Aveva enjoying strong demand July 7, 2011 IT firm Aveva said demand for its software from shipbuilders, developers of power plants and oil and gas facilities in fast-growing countries in Asia and South America was continuing to offset tougher trading conditions in North America and parts of Europe. The firm said yesterday it had seen further growth in revenue, order backlog and [...]
Military cost cuts aid Babcock July 7, 2011 Defence services group Babcock said it had traded well in its first quarter, helped by continued outsourcing activity from military customers eager to cut costs, and said it was considering selling some of its US defence operations. Babcock, which maintains Royal Navy submarines, yesterday said it sees significant opportunities for growth both in the UK [...]
Virgin Atlantic holds off strike July 7, 2011 Virgin Atlantic has talked its way out of a summer pilots’ strike after discussions with union Balpa. Virgin said: “We can confirm that negotiations are now concluded and Balpa will present a pay offer to its members over the coming weeks. The threat of strike action has now been removed and our flying schedule remains [...]
CITY MOVES | WHO’S SWITCHING JOBS July 7, 2011 Pensions First PensionsFirst Group has appointed David Norgrove, who was chairman of The Pensions Regulator from January 2005 until December 2010, as chairman. Norgrove is currently chairman of the Low Pay Commission and the Family Justice Review Panel and deputy chairman of the British Museum. Prior to this, he spent 16 years with Marks & [...]
BEST OF THE BROKERS July 7, 2011 NEXT Morgan Stanley rates the fashion retailer as “overweight” with a new 2,930p target price, which implies a 25 per cent upside. The broker said that Next’s brand and customer proposition continued to resonate strongly with UK consumers. It believes the retailer will continue to generate strong cash flows for the foreseeable future and expects [...]
Commodity shares lift FTSE on sunny US and China stats July 7, 2011 COMMODITY stocks led the FTSE 100 sharply higher yesterday, as US jobs data boosted confidence that the world’s biggest economy was showing signs of picking up heading into second-half. Integrated oils rose along with crude oil as reports showed US private employers stepped up hiring in June and the number of Americans filing for jobless [...]
Stocks boosted by retail and jobs data July 7, 2011 US STOCKS closely sharply higher and the Nasdaq notched an eighth day of gains yesterday as improved labour market and retail sales data raised optimism before today’s critical June payrolls report. Equities have been on a tear recently as improving economic data and a potential resolution to Greece’s fiscal issues paved over fears of slowing [...]
Where country piles come grand …and affordable July 7, 2011 A 40-bedroom castle, supposedly haunted as well as being a 2005 location for Doctor Who, is on the market for £1.5m. Sure, there may be ghosts roaming its hallowed halls, but by any standard, Craig y Nos Castle, in the Upper Swansea Valley, is going for a song. To anyone used to London prices, the [...]
BLACKHEATH, SE3 July 7, 2011 WEMYSS ROAD Price: £550,000 This spacious three bedroomed maisonette is on the first and second floor of a period building. It has high ceilings, a kitchen, a contemporary shower and bathroom. It is close to the Heath and Blackheath Village. Contact: Foxtons on 020 8432 7200 or go to www.foxtons.co.uk DARTMOUTH HILL Price: £1.15m This [...]
SELL July 7, 2011 Managing Director of central London estate agency, Kay & Co Q.I live in a mews house that has a garage. I’m considering turning it into extra living space. Is this a wise move? A.The answer to this question entirely depends on the size of your property. If you live in a small mews house that [...]
