Bond and The Hobbit rescue Cineworld from Olympic blues January 8, 2013 A STELLAR lineup of film releases at the end of last year rescued film theatre chain Cineworld from a subdued summer, with cinema goers spending more than ever on tickets and popcorn, despite the draw of the Olympics. The company said yesterday that revenues across the group had risen by 2.4 per cent in 2012, despite [...]
Robert Walters waits for job market uptick January 8, 2013 RECRUITMENT firm Robert Walters is looking for growth overseas as it waits for the UK jobs market to improve, it said in a trading update yesterday. The firm’s eponymous chief executive said the firm will “continue to invest in areas which will enable us to build our market position” while trimming its cost base in [...]
Hearst profits hit by deal January 8, 2013 THE OWNER of Cosmopolitan and Esquire magazines, Hearst, saw profits more than halve in 2011 in the UK after its £76.6m acquisition of Hachette Filipacchi’s British business. Hachette Filipacchi’s UK arm, which publishes magazines including Elle, was bought by the US-based publisher alongside the US, Russian and Ukrainian businesses in 2011, although the price of the [...]
Britvic and AG Barr investors give green light to £1.5bn deal January 8, 2013 THE MERGER of soft-drinks makers Britvic and AG Barr was rubber stamped by shareholders on both sides yesterday. The deal, which will create one of Europe’s biggest soft drinks firms with a market capitalisation of over £1.5bn, is set to be completed by the end of January. The vote was passed fairly unanimously, although 39 [...]
Interserve in board shake up January 8, 2013 Support services firm Interserve yesterday said it continued to trade in line with expectations, following several contract wins at the end of last year. The FTSE 250-listed firm also unveiled a board shake up, with Les Cullen succeeding director David Trapnell, who will retire after 10 years. Earlier this week, Interserve announced the $41.3m (£25.7m) purchase [...]
Base Resources joins AIM January 8, 2013 Kenyan-focused Base Resources started trading on London’s junior stockmarket yesterday, under the ticker BSE, in a move to expand its international footprint. It is also listed on the Australian securities exchange. The company is developing the Kwale Mineral Sands project around 50km from Mombasa in Kenya. RFC Ambrian acted as Base Resources’ nominated adviser and [...]
Fidelity hits top of sales rankings January 8, 2013 Fidelity Worldwide Investments has climbed to the top of the sales rankings in November figures out from the Investment Management Association. The asset manager’s head of retail funds, John Clougherty, said: “This reflects a lot of hard work by our distribution teams and is recognition of the breadth and depth of our equity and fixed [...]
Greece top of restructured debt league January 8, 2013 GREECE’S record-breaking $263bn (£163.8bn) debt restructuring was by the far the biggest deal of its kind in 2012, according to research released yesterday by Thomson Reuters. It massively distorted the market, doubling last year’s total industry-wide deal value to $422.6bn even though the actual number of such deals dropped from 774 to 430. The Tribune [...]
Roxi Petroleum nets $40m for drilling project in Kazakhstan January 8, 2013 KAZAKHSTAN-focused Roxi Petroleum has attracted $40m (£25m) in new investment from a Kazakhstan investor, a move which saw its share price nearly double. Kairat Alpamysovich Satylganov, a Kazakh businessman, will buy 355.2m new Roxi shares at 7p a share, marking a significant premium to the closing share price of 2.125p at the start of this [...]
UK Mail delivers soaring sales during online shopping rush January 8, 2013 PARCEL delivery company UK Mail Group said yesterday its trading in the third quarter exceeded its expectations, boosted by higher volumes during Christmas. UK Mail, the largest independent parcels, mail and logistics services company in the UK, said underlying revenue increased about eight per cent for the three-months to 31 December, after adjusting for an [...]
