ANALYST VIEWS: WHAT DO YOU MAKE OF BRITISH LAND’S RESULTS? August 4, 2010 PAUL PULZE | EVO SECURITIES The importance lies in what British Land didn’t say, rather than the contents of the results. The firm said it’s doing exciting things in the long term, but competitors like Hammerson have got big plans in the works now. It has £3bn of debt facilities and doesn’t need to rely [...]
Next to hike prices as its costs increase August 4, 2010 NEXT yesterday reported a slowdown in consumer spending and said the rising costs of materials and VAT would force a hike in the price of its goods. The retailer said factors such as rising cotton prices and the VAT jump to 20 per cent from January would mean the customer being hit in the pocket. [...]
Adidas sees a rebound after World Cup boosts its first-half sales figures August 4, 2010 ADIDAS yesterday raised its profit forecasts after the World Cup fuelled a retail sales lift of 20 per cent in the first half of the year. The world’s second biggest sporting goods maker after Nike, said it expects full-year net profit of €520m (£430m) to €550m. Adidas supplied the Jabulani World Cup match balls and [...]
Campari sees sales grow 16pc August 4, 2010 Drinks group Campari saw sales grow by more than 16 per cent in the first half of the year. That fuelled a net profit of €69.3m (£57.4m) – up 15.2 per cent on the previous year. Bob Kunze-Concewitz, chief executive, said: “Our performance in the first half of 2010 was very positive with significant growth [...]
MoneySupermarket boost August 4, 2010 Price comparison website Moneysupermarket.com yesterday said its full-year outlook was in line with expectations after posting positive first-half results thanks to its money and insurance divisions. The group said adjusted earnings before interest, tax, depreciation and amortisation fell three per cent to £18.1m, off revenues up four per cent at £71.6m. The firm, which said [...]
Carpetright facing a tough year ahead August 4, 2010 CARPETRIGHT, Britain’s biggest floor coverings retailer, posted a drop in first-quarter underlying sales yesterday and said it was cautious about the outlook for consumer spending for the rest of its financial year. The firm, which runs over 700 stores, said sales at British and Irish stores open at least a year fell 3.4 per cent [...]
SWATCH CLOCKS UP RECORD RESULT August 4, 2010 SWATCH, the world’s largest watchmaker, yesterday reported a 54 per cent increase in profits for the first six months of the year. Net profit rose to SwFr465m (£280m) on record gross sales of SwFr3.03bn. The group, best known for its colourful plastic Swatch watches but also owns higher-end brands such as Breguet, Blancpain and Omega, [...]
Premier Foods sees profit dip with extra pension cost August 4, 2010 BRITAIN’S largest food producer Premier Foods yesterday posted a lower profit on additional pension and restructuring costs, but said it was on track to generate its targeted cash flow for 2010, sending its shares up nine per cent. The FTSE-250 group, which had been laden by heavy debts mostly due to some of its acquisitions, [...]
World cup and sunshine give Marston’s a lift August 4, 2010 SUNSHINE and the World Cup weather boosted beer sales for brewer Marston’s. The company said yesterday it remained on track to meet its expectations for the year. Sales at its managed pubs open for more than a year were up 1.7 per cent on the prior year in the 43 weeks to 31 July, including [...]
Halifax reports a rise in UK house prices in July August 4, 2010 FEARS of a double-dip in the UK housing market dissipated somewhat yesterday after mortgage lender Halifax reported that house prices rose by 0.6 per cent in July. Last month’s rise entirely offset the June drop in prices and the average price of a UK house now stands at £167,425. This is slightly below where they [...]
