WILL THE NEW WESTFIELD CENTRE ENCOURAGE YOU TO SHOP IN EAST LONDON? September 14, 2011 KIM WAKE | ETHOS COMMUNICATIONS “Yes I think so. It’s only a short trip from London and colleagues who have already been have told me it’s really impressive. I think it can be a real asset for London and really expand on what’s already on offer here.” JAMES MILNE | LLOYDS “It’s completely out of [...]
Next upbeat on 2012 while earnings rise September 14, 2011 NEXT yesterday said there was a chink of light amid the retail gloom as it forecast a pick-up in sales in 2012. The retailer said there had been a “perfect storm” in 2011 with customers squeezed by surging energy bills, the slowdown in government spending and a hike in VAT. However, pre-tax profits for the [...]
Directory arm saves the day September 14, 2011 HOW does Next do it? As a mid-market retailer with a presence in most town centres, you’d expect it to be suffering from the gloom on the high street, not bucking it. It is Next’s catalogue and internet business, Next Directory, that has proved the firm’s saviour, providing exposure to both the surge in online [...]
Gulf Keystone to seek main market listing September 14, 2011 GULF Keystone Petroleum, the Kurdistan-focused oil explorer listed on the alternative investment market, said yesterday it is targeting a move up to the main listing in the first half of next year. “As at 12 September 2011, the company had a market capitalisation of £1.2bn which would place it comfortably in the higher echelons of [...]
Rockhopper set to invest £1.3bn in Falklands plan September 14, 2011 BRITISH oil group Rockhopper Exploration has unveiled plans for a $2bn (£1.3bn) investment in the Falkland Islands, a move which will transform the remote territory into a new oil province. The emergence of the British-governed territory as an oil producer will likely stoke tensions with Argentina, which 30 years ago fought a war against Britain [...]
UK energy firm Hargreaves in 18pc profit rise September 14, 2011 BRITISH energy support services firm Hargreaves Services posted an 18 per cent rise in full-year pre-tax profit yesterday, bolstered by robust coke and coal sales in Europe, and said it expects strong demand for high-grade coal from steel producers. The supplier of solid fuels and bulk material logistics said it would pay a final dividend [...]
RSM Tenon in share fall as dividend cut September 14, 2011 ACCOUNTANCY firm RSM Tenon saw its share price dented yesterday after announcing that it would slash its annual dividend. The company said the move was “prudent” in a tough trading environment, while also reporting a rise in profits. Pre-tax profits increased to £27.1m in the 12 months to 31 June, compared to £24.1m during the [...]
Mirrlees means it’s game over for 50p tax rate September 14, 2011 THE debate about the 50p tax swirls on, but there is only one question that really matters: does it work? Does it actually raise any money for the Treasury, that is? Opinion polls show that the public only supports the tax on the grounds that it raises money; if it doesn’t, then the majority are [...]
Pepsi shakes up drinks unit in bid to boost its business September 14, 2011 PEPSI announced a shake-up of its beverages unit yesterday, appointing a new head to try to turn around the business, which has lagged behind Coca-Cola in North America. Pepsi named Albert Carey, a 30-year PepsiCo veteran who most recently ran its Frito-Lay North America unit, to be chief executive of PepsiCo Americas Beverages, effective immediately. [...]
Allergan confident on Botox September 14, 2011 Allergan, the global pharmaceutical company that makes Botox and breast implants, has forecast nearly £1bn in Botox sales this year, and said the company continues to be robust in the US despite a sluggish economy. Botox, most commonly used to smooth wrinkles, has recently acquired US approval to treat migraine headaches and overactive bladders, positioning [...]
