Cowes Week Diary: Thrills at sea and ashore: Cowes is more than a red trouser-fest August 3, 2014 ABERDEEN Asset Management Cowes Week, as its 179-year tradition dictates, kicked off at the weekend, and even if you’ve not been before I’m sure you could describe it. All the maritime cliches are here bold and proud: stripy jumpers, red trousers, peaked hats, Hugo and Barnaby down from Town for a spot of yachting, yah! [...]
Sanchez leads Gunners’ line August 3, 2014 MANAGER Arsene Wenger suggested headline act Alexis Sanchez could spearhead the Arsenal attack this season after deploying the Chilean through the middle in the second half of yesterday’s 1-0 Emirates Cup defeat to Monaco. Wenger said: “It was an opportunity for me to see him as a centre forward and we looked better – he [...]
Agent Provocateur dresses down for a sale July 31, 2014 High street lingerie chain Agent Provocateur will be put on the auction block next year after private equity owner 3i decided to sell the company. The sale is likely to reap upwards of £200m, with bankers currently pitching for the mandate to run the auction. 3i declined to comment. The group also sold its stake [...]
SSE share price down as Ferrybidge coal-fired power station goes up in flames July 31, 2014 SSE’s Ferrybidge coal-fired power station was evacuated yesterday after fire ripped through part of the plant. There were no casualties. The station was on summer shutdown and not generating. The station is scheduled to close by 2023. SSE shares were down 0.34 per cent at 1,457p. Smoke rises from the Ferryside power station [...]
Astrazeneca sweetens the pill as profit forecasts help boss Pascal Soriot July 31, 2014 British drugmaker Astrazeneca yesterday confounded City expectations by raising its sales and profit forecasts for this year, two months after fending off a near-£70bn takeover approach from bigger US rival Pfizer. Astrazeneca, the country’s second-largest pharmaceutical firm, reported a second consecutive quarter of revenue growth, beating City forecasts with second-quarter revenues of $6.5bn (£3.8bn), up [...]
Strong growth at Bonmarche July 31, 2014 WOMEN’S clothing retailer Bonmarche yesterday posted strong growth in the first quarter of its financial year, as the UK business continued to be driven by growth in its online business and market share. The retailer, which aims at the over-50s, said sales in the 13 weeks to 28 June grew by almost 16 per cent [...]
Panasonic joins forces with Tesla for futuristic US battery factory July 31, 2014 Panasonic and US electric car pioneer Tesla Motors yesterday announced joint plans for a groundbreaking lithium-ion battery cell mega-plant. Dubbed “The Gigafactor” – whose location is yet to be decided – it will increase production volume by slashing cost-per-unit figures through economies of scale and improvements in logistical arrangements with suppliers. The announcement builds on [...]
Best of the Brokers for 01 August 2014 July 31, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ITV PLC Berenberg has kept its “hold” rating, but upped the target price to 184p from 180p. The broker thinks currency headwinds are an issue, but believes the next stage for ITV will be a shift towards investment in growth, and that extra [...]
London Report: Lloyds and Centrica pull down FTSE but Shell prevents rout July 31, 2014 BRITAIN’S top equity index yesterday fell as Lloyds Bank pulled down financial stocks, while concerns about the impact on Europe from tensions between Russia and Ukraine also made traders wary. The blue-chip FTSE 100 index closed down by 0.6 per cent, or 43.33 points, at 6,730.11 points. Shares in Lloyds, which had risen for the [...]
New York Report: Dow plunges 317 points July 31, 2014 WALL Street tanked yesterday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some have expected. Global concerns such as Argentina’s default, also weighed heavily on the market. The Dow Jones Industrial Average fell 317 points, or 1.9 per cent, to 1,6563 and the S&P 500 tumbled 39.7 points, [...]
