Hyundai bullish as sales surge January 27, 2011 HYUNDAI Motors reported a record quarterly profit yesterday, with a 48 per cent jump in October to December net profit to 1.4 trillion won (£814.7m). The record profit and upbeat forecasts show the automaker may succeed in fending off rising competition by focusing on new cars, newer markets and its brand image. Hyundai’s runaway sales [...]
Upbeat outlook from Canon January 27, 2011 CANON forecast its operating profit would rise by one-fifth this year as the Japanese camera and copier giant outperformed rivals on sales of its EOS and IXY digital cameras and cost cuts. The world’s largest maker of digital cameras expects 470bn yen (£3.58bn) in operating profit for the year that ends in December, against the [...]
CITY MOVES | WHO’S SWITCHING JOBS January 27, 2011 Shire Global speciality biopharmaceutical company Shire has hired Emmanuel Chantelot, former executive director of the European Biopharmaceutical Enterprises (EBE), as director of European government relations and public policy. Chantelot brings 18 years of experience in policy advocacy, strategic communications and business interest representation towards the EU Institutions, global agencies and national governments. JP Morgan John [...]
BEST OF THE BROKERS January 27, 2011 ROLLS-ROYCE UBS rates the engineering giant “sell” with a 12-month target price of 500p. The broker has cut its earnings per share estimates by five per cent for the year due to expected low delivery of new planes. HISCOX Goldman Sachs rates the insurer “sell” with a target price of 380p. The broker has cut [...]
Keeping the entrepreneurial spirit January 27, 2011 COFFEE Republic is back. It may have faded away for a few years, but it has returned with vengeance. And Sahar Hashemi, the woman originally behind the brand, is back too, but not with Coffee Republic. Hashemi sold the company in 2001 to write the bestselling book Anyone Can Do It to encourage other people [...]
Five ways to prepare yourself for the Bribery Act January 27, 2011 THE Bribery Act comes into force in April. And it has been causing a stir: while it is replacing the outdated law we currently have, it has been criticised by small and medium-sized businesses (SME) for creating extra layers of bureaucracy and leaving directors potentially liable for the actions of suppliers and service providers – [...]
Priced out by foreigners, bankers are on the move January 27, 2011 BONUS season is in full swing and – despite the dire economic figures released earlier this week – there is likely to be no shortage of cash being splashed in the next few months. Recent figures from Savills show that bankers are due to spend £1bn on homes this year. But whereas in the old [...]
COLCHESTER January 27, 2011 SHEEPEN STREET Price: £86,995 Compact but thoughtfully decorated, this one bedroom apartment proves that good things come in small packages. A spacious open-plan kitchen/living room provides the perfect place to entertain at home, while the property’s central location means that all the amenities of the town centre are only a short walk away. Contact: Spicer [...]
BUYING January 27, 2011 DIRECTOR OF CENTRAL LONDON LETTINGS FIRM DRAKER LETTINGS Q.I have recently purchased a flat in Chelsea as a buy-to-let that I will be refurbishing. How do I get the best price and attract the best tenant without breaking the bank? A.I would always advise ensuring that the basic quality of finish is as high a [...]
PROPERTY NEWS January 27, 2011 HOME MOVERS DESERT CITIES The rising cost of living is pushing city dwellers into suburbia and beyond, according to a house-moving website. Figures published by reallymoving.com show that significantly more people moved away from UK cities than moved to them in the last quarter of 2010. Canterbury and Cardiff were among the most popular areas [...]
