hit record highs August 28, 2012 LANDLORDS are set to boost investment in a resurgent buy-to-let sector, which is enjoying a combination of healthy demand from tenants and below-peak house prices, a survey showed yesterday. Nearly half of landlords polled by LSL Property Services said that now was a good time to invest in property, while less than a hundredth thought [...]
Republicans officially nominate Romney in national convention August 28, 2012 THE REPUBLICAN Party yesterday officially nominated Mitt Romney as its candidate for the 2012 presidential election, at its national convention in Tampa, Florida. Hurricane Isaac narrowly missed Tampa and last night looked set to hit Louisiana, whose largest city New Orleans bore the brunt of 2005’s Hurricane Katrina. The convention comes amid another sort of storm, created [...]
Outgoing policymaker calls for more QE August 28, 2012 Adam Posen, the outgoing member of the Bank of England monetary policy committee, has said that the Bank could do more to boost the economy. “I still think there’s room for the Bank to be more aggressive,” the rate-setter said in an interview with CNBC.
Tax probe links to data breach at Julius Baer August 28, 2012 SWISS private bank Julius Baer yesterday said it suspected German client data allegedly stolen by a former employee could have been given to German authorities investigating tax evasion. The bank’s chief executive Boris Collardi admitted in a German newspaper on Sunday it had discovered “misuse” of client data by an employee. A spokesman yesterday said [...]
