Norwegian manufacturing down December 7, 2010 Weaker than expected Norwegian manufacturing production was recorded for October, Statistics Norway announced yesterday. Production fell by 0.3 per cent on September, yet remains 0.4 per cent higher than in August.
Wolseley is confident as profits rise December 7, 2010 WOLSELEY, the world’s largest plumbers and builders merchant, posted a 39 per cent rise in first-quarter trading profit, helped by top-line growth in all regions. The FTSE 100 company said underlying operating profit rose to £159m in the three months to end-October, with like-for-like revenue up four per cent to £3.47bn. “This is a business [...]
Southern Cross losses widen December 7, 2010 SOUTHERN Cross Healthcare, the British care homes operator in takeover talks, posted a wider full-year operating loss after cuts in government spending hit admissions and put pressure on fees. Chief executive Jamie Buchan said the group, which has 38,600 beds across 752 care homes, was being squeezed by spending constraints at local authorities and was [...]
Riley’s Daisy telecoms group hopes to reach profitability within two years December 7, 2010 TELECOMS firm Daisy Group yesterday said it hoped to break into profit by 2012 or 2013 despite reporting a first half loss of £9.8m, wider than the loss of £2.1m it booked last year. The group reported a four-fold increase in revenues to £120m but made losses because of its heavy acquisition and amortisation costs. [...]
England’s bloom down to Flower December 7, 2010 WHEN England inevitably win the Ashes, the likes of Andrew Strauss and Kevin Pietersen will take the plaudits, but the man who will really deserve huge congratulations is Andy Flower. The kind of consistent success that he has engineered does not happen by chance. The players may be executing it, and very well too, but [...]
CITY MOVES | WHO’S SWITCHING JOBS December 7, 2010 Aviva Investors Aviva Investors has appointed a new client portfolio manager for fixed income, Raphaelle Moysan (pictured). She will be responsible for liaising with potential clients with a focus on fixed income and absolute return. She will be based in London and report to Anne-Sophie Girault, while also working with the fixed income teams globally. [...]
We can’t defend, says Arshavin December 7, 2010 FOOTBALL: Arsenal forward Andrey Arshavin admits his side are incapable of defending ahead of tonight’s must-win Champions League clash at home to Partizan Belgrade. Arshavin said: “We struggle all the time in defence. We have to score more than we concede.”
Drogba relishing Marseille return December 7, 2010 FOOTBALL: Chelsea striker Didier Drogba says his return to former club Marseille will be “truly special”. Drogba left the club, who the Blues face in tonight’s Champions League clash, and said: “I am overwhelmed by so many emotions.”
Probe into club debts launched December 7, 2010 FOOTBALL: A British parliamentary inquiry will look into how football clubs are run amid concerns about high levels of debt. Committee chairman John Whittingdale says there is “concern that arrangements are not fit for purpose.”
AGL to buy natural gas player Nicor for $2.4bn December 7, 2010 AGL Resources, a major natural gas distributor in the US Southeast, said it will buy peer Nicor for about $2.4bn (£1.52bn) in cash and stock, nearly doubling its customers at a time of surging gas output in the country. Natural gas production has boomed in recent years, helped by new gas fields like the Marcellus [...]
