Analyst Views: Are you pleased with Easyjet’s results? November 19, 2013 TREVOR GREEN AVIVA INVESTORS As shareholders in EasyJet, the final results and outlook statement provided us with further evidence that the strategy being implemented by Carolyn McCall is succeeding. She is also proving to be adept at balancing shareholder returns via a special dividend announcement along with a long term growth strategy. GERT ZONNEVELD PANMURE [...]
Bank of England analysts back sovereign cocos November 19, 2013 GOVERNMENTS should copy banks and issue contingent convertible bonds (cocos) – debt instruments which ease the burden on borrowers if the sovereigns get into financial difficulty – a Bank of England paper proposed yesterday. The maturity dates on the bonds would automatically be extended when the government takes a bailout, easing the immediate pressure on [...]
EU budget to 2020 confirmed as legal contest on pay concludes November 19, 2013 THE BUDGET of the European Union for 2014-2020 was finally approved yesterday, after two years of horse-trading and a legal battle over whether EU officials should be entitled to a pay rise. The EU’s court of justice yesterday determined that the EU Council of ministers from member states was within its rights to reject a [...]
Spanish ambassador called over Gibraltar November 19, 2013 THE SPANISH ambassador to the United Kingdom has been summoned to the Foreign Office over a “serious incursion” into British territorial waters around Gibraltar, adding to a list of recent tensions. Europe minister David Lidington said that a research vessel, the RV Ramon Margalef, had undertaken surveying activity for over 20 hours in the UK’s [...]
Euro central bank official coy over QE November 19, 2013 EUROPEAN Central Bank (ECB) vice president Vitor Constancio teased markets yesterday with inconclusive comments on the possibility of the ECB conducting quantitative easing. Constancio said that QE “was only referred to as a possibility, nothing else,” confirming that it was discussed, but in little detail. Markets did not take the comments as a sign that any [...]
ITV expects advertising growth of 2pc this year November 19, 2013 TELEVISION network ITV is expecting a strong fourth quarter to push advertising revenues up two per cent this year, but some analysts predict Britain’s biggest public service commercial broadcaster will beat even its own best expectations. Yesterday ITV reported national advertising growth in the nine months to 30 September up one per cent to £1.08bn, [...]
Bottom Line: Crozier’s acquisition spree pays off as viewers rush to tune in November 19, 2013 WHEN BSkyB lost the battle for the next set of Champions League rights to newcomer BT Sport, little was made of the fact that Sky’s partner in the last bid – ITV – had also lost out. While its rivals were squabbling about football viewers, ITV was getting on with things; namely bedding in the string [...]
Britain’s four leading supermarkets lose share to discounters November 19, 2013 BRITAIN’S big four supermarkets have all lost market share for the first time on record while discount retailer Aldi claimed another record share, new data shows. Tesco, Sainsbury’s, Asda and Morrisons saw their sales growth dip below the market average of 3.2 per cent in the 12 weeks to 10 November, Kantar Worldpanel said yesterday. [...]
Asda to launch click and collect in tube stations November 19, 2013 CUSTOMERS at Asda will be able to collect their weekly shops at London underground stations under plans announced today by the Walmart-owned supermarket chain. The company said it has struck a deal with Transport for London to open an initial six click and collect hubs at East Finchley, Wealdstone, High Barnet, Highgate, Stanmore, Harrow and [...]
Mywardrobe bought out of administration November 19, 2013 ONLINE fashion retailer mywardrobe.com was given a new lease of life yesterday after being bought out of administration through a pre-pack deal that will save 50 jobs. A consortium of private investors have stepped in a bought the company from administrators Leonard Curtis, after it struggled under mounting losses and ran out of cash to [...]
