Adecco confident as firms hire again March 3, 2010 ADECCO yesterday said it had gained confidence that the staffing industry will recover despite experiencing an “exceptionally tough” 2009. The Swiss-based group reported a pick up in demand for workers during the latter quarter of 2009 and the first two months of 2010, with North America and France reporting the biggest improvement. “I am pleased [...]
BEST OF THE BROKERS March 3, 2010 BP Nomura rates BP “buy” after the oil group’s recent annual strategy review. The bank said that although BP has not sought to radically shift its agenda, the strategy provides a basis for continued delivery of superior profitability against its sector peers. SCHRODERS Evolution reiterates its “neutral” rating on Schroders ahead of today’s full-year results. [...]
NYSE Euronext eyes derivatives March 3, 2010 THE chief executive of NYSE Euronext yesterday said he is focusing his attention on the exchange operator’s derivatives business in a sign the company sees it as the key driver of revenue growth in coming years. Duncan Niederauer has long said the company’s success hinged on derivatives trading and clearing in Europe and the US, [...]
Restaurant Group serves up profit rise March 3, 2010 RESTAURANT Group – which owns the Garfunkel’s and Chiquitos chains – saw a slim rise in profit last year. Revenues were up five per cent to £436m while pre-tax profits rose two per cent to a higher-than-expected £50m, the company said yesterday. The company has weathered the recession without the massive discounting seen by some [...]
England chiefs stand their ground in Haskell tug of war March 3, 2010 THE Rugby Football Union have dug their heels in over the James Haskell club-versus-country affair, reiterating the flanker will not be released to play for Stade Francais this weekend. Stade ignited the row after demanding that Haskell returns to Paris for their Top 14 clash with rivals Toulouse as England are not in Six Nations [...]
Morgan’s form rewarded with incremental contract March 3, 2010 EOIN MORGAN has been rewarded for his England heroics by being awarded an incremental contract for the remainder of the season. The Dublin-born left-hander smashed a magnificent unbeaten 110 to help England to a series-clinching victory over Bangladesh in Dhaka on Tuesday. Morgan qualifies for a current deal having played six one-day internationals and four [...]
Sportingbet bullish for 2010 in spite of February weakness March 3, 2010 ONLINE gaming firm Sportingbet said February margins had been hit by football results going against it but was confident for the year after posting a seven per cent rise in second quarter profit. The British firm, which gets almost 90 per cent of its bets from Europe, said yesterday its second quarter to 31 January [...]
Adidas looks to World Cup to boost sales as income plunges March 3, 2010 ADIDAS is counting on the World Cup and the revival of its Reebok brand to return to growth this year after posting a weak finish to 2009. The German sportswear company suffered a 64 per cent drop in net income in the last three months of 2009 from a year earlier. The company said yesterday [...]
CITY VIEWS: ARE YOU AND YOUR FRIENDS STARTING TO EAT OUT MORE? March 3, 2010 NADEEM HUMDANI | JP MORGAN “I am more keen to go out to higher priced restaurants than I was six to seven months ago ?– the medium priced ones I kept going to anyway. The City is buoyant but not as flush as it was pre-2008 levels. The banker bonus period is back which means [...]
ITV in profit as worst over March 3, 2010 ITV bosses were straight-faced yesterday despite the beleaguered station swinging back to profit last year. It crept back into the black with a £25m profit, reversing a bumper £2.7bn loss in 2008. But new chairman Archie Norman says the figures should not be measured against last year, which was spectacularly bad for the entire industry. [...]
