Wednesday tips round-up: Enterprise Inns, Serco, Wellstream
18th Nov 2009 06:36
It has been a fairly depressing year for the pub industry and one of the sector's biggest operators, Enterprise Inns, did little to lift the gloom yesterday. The UK's second-biggest pub operator, which has 7,399 leased and tenanted pubs, said pre-tax profits tumbled by 95% to £11m for the year to
Read moreWednesday tips round-up: ARM, Reckitt Benckiser, Cineworld
28th Oct 2009 05:56
ARM Holdings cheered investors yesterday when it outstripped consensus estimates on its profits before exceptional charges at a time when the semi-conductor sector is suffering as a result of massively reduced demand for gadgets and consumer electronics. The company has also increased its margins b
Read moreCineworld total sales rise 6.5%
27th Oct 2009 07:48
Cinema operator Cineworld said total revenues rose 6.5% in the 43 weeks to 22 October 2009 and added that the final quarter has a promising film line up that includes "Sherlock Holmes" and "A Christmas Carol". The strength of the group's box office revenues, up 10.9% year on year, has underpinned C
Read moreFriday tips round-up: Rio Tinto, ENRC, SIG
21st Aug 2009 06:13
Rio Tinto's earnings were hit in the first half with big losses in aluminium and diamonds while iron ore and copper profits were scythed. But Rio is cutting $1 billion in costs from its aluminium portfolio and the iron ore JV should deliver more cost savings. If you have a patient long-cycle view of
Read moreLondon close: Blue chips at 10½-month high
20th Aug 2009 16:28
A brace of better than expected US data reinvigorated markets early afternoon Thursday, helping London close at it highest since early October. The Philadelphia Fed manufacturing index rose to +4.2 in August from -7.5 in July, while the Conference Board's index of leading economic indicators rose 0
Read moreLondon afternoon: Prices bubble over
20th Aug 2009 14:14
Equity prices came off the top over the lunch-time session but remain firmly in the blue, albeit in thin trade, largely due to the strength of miners. Mining giant Rio Tinto is higher despite seeing profits falling by more than half in the six months to June 30 as it felt the impact of sharply lowe
Read moreLondon midday: Retail sales give a boost
20th Aug 2009 12:10
July's retail sales figures have given a lift to an already buoyant equity market. Figures revealed sales grew 0.4% from June, putting the annual increase to 3.3%, the highest since May 2008. Economists had predicted a rise of just 0.2% for July following June's 1.2% gain and a 2.7% year-on-year imp
Read moreLondon open: Decent gains posted
20th Aug 2009 08:23
Decent gains posted by Footsie after the open with the early pacesetters financials, especially banks, and miners. Mining giant Rio Tinto is higher despite seeing profits falling by more than half in the six months to June 30 as it felt the impact of sharply lower commodity prices amid tough econom
Read moreCineworld H1 profit lights up
20th Aug 2009 07:29
Cinema operator Cineworld served up an increase in half year pre-tax profit and said the second half has started very well. Profit before tax increased to £11.6m for the 27 week period ended 2 July 2009 from £8.7m the year before. EBITDA was up 12.1% to £24.1m while revenue for the period was up 18
Read moreSunday's newspaper round-up: BAT, bonus culture, Pearl
16th Aug 2009 14:04
Richard Burrows, a former governor of the Bank of Ireland, is to take on one of the most powerful roles in British business. He is to become chairman of British American Tobacco, says the Sunday Times. The scale of the resurgent bonus culture at Britain's banks has been laid bare by Office of Natio
Read moreFriday tips round-up: Greene King, Game, Wellstream
3rd Jul 2009 06:43
Greene King, the pub operator and brewer, reckons it is in a much better position than many of its rivals. The group issued its full-year numbers yesterday, saying that profits fell by 15%, which beat most analysts' expectations and led to a 3% rise in the share price. It is certainly one of the mo
Read moreBlockbusters boost Cineworld
1st Jul 2009 08:30
A string of blockbusters helped cinema operator Cineworld shrug off a weak advertising market to enjoy healthy trading in the first half of 2009. In addition to Slumdog Millionaire, which grossed in excess of £31m in the UK and Ireland, notable films included Star Trek, Transformers and X-Men. Fo
Read moreThursday's newspaper round-up: Vauxhall/GM, banks, Astra
28th May 2009 06:38
Lord Mandelson, the Business Secretary, has secured pledges from each of the three main potential bidders for Vauxhall to safeguard the vast majority of the carmaker's 5,000 British workers, it emerged last night, reports the Times. The Telegraph says talks over the fate of General Motors' European
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