Thursday 02 Feb 2012
Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.
Thursday 02 Feb 2012
Food and support services firm Compass says that is has had a good first quarter and its expectations for the full-year remain unchanged, despite experiencing a continuing challenging macroeconomic environment in Europe.
Thursday 02 Feb 2012
Pharmaceuticals giant AstraZeneca has reported a strong rise in earnings in 2011 but, in an attempt to "enhance productivity" and reduce costs, the company has revealed it will by making 7,300 job cuts.
Wednesday 01 Feb 2012
The financial services sector was given a lift today by well-received statements from inter-dealer broker ICAP and stockbroker and wealth manager Brewin Dolphin.
Wednesday 01 Feb 2012
The former chairman of the fashion retailer New Look has said the high street is in an "death spiral" and has recommended re-classing empty shops for residential use. Phil Wrigley, the chairman of the retailer Majestic Wine, also criticised the recent report on the high street by Mary Portas, the self-styled Queen of Shops, as the "right diagnosis, wrong prescription". His views, based on nearly
Wednesday 01 Feb 2012
The financial services sector was given a lift today by well-received statements from inter-dealer broker ICAP and stockbroker and wealth manager Brewin Dolphin.
Wednesday 01 Feb 2012
Mining firm Noventa says that operations have suffered from a "plague" of beetles as a result of tropical storms which have hit the firm's Marropino site in Mozambique over the past 10 days. The Rove Beetle is very poisonous and around 30% of the workforce at Marropino have been affected by the severe skin and eye irritations caused by coming into contact with the insects. The firm was keen to
Wednesday 01 Feb 2012
Gains were extended by lunchtime after Eurozone manufacturing data suggested that the region may escape a recession. Financials were putting in a strong performance in London, led by ICAP which was rising over 7% at the midday mark.
Wednesday 01 Feb 2012
Nomura has maintained its buy rating on pay-TV and broadband supplier British Sky Broadcasting (BSkyB) after yesterday's results showed strong growth in products and higher-than-expected earnings.
Wednesday 01 Feb 2012
US industry veteran John Walden has been given the tough task of turning around the fortunes of Argos, the struggling retail brand owned by Home Retail Group.
Tuesday 31 Jan 2012
US industry veteran John Walden has been given the tough task of turning around the fortunes of Argos, the struggling retail brand owned by Home Retail Group.
Tuesday 31 Jan 2012
Chip designer ARM Holdings proved to be the day's big faller, pulling back after yesterday's well-received results. The Financial Times' Lex column is today singing the virtues of ARM's "strong fundamentals", but adds that the company's valuation, at 47 times expected earnings, is "through the roof."
Tuesday 31 Jan 2012
Trading profit margin recovered at Smith and Nephew in the fourth quarter as the medical devices maker boosted revenue and cut costs.
Tuesday 31 Jan 2012
-Output and new business both decline for a third month in succession -HSBC
Tuesday 31 Jan 2012
Groceries delivery firm Ocado soared into pole position, extending gains made yesterday when it reported that gross sales, which include revenue plus value added tax (VAT) and marketing vouchers, rose 16.6% in the 52 weeks to November 27th to £642.8m from £551.1m the year before.
Tuesday 31 Jan 2012
US equities are now being called to rise slightly following the announcement of the European Union’s ‘fiscal compact’ last night, and despite some mixed company earnings reports this morning.
Tuesday 31 Jan 2012
Nomura has maintained its neutral rating and 580p target price for chip designer ARM Holdings, but acknowledged that the group's fourth quarter results indicated a "strong beat".
Tuesday 31 Jan 2012
A fall in sales at supermarket giant Tesco has seen the company's market share fall below 30% for the first time in almost seven years, according to data unveiled on Tuesday.
Tuesday 31 Jan 2012
Mortgage approvals rose to a 24-month high in December, according to the Bank of England, but experts were quick to point out lending remains historically low.
Tuesday 31 Jan 2012
Groceries delivery firm Ocado rose strongly after saying its sales growth in 2011 outdid others in the sector, while top-line growth in 2012 should accelerate once its sorts out its capacity constraints. The group reported today that gross sales, which include revenue plus value added tax and marketing vouchers, rose 16.6% in the 52 weeks to November 27th to £642.8m from £551.1m the year before.
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