ANALYST VIEWS: WHAT DID YOU MAKE OF CENTRICA’S RESULTS? February 25, 2010 JONATHAN JACKSON | KILLIK CAPITAL Centrica was slightly ahead of market expectations. Earnings per share were maintained at 21.7p as a strong performance at British Gas Residential and a lower tax bill helped offset weaker wholesale gas prices and lower production. The outlook for 2010 is positive. LAKIS ATHANASIOU | EVOLUTION SECURITIES Solid set of [...]
CIBC and National Bank of Canada deliver stronger than expected growth February 25, 2010 TWO of Canada’s big banks kicked off earnings season with stronger-than-expected growth in profits yesterday, setting the stage for a rise in bank shares and upping the ante for rivals’ profits next week. Canadian Imperial Bank of Commerce said profit more than quadrupled in the first quarter, helped by volume growth in its retail markets [...]
EADS secures Airbus rescue February 25, 2010 EUROPEAN nations agreed yesterday to pump in €3.5bn (£3.1bn) to save the delayed Airbus A400M airlifter, but left key details unresolved after more last-minute haggling over loans and jobs. Technical problems have pushed the troop plane four years behind schedule and €11.2bn over budget, threatening 10,000 jobs. After savings and writedowns, Airbus parent EADS still [...]
Prior shows his mettle to lead England to victory February 25, 2010 HALF-CENTURIES from captain Alastair Cook and Matt Prior helped England to a second warm-up victory over a Bangladesh Cricket Board XI in Fatullah. Opener Cook retired on 52, while Prior, who left wicketkeeping duties to new sensation Craig Kieswetter, added a fine 64no off 57 balls as the tourists cruised to a seven-wicket success. But [...]
Iberia bets on BA merger as it reveals record losses February 25, 2010 SPANISH airline Iberia posted a record operating loss yesterday, hit by declining air travel and underscoring challenges facing the industry as the airline seeks shelter in a merger with British Airways. “This market has changed for good. Traditional airlines as we know them will disappear, but we’re not crying here,” Iberia chairman Antonio Vazquez said. [...]
Djokovic safely through but more seeds fall February 25, 2010 SERB Novak Djokovic is the only player in the world’s top 10 remaining in the Dubai Championship after more big-name casualties crashed out yesterday. The world No2 came from a set down to beat unseeded Ivan Lubicic 2-6, 6-4, 6-0 to reach the semi-finals. He will be joined in the last four by world No31 [...]
SPORT | IN BRIEF February 25, 2010 Little rest for the Little Master CRICKET: India’s Sachin Tendulkar has been rewarded for becoming the first-ever batsman to score 200 runs in a one-day innings on Wednesday by being handed a well-earned rest for tomorrow’s third ODI against South Africa in Jaipur. Tendulkar, 36, is rested along with fellow opening batsman Virender Sehwag as [...]
Centrica is confident on the future February 25, 2010 CENTRICA, the UK’s largest energy supplier, recorded a seven per cent drop in profit for 2009 due to lower wholesale gas and power prices. However, sales were up five per cent to £21.96bn and the supplier expects wholesale gas prices to rise again in 2010, although this is expected to be below levels seen in [...]
GKN sees its profits halve February 25, 2010 Automotive and aerospace engineer GKN said full-year trading profit halved but the outlook for its major markets is mainly positive. Trading profit fell to £152m for the year ended 31 December 2009 from £221m the year before. Sales for the period were down three per cent at £4.2bn.
In-form Toffees come unstuck in Portugal February 25, 2010 SPORTING LISBON (3) v/s EVERTON (0) EVERTON’S recent revival, and their European adventure, were brought to an abrupt halt after they were well beaten in Portugal. The Toffees took a 2-1 lead into the second leg and, in the face of bombardment, managed to keep it that way until after the hour mark. But in [...]
