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Fuller Happy With “Resilient” Performance
London Pride firm Fuller, Smith & Turner today said interim profits fell 6% to GBP12 million during a challenging period for the pub and brewing industry. West London-based Fuller described its performance as “resilient”, particularly its 2.3% improvement in like-for-like sales at its managed pubs and hotels arm. Overall revenues from 360 pubs, six hotels and the [...] -
Woolworths Talks Go Critical; Report
Efforts to rescue the stores arm of Woolworths are close to collapse after the retailer’s lenders refused to sign up to a deal, the Daily Telegraph reported today. Talks involving a syndicate of lenders were said to have gone on into the night after the retailer confirmed on Wednesday it was in talks over a possible [...] -
Small Caps Down 1.1% Early
The FTSE Small Cap index fell 1.1 percent early on, while the blue chips dropped nearly 2 percent, and the mid caps shed 2.6 percent. The FTSE Developed European Small Cap index fell 4.3 percent, while the FTSEurofirst 300 was off 3 percent. Protherics fell 2.2 percent after the biotechnology company said half-year revenues increased by [...] -
£ Under Pressure Again As UK Retail Sales Loom
Sterling weakened against the euro and dollar on Thursday, back under selling pressure after a few days of recovery as dealers expected a report later in the day will show a steep fall in UK retail sales. October retail sales figures are expected to show a fall of 0.9 percent on the month, yet more evidence [...] -
World Shares At 5-1/2 Year Lows On Economy Fears
World stocks dropped to 5-1/2 year lows and oil hit 22-month troughs as investors reacted to dire Federal Reserve warnings on the economy and fears about the viability of major U.S. auto makers and bank giant Citigroup. Federal Reserve officials slashed economic growth forecasts through 2009, with the lower range of the Fed’s central tendencies [...] -
FTSE Slides As Demand Worries Knock Commodities
The UK’s top share index fell 1.8 percent early on Thursday as a raft of weak data led to a rout in Asian and U.S. stocks, undermining already shaky confidence, with commodity stocks hit by a slide in raw material prices. By 0900 GMT the FTSE 100 had fallen 68.94 points to 3,938.17, after falling 4.8 [...] -
More Falls For Oil Prices
Oil prices fell to another near two-year low today as traders predicted the economic downturn would hit demand. Light, sweet crude on the New York Mercantile Exchange - the benchmark price - was down 92 cents to 52.70 US dollars a barrel in Asian trading. London Brent crude was more than 1% lower at 51 US [...] -
RBS Shareholders Vote Today On £20b Bail-Out
Shareholders in Royal Bank of Scotland (RBS) will today vote on a GBP20 billion bail-out plan which could put nearly 60% of the company in public hands. RBS - one of the worst hit by the banking turmoil - has called a general meeting in Edinburgh to approve the rescue. The bank is bolstering its finances [...] -
Using Financial Advice Could Save You £700p.a.: Research
Consumers could save an average of more than GBP700 each a year after receiving just one hour’s worth of financial advice, research showed today. A team of financial advisers has been visiting the residents of the grade-two listed Keeling House in Bethnal Green, East London, to see how much difference they could make to people’s finances [...] -
Halfords On Track To Meet Profits Target Despite Sales Drop
Car parts and bicycles chain Halfords today said it remained on track to meet profit targets, despite a further slowdown in sales in recent weeks. The group reported pre-tax profits of GBP49.1 million for the 26 weeks to September 26, an increase of 3.2% on a year earlier after efforts to boost margins offset a 1.1% [...]
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