FTSE 100 index closes higher as bank shares rise and Janet Yellen’s remarks calm markets despite the continued fall of miners February 10, 2016 The FTSE 100 index closed higher today as banks recouped some of the losses they made yesterday and US Federal Reserve chair Janet Yellen calmed markets. The index closed 0.71 per cent higher at 5,672.3 points. "Fed Chair Janet Yellen’s testimony was always going to be aimed at provoking the least reaction possible in her testimony to the House Financial [...]
Dunelm’s share price jumps as homeware chain declares special dividend February 10, 2016 Shares Dunelm have surged by as much as 10 per cent after the homeware chain posted a better-than-expected jump in first half profits and declared a £63.9m special dividend. The retailer, which has 151 stores across the UK selling everything from curtains to bed and sofas, said pre-tax profits grew by 10.7 per cent to £75.5m for the six months to 2 January [...]
Mazars revenue grows by 14 per cent for year ended August 2015, as advisory services grow by 25 per cent February 10, 2016 Mazars has today reported revenue of £149.7m in its UK business for its year ended August 2015, a rise of 14 per cent compared to £130.9m the year before. The accountancy firm also announced a boost in its profits to £28.8m, up 10 per cent from £26.2m in 2014. Phil Verity, UK senior partner at Mazars, said: "This [...]
Bank shares bounce after heavy losses, investors cheer reports of Deutsche’s emergency bond buyback plan February 10, 2016 Bank stocks have managed to recover some of their lost ground today, following massive sell offs at the start of the week sending shock waves through global equity markets. Royal Bank of Scotland has made the biggest recovery, soaring by four per cent as investors back track on yesterday’s losses. RBS was down by over [...]
Outgoing Waitrose boss Mark Price appointed trade minister for foreign office and BIS February 10, 2016 Waitrose' outgoing chief executive Mark Price has been appointed trade minister at the foreign office and the department for business, innovation and skills (BIS), the government has announced. Price will take up the role in April after the appointment was approved by the Queen today. He will replace Lord Maude who has announced plans to step down next month after [...]
Bellway on track for jump in profits after selling homes at record high prices February 10, 2016 Housebuilder Bellway has kept its shareholders happy. The company said it was on track to deliver a significant rise in sales and earnings for the first half building more homes and selling them at record prices. The family-owned company, which builds homes across the country, completed 4,188 homes in the first half of the year to 31 January, up 11.6 [...]
Greene King’s share prices bubbles up on sales rise after it shots a Spirit February 10, 2016 Greene King, the FTSE 250 listed pub operator and brewer, has served up a rise in sales for the nine months to 7 February as pub goers continue to dine out while having a pint. The brewer, having gobbled up rival operator Spirit last year for £774m, said that Christmas sales had been particularly strong, [...]
Time Warner revenues and profits up for full-year 2015 but fourth quarter not as favourable, and company agrees to increase quarterly dividend amount February 10, 2016 Time Warner has today revealed revenue of $28.1bn (£19.3bn) for its full year ended December 2015, up three per cent on the year before. The US-based media giant also reported a $6.9bn adjusted operating profit for its full year, up 19 per cent on 2014. "We had another very successful year in 2015, demonstrating once [...]
Pinewood Studios’ share price jumps on profit increase and sale consideration February 10, 2016 Pinewood, the iconic studio behind the recent James Bond and Star Wars films has sent the company’s share price soaring after announcing it could put itself up for sale to "maximise value" for shareholders. Shares are up by almost 20 per cent in mid morning trading. Pinewood has appointed investment bank Rothschild to look into [...]
Hikma Pharmaceuticals’ share price plunges on lower offer for US drugs business February 10, 2016 Hikma Pharmaceuticals’ share price plummeted 20 per cent this morning, after the drugmaker slashed its offer price for Boehringer Ingelheim (BI)’s US generic drugs division. It almost halved the cash part of its offer for Roxane Laboratories from $1.18bn (£813m) to $647m, after due diligence into the company revealed that Roxane’s 2015 revenue was likely [...]
