Dunelm’s first half results cheer February 25, 2010 British homewares retailer Dunelm yesterday reported a 69.3 per cent rise in first-half pre-tax profit, with Seymour Pierce saying the results came in well ahead of its expectations. Dunelm posted first-half profit before tax of £46.2m, compared to £27.3m for the same period last year, and also proposes a return of capital to shareholders of [...]
Profits plunge at Bodycote February 25, 2010 Engineering firm Bodycote reported a decline in full-year pre-tax profit warning that it expects a full recovery from the slump to take several years. Headline pre-tax profit fell to £3.7m for the year ended 31 December from £67.6m a year before. Revenue declined to £435.4m from £551.8m the year before.
Capita loses out on contracts February 25, 2010 Capita reported a sharp drop in contract wins in the past year, overshadowing the outsourcing company’s hopes for a strong 2010 once Britain’s forthcoming general election is out of the way. The contracts figures eclipsed a 17 per cent rise in underlying pre-tax profit last year to £325m, ahead of an average analyst consensus estimate [...]
Champions are dethroned by plucky Fulham February 25, 2010 SHAKHTAR DONETSK (1) v/s FULHAM (1) BRAVE Fulham held their nerve to clinch a famous victory over champions Shakhtar and set up a mouth-watering last 16 clash with Italian giants Juventus. Roy Hodgson’s men survived a wave of late attacks by the Ukrainians and even had to make do with 10 men after Danny Murphy [...]
London’s top shares tumble as oil and mining companies slip February 25, 2010 BRITAIN’S leading shares fell 1.2 per cent yesterday, sliding back in the afternoon in tandem with New York stocks, with miners and oils the main drag as commodity prices fell back pressured by a firmer US dollar. By the close, the FTSE 100 index was 64.69 points lower at 5,278.23, reversing again after Wednesday’s 0.5 [...]
Wall St rocked by weak labour data February 25, 2010 US stocks recovered most of their losses but ended lower yesterday after weak employment and durable goods data added to recent worries about the strength of the economic recovery. Trading started on a sour note, but rumors of a 4-for-1 stock split planned by Apple coincided with a late-day rebound in stocks. A spokesman said [...]
Fiscal tightening is a delicate matter February 25, 2010 TODAY we should get confirmation that Britain emerged from recession in the last quarter of 2009, when the expectation is that the previous figure will be revised higher. Not a single economist polled by Bloomberg thinks that fourth quarter GDP data will be revised lower – the majority see an upward revision to 0.2 per [...]
The Americans are coming to Battersea, and it’s no wonder February 25, 2010 WHEN do you know if an area is going up in the world? Normally an influx of luxury hotels and award-winning restaurants should be a good enough sign, but the arrival of the embassy of the world’s most powerful country might just trump those. The American Embassy may not be due to open in the [...]
BUYING February 25, 2010 Camilla Dell MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, I’m buying a property as an investment and want to split it up into three or four flats to rent out. What is the procedure and the order in which I need to do this? A.The first thing you need to consider is whether splitting the [...]
A £53M CHEQUE GETS YOU THINKING February 25, 2010 WITH The Capitalist taking a well earned holiday, this ancient scribe has been ruminating over a few whimsical anecdotes that he has come across over the past 47 years in the City of London. My first recollection while learning the merchant banking ropes at Philip Hill, Higginson, Erlangers was to be sent to collect a [...]
