Karstadt to extend deadline for offers May 27, 2010 A DECISION about the future of insolvent German department store chain Karstadt could take longer than expected due to a lack of suitable offers, the insolvency administration said yesterday. “The creditors committee so far has not seen an offer that is ready for a decision,” a spokesman for insolvency administrator Klaus Hubert Goerg said. This [...]
Sarah Burton is named as Alexander McQueen’s successor as creative head May 27, 2010 THE fashion house Alexander McQueen has appointed in-house designer Sarah Burton to succeed its eponymous founder and star designer, who committed suicide in February. Yesterday’s move ends months of speculation about the future artistic direction of the fashion company whose sales have boomed since the designer’s death. When Alexander McQueen’s final collection, inspired by painting’s [...]
BEST OF THE BROKERS May 27, 2010 SIGNET JEWELERS Standard & Poor’s (S&P) Equity Research has downgraded its rating on Signet Jewelers from “strong buy” to “hold” and said the jeweler continues to shine but there are few short-term catalysts. S&P said that for the shares to move higher, new store roll-outs or a resumption of shareholder payouts would be needed. DOMINO’S [...]
PayPoint sees its profits decline May 27, 2010 Payment services provider PayPoint said yesterday that profit in 2010 declined 5.7 per cent but current trading is in line with company forecasts for this financial year. The group, which bought payments by mobile phone company PayByPhone in March, said pre-tax profit declined to £32.6m in the year ended 28 March 2010 from £34.6m the [...]
Alliance Pharma trumps hopes May 27, 2010 Alliance Pharma said yesterday trading in the first four months of the year beat its expectations and was significantly ahead of 2009, adding that it views the rest of 2010 with confidence. In a statement ahead of the annual shareholders meeting the speciality pharmaceutical company, said turnover for the four months ended 30 April rose [...]
London & Stamford still cautious May 27, 2010 Property investment firm London & Stamford yesterday said it was “increasingly cautious” about putting money into the market. It warned property prices were rising too fast given the weak rate of rental growth. The firm’s net asset value per share rose 17.4 per cent to 120.1p in the year to the end of March. Profits [...]
How Apple became the king of technology May 27, 2010 APPLE’S journey back from the abyss is the stuff of legend, a truly American tale of ingenuity and success in the face of adversity. Now it has overtaken Microsoft as the US’s second largest company in terms of market capitalisation, its place in history is assured. The recovery can be credited to one man: Steve [...]
Why M Vuitton, you’ve grown… May 27, 2010 SPORTING blazingly obvious brand logos is outlawed in the discerning fashionista’s rulebook. And yet the power of the iconic LV monogram has always managed to prove an exception to this rule, and today reaches it a crescendo as the flagship Louis Vuitton “maison” opens on New Bond Street, following a week of glorious publicity and [...]
From exotic bling to English rose May 27, 2010 WITH tables made of moss, fireside hearths, old washing machines and even an outdoor pizza oven, this year’s Chelsea Flower Show excels in bringing the living room into the garden. Ultra-modern log piles and clean-cut stone seem to be all the rage, but upon first entry many visitors will head for the pavilion. Highlights of [...]
Lions can slay Robins to win vital promotion May 27, 2010 MILLWALL vs SWINDON TOMORROW – 3.00PM SKY SPORTS 2 HAVING seen Norwich and Leeds go up, Millwall and Swindon lock horns tomorrow in the quest to join them in the Championship. The Lions are 4/7 favourites to clinch promotion with Swindon 5/4 to inflict more Wembley misery on the Londoners who lost 3-2 to Scunthorpe [...]
