CINEWORLD SUFFERS IN 3D RELEASE DROUGHT June 29, 2011 Cineworld said trading for the year to date had been hit by a film schedule which had no major 3D releases. The operator said revenues for the 19 weeks to 12 May were down 8.9 per cent, while box office sales fell 7.8 per cent compared with last year. Films like Pirates of the Caribbean: [...]
HCL expects to write off profits June 29, 2011 HEALTHCARE Locums yesterday admitted that a “material amount” of profit over several years will be wiped out once a massive accounting probe is complete. New chairman Peter Sullivan, speaking ahead of the troubled firm’s AGM, said he was “struck by the extremely poor levels of corporate governance”.
Yell recruits tech whizz as UK chief June 29, 2011 TROUBLED Yellow Pages publisher Yell brought in a new UK chief executive yesterday to help it regain ground online after the virtual collapse of its print business. Richard Hanscott, former chief of IT firm NEC, will take up the newly-created post to run the UK operations with an online focus.
UK banks may never recover from crisis June 29, 2011 BRITAIN’S banks may never recover the global stature they held before the financial crisis, a global survey published today claims. Profits at UK-based banks last year were 58 per cent below the record takings they posted in 2007, according to The Banker magazine’s Top 1,000 World Banks ranking. Britain’s banks have struggled to compete against [...]
Shares in Global Ports close up 18pc following London IPO June 29, 2011 SHARES in Russian port operator Global Ports soared yesterday on its debut on the London Stock Exchange, following its successful $534m (£333m) initial public offering (IPO). The banks handling Global Ports’ IPO also exercised an over allotment option to buy shares in the company, pushing up the proceeds from the sale to $588m. The container [...]
Spain’s Bankia looks for €4.2bn in float to steady Eurozone fears June 29, 2011 SPANISH lender Bankia plans to raise up to €4.2bn (£3.8bn) in a steeply discounted initial public offering (IPO) that will be seen as a key test for Spain’s overhaul of its financial sector. Spain’s biggest savings bank, formed from seven savings banks or “cajas”, has set the price range for the flotation at €4.41 to €5.00 [...]
UK consumer confidence slumps again June 29, 2011 SQUEEZED household incomes prompted a sharp drop in consumer confidence in June, while appetite to take on debt remains weak according to separate data released by the Bank of England yesterday. After an uptick in morale from extra bank holidays in April and May, the GfK NOP consumer confidence index slipped back to -25, with [...]
Royal wedding blamed for tumble in services output June 29, 2011 WARM weather and the royal wedding bank holiday knocked service sector output in April, the Office for National Statistics (ONS) said yesterday. Output from the UK’s largest sector plummeted by 1.2 per cent compared to March, the sharpest monthly fall since early in 2010, when heavy snow disrupted activity. April’s one-off events are likely to [...]
Increase in upper end pay deals June 29, 2011 Upper end pay deals are becoming more generous according to figures released today by Incomes Data Services. Pay settlements in the top quartile rose to 3.2 per cent in the three months to May, up from three per cent in the previous period. Across the economy as a whole, median pay settlements remain at 2.5 [...]
Credit cards deals are rising June 29, 2011 The number of credit cards offering an interest-free period of 13 months or more has rocketed by 162 per cent in the last two years, the website Moneyfacts revealed yesterday. “Competition has returned to the credit card market in the last year,” said Moneyfacts’ Michelle Slade. “Card providers are going head to head in order [...]
