Cuadrilla mulls future investor growth plans January 13, 2013 CUADRILLA Resources, the Staffordshire based shale gas explorer, is in talks with potential investors over taking a potential stake in the business amid growing investment interest in the UK shale gas sector. The company, currently the sole driller for shale gas in the UK using hydraulic fracturing or fracking, is understood to be holding talks [...]
Northcote starts trading on AIM after Shore Capital share placing January 13, 2013 OIL and gas producer Northcote will list on the junior stock market today, following a placing by Shore Capital. Northcote, which will trade under the ticker NCT, will be focused on onshore projects in the US, primarily in the Mississippi Lime formation in Oklahoma, which the firm said has net proven reserves of 661,000 barrels [...]
US expansion boosts growth at LK Bennett January 13, 2013 LK BENNETT, the upmarket womenswear brand, reported a 15 jump in full year turnover yesterday driven by its expansion into the US market and soaring online sales. The retailer, which unveiled Bond girl Rosamund Pike as the new face of its brand last week, said turnover increased by 15 per cent to £94.1m in the [...]
Net-A-Porter posts a £27m loss despite jump in full-year sales January 13, 2013 NET-A-Porter, the luxury online retailer, swung to a loss last year after investing heavily in its expansion, despite seeing sales soar by 55 per cent. The group, which is owned by Swiss luxury conglomerate Richemont, made a £27m loss in the year to 31 March 2012 compared with a 5.2m profit the previous year. According [...]
Subway fights for sandwich tax equality January 13, 2013 FAST food chain Subway is preparing to recommence battle with HM Revenue & Customs over the decision to charge VAT on toasted sandwiches, in a move that could reheat the furious row that surrounded last year’s pasty tax. The company has won the right to take a test case to the Court of Appeal, despite [...]
VW sales rise to record in 2012 January 13, 2013 GERMANY’S Volkswagen said yesterday that group sales rose 11.2 per cent last year to a record 9.07m vehicles, powered by demand from China and the US. Global sales by the German group in December surged 20.7 per cent to 784,300 cars, the firm said in a statement in Detroit ahead of the North American auto [...]
Baugur chief to burger king January 13, 2013 Former Baugur chief Jon Asgeir Johannesson has re-emerged on the UK investment landscape – as an angel investor in an artisan beef burger maker. Johannesson, who led investments in some of the UK’s biggest high street names before the financial crash, has taken a 25 per cent stake in Muddy Boots Real Foods, a family [...]
Lotus struggles to stay on track January 13, 2013 BRITISH sportscar maker Lotus posted a pre-tax loss of £115.2m for the year to March 2012, increasing on its loss of £21.4m for the previous financial year. Revenues also dropped after Lotus produced just 1,043 vehicles, compared to 1,457 in 2010-11. The Norfolk-based company is still without a chief executive after sacking Dany Bahar in [...]
Women come top of Financial Power list 2013 January 13, 2013 TWO influential women have stormed to the top of the annual Financial Power list produced by Accountancy Age. The list aims to rate the most influential movers and shakers in accounting and finance. Previously no woman has ever topped the list, let alone occupied the top two slots. So who are these winning women? At [...]
Full steam ahead: Old train chugs to Moorgate January 13, 2013 ANYONE unlucky enough to be travelling into the City yesterday morning may have noticed two loveable old relics at Moorgate tube station, an old steam train and London Mayor Boris Johnson. The 9.54am from Kensington Olympia to Moorgate huffed and puffed through the City as part of the celebrations to mark 150 years since the [...]
