Creston investors get more returns June 11, 2014 COMMUNICATIONS group Creston yesterday raised its total dividend to 3.9p and announced a share buy-back for up to £2m, despite its profits being dented by costs relating to the consolidation of its London businesses. Creston reported a slight fall in revenues to £74.9m during the year to 31 March, down from £75.2m in the previous [...]
Vype poster is banned by ASA June 11, 2014 A POSTER for British American Tobacco’s electronic cigarette brand Vype, which featured a woman in mid-air and the text “experience the breakthrough”, was banned yesterday by the advertising regulator for being misleading. “Given the presentation… we concluded that the ad misleadingly implied Vype could be used as a smoking cessation device,” the Advertising Standards Authority [...]
BT Sport’s free online content ad ruled offside after complaints June 11, 2014 THE ADVERTISING Standards Authority (ASA) has upheld a series of complaints against a BT Sport advert, ruling that the ad must not be shown again. The campaign, which depicted BT Sport presenter Jake Humphries talking over various shots of customers watching the channel on TV, a tablet and a computer, was shown on TV and received [...]
Pfizer blames price for Astrazeneca deal collapse June 11, 2014 Drug giant Pfizer yesterday said the £69bn bid to take over UK rival Astrazeneca collapsed due to price disagreements, as shares in the UK company rallied in the hope of a revival of talks. Pfizer finance chief Frank D’Amelio told a US healthcare conference yesterday that the two sides did not come to a deal [...]
Boost for UK shale as Cuadrilla and Egdon get plans underway June 11, 2014 THE UK’S nascent shale gas industry was given a boost yesterday, as energy firms Cuadrilla and Egdon Resources reported progress with their plans to exploit the resource. Lancashire council has validated Cuadrilla’s proposal to frack up to four exploration wells at a site in the county, which means the planning application will be open to [...]
Oil futures rise after US crude stockpiles fall June 11, 2014 OIL FUTURES rose yesterday, after US data showed a larger-than-expected drop in last week’s crude stockpiles, combined with heightened concerns about the geo-political situation in Iraq. Figures from the US Energy Information Administration revealed that US crude oil inventories decreased by 2.6m barrels from the previous week, surpassing analysts’ expectations of a 1.7m drop. Light [...]
Subsidising power plants abroad could bring down UK energy bills June 11, 2014 OVERSEAS power stations should be eligible for UK energy subsidies, which would save consumers up to £1bn a year and help meet green targets, argues a report published by think tank Policy Exchange today. The UK currently has four operational interconnectors to Europe, with another eight in various stages of development. By supporting generators abroad, [...]
Nighthawk breaks revenue record June 11, 2014 Nighthawk Energy, the Aim-listed oil explorer, announced yesterday that it had exceeded monthly revenues of $5m (£3m) for the first time. The firm attributed the boost in profits to increased production rates at two of its leading ranch projects in Colorado. The firm said it had achieved a record daily gross production from all wells [...]
Dee Valley Group’s profits rise June 11, 2014 Water supplier Dee Valley Group yesterday said its profits and revenues had increased in the year to the end of March. Dee Valley’s pre-tax profit came in at £5.1m, up from £4.1m in 2013, on revenues up almost £9m to £23.8m. The firm attributed some of the rise to a curtailment of their pension scheme. [...]
Medicare firm aims for London June 11, 2014 E-TeleQuote, which markets private sector health insurance, yesterday unveiled plans for an initial public offering on London’s junior market, Aim. The Florida-based company, which is an independent broker of specialist health insurance to over-65s in the US, wants to raise £15m as part of its flotation. It specialises in direct marketing of health insurance related [...]
