Rolls-Royce share price up following engine deal with Norwegian October 9, 2014 Shares in Rolls-Royce went up by 1.8 per cent to £9.61 in trading this morning, after Norwegian selected it to provide engines for nine more of its leased Boeing 787-9 Dreamliner aircraft. Rolls Royce Trent 1000 engines are known for their high fuel efficiency, low emissions and low noise. They are already used to [...]
FirstGroup share price falls on ScotRail contract loss – now East Coast looms October 8, 2014 Train and bus operator FirstGroup lost its 10-year contract with ScotRail north of the border yesterday, sending shares to their lowest level in over a year and piling pressure on boss Tim O’Toole. FirstGroup lost out to Abellio, which won the £2.5bn contract, a decision which the Scottish government was forced to defend yesterday [...]
Dixons Carphone expects to hit £80m cost savings faster October 8, 2014 High Street giant Dixons Carphone said yesterday it expected to reach its cost savings target earlier than previously forecast, following the £4bn merger of Dixons Retail and Carphone Warehouse two months ago. The FTSE 100 retailer said at the time of the merger it would save around £80m in annual costs from 2016–17. Speaking to [...]
Dragons Den star Peter Jones opens Jessops inside Sainsbury’s supermarkets October 8, 2014 Jessops, the camera chain brought out of administration by Dragons Den star Peter Jones last year, has opened its first store inside a Sainsbury’s supermarket. The retailer yesterday launched in Sainsbury’s superstore in Newport, South Wales, and plans to open a further two stores in Waterlooville, Hampshire, and Maidenhead, Berkshire, within months. “This is a [...]
Barclays’ Sam Dean makes speedy return to bank as chairman of global finance and risk solutions October 8, 2014 When Barclays’ head of equity capital markets Sam Dean announced he was taking a sabbatical last December it raised a number of eyebrows in the City. Dean, a highly popular and well-respected part of the Barclays team, cited family reasons for his break, but that didn’t stop the bank’s rivals from gossiping about whether the [...]
Pets at Home swaps kittens for big cats to launch its new report October 8, 2014 Team Pets At Home have embarked on a safari this morning, trekking far from their home office in Cheshire to unknown and dangerous territory – the Tiger Territory enclosure at London Zoo to be exact. While guests are tucking into a hearty breakfast, commercial director Peter Pritchard, head of pets Maeve Moorcroft and er, comedian [...]
August slowdown dampens sales but Marston’s remains on track October 8, 2014 MARSTON’S pub chain and brewer yesterday said it expected 2014 profit to be broadly in line with expectations, and added it would build at least 25 new managed pub-restaurants in the new financial year. In a full year trading update to 4 October Marston’s full-year underlying sales at its core managed pubs were up 3.1 [...]
Land Securities’ Moorgate Crossrail scheme October 8, 2014 Land Securities unveiled plans yesterday for a 500,000 square feet of office scheme above the new Crossrail station at Moorgate in the City. The developer launched a public exhibition for the scheme at 21 Moorfields and expects to submit plans next month. Land Securities has a three-year option to buy the site which expires at [...]
FirstGroup fails in bid to renew ScotRail franchise October 8, 2014 First Group will not continue to run the ScotRail route, the transport operator has announced. In a statement released this morning the company, which does business both in the UK and North America, said it was disappointed not to have retained the contract and pointed to "our record of improvement across every measurable score". The [...]
A big cheers for Marston’s as share price rises on higher sales October 8, 2014 Shares in Marston's went up by 0.5 per cent to £14.15 this morning, after it reported a strong performance for the year ended 4 October. In a trading update released in advance of its preliminary results on 27 November, the pub-restaurant retailing business said like-for-like sales were up across all its estates. It added [...]