HR Owen shares motoring as car sales increase more than hoped January 20, 2014 LUXURY car dealership HR Owen expects to beat annual forecasts after its showrooms sold more new and used cars than expected. HR Owen, majority owned by Berjaya Philippines, said yesterday the second half of 2013 had been particularly good for sales. High-end car buyers rushed to order new models from Rolls-Royce, Bentley and Ferrari. Used [...]
Nintendo stock falls after games firm issues 2013 profit warning January 20, 2014 NINTENDO’S share price closed down 6.2 per cent yesterday, a substantial recovery from its opening fall of 19 per cent, following the company’s warning that it expects to make an operating loss of ¥35bn (£205m) in its 2013 financial year. The gaming company responsible for some of the most popular game franchises of all time, [...]
Philips exits TV joint venture to focus on health January 20, 2014 PHILIPS has sold its 30 per cent stake in television joint venture TP Vision to majority owner TPV Technology as the Dutch tech firm moves to focus on its growing business in healthcare and lighting. The deal will allow TPV to continue to sell TVs under the Philips brand with an annual royalty of 2.2 [...]
Smaller energy firms reap the rewards after switching soars January 20, 2014 THE NUMBER of energy customers looking for cheaper deals soared at the end of last year, with around 1m people switching energy suppliers over November and December. In contrast, around 208,000 people switched in September and 3m switched over the entire year, according to research from data company Electralink. The figures showed that 230,000 of [...]
City Moves for 21 January 2014 | Who’s switching jobs January 20, 2014 PwC The professional services firm has hired Daniel Windhaus as a partner in its working capital team. He has over 15 years’ industry experience. Windaus formerly held roles at REL Consultancy and Alvarez & Marsal. Lambert Smith Hampton The commercial property consultancy has recruited Jonathan King as head of corporate advisory. King was most recently at [...]
Best of the Brokers for 21 January 2014 January 20, 2014 AB FOODS UBS has given Associated British Foods a buy rating and lifted its price target to 2,890p, based on a stellar performance from Primark. UBS said the low-priced “fast fashion” chain was being rolled out throughout Europe and its first French store opening was one of its best to date. RENTOKIL Peel Hunt has [...]
London Report: Deutsche’s loss knocks the FTSE and UK banks January 20, 2014 BRITAIN’S FTSE 100 stalled near an eight-month high yesterday, held back by weak banking shares as a surprise loss at Germany’s Deutsche Bank was seen as a bad omen for UK lenders’ results. Britain’s main share index, however, was expected to resume its uptrend soon and hit highs not seen since 1999, boosted by a [...]
Europe Report: Peugeot deal drags down car giant’s shares January 20, 2014 EUROPEAN stocks inched lower in thin trade yesterday, as Deutsche Bank’s surprise quarterly loss prompted investors to cash in recent gains on banking stocks. Shares in Germany’s biggest lender sank 5.4 per cent, wiping about €2.2bn (£1.8bn) off its market capitalisation. Commerzbank fell 4.5 per cent, Banco Popolare dropped 3.1 per cent and Credit Suisse [...]
Peugeot’s sporty coupé has punch January 20, 2014 The French carmaker has come up with the goods with this car that marries performance and style THERE are, no doubt, plenty of French products you’d be proud to call your own – a Christian Dior suit, maybe, or a bottle of Dom Pérignon. But when was a Peugeot last one of them? Probably the [...]
Not convinced? January 20, 2014 CHECK OUT THESE ALTERNATIVES… AUDI TTS COUPÉ PRICE: £36,045 0-62MPH: 5.5 secs TOP SPEED: 155mph CO2 G/KM: 184g/km MPG COMBINED: 35.8mpg THE VERDICT: DESIGN Four Stars PERFORMANCE Four Stars PRACTICALITY Two Stars VALUE FOR MONEY Three Stars RENAULT MÉGANE RENAULT SPORT PRICE: £26,925 0-62MPH: 6.0 secs TOP SPEED: 158mph CO2 G/KM: 174g/km MPG COMBINED: 37.7mpg THE VERDICT: DESIGN Two [...]
