Tuesday preview: Whitbread, Ocado, Retail Sales Monitor
6th Sep 2010 16:22
Costa Coffee and Premier Inn owner Whitbread issues an interim management statement on Tuesday covering its second quarter. Broker Panmure Gordon thinks "the risk to forecasts clearly lies on the upside given the strong momentum established in the first quarter, positive industry data points and co
Read moreGETECH chairman buys
30th Jul 2010 17:18
Peter Stephens, the chairman of oil exploration data services provider GETECH Group, has bought shares for the fourth time in four months. Yesterday, AIM-quoted GETECH said trading continues to recover in the second half. Management expects to report an operating profit in the six months to July 2
Read moreAAC Sells Stake In TGI Friday's UK To Joint Owner Carlson
29th Jul 2010 15:17
LONDON (Dow Jones)--AAC Capital Partners has sold its majority stake in U.K. restaurant chain T.G.I. Friday's to joint owner Carlson Restaurants in a deal that values the company at GBP60 million, Carlson announced Thursday. AAC, formerly the buyout arm of Dutch bank ABN Amro Holding NV, partner
Read moreLondon close: Lead slashed as miners fail
27th Jul 2010 16:37
A big chunk of the morning's hard-fought gains went up in smoke late in the session as an early rally on Wall Street quickly turned into nothing. Miners were the main culprits. All the big guns gave back big leads mid-afternoon following stronger-than-expected US home-price data that helped the dol
Read moreLondon afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreLondon midday: Shares edge higher
27th Jul 2010 11:56
London's blue chips are still edging higher, with banks leading the way after Swiss peer UBS beat earnings estimates. Barclays, Lloyds and Royal Bank of Scotland are the top risers in the FTSE 100. Net profit at UBS in the second quarter came to 2bn Swiss francs from a loss of 1.4bn francs last tim
Read moreMARKET TALK: BarCap Starts Accor At EqualWeight
5th Jul 2010 11:15
1015 GMT [Dow Jones] Barclays Capital initiates coverage of Accor (AC.FR) with an equalweight rating and EUR28 target after the separation of some operations into a new listed company. Recovery of revenue per available room is now the single most relevant factor for the share price, says BarCap. It
Read more3rd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 17:10
(Adds details, comment.) By Michael Carolan and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, as it becomes the latest U.K. company to use unusual assets to solve pens
Read more2nd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 13:28
(Adds detail and comment.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, in the latest example of companies using existing assets to solve pension headaches.
Read moreUPDATE: Diageo To Use Maturing Whisky To Plug Pension Gap
1st Jul 2010 11:09
(adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring more than 2 million barrels of its maturing whisky to its pension fund as it seeks to plug its GBP862 million pension deficit. The company
Read moreDiageo To Use Maturing Whisky To Plug Pension Gap
1st Jul 2010 07:48
By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring some of its maturing whisky assets to its pension fund as it seeks to plug its GBP862 million pension deficit. The company said in a a statement it has agree
Read moreMARKET TALK: Credit Suisse Cautious On Accor
29th Jun 2010 08:32
0732 GMT [Dow Jones] Credit Suisse remains cautious on Accor (AC.FR), ahead of Edenred's demerger, on the company's growth strategy and restructuring plans, noting lower visibility compared with Whitbread (WTB.LN) and lower-quality profile compared with Intercontinental Hotels. Keeps neutral recomme
Read moreinside-analytics.com / Weekly Top 10 European Insider Transactions
28th Jun 2010 08:20
inside-analytics.com / Roundup for the largest European Directors' Dealings for the reporting week from 20 to 27-June-2010 Top 10 Largest Directors' Purchases: 1) NEXE GRUPA D.D. Insider: Ergovic, Ivan Insider Relation: Chairman of the Management Board Transaction Date: 24-June-2010 Transaction V
Read morePost-results buying from Kesa directors
24th Jun 2010 16:44
Seven of the eight directors of consumer electronics retailer Kesa Electronics have bought shares following yesterday's full year figures. The biggest purchases were by chief executive Thierry Falque-Pierrotin, chairman David Newlands and finance director Dominic Platt. Falque-Pierrotin bought 100
Read moreLondon close: US housing data hits shares
23rd Jun 2010 17:03
Disappointing housing data from the US endured that London's leading share index finished firmly in the red. Shares were already sluggish, but turned sharply lower after new home sales in the US dropped 32.7% in May to 300,000 annual rate, the lowest level since recordkeeping began. In the mining
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