Alterian looks ahead to double-digit revenue gains in 2013 despite losses November 30, 2011 BRITISH marketing software provider Alterian, which posted a first-half loss, sees double-digit revenue growth in 2013 on the strength of its US and Asian markets, its chief executive said yesterday. “We [can] start to look at increased revenue growth of 15 per cent year-on-year,” chief executive Heath Davies said. The company, which recently received a [...]
Sportingbet profits hit by taxes in Greece and Spain November 30, 2011 ONLINE betting and gaming group Sportingbet said yesterday its revenues had risen by 17 per cent in the first quarter, but that profits before tax fell more than £1m as new European taxes took their toll. The increase took total revenue from £51.1m in the same period last year to £59.9m this year, as the [...]
AEA Technology back in profit November 30, 2011 Technical, energy and sustainability consultant AEA Technology Group has returned to profit according to its six month financial report ending 30 September. Its pre-tax losses fell to £2.1m, down from £8.8m a year ago, and revenue was up five per cent to £53.5m. The group’s lender, Lloyds Banking Group, has agreed financial covenants for 2012, [...]
Daisy Group continues to grow November 30, 2011 Daisy Group, the business communications services provider, yesterday published its six month interim report showing a 32 per cent growth in revenue from £120m to £176m and an operating loss of £6.1m, down 27 per cent from £8.3m last time. Chief executive Matthew Riley said the business had seen a healthy increase in market share [...]
Media Square revenue declines November 30, 2011 Marketing communications group Media Square yesterday reported a two per cent decline in revenue for the first six months of the financial year, reaching £21.8m compared to £22.3m last year. This was put down to the “challenging trading environment”, although “prudent cost control” allowed the group to maintain its operating profit at the same level [...]
Marston’s to create 1,000 new pub jobs November 30, 2011 BREWER and pub chain Marston’s announced it will create another 1,000 jobs next year through its continued expansion, as the group reported a 9.4 per cent rise in full year pre-tax profits. Chief executive Ralph Findlay told City AM that the government needed to be “constructive” and “make the link” between its taxation policy, particularly [...]
Britvic will begin manufacturing its Fruit Shoot in US November 30, 2011 BRITVIC will start manufacturing its children’s Fruit Shoot brand in the US for the first time after signing distribution deals, which will also see it double its presence to six states. The UK’s second-biggest soft drinks maker behind Coca-Cola announced an agreement with Pepsi Bottling in the US, to manufacture and distribute Fruit Shoots in [...]
Broadbent takes over as new chairman of Tesco November 30, 2011 SIR RICHARD Broadbent has officially taken over as Tesco’s new chairman, replacing David Reid, who has spent almost two decades on the board of the UK’s leading supermarket chain. The appointment, seen as one of the biggest corporate roles in the UK, was first announced in May, with Sir Richard joining the board as a [...]
Sberbank lifts outlook on margins and loan growth November 30, 2011 SBERBANK, Russia’s largest bank, hiked its full year profit forecast yesterday following a 76 per cent rise in third-quarter net income to $2.55bn (£1.6bn), driven by loan growth and higher margins. The state lender now expects 2011 net profit to come in at 300-310bn roubles (£6.2bn – £6.4bn), up from an earlier forecast of 250-270bn [...]
Wendel to pay off debts with €1.5bn Deutsch sale November 30, 2011 SHARES in French investment firm Wendel rose 16 per cent yesterday after it said it was in exclusive talks to sell its Deutsch Group electronics business to TE Connectivity for €1.55bn (£1.3bn). Wendel is selling the firm it bought in 2006 to help cut its debt pile, which stood at almost €5bn in August. The [...]
