Latin America prompts higher quarterly earnings for Colgate October 24, 2013 COLGATE-PALMOLIVE reported slightly higher third-quarter earnings yesterday as it spent more on advertising and posted strong sales growth in Latin America, yet failed to show robust growth at home. The toothpaste maker still expects its annual profit to rise 4.5 per cent to 5.5 per cent, assuming foreign exchange rates remain fairly stable. It is [...]
Quintain launches London’s first designer outlet village in Wembley October 24, 2013 HUNDREDS of shoppers made their way to Wembley yesterday as London’s first designer outlet village offering discounts of up to 70 per cent on top brands opened its doors. The 280,000 square feet shopping centre, which has over 70 shops including Marks & Spencer, LK Bennett and Nike, forms part of developer Quintain’s wider 85-acre [...]
City Moves for 25 October 2013 | Who’s switching jobs October 24, 2013 Aon Hewitt The human resources solutions firm has announced the hire of Stephen Hackett as head of health and risk in its benefits solutions practice. He joins from Capita Employee Benefits, where he was head of health management. Prior to that, Hackett was head of employee benefits at Bluefin. Jupiter The asset management company has [...]
Ophir confirms plans to sell off Tanzanian asset October 24, 2013 AFRICA-FOCUSED oil explorer Ophir Energy soared to the top of the FTSE 250 yesterday, after the firm confirmed that it is looking to sell part of its Tanzanian assets. “We’re not surprised by the sale, due to the extent of the Tanzania project in terms of capital,” Kate Sloan, analyst at Liberum Capital, told City [...]
Fresnillo pays out its dividend early to avoid new tax charge October 24, 2013 FTSE 100 miner Fresnillo yesterday said it is issuing part of next year’s dividend early, which will spare shareholders a new Mexican tax charge. The firm said that it could pay out the $165m (£102.2m), equating to 22.39 US cents per share, after confirming that the company has a strong balance sheet and is well [...]
Kazakhmys on track to meet high end of copper guidance October 24, 2013 FTSE 250-listed Kazakhmys’ share price rose over five per cent yesterday, after the miner said it was on track to meet full-year production targets for all metals. Copper output over the first nine months of 2013 increased by five per cent on the same period last year and the firm said it is on track [...]
Rolls-Royce wins contract with Samsung October 24, 2013 AEROSPACE firm Rolls-Royce yesterday said it has signed a contract to supply machinery for two drilling rigs which will be built in Korea. The deal, which is valued at £22m, was awarded by Samsung Heavy Industries, a subsidiary of the Samsung Group conglomerate, and the drilling rigs will be built for Stena Drilling. The new [...]
Workspace sells biscuit factory October 24, 2013 Office space provider Workspace has sold a large chunk of its 11 acre Tower Bridge Business Complex – also known as the biscuit factory – to Grosvenor for £51m. The Aim-listed group said yesterday that Grosvenor will develop the seven acres it has bought into a residential scheme with 800 new homes. As part of [...]
Segro signs big Asics contract October 24, 2013 Segro has secured its largest pre-let deal to date after agreeing to lease space to Japanese sportswear brand Asics. The FTSE 250 developer said yesterday it is to build a 72,000 square metre distribution centre for Asics Europe at the Segro logistics park near Dusseldorf in Germany. Reporting its third quarter results, Segro said it [...]
Serco secures £355m Dubai deal October 24, 2013 Outsourcing firm Serco yesterday said it has signed a five-year contract extension worth £355m with the Dubai Government Roads and Transport Authority (RTA). Under the agreement, the FTSE 250 firm will continue to operate and maintain the Dubai Metro, with an opportunity to extend the contract for a further two years to 2021. The company first [...]
