PERFUMIER SAYS GROWTH STILL BLOSSOMING October 11, 2011 Swiss fragrance and flavour maker Givaudan, which makes fragrances for Dior and Prada, stuck to its mid-term goals despite its nine-month sales missing forecasts, saying some higher raw material costs could be passed on to customers.
Fitness First mulls £630m Asia sell-off October 11, 2011 THE PRIVATE equity owners of Fitness First are considering offloading their lucrative Asian and Australian arms through a flotation or a sale for more than A$1bn (£638m). BC Partners, which last week pulled an initial public offering for the gym chain’s Singapore business, is said to have received takeover approaches already. It has not ruled [...]
Profits taste sweet for Candy & Candy October 11, 2011 PROPERTY developer brothers Christian and Nick Candy celebrated a return to profit for their interior design company yesterday after it lost £4.4m in 2010. Candy & Candy reported a £1.1m pre-tax profit in the year to June 2011 after completing its flagship project designing the interiors of the opulent One Hyde Park development in Knightsbridge. [...]
Takeover row deepens as Moulton attacks Clarity October 11, 2011 JON Moulton’s investment vehicle has accused Clarity Commerce of lacking credibility with customers, after the software firm rubbished its £9.7m takeover offer. Enigmatic Investments, controlled by Moulton’s (pictured) buyout company Better Capital, defended its bid and highlighted the £1.6m loss from continuing operations which Clarity posted for the year to 31 March. “Enigmatic Investments has [...]
Rockhopper’s Falklands well comes up dry October 11, 2011 FALKLANDS oil explorer Rockhopper said the latest well in its controversial drilling campaign in the south Atlantic islands has come up dry. However, the firm’s shares closed over 12 per cent higher as the drilling at the Sea Lion field suggested oil reserves 20 per cent bigger than first thought, with a mid-case estimate of [...]
BAA cautious as traffic jumps but freight stalls October 11, 2011 AIRPORT owner BAA’s passenger traffic rose one per cent in September compared to last year, the firm said yesterday. But a 3.7 per cent drop in freight tonnage carried through its airports meant the firm is cautious about its growth prospects in the medium term. At Heathrow, the number of passengers on domestic flights tumbled [...]
Fresh investment for UK industry October 11, 2011 An investment of more than £170m aimed at boosting the UK’s industrial and manufacturing sectors was unveiled by the government yesterday. Business secretary Vince Cable said £140m will be spent on bringing together seven research facilities over six years, with the rest being spent on funding new products using biosciences, nanotechnology and low-carbon vehicles.
Zambeef will meet full year target October 11, 2011 Agricultural firm Zambeef has said it expects to meet market expectations in its first full year results since listing on AIM. The firm said trading conditions over the financial year had continued to improve, with demand for all product lines increasing. This had been driven largely by the continued expansion of the Zambian economy, which [...]
Rolls-Royce wins US Navy contract October 11, 2011 Rolls-Royce, the global power systems company, has been awarded a $99.9m MissionCare contract by the US Department of Defense Naval Air Systems Command at Patuxent River to provide support for the F405 (Adour) engines that power the US Navy’s T-45 training aircraft.
Chamberlin on track for 2011 October 11, 2011 Castings and engineering group Chamberlin said trading in the first half of the financial year has been in line with management forecasts. The group, which makes metal products such as door handles and steering wheel components, said order flow across core foundry activities was on track, and demand has continued to strengthen.
