Why the office is killing your creativity dead August 7, 2015 Staying late at work is a sign of inefficiency rather than dedication This short article was written in the following places: on the stairs of Opera Holland Park; by the carousel at Heathrow’s Terminal 5; at a themed house party; and at home while watching The Bridge. Inspiration never comes when required. The [...]
Best of the Brokers for 7 August 2015 August 7, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AVON RUBBER WH Ireland reiterated its “buy” rating on the rubber company, following its acquisition of Italian milking components business InterPuls for €29.75m (£19.2m). The broker said the deal will broaden Avon’s product range, client base and geographic footprint, and raise the target [...]
FTSE falls despite rally after Bank’s dovish rate update – London Report August 7, 2015 BRITAIN’S top share index slipped yesterday, weighed down by weakness in miners and insurer RSA, though it briefly rallied off lows after a broadly dovish update from the Bank of England. The FTSE 100 index ended down 5.32 points, or 0.1 per cent lower at 6,747.09 points, turning slightly lower after a negative open on [...]
Miner Randgold’s profit takes a tumble as gold loses its glitter amid price falls August 7, 2015 Randgold Resources yesterday said its pre-tax profit fell in the first half of 2015 due to lower gold prices and higher costs. However, the miner said its results stood strong against a sector “buckling under the pressure of the gold price downturn”. The FTSE 100-listed gold miner reported a pre-tax profit of $72m (£46.4m) in [...]
Inmarsat reschedules GX satellite launch for August August 7, 2015 AVIATION telecomms company Inmarsat has rescheduled the launch of a satellite needed to complete its new Global Xpress network for the end of August, after failures in May delayed operations. The telecom service for shipping and aviation had to delay the service, which it says will deliver $500m (£322.3m) in annual revenue within five years, [...]
Aerospace firm Cobham’s shares take off despite 92pc profit drop August 7, 2015 BRITISH aerospace and defence firm Cobham yesterday reported a 92 per cent reduction in pre-tax profit in the first half of the year, despite improved orders and revenue during the period. Profit before tax fell to £4m from £54m in the first six months of 2014. The group said the acquisition of US wireless communications [...]
Amlin goes racing green with Formula E August 7, 2015 Global insurers Amlin announce their sponsorship of Formula E team Andretti for the next season today. Head of communications Adrian Britten, who was so proud of “the best looking cars on the road”, also hinted that the firm may start using electric company cars. “We’ve had a very positive response from our senior teams.”
August 2015 TfL Tube strike: Penny farthings, canoes and cycling elephants take to the streets as sarcastic commuters beat the Tube strikes August 7, 2015 Everyone's a comedian; at least judging by the transportation Londoners chose yesterday. But with horrendous queues clogging the City, was there method in the madness? Commuters in Battersea were delighted when Londoner Alan Price headed for work on a penny farthing early in the morning (there’s always one). Londoner beats the Tube strike with 19th [...]
Ceramics maker Portmeirion sits pretty after jump in profit August 7, 2015 PORTMEIRION said profits jumped by 45 per cent in the first half as the launch of a new tableware range with Ted Baker proved on trend with younger shoppers. The Aim-listed tableware producer, which also owns Spode, Royal Worcester and Pimpernel, said sales increased 14 per cent to £27.9m in the half year to 30 [...]
Retailers hit by worst summer in half a decade August 7, 2015 THE UK high street is suffering its worst summer in six years, according to BDO’s latest high street sales tracker, which revealed three consecutive months of falling sales. Mid-market retailers saw sales drop by 1.1 per cent year-on-year in July, the fashion sector taking the biggest hit with a decline of 1.4 per cent. Lifestyle [...]
