Page Group sees robust profit growth January 13, 2015 UK recruiters Page Group – formerly Michael Page – posted a 12.9 per cent annual rise in gross profit for the final three months of 2014, according to a trading update released yesterday. Shares in the company rose to £4.53 in London yesterday. The firm’s gross profit for 2014 increased by 10 per cent to [...]
Landlords lay out manifesto January 13, 2015 LANDLORDS have today outlined their manifesto for this year’s general election. The Residential Landlords’ Association (RLA) wants a change to the UK’s strict planning laws to promote housing investment. The RLA also want tenants be able to renew their tenancies for up to five years to provide more stability. “Landlords have already responded to the [...]
Set-top maker signals growth January 13, 2015 TV SET-TOP maker Pace yesterday announced that it boosted profit projections for 2014, in a sign that it was continuing to shore up its position in the video and digital entertainment world. Pace said full-year profit would be up by a quarter from 2013, to $240m (£158m), and that revenues would be boosted by six [...]
Integrated Diagnostics Holdings IPO: Egypt’s IDH sets February target for London float January 13, 2015 Medical laboratory services firm Integrated Diagnostics Holdings (IDH) is aiming to list on the London Stock Exchange in February. The Egypt-based company, which is registered in Jersey and also operates in Jordan and Sudan, was formed out of the 2012 merger of Al Mokhtabar and Al Borg Laboratories. Its IPO will incorporate a sale [...]
German food discounters Aldi and Lidl enjoy premium branding buzz – Brand Index January 13, 2015 In another blow to traditional British grocers in the ongoing supermarket price war, budget food retailers Aldi and Lidl are the highest performing brands in YouGov’s BrandIndex Buzz score rankings for 2014. But there is still good news for some more of Britain’s most loved retailers, such as John Lewis and Marks & Spencer. The [...]
Goodyear goes into a skid over strong dollar and weak Europe January 13, 2015 GOODYEAR, America’s largest tyre maker, yesterday said it expects full-year 2014 income growth to be slightly below its original 10 per cent to 15 per cent range. Goodyear changed its expectations primarily because of what it called a more “challenging industry environment in Europe” in the fourth quarter and a stronger dollar globally. However, TheStreet.com [...]
Spire earnings forecast up after healthy trading January 13, 2015 Spire Healthcare Group yesterday upgraded its revenue expectations for the year after strong trading in the fourth quarter. It added that it expected earnings for the year to increase on the back of the contribution from the St Anthony’s Hospital acquisition. Spire said its trading in the fourth quarter was positive, meaning it now expected [...]
Meggitt signs up to train US Marine Corps January 13, 2015 ENGINEERING firm Meggitt has been awarded a $31.7m (£20.9m) contract to provide the US Marine Corps (USMC) with indoor simulated marksmanship training systems. The five-year contract covers the design, development, installation and support for 670 systems in the US and abroad, and comes into force at the end of the year. The deal follows a [...]
Airbus soars with record order book but backlog causes drag January 13, 2015 AIRBUS yesterday announced that it had a record order book – but had to concede that due to a backlog it was lagging behind rival Boeing in deliveries. The European aircraft maker delivered a company record of 629 planes in 2014, up slightly from 626 in 2013, but behind its US rival’s industry high of [...]
Cinven strikes a £460m deal for Premium Credit January 13, 2015 Private equity firm Cinven yesterday clinched a £462m takeover of lender Premium Credit, adding another outfit to its growing list of financial services portfolio companies in Europe. Premium Credit, which lends to consumers and small and medium sized businesses, is led by former McKinsey stalwart Andrew Doman and employs about 300 people at its [...]
