Greene King gives 275 pubs last orders and looks to sell off more May 1, 2014 BREWER and pub owner Greene King yesterday announced it is selling 275 of its tenanted and leased pubs to newcomer Hawthorn Leisure for £75.6m and said it could sell off more pubs than it had initially planned. Greene King will continue to supply its own beer brands to the pubs for the next three years [...]
Late Easter hits Aer Lingus results May 1, 2014 Losses at Irish airline Aer Lingus widened to €48.5m (£39.8m) in the first quarter of the year, which the firm said was due to the late Easter holidays and strike threats during March. Revenues were broadly flat at €259.4m. “Our short haul operation remains an attractive and profitable business despite the continuation of intense price [...]
Housing boom helps Howden May 1, 2014 Kitchen supplier Howden Joinery yesterday reported an 11.2 per cent rise in UK revenue in the first 16 weeks of the year, helped by stronger consumer spending and a recovery in the housing market. The company said like-for-like revenue for outlets open more than a year increased 8.5 per cent. Howden Joinery said it had [...]
Savills builds on its US business May 1, 2014 Property consultant Savills plans to buy US-based commercial real estate services firm Studley for up to $260m (£153.9m) to expand in North America. The FTSE 250 company said it expected to seal the deal by 30 May, following which it would rebrand its US arm as Savills Studley. The United States is Savills’ smallest market [...]
City Moves for 02 May 2014 | Who’s switching jobs May 1, 2014 Henderson The asset management firm has announced the appointment of James de Bunsen as co-manager of its value trust division. He joined in January 2013 as manager of the Henderson Multi-Manager Absolute Return fund from Armstrong Investment Managers. De Bunsen also previously spent five years at Insight Investment, where he was part of its UK retail [...]
Best of the Brokers for 02 May 2014 May 1, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BARCLAYS UBS has upgraded the bank from “neutral” to “buy”, upping its target price from 280p to 305p. Following reports that Barclays is setting up a bad bank, the broker believes Barclays’ management is showing willingness to shift away from loss-making parts of [...]
London Report: Lloyds profit boost helps FTSE approach a two-month high May 1, 2014 BRITAIN’S blue-chip share index hit its highest level in about two months yesterday, rising for a fourth straight session as gains at Lloyds bank buoyed the market. The FTSE 100 index ended up by 0.4 per cent, or 28.84 points, at 6,808.87 points, its highest close since 4 March. Shares of Lloyds surged 5.5 per [...]
New York Report: Investors wait for jobs figure May 1, 2014 THE S&P ended nearly flat last night as investors paused ahead of today’s jobs report, though gains in internet shares helped lift the Nasdaq. The Dow Jones eased back into negative territory for the year, a day after closing at its first record high of 2014. The April jobs report, which is expected to show [...]
Letters to the Editor – 02/05 – Inflation spike, Rent controls, Best of Twitter May 1, 2014 Inflation spike [Re: How the Goldilocks recovery will trigger a sharp inflation rise, Wednesday] I would love to be Andrew Lilico’s bookmaker, as he’s agreed to a £1 to £1 bet against the odds. But I do agree with his analysis that there is little spare capacity in the UK. The underlying rate of growth [...]
How to use body language better in the workplace May 1, 2014 Adopting a “power pose” will give you a confidence burst LEGENDARY US entertainer Mae West said she spoke two languages – “English, and Body”. And while the oft-repeated line about communication being “93 per cent non-verbal” is now widely debunked, body language can make or break presentations and negotiations in business. A 2011 poll of [...]
