Chemring has record order book March 1, 2012 Defence contractor Chemring said yesterday it has a record order book of £997m. Revenue during the first three months was £137m, in line with the board’s expectations but sales have been flat while the company, which makes ejector seats and pyrotechnic decoys for military aircraft, reported delays with contracts.
Howden restores its dividend March 1, 2012 British kitchen supplier Howden Joinery said yesterday that it would pay its first dividend for four years as it met forecasts with a nine per cent rise in 2011 profit. The firm, which emerged from the old MFI Furniture business, said yesterday that after ending the year with net cash of £57.1m it would pay [...]
Enegi Oil boosted by update March 1, 2012 Shares in AIM-listed oil and gas group Enegi Oil soared by up to 14 per cent after it confirmed positive preliminary analysis results at its operations in Garden Hill South, Western Newfoundland. The company says the well will now be flowed to bring it back online at controlled rates over the following days.
CITY MOVES | WHO’S SWITCHING JOBS March 1, 2012 Hanson Green The board level search firm has appointed two new directors. Graham Jones and Abdul Bhanji are founder members of The Inzito Partnership, an executive search firm founded in 2009 by partners from Blackwood Group, PwC and Whitehead Mann. Before moving into recruitment, Jones worked at IBM and PwC, where he specialised in technology, [...]
BEST OF THE BROKERS March 1, 2012 RESTAURANT GROUP Citigroup has maintained its “buy” rating on the Frankie & Benny’s owner but upped its target price from £3.65 to £4 following a good set of full year results earlier in the week. The broker has updated its estimates and says that a premium is deserved given the estimated 10-year earnings per share [...]
Banks and financial shares lift FTSE on liquidity surge March 1, 2012 BANKS and other financial stocks, buoyed by central bank infusions of money into the system, helped Britain’s top share index rebound yesterday with fund manager Man Group surging after it reported client outflows have slowed. London’s blue-chip index closed up 59.74 points, or 1 per cent, at 5,931.25, erasing the 1 per cent drop on [...]
US stocks return to the highs of 2008 March 1, 2012 US stocks rose yesterday, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labour market, though sharp gains in oil prices limited the advance. After losses on Wednesday, the rebound took the S&P 500 back above its 1,370 resistance level, which is seen as key to maintaining [...]
A plan for UK growth needs more than warm words: An entrepreneur’s call to arms March 1, 2012 LIKE most entrepreneurs, I love my business and I want to grow it. It would seem, from all the government’s powerful rhetoric, that David Cameron loves my business, too. After all, the official line is that this is the year the government needs to unlock the creativity and entrepreneurial talent buried deep in many of [...]
Don’t let retrospective rules put out the lights March 1, 2012 THE laws of physics have apparently been reinstated. The suggestion from Cern at the end of last year that neutrinos could travel faster than light sent our models of the universe atremble – but Cern, having turned everything off and on again, now puts the effect down to some faulty wiring. The rule of law, [...]
RAPID RESPONSES March 1, 2012 Pay up and leave [Re: Hysteria over student visas is damaging Britain’s future growth, Wednesday] I’m from Singapore and chose to study in the UK because I’m interested in the car industry, where the UK is well-established. But I’m rejected by work placements because my visa doesn’t allow me to take a year off to work. [...]
