Witts joins Imperial Tobacco board February 5, 2014 Kingfisher’s finance director Karen Witts has been appointed as non-executive director of Imperial Tobacco, the owner of DIY chain B&Q said yesterday. Witts will join Imperial Tobacco’s board today with immediate effect, taking the number of women on the company’s board to three and meeting the target set out in Lord Davies’ 2011 report for [...]
Elephant & Castle homes given nod February 5, 2014 Lend Lease won detailed planning consent from Southwark Council yesterday for 360 new homes at Elephant and Castle. The homes form part of Lend Lease’s £1.5bn redevelopment of the former Heygate Estate. Located along the south-eastern part of the estate, the buildings will range from three storey houses to a sixteen storey tower. The developer [...]
Energy firm Dong narrows its losses following Goldman deal February 5, 2014 DONG, the Danish state energy firm that has attracted controversy for the government’s plans to sell part of its stake to Goldman Sachs, yesterday said it narrowed its losses in 2013 due to higher earnings from offshore wind projects. The company reported post-tax losses of 1bn krone (£110m) in 2013, compared to a loss of [...]
Utilitywise beats expectations February 5, 2014 Aim-listed utility cost management consultancy Utilitywise yesterday said that it had performed slightly ahead of expectations for both revenue and pre-tax profit for the six months to 31 January, ahead of announcing its results on 29 April. The firm said that the value of contracts secured but not yet live stood at a record £23.8m, [...]
Solo buys stake in Surrey gas asset February 5, 2014 London-listed energy explorer Solo Oil yesterday said it has agreed to buy a 10 per cent stake in Horse Hill Development, a special purpose company, which holds the rights to a 65 per cent interest in a project in the UK Weald Basin in Surrey. “Solo is keen to expand its portfolio of global onshore [...]
Output restarts at Eland oil field February 5, 2014 Eland Oil & Gas has started producing oil again from the Opuama field in Nigeria, the Aim-quoted energy company said yesterday. Chief executive Les Blair called it “a hugely significant milestone” for the company. Output at the Opuama field, which is operated by the Nigerian Petroleum Development Corporation, is expected to reach around 2,500 barrels [...]
PayPoint eyes growth as new chair named February 5, 2014 UK PAYMENTS service PayPoint, a fixture at many corner shops across London, yesterday announced the appointment of Warren Tucker as chairman of the company, succeeding David Newlands. The FTSE-250 listed group’s services include utility payments at over 25,000 corner stores, click and collect parcel delivery from online retailers to over 5,000 shops and the PaybyPhone [...]
Swatch clocks up £1.3bn profit February 5, 2014 SWATCH said yesterday it expects healthy growth this year after watch and jewellery sales helped net profit rise more than 20 per cent in 2013. All its brands – which include pricey Omega and Breguet timepieces – had an “auspicious” start to the year. Net profit was SFr1.9bn (£1.3bn).
Homeserve will meet expectations February 5, 2014 Emergency insurer Homeserve has reassured investors that it will deliver a healthy profit for 2013 and meet analyst expectations, despite being hit by a whopping £35m fine for its part in a mis-selling scandal. “We expect full year retention to increase from the 81 per cent reported in the first half of the year,” a [...]
Manx set for £156m London float February 5, 2014 Manx Telecoms Group, the Isle of Man telecoms firm, plans a £156m flotation in London. The telecoms company said it expected to list on junior stock market AIM on 10 February. Private equity owners HgCapital and CPS Partners will sell their holding for £67.2m, and Manx will also issue new shares to raise £89m in [...]
