Charity wants more prominence for givers in the UK honours list November 19, 2012 A CAMPAIGNING charity yesterday called for an urgent overhaul of the honours system to increase recognition of people who give money and time to good causes. Legacy10, which was founded by the financial public relations executive Roland Rudd, is calling for an end to the awarding of honours solely for “services to business”, and instead [...]
Areva plans for Scotland plant November 19, 2012 AREVA plans to locate its third European factory for producing offshore wind turbines in eastern Scotland, the French nuclear firm announced yesterday, in a boost for a UK industry hit recently by other firms putting energy plans on hold. Areva signed a memorandum of understanding with Scottish Enterprise, a public body of the Scottish government, [...]
AGA gets boost from British baking boom November 19, 2012 AGA Rangemaster chief executive William McGrath said yesterday he felt an “air of optimism for 2013” after the iconic cast iron cooker maker reported “encouraging” trends in its sales. Shares soared more than 10 per cent after McGrath said sales had continued to grow at the four per cent rate seen at the half-year, with [...]
Krispy Kreme raises outlook November 19, 2012 US-listed doughnut chain Krispy Kreme last night raised its profit outlook after a 6.9 per cent rise in quarterly earnings. The firm has expanded its offering to include coffee and other snacks in recent years to propel growth in spite of a growing market for healthy snacks. Krispy Kreme posted a quarterly profit of $5m, [...]
Aggreko wins Ivory Coast deal November 19, 2012 Temporary power supplier Aggreko has signed a contract worth around $75m (£47m) to supply 100MW of gas-fuelled power to the Ivory Coast, it said yesterday. The two-year contract, awarded by the Société des Energies de Côte d’Ivoire, will reinforce power supply in the African country before the construction of permanent power capacity. The contract follows [...]
Revenue jumps at Intertek November 19, 2012 Testing company Intertek yesterday posted a 20.1 per cent jump in revenue for the July to November quarter, buoyed by strong growth from the Americas, Asia and the Middle East. Europe still proved a hard market, with growth “below the group average”, it said. The adjusted operating profit margin for the group, which acquired NDT [...]
Who’s switching jobs November 19, 2012 Smith & Nephew Julie Brown has been appointed chief financial officer at the medical technology business. She joins from AstraZeneca, where she was vice president for group finance and interim chief financial officer. Brown was at AstraZeneca for 25 years, and previously qualified as a chartered accountant at KPMG. Natixis Global Asset Management The asset [...]
Best of the Brokers November 19, 2012 AVEVA Panmure has cut its target price on the software group to 1838p from 1948p and kept its “hold” rating, after last week’s interim results caused the broker to trim its expectations slightly. BLINKX After last week’s strong interim results from the video streaming firm, Canaccord Genuity has a “buy” rating and target price of [...]
UK shares have year’s biggest one day rise on hopes of US fiscal plan November 19, 2012 UK shares matched their biggest one day rise of the year yesterday, recovering some of last week’s steep falls, as optimism that US lawmakers will forge a fiscal compromise encouraged traders to buy at the lower prices. The FTSE 100 index was up 132.07 points, or 2.4 per cent, at 5,767.66 by the close. Leading [...]
Wall St up on housing and high earnings November 19, 2012 US stocks bounced higher for a second consecutive session yesterday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation’s fiscal crunch. The Dow Jones industrial average gained 207.65 points, or 1.65 per cent, at 12,795.96. The Standard & Poor’s 500 Index was up 27.01 points, or 1.99 per cent, at [...]
