In the snow in British Columbia November 6, 2011 RUNNING through Vancouver in bright ski gear, carrying boots, boards and skis is an experience in itself. Before hitting the steep and deep slopes of Whistler Blackcomb – British Columbia’s powder playground – we decided to find our ski legs at Vancouver’s nearby family resorts of Cypress, Seymour and Grouse Mountains. The local resorts are [...]
FUND MANAGERS KEEP PARTY ASSETS SOUND November 2, 2011 THE Society of Pension Consultants’ party at the Dorchester was no doubt a wild affair. But last night belonged to the Investment Management Association, which drew 1,200 fund managers to its annual dinner at the Grosvenor House hotel. “No matter how glittering the alternative occasion, everyone is happy to give it up to come here,” [...]
US employers create 110,000 new jobs November 2, 2011 US employers have created more new jobs than expected in the past month, and more were added in September than originally reported, in signs that the labour market is starting to bounce back. The closely-watched ADP National Employment Report has shown that the private sector added 110,000 jobs in October, topping economists’ expectations for a [...]
Wolfson swings to $10m loss November 1, 2011 WOLFSON yesterday swung to a $10m (£6.3m) third-quarter loss and said weak demand meant it would not return to profitability until well into next year. The firm, whose audio chips are in Samsung handsets, also slashed its revenue forecast for the final quarter to $35-$40m, down from $46.1m. Chief executive Mike Hickey said order intake [...]
JJB will not tap investors despite losses October 31, 2011 STRUGGLING retailer JJB Sports said it will not need to tap shareholders for cash, despite issuing a full-year profit warning as losses widened in the first half of the year. Shares tumbled 19 per cent yesterday after the sports group said pre-tax losses almost trebled to £66.5m in the 26 weeks to 31 July from [...]
Luminar suitors want deal tied up by Christmas October 31, 2011 BIDDERS for toppled nightclub owner Luminar want a deal tied up by the first week of December or they will pull out of the running, City A.M. has learned. One source close to the deal said: “There is some value in us picking up a company with the Christmas rush still on. Nobody wants to [...]
JJB issues profit warning as losses widen October 31, 2011 JJB Sports, the struggling British retailer rescued by a deal with landlords in March, posted wider first-half losses and warned the full-year outcome was likely to fall short of internal expectations. “As with most retailers, our year-end outturn is dependent on Christmas trading, nevertheless if current trading conditions continue our year-end outturn is likely to [...]
Why crisis-hit Nintendo was my first real love October 30, 2011 It has been a mixed week for Nintendo. On Tuesday it hosted the last of three concerts to celebrate the 25th anniversary of one of its most successful and enduring franchises: The Legend of Zelda. Two days later it announced the first annual loss in its 122-year history, sending the company into crisis mode. Its [...]
Blacks’ losses mount as it eyes funding October 27, 2011 OUTDOOR goods specialist Blacks leisure yesterday announced a half-year loss of £16m and said it was examining its funding options in a bid to shore up the struggling firm. The company, which also trades under the Millets brand, is fighting for survival due to mounting losses and surging debts. The pre-tax loss for the six [...]
UPCOMING | EVENTS October 27, 2011 First Birthday Celebrations • The West End says happy birthday to One New Change, with two exclusive performances in one week. What: The Wonderful West end will perform hits from Chicago to Mamma Mia to Jersey Boys plus many, many, many more. Where: One New Change, EC4M 9AF (lower ground floor atrium) When: Two exclusive [...]