‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
ANALYST VIEWS: CAN HOGG ROBINSON KEEP UP ITS PROGRESS ? May 25, 2011 JULIAN CATER | COLLINS STEWART The four global players (including Hogg Robisnon) have only 18 per cent of the market, offering scope to gain share as clients look to consolidate their travel management providers. The net pension deficit reduced to £88.6m from £93.5m a year ago. RICHARD FINCH | EDISON I think Hogg Robinson has [...]
Sound Oil plans three new wells May 25, 2011 Independent oil and gas company Sound Oil hailed its most successful year yesterday despite significantly widening its losses at the end of 2010 to £15.9m from £2.9m the previous year, fuelled by a £14.2m loss on the write down of the Bangkanai asset in Indonesia. However, the company plans to work up a number of [...]
Telefonica job cuts widen May 25, 2011 Telefonica and unions want to extend a job reduction plan by two years, sources said yesterday, in a move that could lead to redundancies rising by an additional 2,500. Telefonica proposes extending the cuts over five years but lifting the number of redundancies in Spain to up to 8,500 staff. Unions have agreed to the [...]
First Derivatives profits up 15pc May 25, 2011 AIM-listed software and consulting service provider First Derivatives yesterday announced a pre-tax profit increase of 15.1 per cent to £6.5m this year with a 44.2 per cent rise in revenues. Chairman David Anderson said product launches would be followed by sustained marketing as the company capitalises on recent investments.
G4S expands east to secure 2012 growth May 25, 2011 SECURITY giant G4S outlined the extent of its emerging markets opportunity yesterday as it eyes a return to pre-recession growth levels by the end of next year. G4S, which protects assets such as oil and gas plants and runs government facilities such as prisons, expects the global security market to grow at eight to nine [...]
BTG revenues up 13 per cent May 25, 2011 BRITISH pharmaceutical firm BTG yesterday posted a 13 per cent rise in full-year revenue, helped by a £6m contribution from its Biocompatibles acquisition in the final two months of the year. The company bought oncology products supplier Biocompatibles in November 2010, extending the portfolio of products it can sell to hospital-based specialists. Chief executive Louise [...]
Economic stability key to demand, says Buckles May 25, 2011 AS CHIEF executive of G4S since 2005, Nick Buckles has weathered the financial crisis and is now focused on returning the company to its former high growth. While G4S, as a security firm, is associated with flak jackets and war zones, Buckles says it is global industry, not instability, that will help it regain pre-crisis [...]
Adviser hire sparks sales talk for Martha Stewart May 25, 2011 MARTHA Stewart Living Omnimedia has hired an investment bank to advise it on its options, a signal that the company founded by the cooking star may seek a partnership or a sale. The move to hire the Blackstone Group, which sent shares of the company up more than 20 per cent yesterday, comes after several [...]
Aveva demand boosts profit May 25, 2011 Software firm Aveva yesterday posted an eight per cent rise in full-year profit after strong demand from customers in the oil, gas and power sectors. Aveva, which makes software used to design nuclear power stations, ships and oil facilities, said adjusted pre-tax profit for the year was £54.7m compared with £50.7m for 2010. The company [...]
Telecom Plus sees profits surge May 25, 2011 Utility services group Telecom Plus said yesterday its full-year profit rose 51 per cent on higher demand for gas during the winter and an increase in energy prices. The company, which supplies gas, electricity, telephony and broadband under the Utility Warehouse name, forecast higher financial results for the current year, in line with market expectations. [...]
