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- Hornby Adds Corgi to Its Collection
- By Mark Potter LONDON (Reuters UK) - Hornby has agreed to buy model car maker Corgi for 8.3 million pounds to add to its stable of iconic toy brands, which include Scalextric racing cars, Airfix model planes and its eponymous train sets. The firm said on...
- News items 2008-05-01
- Aberdeen Profit 47.3 Mln pounds
- LONDON (Reuters UK) - Aberdeen Asset Management (ADN) said on Tuesday that pretax profit before exceptional items and amortisation of intangibles for the six months to end-March was 47.3 million pounds. The group also said it had agreed to acquire Goodman Property Investors for an...
- News items 2008-05-05
- Cattles Confident on 2008
- LONDON (Reuters UK) - Subprime lender Cattles (CTT) said on Friday it was confident in its prospects for the year and was no longer interested in buying a consumer finance business that it had held talks with. The company expects to get around 1 billion pounds...
- News items 2008-05-09
- Schroders First Quarter Profit More Than Halves on Writedowns
- LONDON (Reuters UK) - Fund firm Schroders (SDR) said on Thursday that first-quarter pretax profit more than halved to 42.2 million pounds after it wrote down 33.5 million pounds on investments. The company, which a year ago made a profit of 93.2 million, said it...
- News items 2008-04-24
- British Airways Hikes Fuel Surcharges
- LONDON (Reuters UK) - British Airways (BAY) said on Tuesday it was increasing fuel surcharges on all tickets issued from Friday, May 2, due to continuing high oil prices. The airline said the surcharge on short-haul flights would increase by 3 pounds per flight to 13...
- News items 2008-04-29
- Banks Ask For Their Money Back
- By Steve Slater LONDON (Reuters UK) - Not long ago many British banks were spending billions of pounds of "surplus" cash buying back their shares. Now some are asking for their money back. Britain's banks spent over 5.6 billion pounds buying back their shares in the...
- News items 2008-04-30
- BG Group Beats Forecasts on High Prices
- By Tom Bergin LONDON (Reuters UK) - BG Group (BG) beat forecasts with a 78 percent jump in first-quarter profit, powered by high gas and oil prices and rising production, as the British gas producer said it planned a $12 billion (6.1 billion pound) bid for...
- News items 2008-04-29
- RBS Rights Issue Shares to Trade May 15
- LONDON (Reuters UK) - Dealings in new shares related to Royal Bank of Scotland's (RBS) record 12 billion pounds rights issue will begin in two weeks, putting it at least a month ahead of a big fundraising by its rival HBOS. The prospectus for RBS's rights...
- News items 2008-05-01
- Car Dealer Pendragon Sees Top-of-range Results
- By Alastair Sharp LONDON (Reuters UK) - Car dealer Pendragon (PDG) expects results this year at the upper end of forecasts amid signs of improvement in its tough markets, it said on Friday. The company, whose brands include Evans Halshaw, said net profit for each new...
- News items 2008-04-25
- InterContinental Profits Up
- By Mike Elliott LONDON (Reuters UK) - InterContinental Hotels Group (IHG), the world's largest hotelier, reported a 22 percent rise in first-quarter profit and said it was well placed for further growth despite an economic downturn. The company, which operates InterContinental, Crowne Plaza and Holiday...
- News items 2008-05-07
- InterContinental Profits Up, Outlook Positive
- By Mike Elliott LONDON (Reuters) - InterContinental Hotels Group Plc (IHG), the world's largest hotelier, reported a 22 percent rise in first-quarter profit and said it was well placed for further growth despite an economic downturn. The Britain-based company, which operates InterContinental, ...
- News items 2008-05-07
- Old Mutual Sales Up 2 Percent
- LONDON (Reuters UK) - Old Mutual (OML) saw sales rise 2 percent in the first quarter, missing analysts' expectations, held back by weaker UK sales and the impact of market volatility on unit trust sales. Old Mutual (OMLJ), South Africa's largest insurer, said life insurance...
- News items 2008-05-07
- BG Says Talks With Origin Inconclusive But Ongoing
- LONDON (Reuters UK) - BG Group (BG) on Friday said discussions over its $12 billion (6.2 billion pound) bid approach to Australia's Origin (ORG) are ongoing but so far inconclusive. BG, valued at around $85 billion, said on April 30 it had approached Origin, Australia's...
- News items 2008-05-09
- Sage Says Profit Rises 9 Percent
- LONDON (Reuters UK) - Sage Group (SGE), Britain's biggest software firm, said on Thursday underlying first-half pretax profit rose 9 percent and said it was confident for the full year. The Newcastle-based company, which sells business management software and services to small and medium-sized ...
- News items 2008-05-07
- WH Smith Weathers Retail Storm
- By Chris Wills LONDON (Reuters UK) - Bookseller and stationer WH Smith (SMWH) said its town centre stores did better than expected in the first half, helped by Christmas sales of books from celebrity chef Jamie Oliver and comedian Russell Brand. The retailer, which is less...
- News items 2008-04-17
- Silverjet Avoids Collapse With Investment
- LONDON (Reuters UK) - Business class-only airline Silverjet kept itself afloat on Wednesday by securing a life-saving $25 million (12.6 million pounds) from a mystery investor, sending its shares more than 17 percent higher. The company, the last remaining premium-only airline following the recent collapses...
- News items 2008-04-30
- Co-Op Unveils Drive to Double Profits
- By Mark Potter LONDON (Reuters UK) - The Co-Operative Group, Britain's biggest mutual retailer, unveiled a 1.5 billion pound investment drive aimed at doubling profits over the next three years and said it wanted to buy rival Somerfield. "It would be a great strategic fit," Chief...
- News items 2008-04-17
- Whitbread to Expand Premier Inn and Costa Coffee Chains
- By Chris Wills LONDON (Reuters UK) - Whitbread, owner of Britain's biggest hotel and coffee-shop chains, announced long-term plans to open hundreds more Premier Inn budget hotels and Costa coffee shops as it posted forecast-topping results on Monday. Demand for frothy coffees and budget hotel rooms...
- News items 2008-04-28
- Rentokil Shrugs Off Profit Warning
- By Alastair Sharp LONDON (Reuters UK) - A management overhaul at rat-catching firm Rentokil (RTO) provided breathing space for the support services company, which issued a profit warning for its struggling parcel delivery arm on Monday. Rentokil shares were up 4.2 percent at 99 pence at...
- News items 2008-04-21
- Debenhams Blames Credit Crunch For Consumer Woes
- By Mike Elliott LONDON (Reuters UK) - Department stores group Debenhams (DEB) reported lower first-half profits ahead of consensus but warned that the outlook remained challenging as UK shoppers tighten their belts during the credit squeeze. "It is a tough market; consumer confidence is low," Chief...
- News items 2008-04-15
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