WHAT THE OTHER PAPERS SAY THIS MORNING October 19, 2010 FINANCIAL TIMES INDIAN OIL PLANS RECORD $4.3BN IPO Indian Oil plans to raise a record Rs190bn ($4.3bn, £2.73bn) by selling 20 per cent of its shares in what would be India’s biggest IPO, as several state-run groups are rushing to tap the nation’s booming equity market. Sumit Bose, India’s minister of disinvestment, said yesterday that [...]
Apple rides high but iPad falters October 18, 2010 Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4. However, its landmark iPad tablet device lagged behind analyst forecasts as supply issues continued to dog the world’s biggest technology firm. Apple shifted 4.2m iPads in the quarter, falling well short of analyst [...]
THE TIPSTER October 18, 2010 HOME Retail Group has seen its share price underperforming the market and its sector this year: the share price is down a whopping 30 per cent year-to-date. Wednesday’s interims, however, should provide us with some good news and investors might look favourably on the stock as the Christmas period approaches. Capital CFDs quotes 219.2p-219.9p. Euro-dollar [...]
Rightmove: October jump saves London from a year-on-year fall October 17, 2010 AN eleventh-hour price jump in the London housing market saved it from a year-on-year fall, according to the latest Rightmove House Price Index. Asking prices spiked five per cent in October compared to the previous month – from £399,019 to £418,778 – as sellers aim to capitalise on the traditionally lively run-in to Christmas. This [...]
Christmas retail sales could be best since 2007 October 17, 2010 SHOPPERS will spend more on the high street in the run up to Christmas than they have for at least three years, a report has claimed. Retail analysts Verdict Research said high street sales were likely to increase by £1.6bn in the three months to Christmas, a 1.9 per cent rise on last year, to [...]
Clinton in slim profit rise but tough times ahead October 14, 2010 CLINTON Cards posted a three per cent rise in full-year adjusted pre-tax profit helped by its namesake brand, but remained cautious about weak consumer spending due to frail economic environment. In the 10 weeks of the new financial year, same-store sales at its Clinton brand fell 3.9 per cent. Total group like-for-like sales declined 2.9 [...]
CITY VIEWS: WILL YOU BE SPENDING LESS THIS CHRISTMAS BECAUSE OF WORRIES ABOUT THE ECONOMY October 14, 2010 KEVIN SKELLY | KIRKLAND “I’ll be spending more this Christmas. I have a grandchild now so it’s definitely going to be more expensive. The austerity measures won’t have any real effect. It’s just something you have to spend money on.” VIKAS SAINI | TMF I’ll be spending about the same this year. The spending cuts [...]
OUT OF OFFICE October 14, 2010 WINTER HAND CLINIC John Lewis Oxford Street has teamed up with luxury skincare brand Elemis to launch free Winter Hand Clinics to run throughout November and into December in-store. The bespoke consultations will be led by an expert Elemis skin therapist who will give customers top tips and advice on how to protect their hands [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 13, 2010 FINANCIAL TIMES F&C OPPOSES US POLITICAL DONATIONS BY NEWS CORPORATION F&C, the UK asset manager, will vote against the re-election of News Corp’s audit committee chairman at its upcoming annual meeting on Friday over the media group’s million-dollar political donations to the Republican Governors Association and the US Chamber of Commerce.“We are concerned to see [...]
Time to offload Lloyds to save the City’s skin October 12, 2010 Politics can be so unpredictable that a week seems a long time, but there is one prediction that can be made with certainty: a car crash between bankers and politicians just in time for Christmas. The fall out could be so severe that it could lead to the demise of London as a financial services [...]