Sky and UKTV coming closer together with new distribution deal October 30, 2013 SKY HAS signed a new multi-year deal with UKTV bringing its channels, such as Dave and Good Food, across all of Sky’s services for the first time. “We are delighted to have extended our partnership with UKTV so that we can offer our customers even more great ways to enjoy some of their favourite shows,” [...]
Warmer summer weather lifts C&C’s beer and cider revenues October 30, 2013 DUBLIN-BASED C&C, the brewer behind the Tennent’s, Magners and Bulmers brands, reported revenue growth of 27.8 per cent on the back of good weather helping whet sales. C&C saw profits increase 7.9 per cent to €71.1m (£60.8m) in the half year to the end of August, with revenue rising to €336.7m. “Following a weak first [...]
Shine comes off L’Oreal’s growth plans October 30, 2013 FRENCH cosmetics maker L’Oreal said yesterday its like-for-like sales growth slowed to 4.1 per cent in the third quarter, due to weakness in North America and a slowdown in Mexico. L’Oreal missed the average analyst estimate for sales growth of five per cent and compared with 5.2 per cent growth in the second quarter and [...]
Pearson plunges as it warns of lower profits October 30, 2013 FTSE 100-listed publishing group Pearson saw its shares slide almost four per cent yesterday, after it warned that full-year operating profits will be lower than last year. The education and media group, which owns the Financial Times newspaper, attributed the lower profit forecast to weak market conditions for college textbooks in North America and the [...]
Analyst Views: What do you make of Pearson’s results? October 30, 2013 DAVID REYNOLDS | JEFFERIESYou need to see the results in the context that the stock has depreciated around 10 or 11 per cent in the last month, so it’s pretty punchy. The numbers were pretty much what I expected. It’s no surprise that the US business is under pressure, as the company has a renewed [...]
Government workfare scheme to continue despite legal challenge October 30, 2013 THE GOVERNMENT yesterday lost a legal challenge to a controversial scheme that required jobseekers to work for free or risk losing their benefits – but insisted that the scheme will continue. Judges at the Supreme Court ruled that the back to work scheme was legally flawed because jobseekers were not given enough information. Geology graduate Cait Reilly [...]
Adobe admits security breach has put 38m passwords at risk October 30, 2013 ADOBE said yesterday that the scope of a cyber-security breach disclosed nearly a month ago was far bigger than initially reported, with attackers obtaining data on more than 38m customer accounts. The software maker also said that hackers had stolen part of the source code to Photoshop editing software that is widely used by professional [...]
Confidence is back as Spain exits recession October 30, 2013 THE TROUBLED Eurozone economy received a strong boost yesterday as Spain officially pulled out of recession in the third quarter, after more than two years of falling GDP. But not all areas of the currency area are improving. Germany, which had led the recovery, has revealed a shock rise in unemployment in October. Spain recorded [...]
Cushman & Wakefield appoints Flower as its UK chief executive October 30, 2013 CUSHMAN & Wakefield said yesterday it has appointed Digby Flower, its head of London markets, as its UK chief executive as part of a shake-up of its management team. The property advisory firm, which has over 250 offices in 60 countries, said Flower will replace Bryan Laxton, who will step down in the new year [...]
Credit card insurer CPP whacked with a further bill for mis-selling October 30, 2013 TROUBLED credit card insurer CPP yesterday said its mis-selling bill has risen by a further £1.8m and confirmed that the performance of its core UK business is continuing to deteriorate. Shares in the York-based business, which has now set aside a total of £55.8m to cover its mis-selling scandal, closed down 10.3 per cent. CPP has already admitted [...]
