Breaking News in association with Money AM

Tuesday, 17th November 2009

Restaurant Group in line with sales down 3%

7:17am

Story provided by Business Financial Newswire...

Email to a friend | Permalink | Comments (0)

Mothercare group sales up 7.9% in H1

7:17am

Story provided by Business Financial Newswire...

Email to a friend | Permalink | Comments (0)

Wolseley reports sliding sales and profits

7:17am
Building materials group Wolseley said market trends and trading performance remain in line with management's expectations.

Revenue from continuing operations was down 13% to £3.395bn, or 20% in constant currency terms, and trading profit from continuing operations was down 41% to £104m, or 46% in constant currency terms, in the quarter to end-October.

Underlying trading profit was down 28%.

Profit from continuing operations before tax, exceptional items and amortisation and impairment of acquired intangibles down 45% to £76m, 50% in constant currency terms.

Net debt increased from end-July...

Email to a friend | Permalink | Comments (0)

Bovis Homes reports improving housing market backdrop

7:17am
Bovis Homes Group said in the year to 13th November, it has sustained its strong current year performance in private home reservations. Bovis said it has seen further signs of an improving market backdrop.

Bovis achieved 1,488 private reservations, some 83% ahead of the comparative figure for the same period in 2008 (811 private reservations). When combined with social housing sales and private sales held at 1st January, the Group has achieved cumulative sales of 2,178 homes (2008: 2,023 homes). Of these, and in line with the Group’s previous guidance, the Group anticipates legally completing circa 1,800...

Email to a friend | Permalink | Comments (0)

The Press Roundup

7:02am
A brief summary of Wednesday's main business news.......... Conflicting views of the battle for Cadbury and extensive coverage of GM Europe's plans, with tips for Informa and Serco.

Financial Times

Goldman apologises for role in crisis - $500m pledged to help small businesses

Deal nears to end ‘banana wars’ - Solution to 16-year dispute between Europe and Latin America

GM to slash capacity by 20% in Europe - Carmaker to eliminate up to 10,000 jobs in Opel and Vauxhall Continue reading...

Email to a friend | Permalink | Comments (0)

FTSE tipped to open slightly higher, with Experian a focus

7:02am
PRE-OPEN REPORT: Headline shares are tipped to open slightly higher today, ahead of the release of the minutes of the last MPC meeting, with Land Securities and Experian in focus as they publish interim results.

US & ASIA

In the US last night, the Dow added 30 points at 10,437, the Nasdaq Composite gained 6 points at 2,204 and the S&P500 ticked up a point at 1,110.

In Asia today, the Nikkei fell 88.41 points to 9,641.52, while the Hang Seng ended the morning off 160.16 points at 22,753.99.
...

Email to a friend | Permalink | Comments (0)