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  • Tuesday preview: Tesco, Thomas Cook

    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.

  • BT appoints Chanmugam as new FD

    Monday 01 Dec 2008

    Telecoms giant BT has appointed Tony Chanmugam, who is known for his cost cutting initiatives, as group finance director.

  • Island Oil outlines survival plan

    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.

  • Moss Bros falls on profit warning

    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%.

  • X5 Retail takes Q3 loss

    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.

  • Development Securities faces possible £52m disposal default

    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.

  • Small caps round-up: Commoditrade, DCD Media, Sirius Real Estate...

    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.

  • Update: Ryanair launches another Aer Lingus bid

    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.

  • RBS offers six-month repossession delay

    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.

  • Origin first quarter above expectations

    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.

  • Update: New Star suspension request denied

    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.

  • Capital Pub Co profit swells 24%

    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.

  • Essentially prepares for profit miss

    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.

  • Visual Defence drops sales forecast again

    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.

  • Update: Profits up a fraction at Aberdeen Asset

    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.

  • Freshwater FY EBITDA rises 23%

    Monday 01 Dec 2008

    Marketing services firm Freshwater UK reported a 23% rise in annual EBITDA and upped its total dividend.

  • Metalrax warns on year

    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.

  • Ryanair launches new bid for Aer Lingus

    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.

  • EMED pleased with Slovakian drilling

    Monday 01 Dec 2008

    Europe and Middle East focused miner EMED Mining said results at its Biely Vrch porphyry gold deposit in Slovakia indicate a deposit containing around 1.2m ounces of gold.

  • FSA closes London Scottish Bank

    Monday 01 Dec 2008

    Struggling consumer finance group London Scottish Bank has gone in to administration after the Financial Services Authority stopped it accepting new deposits.

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