The Square Mile sets sail for the Isle of Wight August 6, 2013 GLORIOUS Goodwood, Royal Ascot, Wimbledon and Henley Royal Regatta have all been and gone, so it was off to the Isle of Wight yesterday, for the last of the City summer sporting jollies. Aberdeen Asset Management’s Cowes Week means days of sailing and schmoozing down in the small town of Cowes, with the highlight of [...]
Falling precious metal prices hit Fresnillo results August 6, 2013 MINER Fresnillo plunged to the bottom of the FTSE 100 yesterday morning, after reporting a 14.7 per cent fall in half-year revenue due to the decline in gold and silver prices. Earnings fell 29.1 per cent to $486.3m (£316.1m) and the dividend – which is calculated in line with earnings – was cut by 68 [...]
Meggitt profits rise seven per cent due to aerospace boost August 6, 2013 DEFENCE equipment and aircraft parts maker Meggitt yesterday posted a seven per cent lift in half-year profits to £182.4m, thanks to particularly strong performances in its civil aerospace and energy divisions. The FTSE 100-listed firm, which provides flight displays and wheels for Airbus and Boeing aircraft, reported a four per cent increase in total revenues [...]
Capita signs Barnet deals August 6, 2013 OUTSOURCING firm Capita yesterday said it had finally signed two contracts worth £474m with Barnet Council, after the High Court dismissed a local resident’s legal challenge. Under the deals, Capita will run the council’s back office services and enter a joint venture with the council to deliver infrastructure services in the north London borough. The [...]
Campari toasts growth in the coming months August 6, 2013 ITALIAN drinks maker Campari expects business to improve gradually in the second half of this year after a regulatory change and one-off restructuring charges hit earnings in the first six months. The maker of the bitter red aperitif said developed markets, particularly in crisis-hit Europe, had either stabilised or improved. Nearly half of Campari’s sales [...]
Rotork announces record results August 6, 2013 Engineer Rotork topped the FTSE 250 index yesterday morning after posting a 9.5 per cent increase in half-year profits and a 12.3 per cent increase in revenue, boosted by a number of acquisitions and higher margins. Shares rose 6.7 per cent in the morning and closed 7.7 per cent higher at £29.12. “Our strategy of broadening [...]
Wood Group extends Dana contract August 6, 2013 Energy services firm Wood Group yesterday said it has extended its contract with oil explorer Dana Petroleum to provide support services in the North Sea on the Triton FPSO vessel. The two-year contract has an option for a one-year extension and is estimated to be worth up to £40m per year. “We have provided support [...]
Brand Index: Twitter row has changed UK perception of the brand August 6, 2013 EVERY so often the messenger becomes the story. Sometimes this is a person and sometimes a medium. In the past week Twitter, the social media platform, often used for reporting news became the news as campaigners and MPs were subjected to abuse and rape threats, while anger erupted over Twitter’s response. There has been plenty [...]
Sony spurns Loeb’s call to split the firm August 6, 2013 SONY yesterday rejected a proposal from activist shareholder Dan Loeb to partially spin off its entertainment business, but the billionaire investor vowed to keep talking with the company and to explore other options. The Japanese company said it could still squeeze synergies from its decades-old marriage of content and hardware and promised more disclosure in [...]
Sports Direct picks up Goldman to be its third corporate broker August 6, 2013 SPORTS Direct has named Goldman Sachs as its third corporate broker, months after chairman Mike Ashley used the bank to help sell £100m of his shareholding. The retailer said Goldman Sachs’ first task will be to work with its employee trust to sell 17m shares through a secondary placing. Espirito Santo was also named on [...]
