Communisis exits Northern Ireland November 19, 2012 Leeds-based marketing firm Communisis said yesterday it expects a third straight year of “significant” growth, but said it was closing its office in Northern Ireland in a bid to save cash. It expects the restructuring to cost £1.5m, and for it to save £1.3m a year. The company, which was at the heart of mobile [...]
Majestic bucks bad weather to post profit rise November 19, 2012 MAJESTIC Wine yesterday shrugged off a summer of bad weather and economic uncertainty, as it posted a rise in first half revenue and profits. Chief executive Steve Lewis said the wash-out summer prompted organisers of fundraisers and sporting events to cancel or return wines while consumers took a raincheck on barbecues. “The test is always [...]
Total sells off Nigeria stake to Chinese firm November 19, 2012 OIL major Total yesterday agreed to sell a 20 per cent stake in a Nigerian offshore oil field to China’s Sinopec for £1.6bn. The deal will help the French oil group fund its ambitious exploration plans while giving China an additional foothold in overseas fuel production. Total has penned a deal to sell the stake [...]
Revenue up at Ruspetro thanks to an increase in oil production November 19, 2012 SIBERIAN-focused oil and gas explorer Ruspetro yesterday reported a 22 per cent jump in revenue, thanks to a ramp-up of production at its main asset. Revenue for the exploration and development group increased to $17.7m (£11.1m) in the third quarter of 2012, compared to $14.6m in the previous quarter, buoyed by an increase in oil [...]
Taylor wins a bigger role at Barclays’ investment bank November 19, 2012 BARCLAYS announced yesterday that Richard Taylor will be its new head of investment banking in Europe, Middle East & Africa (EMEA), filling a gap left by Tom King’s move to take on a global role in a shake-up last month. Taylor, formerly at Bank of America Merrill Lynch, is currently head of the investment banking [...]
Charity wants more prominence for givers in the UK honours list November 19, 2012 A CAMPAIGNING charity yesterday called for an urgent overhaul of the honours system to increase recognition of people who give money and time to good causes. Legacy10, which was founded by the financial public relations executive Roland Rudd, is calling for an end to the awarding of honours solely for “services to business”, and instead [...]
Areva plans for Scotland plant November 19, 2012 AREVA plans to locate its third European factory for producing offshore wind turbines in eastern Scotland, the French nuclear firm announced yesterday, in a boost for a UK industry hit recently by other firms putting energy plans on hold. Areva signed a memorandum of understanding with Scottish Enterprise, a public body of the Scottish government, [...]
AGA gets boost from British baking boom November 19, 2012 AGA Rangemaster chief executive William McGrath said yesterday he felt an “air of optimism for 2013” after the iconic cast iron cooker maker reported “encouraging” trends in its sales. Shares soared more than 10 per cent after McGrath said sales had continued to grow at the four per cent rate seen at the half-year, with [...]
Krispy Kreme raises outlook November 19, 2012 US-listed doughnut chain Krispy Kreme last night raised its profit outlook after a 6.9 per cent rise in quarterly earnings. The firm has expanded its offering to include coffee and other snacks in recent years to propel growth in spite of a growing market for healthy snacks. Krispy Kreme posted a quarterly profit of $5m, [...]
Aggreko wins Ivory Coast deal November 19, 2012 Temporary power supplier Aggreko has signed a contract worth around $75m (£47m) to supply 100MW of gas-fuelled power to the Ivory Coast, it said yesterday. The two-year contract, awarded by the Société des Energies de Côte d’Ivoire, will reinforce power supply in the African country before the construction of permanent power capacity. The contract follows [...]
