Premier Farnell deflated by slipping sales in UK and Europe December 6, 2012 PREMIER Farnell, which distributes electronic parts to engineers, disappointed yesterday with lower third quarter adjusted pre-tax profits versus last year. The FTSE 250 listed firm, which sells products like batteries and IT parts to customers, said the 18 per cent fall in adjusted pre-tax profit to £17.3m was due to lower revenues from the UK [...]
What do you think of Premier Farnell’s results? December 6, 2012 JONATHAN JACKSON KILLIK & CO Weak third quarter results. Sales per day declined 1.6 per cent, reflecting less favourable market conditions in September and October. In November, the market was strongest in the Americas. CAROLINE DE LA SOUJEOLE SEYMOUR PIERCE Once again this was a disappointing set of quarterly numbers which will lead to downgrades [...]
Daimler raises €1.66bn in sale of EADS stake December 6, 2012 GERMAN car maker Daimler has netted €1.66bn (£1.3bn) selling a 7.5 per cent stake in EADS, as part of a shake-up at the aerospace group that will put most of its shares beyond state control. EADS, which scrapped plans to merge with Britain’s BAE Systems two months ago, saw its shares jump as much as [...]
EasyJet’s November traffic rises as strike threat dents Aer Lingus December 6, 2012 EASYJET yesterday posted a jump in traffic for November alongside news that it will start flying to Newquay, while low-cost rival Aer Lingus said its traffic was hit by the threat of industrial action. Passenger numbers for EasyJet last month were up 7.7 per cent on a year ago to 4.12m. In the 12 months [...]
Beiersdorf ups 2012 sales outlook December 6, 2012 Beiersdorf, the German owner of Nivea, yesterday raised its 2012 sales target for the second time within five weeks. The German company said sales growth this year would now be “well over four per cent” at a group level as well as at its consumer business segment.
FastJet takes off in launch week December 6, 2012 Aim-listed African airline FastJet got off to a flying start in its first week. Fastjet revealed that it carried almost 7,000 passengers on its maiden flights in Tanzania. It also announced that it has raised an additional £2.5m by placing 66.67m shares with an existing institutional investor and drawing down some of its £5m equity [...]
Premier Oil abandons Cyclone well December 6, 2012 Premier Oil said yesterday that its Cyclone exploration well in the North Sea had failed to strike oil. It said the well would now be abandoned. The Cyclone well was the last in its 2012 drill programme, but Premier said it expected to drill further exploration wells in the North Sea next year. Its shares [...]
Correction December 6, 2012 In our edition dated 6 December, we wrongly said that United Biscuits subsidiary KP Snacks, which is to be sold to Intersnack, makes Twiglets. KP Snacks does not produce Twiglets, which are part of United Biscuits’ baked snacks division, and will remain so once the sale is complete.
Houses prices set to remain flat during 2013 December 6, 2012 HOUSE prices are set to remain flat in 2013, Halifax bank said yesterday, as weak economic growth and pressure on household finances continues to constrain demand. It also announced that the price of an average UK home rose by one per cent month-on-month to £160,879 in November. “We expect continuing broad stability in house prices nationally [...]
Bank of England pins growth hopes on funding for lending December 6, 2012 THE MONETARY Policy Committee (MPC) sat tight yesterday, keeping interest rates and the quantitative easing (QE) programme unchanged, despite growing fears that the economy is contracting again. Economists believe the Bank has lost faith in QE as a way of boosting demand, and instead is relying on the Funding for Lending Scheme (FLS) to boost [...]
