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Tuesday 02 Dec 2008
Sports fashion retailer JD Sports has blamed strong comparatives and the weak economy for a drop in like for like sales, although it still thinks full year profits will match forecasts.
Monday 01 Dec 2008
Irish airliner Aer Lingus has rejected the €748m offer from rival no-frills airliner Ryanair, saying the offer “significantly undervalues” the group.
Monday 01 Dec 2008
Britain’s leading supermarket, Tesco, is beginning to feel the heat as competition, particularly from the deep discounters, gets tougher while consumer demand cools down.
Monday 01 Dec 2008
Telecoms giant BT has appointed Tony Chanmugam, who is known for his cost cutting initiatives, as group finance director.
Monday 01 Dec 2008
Island Oil and Gas believes it has come up with a strategy to get it through the recession and help it cope with a lack of funding from banks and institutions.
Monday 01 Dec 2008
Shares in Moss Bros dropped after the suit retailer warned on full year profits after like-for-like sales for the 18 weeks of the second half to January 2009 fell 5.2%.
Monday 01 Dec 2008
Russia’s largest food retailer X5 Retail slumped into the red during the third quarter due to the significant depreciation of the rouble versus the dollar.
Monday 01 Dec 2008
Development Securities shares fell as it revealed £52m of loan notes currently outstanding from a disposal in 2007 of a property in Colindale, North London were not paid back 28 November as expected.
Monday 01 Dec 2008
Commodities fund manager Commoditrade has acquired AMCO Management Services, the controlling partner of AMCO Commodities, a commodities fund manager, for a total cash consideration of £4m, to be satisfied as to £2m on completion and the balance payable in 4 equal instalments of the following 15 months.
Monday 01 Dec 2008
No-frills airline Ryanair has launched another all cash offer for rival Aer Lingus worth €748m, half the value of its previous offer.
Monday 01 Dec 2008
Royal Bank of Scotland, owner of NatWest, said it will not initiate repossession proceedings for six months after a mortgage customer first falls behind on payments.
Monday 01 Dec 2008
Irish food group Origin Enterprises saw group revenues increase 71.7% to €424.7m in the first quarter and said it remained confident of its prospects for the full year.
Monday 01 Dec 2008
New Star shares slumped by 45% after the fund manager’s request to have its shares suspended was denied as it continues talks with its bank syndicate.
Monday 01 Dec 2008
Capital Pub Company served up a 24% rise in half year pre-tax profit but expects 2009 to be a challenging trading environment.
Monday 01 Dec 2008
Sports marketing and management firm Essentially has warned earnings before interest, tax and amortisation for 2008 will miss forecasts as some contracts slip into next year.
Monday 01 Dec 2008
Video surveillance operator Visual Defence has cut full year revenue forecasts again and warned that operating losses for the period will be about C$4m.
Monday 01 Dec 2008
Aberdeen Asset Management saw profits creep ahead in the year ended 30 September, although gross inflows were largely offset by higher redemptions due to increased risk aversion.
Monday 01 Dec 2008
Marketing services firm Freshwater UK reported a 23% rise in annual EBITDA and upped its total dividend.
Monday 01 Dec 2008
Engineering products supplier Metalrax warned today that full year results will miss forecasts and profits may be less than a year ago due to the global economic slowdown and weak pound.
Monday 01 Dec 2008
No-frills airline Ryanair has launched all cash offer for Aer Lingus in a new attempt to gain control of its rival.