I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Billabong eyes online units sale February 6, 2014 Australian surfware firm Billabong International said yesterday it is considering a sale of its two e-commerce businesses as it looks to refocus on its core brand.The embattled maker of board shorts and wet suits, which was saved last year by a refinancing deal from US private equity firms Centerbridge Partners and Oaktree Capital Management, is [...]
Grainger sales double as market speeds up February 6, 2014 THE UK’s largest listed residential landlord Grainger posted a strong start to the year, with sales more than doubling in the first four months thanks to a one-off disposal and the improving housing market. Group sales increased by 131 per cent to £149.3m compared with £64.6m during the same period last year after the group [...]
Whitgift wins final consent February 6, 2014 FINAL plans for the £1bn redevelopment of the Whitgift Centre in Croydon were given the go-ahead on Wednesday night. Croydon council and developers Hammerson and Westfield signed the section 106 deal – the last stage of the planning process that will see the pair contribute £29m towards transport and other local infrastructure improvements. The project [...]
Darty enjoys a merry Christmas February 6, 2014 Electricals retailer Darty scored robust Christmas sales growth in its core French market and plans to make further cost savings amid tough economic conditions and fierce price competition. Sales at Darty France, which makes up 70 per cent of the group’s revenue, rose 4.9 per cent in the quarter to 31 January. Total group sales [...]
Volvo set to slash jobs further February 6, 2014 Truck maker Volvo will increase its job cuts to 4,400, more than double its original plan, after currency effects and the cost of launching new models muted a rise in quarterly earnings. But Sweden’s biggest private sector employer also unveiled a stronger-than-expected order intake in the fourth quarter on growth in North America, sending shares [...]
Daimler sets sights on growth February 6, 2014 Daimler yesterday forecast a jump in profit for this year at its main luxury car division after strong sales of new models such as the S-Class limousine in the United States and China helped it to beat quarterly earnings forecasts. The Stuttgart-based maker of cars and trucks reported fourth-quarter adjusted Ebit of €2.53bn (£2.09bn), beating [...]
City Moves for 07 February 2014 | Who’s switching jobs February 6, 2014 City Index Mark Preston has been appointed chief executive at the online broker. He has over 25 years’ experience in trading and banking. Preston was previously chief executive of Europe for CIBC, co-head of corporate markets at Lloyds Bank, and a principal at Valere Capital. BNP Paribas Securities Services The investment custodian has made four appointments [...]
Best of the Brokers for 07 February 2014 February 6, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DAILY MAIL AND GENERAL TRUST Nomura has hiked its target price on shares in the Daily Mail-owner to 1,060p , up from 900p, albeit maintaining its “neutral” rating. Nomura cited slightly higher advertising growth and a lower print decline. DMGT said this week that its property website [...]
London Report: Vodafone helps FTSE eat further into 2014 losses February 6, 2014 BRITAIN’s top equity index rose for a second straight day yesterday, led by strong gains from heavyweight telecoms group which helped the market recover its poise after a recent five-day losing streak. The blue-chip FTSE 100 index, which had fallen for five straight days during the past two weeks, closed up 100.39 points, or 1.6 [...]
New York Report: Jobs hopes see best day of the year for stocks February 6, 2014 US STOCKS posted their best day of the year yesterday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney’s results overshot expectations. The rally came ahead of the widely-followed payrolls report for January due today, which some are expecting to be affected by the extreme weather that hit much [...]
