Cineworld profit lifted by blockbusters March 8, 2012 British cinema chain Cineworld posted a higher full-year profit helped by a string of popular releases during the Christmas season, and said it expected a strong blockbuster line-up for 2012. The operator of cinema complexes throughout the UK and Ireland said films such as the latest in the Harry Potter, Pirates of the Caribbean and [...]
Tablet sales cannibalising desktop PCs March 5, 2012 TOMORROW’S Apple announcement could bring more bad news for the desktop computer market, with the Cupertino-based company expected to reveal the third generation iPad and trigger a tablet shopping frenzy. When the iPad 2 was launched this time last year, online marketplace eBay sold 5,000 more tablets in March than in February as iPad-hungry shoppers [...]
No stopping United at Spurs on Sunday March 1, 2012 FOOTBALL TRADER BEN CLEMINSON BRINGS YOU THE BEST OF THIS WEEKEND’S FOOTBALL BETS TOTTENHAM vs MANCHESTER UNITED SUNDAY – 4.10PM SKY SPORTS AFTER the destruction derby against Arsenal, Tottenham must pick themselves up off the floor pretty sharpish – or else face the prospect of undoing much of the good work that has taken them [...]
Financial service jobs rise in February 2012 February 29, 2012 MORGAN MCKINLEY FINANCIAL SERVICES AS THE top graph clearly shows, there have been many ups and downs in the City hiring market over the last five years. The fluctuations in financial services hiring are traditionally seasonal, with Christmas, bonus season and mid-summer being the less active periods of the year. However, over the last five [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 29, 2012 FINANCIAL TIMES DIMON DISMISSES REGULATORY THREAT JP Morgan Chase executives have told investors the bank will prosper even after the implementation of new regulations as they maintained profit targets and dismissed talk of a historic threat to Wall Street’s business model. “I’ll be damned if we don’t have record profits for the next year or [...]
Tesco keeps on losing share to cut price rivals February 29, 2012 LEADING supermarket Tesco failed to increase sales as quickly as its rivals in the last 12 weeks, data out yesterday showed, while leaked documents showed the Co-op is well behind its sales targets already this year. Tesco’s sales rose 2.5 per cent in the 12-week period ending 19 February, compared with the same period last [...]
Primark fuels AB Foods profits February 27, 2012 Primark-owner Associated British Foods expects growth in its half year profits to be driven by its discount fashion chain, which has gained as under-pressure British shoppers seek out bargain prices, and by a strong performance from sugar. Western European shoppers have cut back on spending as unemployment has risen and wage rises stagnate, but Primark [...]
Turning obstacles into business opportunities February 26, 2012 A STAGNATING economy can offer smaller businesses the room to expand – Rajesh Agrawal, founder of RationalFX, certainly believes that the recession granted his money transfers and online foreign currency payment business an opportunity. But Agrawal has been thriving for some time despite leaving his small home town at 22 to live on only 5,000 [...]
Barratt sees swing back into profits February 22, 2012 BARRATT Developments swung back into profit in the first half of the year thanks to its increased focus on higher margin regions, building houses rather than flats and developing low-cost land bought after the 2008 property crash. Shares, which are up almost 50 per cent since Christmas, rose almost eight per cent yesterday after the [...]
Edinburgh Woollen Mill saves 6,000 Peacocks jobs February 22, 2012 British clothing retailer Edinburgh Woollen Mill is to acquire two thirds of discount clothing retailer Peacocks, in a deal which will see 6,000 jobs saved. Administrators KMPG said they had agreed the sale of 388 stores from Cardiff-headquartered Peacocks but another 224 stores would be closed immediately, leading to 3,100 redundancies. Peacocks called administrators in [...]