McBride shares washed out by profit warning April 3, 2014 SHARES in McBride plunged nine per cent yesterday after the maker of own-brand household and personal care products announced another fall in quarterly sales and issued a profit warning. The soap and laundry detergent company said revenues fell four per cent in the third quarter of the year and that given the ongoing tough retail [...]
Bottom Line: Group needs to scour for a genuine niche April 3, 2014 INVESTORS hoping for signs that McBride had permanently cleaned up its act were left disappointed yesterday. After a second profit warning in the space of three months, the detergents maker has flagged up possible site closures and job cuts. The drastic measures come three years after McBride’s last restructuring, which went by the name of [...]
Chiquito owner serves up a new chief executive April 2, 2014 THE RESTAURANT Group, the owner of Chiquito and Frankie & Bennys restaurant chains, said yesterday that it has promoted the head of its leisure business Danny Breithaupt to the role of chief executive. Breithaupt, who has worked at The Restaurant Group for over 10 years, will take over as chief executive at the beginning of [...]
City Moves for 02 April 2014 | Who’s switching jobs April 1, 2014 Baringa Partners The management consultancy has announced the appointment of Simon Anderson as a partner in its markets and trading team. He joins from Deutsche Bank, where he was a director and senior business architect in its corporate banking and securities division. Coutts The bank has appointed Sophie Chapuisat as head of products and services [...]
The Roux family take their culinary expertise to Epsom March 30, 2014 FINALLY, the greatest flat-race in the world has a world-class restaurant to match. Last week, French culinary legends Albert Roux and his son Michel Roux Jnr launched a new fine dining establishment that is to be at Epsom Downs Racecourse during the Investec Derby Festival. As official newspaper of the event, City A.M. was on [...]
Toast of New York to get Derby run March 30, 2014 HORSE RACING: Trainer Jamie Osborne plans to enter Toast of New York in June’s Investec Derby, following the two-year-old’s win in the Group Two United Arab Emirates Derby on Saturday. Meanwhile, Godolphin-trained African Story triumphed in the Dubai World Cup, the world’s richest race.
Any Other Business – 28/03 March 28, 2014 The Capitalist stands corrected. Yesterday we said the City was close to its first official rock band but it seems rock has in fact been around in the City for sometime. “Whilst we would never call into question the accuracy of your report, we feel we must put the record (!) straight on one point,” [...]
Stress test fail puts RBS sale of Citizens at risk March 28, 2014 HOPES of an early sale for RBS’s US arm Citizens were knocked yesterday after it failed the Fed’s stress tests. Although the main plan is to float the bank, starting later this year, RBS has been in early-stage talks with other banks including Japan’s Sumitomo Mitsui over a trade sale. But failing the stress test [...]
Daily Mail shares slide as ads disappoint March 28, 2014 DAILY Mail and General Trust (DMGT) – publisher of the Daily Mail and The Mail on Sunday – warned yesterday that its advertising revenue over the last four weeks has fallen seven per cent due to the late Easter hurting advertising. Shares tumbled 7.3 per cent to 893.5p following the announcement as investors reacted to [...]
Failed stress test hits RBS’ chances of fast Citizens sale March 27, 2014 RBS’ shares fell this morning after its US arm Citizens failed a Fed stress test, knocking the bank’s chances of a quick sale to another lender. Although the main plan is to float the bank, it has been in early-stage talks with other banks including Japan’s Sumitomo Mitsui over a trade sale. But failing the [...]