DTZ narrows losses to £6m December 15, 2010 REAL estate consultant DTZ said yesterday its first half loss narrowed on a strong performance in Asia, as it retained a cautious outlook due to market uncertainty in the UK and Europe. The company yesterday posted a pre-tax loss of £6m for the six months to 31 October, compared to a loss of £20.6m in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2010 FINANCIAL TIMES US REGULATOR WIDENS STANFORD PROBE TO BROKERS US securities regulators have broadened their investigation into the alleged $8bn Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products. JPMORGAN CUTS BACK ON US SILVER FUTURES JPMorgan has quietly reduced a [...]
FIT IN THE CITY December 13, 2010 FITNESS & DIET EXPERT 1. CHOOSE YOUR POISON WISELY: UNLESS YOU WANT AN OVERHANG like Johnny Vegas, go easy on the beer. An eight pint binge means you’re taking in a whopping 1,600 empty calories – that’s the calorie-equivalent of a very large takeaway. Spirits with diet drinks and champagne make for better waistline choices. [...]
All-round positive outlook for 2011 worrying December 12, 2010 This is it – the last meaningful trading week of the year. This is the final opportunity for anyone wanting to move around a decent amount of stock or trying to place an order without sending prices haywire. The week when the futures and options expire and we all settle in to the two-week lull [...]
HMV shares plunge as its losses mount December 9, 2010 HMV shares dropped nearly 17 per cent yesterday as poor trading figures laid bare the company’s failing turnaround plan. The music, DVD, games and books retailer posted a worse-than-expected widening in first-half losses. Its share price dropped 16.57 per cent yesterday, to 36.50p HMV made an underlying pre-tax loss of £41.3m for the six months [...]
DS Smith posts 17.5pc profit lift December 9, 2010 BRITISH packaging and office products firm DS Smith posted a 17.5 per cent rise in first-half pre-tax profit on strong volume and revenue growth at its recycled packaging business, and said it was upbeat about the second half. The company, whose customers include Procter & Gamble and Nestle, also raised its interim dividend by a [...]
CITY MOVES | WHO’S SWITCHING JOBS December 9, 2010 Adam & Company The private bank has hired Graham Storrie as managing director. He joins from parent company Royal Bank of Scotland, where he was most recently managing director of specialist advice. He brings with him over 30 years of experience in banking, investments and advice, having worked for organisations such as Standard Life, where [...]
Wolseley is confident as profits rise December 7, 2010 WOLSELEY, the world’s largest plumbers and builders merchant, posted a 39 per cent rise in first-quarter trading profit, helped by top-line growth in all regions. The FTSE 100 company said underlying operating profit rose to £159m in the three months to end-October, with like-for-like revenue up four per cent to £3.47bn. “This is a business [...]
Sberbank set for record year December 6, 2010 SBERBANK, Russia’s biggest lender, yesterday beat forecasts for third-quarter net profit, helped by a bigger loan portfolio and lower provisions, putting it on course for a record year. “We expect fourth-quarter results to be no worse than in the third quarter,” chief financial officer Anton Karamzin said on a conference call yesterday, adding full-year net [...]
WOMEN ON BOARDS: HEALTHY FOR BOYS, GIRLS AND THE BOTTOM LINE December 5, 2010 FOLLOWING the formation of the 30 Per Cent Club last month, which aims to get women filling 30 per cent of boardroom seats, shocking new research will hit City bookshelves this week, revealing what we at The Capitalist already suspected: upping the number of women in the boardroom is good for profits. The findings are [...]