New chairman at helm of brewer May 26, 2011 NICK Bryan was yesterday announced as non-executive chairman at Young’s, taking over from Chris Sandland who has been with the company for 38 years. Bryan, 53, a co-founder of drinks dispenser service company Innserve, has also gained experience through various positions within Courage, including as managing director of Courage UK. He was a partner at [...]
Young’s profit is up after food sales lift May 26, 2011 YOUNG’S Brewery yesterday announced a profit rise – fuelled by food sales and a strong performance at its managed pub division. Adjusted operating profit at Young’s Brewery increased by 7.1 per cent to £21.7m in the year to 4 April. The revenues increased nearly 12 per cent to £142.6m and the dividend per share was [...]
Ad slump hits DMGT shares May 26, 2011 Daily Mail & General Trust (DMGT) did nothing to dispel the gloomy mood in the UK advertising market yesterday when it announced its ad sales for the last two months have dropped below levels seen last year. The news sent the firm’s shares tumbling as much as nine per cent before settling 7.5 per cent [...]
Ofcom finds O2 is best for mobile broadband speeds May 26, 2011 O2 is the UK’s best network provider for mobile broadband, according to new Ofcom data. Vodafone comes second, followed by 3, with Everything Everywhere trailing in last place. The survey found that 17 per cent of households regularly use mobile broadband, with seven per cent relying on it for all of their online activity. The [...]
Hedge fund calls for Microsoft leader Steve Ballmer to leave May 26, 2011 INFLUENTIAL hedge fund manager David Einhorn has called for Microsoft chief executive Steve Ballmer to step down, saying the world’s largest software company’s leader is stuck in the past. The comments by outspoken Einhorn, who made his name warning about Lehman Brothers’ financial health before the investment bank’s collapse, are the most pointed yet from [...]
Number of people leaving the UK plummets by 20pc May 26, 2011 THE number of people migrating away from the UK has plummeted by 20 per cent, data from the Office for National Statistics showed yesterday. In the 12 months to September last year, 344,000 people departed British shores for a life elsewhere. This compares to the year to December 2008, when 427,000 people left. Government plans [...]
Italian business morale takes a dip May 26, 2011 Italian business confidence sank by more than expected this month, according to data from the ISTAT office released yesterday. The index measured 101.3 in May, from a downwardly revised 102.6 in April. “It is important for Italy that foreign orders stay on an upward trajectory,” said Fabio Fois of Barclays Capital. “The economic recovery has [...]
Small businesses avoiding failure May 26, 2011 Fewer small companies became insolvent in April than the same time last year, data from Experian revealed yesterday. The number of failing UK companies dropped by 0.55 per cent year on year.
London & Stamford to invest £1bn May 26, 2011 BRITISH property investor London & Stamford yesterday said it saw investment opportunities in retail, logistics and London residential for its £1bn war chest, after reporting a rise in 2010 net asset value (NAV). The company, which moved from the London Stock Exchange’s junior AIM market to the main board last October, said its NAV per [...]
Balfour set to reshuffle its advisers May 26, 2011 GLOBAL infrastructure group Balfour Beatty has decided to hold a beauty parade of advisers ahead of a likely change in its corporate brokers. The group’s current broking advisers are JP Morgan Cazenove and RBS, who have served the company for many years. Group chief executive Ian Tyler (pictured) is believed to feel that it is [...]
