CITY VIEWS: WHERE DO YOU THINK HOUSE PRICES WILL GO IN THE NEXT FEW MONTHS? November 4, 2010 SUNIL KESUR | SELF-EMPLOYED TRADER “I’d estimate house prices will rise. Personally, I think a double dip isn’t going to happen, contrary to what a lot of people say. House prices have always been the first to bounce back, even if they might have to go down in the near term.” KEITH ABERCROMBY | LV [...]
Broughton lying low at chelsea matches November 4, 2010 MARTIN Broughton, the Liverpool FC chairman who brokered the deal to sell the troubled club to the owners of the Boston Red Sox last month, was back where he feels most comfortable this week. Broughton was spotted walking out of Stamford Bridge after watching his beloved Chelsea beat Spartak Moscow. But Broughton, who will ease [...]
Car sales down in October with weakness ahead, industry warns November 4, 2010 October showed more weakness in UK auto sales, an industry group said yesterday. Total UK automotive sales fell 22.2 per cent in October, to just over 131,000 units, according to the Society of Motor Manufacturers and Traders (SMMT), with further decline likely in the next few months. Despite the declines, total car sales year-to-date are [...]
A380’s forced landing hurts Rolls-Royce November 4, 2010 SHARES in Rolls-Royce, the aircraft engine maker and European Aeronautic Defence and Space (EADS), the parent company of Airbus fell sharply yesterday after Qantas grounded its entire fleet of A380s after an engine failure forced one of its aircraft into an emergency landing in Singapore. Qantas grounded the aircraft immediately after the superjumbo carrying 459 [...]
Meggitt returns to profit despite fall in military orders November 4, 2010 AEROPLANE parts supplier Meggitt said in a third quarter update it had returned to sales growth, driven by a strong performance from its civil aerospace arm, and stronger order volumes. Meggitt, which supplies products such as flight displays and wheels to aircraft manufacturers such as Airbus and Boeing said revenues grew one per cent year-on-year [...]
East Coast Rail returns to profit and repays government early November 4, 2010 DIRECTLY Operated Railways (DOR) reported profit of £1.2m yesterday as a result of a three per cent increase in passenger numbers, but chief executive and chairman Elaine Holt warned more work was required before the operator was fit to be returned to private hands in 2012. The company, created by the government in July last [...]
Morrison sluggish as hard times bite November 4, 2010 WM MORRISON supermarkets said yesterday it expected shoppers to remain under pressure into the second half of next year, as it met forecasts with a 1.3 per cent rise in third-quarter underlying sales. However, the fourth-biggest grocer played down fears of a surge in food prices, saying it did not see big inflationary pressures and [...]
Wetherspoon gives upbeat view for new year as investments pay off November 4, 2010 JD Wetherspoon said it will make a profit this year, thanks to strong sales and investments in new and existing pubs. The pub chain, which has almost 800 pubs in Britain, reported a rise in profit before tax of 7.3 per cent to £71m, with total sales of nearly £1bn. Wetherspoon is making significant investment [...]
Unilever sees sales rise despite tough market conditions November 4, 2010 UNILEVER saw its underlying sales rise by 3.6 per cent in the third quarter – but warned it could raise prices because of rising commodity costs. The Anglo-Dutch consumer giant, whose products include Knorr Soups and Dove soap, was upbeat about the company’s prospects despite consumers tightening their belts. After the announcement yesterday shares in [...]
Figures sweeter for Tate & Lyle November 4, 2010 Tate & Lyle yesterday beat forecasts with a 21 per cent rise in half-year profit and said it was confident for the full-year. The sweeteners firm posted adjusted pre-tax profit of £136m for the six months to the end of September. Chief executive Javed Ahmed said: “In addition to good operational performance and steady demand [...]
