Disappointing results for cinema chain AMC after weak summer October 28, 2014 Cinema giant AMC posted disappointing third-quarter results last night, following a slow summer for the film and entertainment industry in America. The chain revealed that net income dropped 78 per cent in the latter part of this year, from $33.9m (£21m) in the three months ending 30 September 2013 to just $7.4m for the same [...]
Jogger Dean Farley: I only “brushed into” David Cameron October 27, 2014 At first it appeared to be a massive security breach; now it seems the man who “shoved” Prime Minister David Cameron accidentally knocked into him during a jog. Dean Farley, whose Facebook page includes pictures of him taking part in the Spartan Race challenge, posted earlier today that it was him who had knocked [...]
As some big banks place curfews on staff, is there anything left of the old City nightlife culture? October 23, 2014 Lawson Muncaster, co-founder and managing director of City A.M., says Yes. I popped out for dinner last night – suitably dressed. No thanks to the powers that be, City nightlife is alive and well. We’ve had it from all sides, with reports that banks are to place curfews on staff just the latest episode. But [...]
Tesco share price falls again: Chairman Sir Richard Broadbent steps down as profit overstatement is bigger than thought October 23, 2014 Shares in Tesco closed down 6.6 per cent in early afternoon trading, after the supermarket posted first-half results showing statutory profit before tax, which includes one-off items, collapsed by 91.9 per cent to £122m in the 26 weeks ended 23 August 2014. Sir Richard Broadbent, Tesco's chairman, announced he will step down, while the embattled [...]
Asos share price leaps as sales climb 27 per cent following tough year for online retailer October 21, 2014 Shares in online retailer Asos have leaped almost 20 per cent this morning, after the beleaguered online retailer reported a 27 per cent rise in sales. Although results posted today showed pre-tax profits fell 14 per cent to £46.9m in the year to the end of August, from £54.7m during the same period last year, [...]
US stocks lifted by results even after IBM drag – New York Report October 20, 2014 US stocks ended higher yesterday on investor hopes for a strong earnings season, but IBM’s disappointing results limited gains. Earnings reports from Halliburton, Gannett, and others, helped ease the worries over global growth and falling commodity prices that last week helped drive stocks close to correction territory. Texas Instruments posted third-quarter revenue of $3.5bn, up [...]
Tourist trapped in Trafalgar Square Waterstones for two hours October 17, 2014 A tourist ended up being trapped in a London branch of the book chain Waterstones for more than two hours yesterday, after it closed while he was still inside. Staff did not realise that Texan tourist David Willis was stilll browsing books in the Trafalgar Square store on Thursday (October 16) when they shut [...]
WH Smith CEO Steve Clarke says stationery chain is ready for lift-off October 16, 2014 Steve Clarke has often described himself as a shy person, but with strong full-year results to shout about yesterday, the WH Smith boss came out of his shell. The cheery Irishman, who took over from his long-serving predecessor Kate Swann in July last year, put the retailer’s success – and his good mood – down [...]
Google share price down: Results fail to impress despite 20pc hike in revenue October 16, 2014 Google’s quarterly results have failed to meet Wall Street expectations, despite revenue growing by 20 per cent to $16.5bn (£10.3m) in the three months to 30 September, compared with $13.8bn posted last year. Analysts polled by Thomson Reuters said they were looking for revenue of $16.6bn in the third quarter. Meanwhile, expenses were up to [...]
Burberry sales jump despite tough market October 14, 2014 BURBERRY warned yesterday that conditions in some of its markets, including China, were getting tougher, despite a 14 per cent increase in first-half sales, sending shares down almost four per cent. The luxury group said total revenues reached £1.1bn in the six months to 30 September, thanks to strong performance across all regions. However, it [...]