Omega Pharma forecasts profits will equal last year April 14, 2011 BELGIAN health products distributor Omega Pharma yesterday forecast improvements in Russia and southern Europe in the second-half of 2011 and a profit margin this year at least as high as in 2010. The company, which sells non-prescription products such as wart treatment or sun tan lotion to pharmacists, said yesterday it reiterated its outlook, but [...]
WHITE IPHONE COULD BE ON SALE IN WEEKS April 14, 2011 APPLE is set to launch its much-delayed white iPhone 4, pictured above with Apple boss Steve Jobs, in two weeks time, according to reports, which say the phone could be available on US networks by the end of the month. The launch was delayed last June, when Apple said: “White models of Apple’s new iPhone [...]
Earnings down at Dori Media April 14, 2011 Dori Media Group yesterday posted an operating loss of $3.2m (£1.96m) for the year ending December, down from a $1.6m profit last year. Group revenues fell to $47m from $48.7m in 2009, whilst gross profits dropped to $11.4m from $15.4m. President and finance chief of the company Nadav Palti said that the firm remained confident [...]
Aeon posts revenue increase April 14, 2011 Japanese retail group Aeon yesterday forecast a 1.5 per cent increase in operating profit for the financial year, and said the effect of a post-quake decline in discretionary consumer spending would likely be offset by demand for basic goods. Despite a seven per cent fall in its share price following the events of the 11 [...]
Shaft Sinkers profits rise 34pc April 14, 2011 Pre-tax profits at South African underground construction group Shaft Sinkers Holdings rose by 34 per cent to £16.7m from £12.5m for the year to December. Having raised around £30.6m from listing on the London Stock Exchange on 23 December, revenue for the group was up 24 per cent to £183.1m from £147.9m. Basic earnings per [...]
CITY MOVES | WHO’S SWITCHING JOBS April 14, 2011 Lloyds TSB Commercial Finance Andrew Gaunt has been promoted to associate director of Lloyds TSB commercial finance’s business development team in the North East and Yorkshire. Gaunt moves from the lender’s large and major corporates team in the region, where he has spent the last five years as client manager, looking after a combined review [...]
BEST OF THE BROKERS April 14, 2011 ASOS JP Morgan rates the online retailer “neutral” but has raised its target price from £13.20 to £19. The broker was pleasantly surprised by ASOS’s sale growth in the last three months of the financial year, which more than offset extra investment in promotional offers. JP Morgan thinks the rise in expenditure is already paying [...]
FTSE falls with investors still cautious ahead of US results April 14, 2011 BRITAIN’S top share index fell yesterday, led by Reckitt Benckiser after the company said its chief executive was retiring, and with banks weaker on renewed worries about sovereign debt levels. The FTSE 100 fell 46.64 points, or 0.8 per cent, to 5,963.80, its lowest close since 31 March. The index is up 1.1 per cent [...]
Defensive sectors support US market April 14, 2011 STOCKS that outperform in a weak economy helped buoy the Dow and S&P 500 yesterday as concerns about faltering growth and inflation prompted investors to seek out less volatile names. Energy shares also rallied as US crude gained more than one per cent. The S&P 500 fell almost one per cent early but found support [...]
High time for creating rooms fit for Royalty April 14, 2011 THE Royal Wedding is just two weeks away. Come on, be honest, you are kind of interested and a bit curious. The truth is that there is something fascinating about the lives of the English aristocracy. Perhaps it is the Jane Austen we read as teenagers or the English heritage sites we were dragged round [...]
