THE TIPSTER August 18, 2010 TODAY’S interim results from Cineworld will be essential viewing with the cinema chain set to post a decent performance helped by good revenues from popular 3D films, including Avatar and Toy Story 3. In spite of the negative impact of the World Cup, which kept people away from the big screen, along with the spell [...]
LISTED PRODUCT NEWS August 18, 2010 ETF LANDSCAPE IS STILL GROWING The latest ETF landscape survey from iShares, the ETF provider, has found that the industry continued to grow throughout July. At the end of July, the global ETF industry had 2,282 ETFs with assets of just over $1,095bn, from 124 providers listed on 42 exchanges across the world. Europe has [...]
Go surf ‘n’ turfing in Farringdon August 18, 2010 Redhook 89 Turnmill Street, EC1M 5QU Tel: 020 7065 6800 FOOD SERVICE ATMOSPHERE Cost per person without wine: £40 THE restaurant industry has a huge crush on Farringdon. Farringdon is the cool girl that couldn’t care less, twiddling her hair and looking this way and that, with her grimy streets and warehouse-style apartment buildings. The [...]
THREE OTHERS: OUR FAVOURITE STEAK RESTAURANTS August 18, 2010 GOODMAN This Russian-owned steakhouse is widely considered the epitome of red meat in London – and now there’s a City branch. The 150 day-aged corn-fed USDA beef is second to none, and there’s lots of other goodies on the menu too. 11 Old Jewry, EC2R 8DU, tel: 020 7600 8220. HAWKSMOOR This Old Street favourite [...]
FOOD & BOOZE NEWS August 18, 2010 PATISSERIE POP-UP AT HARVEY NICKS Get the cakes in – in spectacular style – at Harvey Nichols this autumn where American super-patissiere Claire Clark will be opening a pop-up for two months. Goodies lurking within her groovy Perspex cases will include bubblegum marshmallow pavlovas, Jaffa Cake macaroons and peanut butter S’Mores. The Claire Clark Patisserie [...]
Bank of England voted 8-1 to freeze interest rate August 18, 2010 Bank of England policymakers considered the case for both easing and tightening policy this month, before voting eight to one to keep interest rates at a record low of 0.5 per cent, minutes showed. Monetary Policy Committee member Andrew Sentance called for a 25 basis point rate hike for the third month running, minutes of [...]
BHP Billiton launches hostile bid for Potash August 18, 2010 BHP Billiton, the world’s biggest miner, has launched a hostile $39bn (£24.9bn) bid for Potash Corp after the Canadian fertiliser group’s board rejected the world’s largest takeover offer this year. BHP Billiton said it was submitting it directly to shareholders and bypassing Potash Corp’s board, which a day earlier called the bid of $130 a [...]
Maersk swings back to profit and raises forecast August 18, 2010 Moller-Maersk, the world’s largest container shipping company, has returned to profit in the first half of the year. The group reported a net profit of 14.15bn Danish kronor (£1.57bn), while revenues grew by 20 per cent. In the same period a year ago it had reported a loss of 3.02bn kronor. Meanwhile, DP World, the [...]
Henderson hit by “fragile” investors August 18, 2010 Anglo-Australian fund manager Henderson Group posted lower-than-expected profits in the first half as outflows accelerated in the second quarter on volatile markets and “fragile” investor confidence. Henderson said pre-tax profit was £41.6m in the first six months. That compared to its own estimate of between £47m and £49m. Last month the fund manager announced it [...]
Stagecoach sees sales rise August 18, 2010 Stagecoach said underlying sales rose across its UK and US bus and rail operations over the last three months and that it expects to meet its profit expectations for the year. Like-for-like revenues at its British rail business, which includes London commuter franchise South West Trains, grew seven per cent in the 12 weeks to [...]
