SSP revenues hit by stronger UK currency July 21, 2015 TRAVEL food-stop company SSP Group yesterday said that currency changes had made a big impact on what should be a successful year. SSP has seen a good year of trading so far, with total revenues increasing by 4.1 per cent on a constant currency basis according to its third-quarter trading update released yesterday. Unfortunately for [...]
Experian sells its business intelligence arm FootFall to US firm Tyco for £38.5m July 21, 2015 Global information services firm Experian yesterday announced that it had divested itself of retail intelligence business FootFall for £38.5m to Tyco. Tyco is a leading provider of integrated retail performance and security solutions. FootFall monitors and analyses in-store customer behaviour to help retailers and shopping centres to understand their customers better. Said Experian chief executive [...]
Cable & Wireless revenue up on broadband growth July 21, 2015 Cable & Wireless Communications (CWC), the telecoms group active in the Caribbean and Latin America, yesterday said demand for broadband and video helped it grow in the first quarter, as mobile revenue stalled. CWC, which bought rival Columbus earlier this year, said group revenue grew four per cent to $583m (£374m) in the three months [...]
Remy cointreau keeps its spirits up July 21, 2015 French spirits group Remy Cointreau said like-for-like first-quarter sales fell nine per cent year-on-year, hit by weak demand for premium cognac in China and its exit from the lower-priced VS cognac category in the US. The firm said it is still targetting profit growth this year.
City Moves for 22 July 2015 | Who’s switching jobs July 21, 2015 Mount Anvil The property developer has appointed Adam Leach as senior development manager in its acquisition team, focusing on land-buying in central London. He joins from Berkeley Homes, and has also held roles at Generator and JLL. Oppenheimer Europe The investment bank has announced the launch of a debt capital markets and syndication business, appointing [...]
Best of the Brokers for 22 July 2015 July 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINO’S PIZZA GROUP Numis reiterated its “buy” recommendation on the pizza delivery company, ahead of its interim results next week. The broker believes the firm’s growth prospects are “significant” and said they are undervalued relative to those of the US and Australian operations. [...]
FTSE stumbles over corporate results and commodity falls – London Report July 21, 2015 BRITAIN’S top share index edged lower yesterday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound for gold-mining companies and a rally in car insurers. The FTSE 100 index closed down 0.29 per cent at 6,769.07p after gaining 0.2 per cent in the previous session. EasyJet was [...]
Dow falls on low earnings – New York Report July 21, 2015 US STOCKS fell yesterday following results from IBM and United Technologies that dampened early optimism over earnings season. Investors were also awaiting quarterly profits from tech giants, including Apple and Microsoft. The Dow fell one per cent, to 17,919.29, with IBM and United Tech contributing around 118 points to the 181-point drop. The S&P 500 [...]
Universities are on the frontline in the UK’s battle against Islamic extremism July 21, 2015 Mohammed Emwazi, Michael Adebolajo, Seifeddine Rezgui – by all accounts quiet, unassuming individuals until they became ISIL’s celebrity executioner, Lee Rigby’s murderer, and author of the Tunisian massacre respectively. Insofar as any common thread binds this grim trio and all too many other recent terrorists, it is not poverty, deprivation or social isolation, but their [...]
Labour must re-embrace the City of London for the benefit of all society July 21, 2015 AS HSBC mulls over whether to leave the UK, it’s time for Londoners to re-embrace the City of London. Indeed, if I was mayor, I would be campaigning for major banks to stay headquartered here, unlike the current mayor. The jobs they offer directly and indirectly matter, but the damage to London’s reputation if they [...]
