Scardino joins IAG board November 14, 2013 Marjorie Scardino, the former boss of publishing group Pearson, is joining the board of British Airways parent IAG next month. Scardino, who stepped down from Pearson at the start of the year, will replace John Snow as a non-executive director. The airline has recently shaken up its board, two years after Iberia and BA merged. [...]
Help to Buy lifts housebuilder Taylor Wimpey November 14, 2013 HOUSEBUILDER Taylor Wimpey yesterday raised its profit margin forecast for 2014 and said it expects profitability will return to long-run levels the year after, helped by government schemes to encourage house-buying. The company, which like rivals saw profitability slide during a long and deep recession, said its 2014 operating profit margin could improve by 200-300 [...]
BBA Aviation says its jet business coasted along in the last quarter November 14, 2013 BBA AVIATION is finding it tough to sell more of its services to plane owners, with the third quarter of the year “marginally worse than anticipated”, though it remains upbeat about the coming year. The company, which offers refuelling, repairs and ground services to business jets, said revenues were up two per cent on the [...]
Trinity boosted by web traffic November 14, 2013 TRINITY Mirror, publisher of the Daily Mirror and more than 100 regional titles, said revenue fell five per cent during the third quarter to 27 October, but website traffic rose nearly 70 per cent. The company’s share price jumped 19.5 per cent to 165p on the news that Trinity’s performance for the year would be [...]
Amlin returns jump as catastrophes drop November 14, 2013 INSURANCE group Amlin is upbeat about beating its return on equity target this year thanks to strong underwriting returns and a dearth of catastrophe claims. Amlin, an underwriter in the Lloyd’s of London insurance market, said gross written premiums were flat at £2.2bn in the first nine months of the year. Meanwhile the firm’s investments, [...]
Antofagasta’s earnings fall November 14, 2013 CHILEAN miner Antofagasta’s share price tumbled 1.2 per cent in London yesterday, after the firm posted a decline in core earnings and revenue for the first nine months of the year. Revenue fell 9.2 per cent to $4.4bn (£2.7bn) over the period and earnings dropped 27.9 per cent to $2.05bn. The FTSE 100-listed miner attributed [...]
Pace warns of sluggish sales November 14, 2013 PACE, the set-top box maker, said that revenues fell during the third quarter to 13 November in an interim management statement. The company, which bought US network firm Aurora for $310m (£191.7m) last month, said the fall was due to a large North American customer using another supplier. Despite this the company said yesterday it [...]
Anglo sells building products unit November 14, 2013 FTSE 100-listed miner Anglo American yesterday said it has sold Tarmac Building Products to Lafarge Tarmac Holdings, which is a joint venture of Lafarge’s and Anglo American’s construction materials and services businesses in the UK. Tarmac Building Products is a supplier of heavy building products, including construction blocks and cement. The deal is subject to [...]
HellermannTyton revenues up 9pc November 14, 2013 Cable equipment maker HellermannTyton yesterday posted a 9.1 per cent increase in revenues for the first nine months of 2013 and said results remain in line with management’s expectations. Core earnings rose nine per cent to €63.1m (£52.8m). The London-listed firm said that the Americas and Asian divisions showed particularly strong growth over the period, [...]
McDonald’s plans $3bn facelift November 14, 2013 McDonald’s said last night that it plans to spend $2.9bn to $3bn next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others – roughly in line with this year’s reduced spending forecast. The world’s biggest hamburger chain, which recently has struggled to meaningfully expand sales at established restaurants, last month trimmed [...]
