STAR QUALITY November 5, 2009 STARBUCKS raised its financial forecasts for 2010 in the latest sign a year-long turnaround effort is boosting margins and putting it back on track for growth. The coffee company, which has been slashing outlets, laying people off and reducing costs, raised its target for fiscal 2010 earnings — excluding items — to growth of 15 [...]
Flu jabs panic grips Wall Street November 5, 2009 New York City health officials yesterday scrambled to explain themselves in the wake of media reports about bankers who got scarce H1N1 flu vaccines through their employers. Members of Congress fired off letters demanding immediate explanations and the US Centers for Disease Control and Prevention reminded state and city health officers of the need to [...]
C&W revives plans to split its operations November 5, 2009 THE eagerly-awaited confirmation that Cable & Wireless (C&W) is reviving its de-merger plans was overshadowed yesterday by the telecoms operator cutting its full-year earnings guidance. Shares dropped by six per cent amid profit-taking, a lack of detail on the de-merger and disappointment over the performance of C&W’s International business (CWI) which provides fixed-line and mobile [...]
IS THE MARKET REACTION TO THE C&W UPDATE JUSTIFIED? November 5, 2009 MORTEN SINGLETON COLLINS STEWART“The market has reacted to the downgrade for the full year, but we think this is a great opportunity to buy into Cable & Wireless. There will likely be some uplift after the news of the de-merger, albeit small as it was a well-flagged event, though there was scant detail on the [...]
European raiders all set for more Breeders’ Cup success in America November 5, 2009 THE BREEDERS’ Cup returns to the same racecourse for the first time in consecutive years and you won’t find many of the European raiding party complaining. American horses have traditionally dominated the dirt events as it is not only the main type of racing surface in the US, but there are also no dirt tracks [...]
Q&A: BUYING November 5, 2009 Camilla DellMANAGING PARTNER AT BLACK BRICKQ. Dear Camilla, I am in the process of buying a house and my surveyor has found some structural problems. Should I be worried? Can I negotiate the price down in order to pay for these faults? At what point should I pull out? A. You should talk to your [...]
the INSIDER November 4, 2009 I’m really looking forward to the Breeders’ Cup and the Europeans have outstanding chances in a number of championship races. Pounced looks to have a great opportunity in the Juvenile Turf tomorrow night, but I'm not sure if he really is in the same league as Donativum who won this for the same stable last [...]
Why we need to go global with ethics November 4, 2009 ETHICS is one of the buzz-words in the City at the moment, with all sorts of companies trying to convince customers, investors and policymakers that they have changed the way they do business. But the issue has been at the forefront of accountants’ minds ever since another E-word loomed into sight: Enron. When the American [...]
ROCKY TIMES ARE AHEAD FOR UK PLC November 4, 2009 PETER COOPERLONDON HEAD, BAKER TILLY RESTRUCTURING & RECOVERY LLP NEWS of the UK’s economic contraction for a sixth consecutive quarter startled economists and captains of industry. We believe that administrations could rise once again in the immediate future. One reason is that the number of companies suffering late payment from customers has more than doubled [...]
Why chartered institutes can help to boost your career November 4, 2009 SOME name changes are only cosmetic, but for the financial services industry, the transformation of the Securities & Investments Institute into the Chartered Institute for Securities & Investment (CISI) could improve the careers of many in the City. The body, which has over 40,000 members including stockbrokers, investment advisors, portfolio managers and wealth managers and [...]
