Fuller’s upbeat as London defies downturn November 25, 2011 Pub company Fuller Smith and Turner said it has experienced growth in all parts of its business, as its London focus gave it resilience to the economic downturn. Although pub popularity has been very unpredictable, company chairman Michael Turner said in an interview with Reuters, Fuller’s – which has a portfolio of 362 pubs and [...]
Fuller’s grows despite economic downturn November 25, 2011 British brewer and pub chain Fuller’s has reported growth in all parts of its business despite the economic climate, putting its success down to its London focus. Fuller Smith and Turner, whose most famous brand is London Pride, reported pre-tax profits of £16.5m in the six months to October, up five per cent on the [...]
Moody’s cuts Hungarian debt rating to junk November 25, 2011 Hungary’s debt has been rated as junk by Moody’s in a move the country’s Economy Ministry said was “professionally unfounded”. Moody’s cut Hungary’s rating to Ba1 with a negative outlook, citing levels of debt, poor prospects for growth and a lack of credibility to the government’s fiscal policy. Last week Hungary returned to the IMF [...]
Italian bond sale sees record yields November 25, 2011 Italy has managed to sell all €8bn (£6.85bn) of the six-month government debt it offered at auction, but at almost twice the rate of its previous sale. The country was forced to offer 6.50 per cent interest on its bonds, up from 3.53 per cent in October, a record for this length of bond in [...]
FTSE slump continues as Germany digs in November 25, 2011 THE FTSE 100 continued to fall this morning as Germany’s refusal to agree to a common Eurozone bond to shore up the bloc’s finances further drained investor confidence. London’s blue chip index posted its ninth successive day of falls yesterday and has dropped 7.5 per cent in the period – the longest losing streak since [...]
Blacks Leisure issues profit warning November 25, 2011 outdoor goods retailer Blacks Leisure said it expected full-year results to be below expectations after trading conditions weakened further in the last few weeks. “The group is experiencing lower than expected sales and has been taking action to manage margins in order to drive sales,” it said. Blacks reiterated that it required additional funding. It [...]
Shore Capital admits it may suffer full year loss November 25, 2011 Shore Capital, one of Britain’s smaller investment banks, said it could make a loss for 2011 due to the tough market conditions and a writedown on its holding in Puma Hotels which has been embroiled in a dispute with a Spanish group. Both bulge-bracket and smaller, boutique investment banks have been hit by the market [...]
Becker: Scrap unfair tax or more stars will shun UK November 24, 2011 FORMER Wimbledon champion Boris Becker has called on the government to scrap “unfair” tax laws for foreign players, or risk more of the world’s top sportsmen boycotting British events. Tennis star Rafael Nadal has already cancelled his annual appearances at Queen’s Club in protest at the controversial levy, while Olympic sprint champion Usian Bolt has [...]
Chelsea lean toward move to Battersea November 24, 2011 CHELSEA have moved a step closer to relocating to Battersea power station after confirming they have appointed property developers and architects to draw up plans for the site. The Premier League club have appointed Mike Hussey, the former Land Securities director and current chief executive of Centre Point owners Almacantar, as their development partner and [...]
RFU ‘at rock bottom’ after Twickileaks November 24, 2011 EMBATTLED Rugby Football Union chief Rob Andrew has again steadfastly refused to consider tendering his resignation, despite admitting the sport has hit “rock bottom” as a result of the damaging Twickileaks scandal. Three confidential reports into England’s dismal World Cup campaign were leaked into the public domain earlier this week which revealed the level of [...]
