Olympic legacy will be a boon for WS Atkins September 26, 2012 ENGINEERING group WS Atkins hopes its work transforming the Olympic Games sites will keep it on track for growth – though its own legacy business in the United States continues to weigh on earnings. FTSE 250-listed Atkins, which helped build the Olympic Park at Stratford, said yesterday it has started work on legacy infrastructure following [...]
Shanks forced to issue a profit warning as key markets slow September 26, 2012 SHARES in waste management firm Shanks Group sank more than 12 per cent to close down at 79p yesterday, after it issued a profit warning. Shanks said that its UK and Dutch solid waste markets had “deteriorated significantly”, prompting the board to warn that full-year profit would miss analysts’ expectations. The solid waste business, which [...]
Homeserve says overhaul is on track as customer numbers fall September 26, 2012 TROUBLED property repairs group HomeServe said yesterday customer complaints have fallen in recent months, as its overhaul, prompted by the Financial Services Authority (FSA) starts to pay off. The firm, whose shares fell by half after financial watchdog, the FSA, started a policy mis-selling probe, said customer numbers fell from 3m to 2.5m in the [...]
Canary Wharf office tower up for sale September 26, 2012 FIFTEEN Westferry Circus, the Canary Wharf offices leased by Morgan Stanley, has been put up for sale after it fell into receivership earlier this year. Savills has been instructed to sell the offices for more than £129.5m – a net initial yield of six per cent. The property went into receivership after a default on [...]
Inflation all the rage at Bank’s charity auction September 26, 2012 INFLATION – when each pound buys you less – is generally deemed a bad thing, particularly if you’re the Bank of England tasked with keeping it at just two per cent. But at last night’s charity auction of Bank of England banknotes with low serial numbers, inflation was all the rage. The higher the better [...]
City of London School raises £64k for Great Ormond Street September 26, 2012 GREAT Ormond Street Hospital Children’s Charity was yesterday the worthy recipient of a £64,000 cheque from the City of London School. While the pupils from the school are no strangers to fundraising, this is the largest amount they have ever raised for any charity. And it wasn’t won easily. One challenge was a staggering 48-hour [...]
Growth hopes boosted by raft of upbeat data September 26, 2012 THE PROSPECTS for growth over the third quarter were boosted yesterday, as insolvencies declined, while retail sales edged up. High street sales volumes grew in September, the Confederation of British Industry (CBI) said in its distributive trades survey yesterday. Thirty-three per cent of respondents said their sales volumes had grown, compared to 27 per cent [...]
Bank survey says borrowers face looser credit conditions September 26, 2012 CREDIT conditions loosened up in the third quarter of the year, according to a survey from the Bank of England released yesterday. The availability of secured credit to households increased significantly in the three months to September, lenders told the Bank of England – in fact it was the largest reported increase in credit availability [...]
US home sales slip lower in August despite upward trend September 26, 2012 US NEW home sales slipped slightly in August, data revealed yesterday, but not enough to dent the strong recovery. Sales of new single-family homes were 373,000 in August, on the headline adjusted measure, down 0.3 per cent on the revised July figure. Despite this monthly slip, sales were still some 81,000 – or 27.7 per [...]
FPC official: rules debate is based on lies September 26, 2012 BANK lobbyists have created a false debate around industry regulation, peddling fallacies to pressure the authorities into letting them off lightly, the Bank of England’s Robert Jenkins claimed in a speech published yesterday. “The banking lobby would have us believe higher capital requirements and lower leverage will damage economic growth and retard the recovery,” the [...]
