Deutsche Bank tops estimates October 25, 2011 Deutsche Bank’s third-quarter pre-tax profits beat analyst expectations as retail banking and asset management helped offset investment banking profits stunted as the euro zone crisis hurt client activity. Weaker market activity forced Germany’s flagship lender to drop ambitious full-year targets earlier this month and announce 500 job cuts. It did not provide a fresh outlook [...]
Netflix to launch UK service October 24, 2011 Netflix has said it will launch a subscription service in the United Kingdom and Ireland in early 2012, offering unlimited TV shows and movie streaming over the Internet. The service will be available to customers on a monthly subscription basis, Netflix said. The company said further details about the service, including pricing, content and supported [...]
Miners lead FTSE up after China boost October 24, 2011 Markets have risen this morning triggered by hopes that a deal to resolve the Eurozone debt crisis can be put together while manufacturing data showed China’s growth is picking up. Although a weekend summit of Eurozone leaders was inconclusive with bickering clouding the talks. The skeleton of a deal was agreed with a summit to [...]
Eurozone business activity shrinks October 24, 2011 The euro zone’s private sector tipped further into decline in October, according to business surveys that showed the bloc’s economy is in serious danger of lurching from stagnation into outright recession. Shrinking order books and plummeting confidence sent euro zone factories into contraction for the third month in a row, and service sector companies for [...]
Fuller, Smith & Turner in £16m expansion October 24, 2011 Fuller, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics. Fuller is acquiring The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The seller is [...]
Mouchel sells energy arm to Mott MacDonald October 24, 2011 Mott MacDonald has has bought Mouchel Energy for an initial £2.55m. The deal come after after Mouchel Rail was sold to Australian consultant Sinclair Knight Merz for £3.4m. Mouchel will use money from the sale – which could reap a total of £3.5m in total – to repay some of its debt pile. The unit [...]
China manufacturing growth picks up October 24, 2011 China’s vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world’s second-largest economy. HSBC’s flash purchasing managers’ index (PMI) also showed price pressures eased in China, underlining consumer price data that has [...]
Dragon Oil upbeat on growth targets October 24, 2011 Turkmenistan-focussed oil firm Dragon Oil said it was confident of maintaining its 10 to 15 per cent target growth rate to 2015, putting it on track to produce 100,000 barrels of oil per day (bopd) in four years time. The company said on Monday that following a detailed review of its oil fields, it expected [...]
IHG revenues rise in Americas October 24, 2011 Intercontinental Hotels Group, the world’s biggest hotelier, reported higher revenue growth at its American operations and said customer demand had remained strong despite the global economic slowdown. “The US industry experienced record levels of room night demand in the third quarter as leisure travellers remained resilient through the summer and demand from business travellers stayed [...]
McDonald’s profits rise October 21, 2011 McDonald’s third quarter profits have risen nine per cent as cheaper ranges have helped to boost sales. The US fast food giant made a net profit of $1.5bn (£942m) in the three months to 30 September, up from $1.4bn a year earlier. Its revenues for the quarter rose 13.8 per cent to $7.2bn, while sales [...]
