Darty swings back into the black June 18, 2015 DARTY, Europe’s third-largest electrical goods retailer, swung back to profitability at the net level in its fiscal year ending in April, thanks to lower one-off charges. The firm, which competes with Metro’s Media-Saturn and UK giant Dixons, yesterday said there were signs consumer confidence was again improving, but its markets still remained challenging. Like many [...]
Safestore profit stacks up due to turnaround June 18, 2015 SAFESTORE, the London-listed self storage provider, yesterday revealed that its profits had stacked up in the first half of the year, thanks to an operational turnaround. The firm, which has stores in the UK and France, unveiled a 7.2 per cent increase in core earnings to £26.9m, while revenue rose 7.5 per cent to £50.4m. [...]
Switzerland maintains negative interest rates citing Greek concerns June 18, 2015 Negative interest rates and penalties for holding Swiss francs in cash will continue, the Swiss National Bank (SNB) said yesterday. Switzerland’s central bank is keeping the interest rate on sight deposits at minus 0.75 per cent, and leaving the target range for the three-month Libor unchanged at between minus 1.25 per cent and minus [...]
Best of the Brokers for 19 June 2015 June 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com FINDEL Cantor Fitzgerald reiterated its “buy” recommendation on the home shopping company, following final results which were in line with expectations. The broker noted that Express Gifts has had a steady record “so any question marks over the quality of the business are, [...]
FTSE rises after a rally in metals boosts miners – London Report June 18, 2015 BRITAIN’S top share index ended higher yesterday after slipping to a five-month low earlier in the session, with a strong bounce in miners and a rally in US equities helping the broader market. The blue-chip FTSE 100 index finished 0.4 per cent higher at 6,707.88 points. It earlier fell to 6,625.16, its lowest since late [...]
Nasdaq hits a record high as US stocks rally – New York Report June 18, 2015 THE NASDAQ Composite erased its last standing milestone from the dot-com era as it set a record intraday high yesterday, with stocks on Wall Street in rally mode boosted by strong economic data. A report in German newspaper Die Zeit about possible concessions made to Greece by its international creditors, which briefly extended the market’s [...]
The whole country can celebrate the Aim market’s twentieth anniversary June 18, 2015 Twenty years ago today, on 19 June 1995, London Stock Exchange launched Aim, a new market for ambitious growing businesses. With only 10 companies admitted on the first day of trading, with an aggregate value of just £82m, few might have envisaged it would be celebrating its twentieth anniversary this year. Since its inception, [...]
Don’t bank on Greece giving in: The Eurozone has far more to lose than it thinks June 18, 2015 Every good story has its dark moment, a crisis that comes before a resolution. The Greek debt saga appears to be reaching such a crunch point. Both sides are refusing to compromise further and are insisting the other is to blame, while Greece’s impossible IMF repayment at the end of the month looms. But amid [...]
London tech has already surpassed San Francisco – and it can do better yet June 18, 2015 London beats New York for finance, Boston for universities, and has the world’s most exciting arts scene. But it’s tech innovation that has the greatest potential to drive London’s future growth. No other city in the world can match our cluster of ideas, talent and capital. The potential is dizzying. If we can bring [...]
Will ending onshore wind farm subsidies make a real difference to customers’ bills? June 18, 2015 Amber Rudd, energy and climate change secretary, says Yes If we’d allowed the existing subsidy arrangement to continue, we could have ended up with more projects than we can afford – which would have led to either higher bills, or other renewable technologies losing out on support. Our cap on renewable energy spending gives as [...]
