Faith shoe chain goes into administration as sale fails April 22, 2010 FOOTWEAR chain Faith has been placed into administration raising fears over the future of more than 1,700 jobs. Faith has been up for sale for a number of weeks, but administrators Mazars said they were called in after directors realised that a “solvent sale was not possible”. The sale of the 78-store chain, which employs [...]
ANALYST VIEWS: WILL WH SMITH’S COMEBACK LAST? April 22, 2010 KATE CALVERT | SHORE CAPITAL “We believe WH Smith’s valuation suffers from too much investor focus on the lack of top-line sales growth in its high street business. It overlooks. the group’s strong cash generation and how management is turning the group back into a growth story through its travel division.” KEITH BOWMAN | HARGREAVES [...]
Hobbs can end season on high with Lacdoudal April 22, 2010 PHILIP Hobbs has had a fantastic end to the jumps season and he can cap things off in perfect style by taking tomorrow’s Bet365 Gold Cup with LACDOUDAL. The 11-year-old grey won this race four years ago off a mark of 152 and finished third last year, beaten just 1 ¾ lengths off 140. He [...]
Winterflood loses appeal over FSA fine April 22, 2010 WINTERFLOOD Securities, one of the City’s most prominent market-making firms, yesterday lost its appeal case against £4.25m of market abuse fines levied on the firm and two of its traders two years ago by the Financial Services Authority (FSA). Winterflood, which is owned by Close Brothers, will stump up £4m, while traders Stephen Sotiriou and [...]
Author of Dead Aid signed up to join Barclays bank board April 22, 2010 DAMBISA Moyo, the Zambian-born economist who last year made headlines with the publication of a controversial book arguing the inefficacy of aid to Africa, has joined the board of Barclays as a non-executive director. Moyo made her name in the financial world, working for the World Bank’s Europe, Central Asia and Africa departments and then [...]
KPMG to up graduate intake as accountant sees market demand April 22, 2010 BIG four accounting giant KPMG has upped its UK graduate intake this year after the firm said the numbers reflected growing signs that market demand for accountancy services were on the rise. The accountant has increased the number of graduates it plans to recruit for the September intake to 820, marking a significant increase on [...]
the INSIDER April 22, 2010 Last weekend I ignored my No1 rule and paid the price. It is essential to make sure a stable is in form before backing any horse. You may miss a few big priced winners but overall, in my opinion, it is the best way to show a profit. Arcano ran like a horse that wasn’t [...]
Disappointing retail sales to hit GDP data April 22, 2010 RETAIL sales volumes only managed to grow 0.4 per cent last month, disappointing the market which had expected monthly growth of 0.6 per cent and dampening hopes of a strong first quarter GDP?growth figure today. In spite of an upward revision to February’s figure, retail sales volumes contracted by 1.7 per cent quarter-on-quarter in the [...]
Red Devils to pile the pressure on Chelsea April 22, 2010 MANCHESTER UNITED v/s TOTTENHAM HOTSPUR Saturday – 12.45pm, Sky Sports IF Sir Alex Ferguson goes on to make history by becoming the first ever manager to win four straight top flight titles, he will forever be indebted to Paul Scholes after his injury time header won the Manchester derby. It’s highly doubtful that he will [...]
Car production sees 90pc rise in March as confidence rises April 22, 2010 LENDING to British firms fell at a slower pace in February than January but still recorded the second biggest annual percentage drop since records began, figures from the Bank of England (BoE) showed yesterday. There was better news for the housing market, however, with mortgage approvals rising for the first time since November and lenders [...]
