Business travel lifts Hogg Robinson July 23, 2013 Hogg Robinson yesterday posted a four per cent rise in revenues from 1 April to date, helped by its clients taking more trips. The firm, which arranges business travel and data services, said clients spent six per cent more than during the same period last year.
West End booming says Shaftesbury July 23, 2013 Strong demand for restaurants, shops and flats in the west end have helped to drive rental growth at Shaftesbury. The FTSE 250 group, which owns swathes of property in and around Soho, said the west end was “flourishing” as London continues to attract “unprecedented levels of interest from across the world”.
IPO to value Conviviality at £66.7m July 23, 2013 The owner of the off-licence chain Bargain Booze is set to become the latest company to join London’s alternative investment market next Wednesday. Conviviality Retail which raised around £64m from the placing, said yesterday it will have a market value of £66.7m with shares set to start trading at 100p a share.
Freesat boosts TV subscribers July 23, 2013 Freesat, the subscription free TV service, will anounce today that it added 145,000 new homes to its service last year. The rise, which follows 21 straight quarters of growth, means the service could soon outpace pay-TV rivals like Sky and Virgin Media, the company said.
A City celebrates the Royal birth July 23, 2013 AS THE world’s eyes were fixed on a hospital in Paddington yesterday, how did the City celebrate the birth of the new Royal baby? Insurance market Lloyd’s honoured tradition by ringing its historic Lutine Bell (right), while in Tower Bridge the Honourable Artillery Company fired off an impressive gun salute (below). But there was less baby hysteria [...]
Sage trading in line as it boosts cloud sales July 23, 2013 SOFTWARE company Sage said yesterday it was confident of meeting its financial goals after overcoming weak markets in Europe to trade in line with forecasts. The group, which supplies accountancy and business software to more than 6m small companies, said it had delivered a resilient performance in France and Spain despite the general weak market [...]
UPS fails to deliver profit growth July 23, 2013 American delivery company UPS posted a smaller quarterly profit yesterday as customers, especially on international routes, chose slower, cheaper shipping services. For the quarter, UPS earned $1.07bn (£697m), compared with $1.12bn a year before. Total revenue increased 1.2 per cent to $13.51bn. Export shipments rose five per cent, but because customers used cheaper delivery options, [...]
Monitise revenues almost double July 23, 2013 Mobile payment services provider Monitise yesterday said that its full-year revenues had almost doubled to £70m. “As well as the substantial revenue growth, numerous launches on a global basis, some very important new partnerships, the integration of three acquisitions and the raising of more than £100m, we have entered our new financial year with momentum [...]
Tullow Oil hits bottom of FTSE due to dry wells July 23, 2013 TULLOW Oil made the biggest losses on the FTSE 100 yesterday, plunging 6.6 per cent after reporting that wells in Mozambique and French Guiana would be plugged and abandoned after coming up dry. One of the energy explorer’s Mozambique wells discovered a gas-bearing reservoir, but this was deemed unlikely to be commercial on a standalone [...]
Brand Index: Co-op Bank still trailing its rivals after series of setbacks July 23, 2013 A MONTH ago I looked at the succession of crises suffered by the Co-operative Bank this year: the collapse of its deal to buy branches from Lloyds, a downgrade from Moody’s, and the controversy surrounding its bail-in. I promised that we would be watching closely to see how it played out over time, and so [...]
