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Neither the declines in Yell’s H1 results nor the capital raising that was announced were any surprise. The key …
Vodafone’ H1 results showed organic declines: Organic revenue -3% Organic EBITDA -8% Organic adjusted operating profit -11.5% The impact …
Imperial Tobacco’s 10% growth in cigarette volumes for the year (in its full year results) included the effect of …
Kraft has, as expected, made a hostile offer for Cadbury. The 717p cash and shares offer is a significant premium …
Pump and valve manufacturer Spirax-Sarco has issued a trading statement very like those of other engineers who have reported recently …
Willem Buiter has great analysis of the fundamental value of gold: or rather the lack of it. He coins the …
It is not news that countries manipulate oil reserve numbers. Oil-price.net has an article on the motives for doing …
Yemeni rebels incursion into Saudi Arabia seems to have had remarkably little effect on the oil price. Is it not …
The Baseline Scenario interprets Warren Buffet’s Railway investment as a be ton commodities. It is certainly an interesting explanation …
United Business Media’s trading statement released yesterday confirmed that continued declines should be expected for the rest of the …
Tate & Lyle’s H1 results have largely been driven by commodities prices (sugar prices have been very high, while corn …
British Airways reported a pre-tax loss of £292m in the first half. Load factors, for both passengers and freight, improved …
Smith and Nephew produced low revenue growth in Q3, up just 1% at CER and down in dollar terms (the …
Tomkins’, in a statement covering the last four months, expects further declines in housing markets (it supplies a range of …
Easyjet’s latest passenger statistics show a strengthening recovery. The three percentage point improvement in load factor and the 6 …
Waste processing company Shanks, reported half year results today with a 3% decline in revenue knocking 16% off trading profit …
Non-life insurer and reinsurer Catlin’s trading statement release today was mildly encouraging. Gross premium written rose 10%, rising at …
Instrument maker Spectris announced, in a trading statement today, that sales fell 19% on an organic constant currency basis. Demand …
The Bank of England Monetary Policy Committee has voted to keep the rate it pays commercial banks on their reserves …
Process automation, rail signalling equipment and controls manufacturer Invensys reported first half results showing revenue down 13% at CER. Even …