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Company News

Update: Stagecoach profit up, to cut jobs
Wednesday 03 Dec 2008
Bus and train operator Stagecoach reported a rise in first half pre-tax profits but said it is planning to cut jobs and is likely to see downward pressure on 2009/10 rail profits.
Melrose sets production guidance for 2009
Wednesday 03 Dec 2008
Oil explorer Melrose said its production guidance for 2009 reflects its strong asset base although net entitlement volumes will be lower than 2008 due to the shutting of the Galata field.
Shaftesbury profits down as property prices fall
Wednesday 03 Dec 2008
Shaftesbury, which owns a portfolio of over 400 properties in London's West End and Covent Garden, saw adjusted diluted net asset value slump 25% in the year due to falling property prices.
Coffee Republic narrows losses, debt free
Wednesday 03 Dec 2008
Coffee chain operator Coffee Republic said it reduced half year operating losses and following a share placing is now bank debt free.
Anglo Irish scraps dividend
Wednesday 03 Dec 2008
Property-focused Irish bank Anglo Irish scrapped its final dividend after taking a €500m impairment provision that cut annual profits by more than a third.
DS Smith profits slide on slowdown
Wednesday 03 Dec 2008
Packaging firm DS Smith profits slid for the half year as it saw a slowdown in demand across all its markets and said action is being taken to cut costs and contend with the challenging conditions.
Stagecoach expects pressure on rail profits
Wednesday 03 Dec 2008
Bus and train operator Stagecoach reported a rise in first half pre-tax profits but said it is likely to see downward pressure on 2009/10 rail profits.
AG Barr sales make good progress
Wednesday 03 Dec 2008
Irn Bru maker AG Barr posted strong growth over the three months to October though the soft drinks group is more cautious going forward.
Sage profits up
Wednesday 03 Dec 2008
Software firm Sage posted a rise in full year profits despite challenging market conditions that saw markets weaken in the UK and North America.
BHP cuts manganese production
Wednesday 03 Dec 2008
BHP Billiton said it is temporarily cutting manganese production at its 60% owned Samancor operation due to weak market conditions, reducing ore production by about 21% and alloy production by about 23% in the 2009 financial year.
Big stakeholders eye up Irish Continental
Tuesday 02 Dec 2008
Long time bid target Irish Continental could finally be about to be taken over after it emerged that two large stakeholders are discussing a full bid for the company.
Wednesday preview: Sage, Stagecoach
Tuesday 02 Dec 2008
Shares in business software giant Sage Group were sharply lower on Tuesday, the day before the company declares results, even though the management said back in August that it expected full-year figures to be in line with forecasts.
London Scottish Bank receives interest, says administrator
Tuesday 02 Dec 2008
The administrators of lender London Scottish Bank said potential buyers have expressed an interest in the bank, including its profitable debt collection arm.
Stobart to acquire Southend airport
Tuesday 02 Dec 2008
Trucking group Stobart has agreed to acquire London Southend Airport for up to £21m and said it will raise £11.5m through a share placing.
Debenhams to hold another "bonanza" sale
Tuesday 02 Dec 2008
Department stores group Debenhams is to hold its second three-day "bonanza" sale as the battle for consumers' cash intensifies among the high street giants.
BA in merger talks with Australia's Qantas
Tuesday 02 Dec 2008
Shares in British Airways jumped after the airline said it is in merger talks with Australia's Qantas Airways.
Warner Estate sells Dutch site
Tuesday 02 Dec 2008
Warner Estate has sold Hazeldonk 6710 in Breda, The Netherlands to a private Dutch investor for €7.1m.
Update: Game sales slow, FY on track
Tuesday 02 Dec 2008
Computer and video game retailer Game saw sales growth slow but said its customers remained ‘relatively resilient’ as it reiterated its full-year guidance.
Update: Toughest conditions for Telford Homes
Tuesday 02 Dec 2008
The housing market slump has forced property developer Telford Homes to axe the dividend and warn that uncertainty about whether pre-sold homes will complete may hit full year figures.
HSBC to axe 500 in UK
Tuesday 02 Dec 2008
Banking giant HSBC confirmed today that 500 jobs will go in the UK following "a review of the business and current economic conditions".

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