Daggers armed for another stab at dodging drop July 30, 2013 Josh Richards previews the new League Two season, which starts on Saturday ROOKIE manager Wayne Burnett has added more firepower to his slim Dagenham & Redbridge squad this summer in the hope of defying the bookmakers and beating relegation from League Two. With Daggers favourites to lose their Football League status, 41-year-old Burnett, embarking on [...]
Grandeur can shake up Mukhadram in York feature July 25, 2013 ONLY six runners have been declared for tomorrow’s Sky Bet York Stakes (2.55pm) and Mukhadram is as short as 1/2 with one bookmaker to justify Paul Hanagan’s decision to abandon Ektihaam in the King George at Ascot. The market leader reappeared this season with a win in the Brigadier Gerard Stakes at Sandown and was [...]
Remortgage fall prompts calls to extend funding for lending May 9, 2013 REMORTGAGE lender LMS called for an extension to the funding for lending scheme (FLS) yesterday after February showed a deep drop in remortgage lending. Households drew £2.6bn of equity out of their houses in February, LMS figures showed, down 11.3 per cent compared to January, falling faster than overall mortgage lending. The number of loans fell even [...]
New Quarto boss aiming to put boardroom coup behind firm March 13, 2013 THE new chief executive of publishing company Quarto will outline his plans for a revamped, leaner company this week as he faces the City after a shareholder coup defenestrated his predecessor. Laurence Orbach, who founded the company in 1976 and remains a large shareholder, was dramatically ousted in November at a special meeting forced by [...]
Primark sales boost Associated British Foods’ first half earnings February 25, 2013 ASSOCIATED British Foods (ABF) said an “outstanding” performance from the conglomerate’s budget fashion chain Primark will help lift first-half profits ahead of the £412m reported last year. The FTSE 100 group expects Primark sales to be up 23 per cent in the six months to 2 March, with like-for-like sales anticipated to be seven per [...]
Barclays plans to issue more bail-in bonds February 24, 2013 BARCLAYS is preparing to issue more contingent convertible bonds – co-cos – in the coming months to shore up its balance sheet and satisfy regulators that it is following their orders around bail-in bonds, it emerged over the weekend. The bank raised £2bn in a groundbreaking co-co issuance before Christmas, seeing strong demand for the [...]
Rolex wins title of consumer superbrand for a second year February 24, 2013 LUXURY watch-maker Rolex has come top of an annual chart of consumer “superbrands” for the second year running, leaving Apple and Microsoft trailing in second and third place, a poll published today shows. The iPad and iPhone-maker jumped 16 places to clinch second place, missing out on the top spot to Rolex. Over 2,900 British [...]
London’s new issues market is thawing, but slowly February 22, 2013 Not so long ago I asked an investment banker in London how long he and his colleagues had deliberated before deciding to float a Salford-based materials technology company called Luxfer in New York. “About 30 seconds,” he said, quickly and pointedly. But then this was October last year and the new issues market in London [...]
Network Rail set to be fined as planning mistakes cause delays February 21, 2013 NETWORK Rail is facing a multi-million pound fine for causing unacceptable delays over the winter, the industry regulator warned yesterday. Overrunning engineering work over Christmas and “basic operational planning mistakes” were behind the slip in punctuality on English and Welsh railways, said the Office of Rail Regulation. Around 88.3 per cent of long-distance trains arrived [...]
Royal Mail staff on track to take 10pc of shares February 17, 2013 THE COALITION is pushing ahead with plans to hand employees at least 10 per cent of the shares in Royal Mail, with Britain’s biggest privatisation in two decades lined up for this year. Although the government is continuing to explore all options for the state-owned postal service – including the sale of a stake to [...]