Moneysupermarket trading well January 11, 2012 Comparison site Moneysupermarket.com said yesterday it expects earnings to rise by 20 per cent, after trading well in the fourth quarter. The group, which offers price comparisons on insurance, savings and loans and home utilities on its site, said it expects its earnings to rise in line with expectations to around £178m. This was helped [...]
Fenner sees profits up on 2010 January 11, 2012 Fenner, the British industrial polymers company, said yesterday its first quarter profits were ahead of the previous year after profits grew in its Advanced Engineering Products unit. The group said it has continued to see strong demand from the end of its last financial year and expects trading to be in line with expectations, but [...]
Demand rises for Big Yellow January 11, 2012 Self storage firm Big Yellow said yesterday its third quarter sales rose eight per cent on higher demand for its storage facilities from both domestic and corporate customers. The British firm’s occupancy levels at its 52 wholly-owned stores fell by 1.7 per cent in December compared to a 2.3 per cent decline last year. The [...]
CITY MOVES | WHO’S SWITCHING JOBS January 11, 2012 Heidrick & Struggles Heidrick & Struggles International, the leadership advisory firm providing executive search and leadership consulting services, has appointed Chris Seabourne as a partner in the global life sciences practice. Seabourne has 15 years’ experience in executive search, specialising in leadership roles in the pharmaceutical, medical devices and healthcare sectors. He previously worked with [...]
BEST OF THE BROKERS January 11, 2012 INCHCAPE JP Morgan rates the car distributor and retailer as “overweight” with a target price of 440p, and says the company’s shares have fallen too far from their high of 425p in July 2011. The broker sees the discount of 18 per cent to the wider retail sector in 2012 as unjustified, given Inchcape’s wide [...]
Oil majors lead the FTSE 100 lower as investors avoid risk January 11, 2012 BRITAIN’S blue-chip FTSE 100 closed lower yesterday after bouncing once again off an important technical resistance level, led by heavyweight energy stocks on a fresh bout of Eurozone debt-inspired risk aversion. The index traded in a fairly tight range for the early part of the session, rising to test 5,700 before bearish comments from a [...]
US stocks hold up despite euro woes January 11, 2012 US STOCKS held firm near recent five-month highs yesterday as investors awaited key bond market tests for Europe in the next two days that could determine the direction of the Eurozone crisis. US equities have been performing better in the face of turmoil from Europe’s sovereign debt problems. This is a major change from four [...]
It’s time for the FSA to get on top of the bankruptcy of MF Global – and right away January 11, 2012 FIVE years ago we decided to set up our firm’s brokerage accounts in the UK, as we believed we would be fully protected here. After all, there was no precedent of clients ever suffering any write-offs on their accounts as a result of a broker’s bankruptcy. Today we find ourselves regretting that decision. The Lehman [...]
RAPID RESPONSES January 11, 2012 Capacity challenge The real issue facing the UK is how to increase capacity in our public transport system. Few transport professionals would support the newly approved High Speed Rail 2 project (HS2) compared to Rod Eddington’s highly regarded policy proposals from December 2006, which would make a genuine difference to public transport. These are all [...]
How to keep moving on up January 11, 2012 FOUNDING DIRECTOR, INTEREXEC CONTRARY to popular belief, there is very little wrong with the senior executive recruitment market at the moment. By senior executive, I mean salaries over the £150,000 mark. The dark shadows cast by the current economic climate are mainly affecting employees on the lower rungs of the career ladder – the higher [...]
