Parmalat jumps after Lactalis takeover bid April 26, 2011 SHARES in Italian dairy group Parmalat jumped more than 16 per cent yesterday, after French rival Lactalis launched a €3.4bn (£3.02bn) takeover bid for the company. Lactalis plans to pay €2.6 per Parmalat share to create the world’s biggest dairy group, with estimated combined annual revenues of €14bn. The French company’s purchase of 29 per [...]
CHARLIE BICK IS COMEBACK KING AS X FACTOR DEFEAT OPENS DOORS April 26, 2011 THEY thought it was all over for the singing career of Charlie Bick, the son of Square1 Consulting’s chairman David Bick, who was voted off the Chilean version of the X Factor after just two live performances. Not for long however, as the next morning Charlie Bick – who this column first reported on on [...]
Coke misses expectations due to quake April 26, 2011 COCA-COLA’S quarterly profit missed Wall Street estimates yesterday, hurt by the Japan earthquake and the timing of marketing expenses. Coke, the world’s largest soft-drink company, said yesterday that net income rose to $1.9bn (£1.15bn), or 82 cents per share, in the first-quarter, from $1.61bn, or 69 cents per share, a year earlier. Earnings per share [...]
Ford posts highest first quarter profit since 1998 April 26, 2011 Ford reported its best first-quarter profit in 13 years, driven by strong sales in its home market and demand for more fuel-efficient vehicles. Ford also said yesterday that last month’s earthquake, which has hurt the supply chain in Japan, has had “minimal” impact on its business, and analysts said Ford may even stand to gain [...]
3M revenue up on emerging markets sales April 26, 2011 INDUSTRIAL and consumer goods conglomerate 3M reported higher-than-expected quarterly profit yesterday, helped by sales to emerging markets, and raised its full-year profit forecast. 3M posted net earnings of $1.08bn (£655m), or $1.49 per share, compared with $930m, or $1.29 per share a year earlier. Analysts on average expected profit of $1.44 per share. Sales rose [...]
Russian heli firm’s London IPO takes off April 26, 2011 KREMLIN-backed firm Russian Helicopters has set the price range for its $500m (£304m) joint Moscow and London share offering. The helicopter manufacturer, dominant amongst Russian counterparts, priced its shares and global depository receipts (GDRs) at between $19 and $25 per unit. The deal values the company at between $1.8bn and $2.4bn. Russian Helicopters will sell [...]
CITY VIEWS: HOW IS THE WEDDING AFFECTING THE UK ECONOMY? April 26, 2011 Save or Borrow peer to peer at RateSetter.com www.RateSetter.com Customer Phoneline: 08442490115 AL DRUMMOND | RSA “There are fewer people about but people plan and work from home. It’s not a big issue.” ALAN LARWARK | PRICE FORDS “The days off and the timing are bad for the economy. I’d cancel it if I could.” [...]
City salaries up 7pc despite a fall in bonuses April 26, 2011 BANKERS are receiving bigger pay increases than the rest of the UK despite being paid less in bonuses, new research yesterday showed. Bumper pay rises offset a fall in year-end bonuses last year, with salaries up an estimated seven per cent in 2010 – far outstripping the two per cent average wage growth across the [...]
Tory MP calls for tough new law on strikes April 26, 2011 A CONSERVATIVE MP yesterday proposed new legislation that would ban strikes by transport and emergency workers unless 50 per cent of unionised employees vote in favour of industrial action. Dominic Raab, MP for Esher & Walton, used the 10-minute rule procedure in the House of Commons to call for a change in the current law, [...]
Tesco Bank lags its parent supermarket brand April 26, 2011 WITH Tesco boss Phil Clarke saying that expanding its presence within the banking sector is one of his top priorities we’ve looked at BrandIndex data to make an assessment of the potential it has there. Tesco Bank itself does not fare especially well at the moment. On the index measure it is in 18th place [...]
