Credit Suisse hired for AIA IPO

first_img whatsapp Show Comments ▼ KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Thursday 26 August 2010 8:55 pm Sharecenter_img Months after advising Prudential on its failed $35.5bn (£23bn) bid for AIA, Credit Suisse has been hired to help the Asian business float on the Hong Kong stock exchange. Credit Suisse joins Bank of America Merrill Lynch, Goldman Sachs, Morgan?Stanley, Citigroup and?Deutsche Bank on AIA’s initial public offering (IPO), whose basic features will be worked out over the next fortnight. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapp Credit Suisse hired for AIA IPO Tags: NULLlast_img read more

Mining boost for Australia

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL Monday 30 August 2010 9:22 pm whatsapp Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img MASSIVE gains from mining and financial firms carried Australia’s corporate profit to a record jump last quarter. Company profits rose by 18.9 per cent compared with the previous quarter to a seasonally-adjusted A$68.5bn (£39.5bn), the Australian Bureau of Statistics said yesterday. Mining profit rose 62.7 per cent on the last quarter, reflecting rising commodity prices, while banking gains increased by 28.9 per cent. Overall profit in the country’s private firms is up 27.5 per cent on the same period last year. Mining boost for Australia KCS-content Sharelast_img read more

ANALYST VIEWS: HOW LIKELY

first_img ANALYST VIEWS: HOW LIKELY More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLcenter_img whatsapp whatsapp TOM GIDLEY-KITCHIN | CHARLES STANLEYWe see C&WW’s networks and business as being attractive to a number of potential acquirers but we had not expected there would be any bid interest for another 12 months or so and that may well still be the case.WILL DRAPER | EXECUTION NOBLEA bid is likely eventually, but it probably won’t come from Singapore?Telecom – a firm with little UK business and therefore few synergies. The natural bidders for C&WW are France Telecom, Telefonica and Vodafone.MARK JAMES | LIBERUM CAPITALI think a bid is unlikely from Singapore Telecom – looking at the other acquisitions it has made, the company has sought to buy growth overseas that it is lacking domestically, and in my view C&WW cannot offer that. Show Comments ▼ Monday 6 September 2010 8:21 pmlast_img read more

Ocado

first_imgTuesday 7 September 2010 10:59 pm Share KCS-content whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLcenter_img whatsapp OCADO chiefs were yesterday upbeat about the company’s prospects and had seemingly justifiable reasons for optimism with an almost 30 per cent sales hike. But the figures cannot be looked at in isolation and come on the back of a torrid flotation which saw chief executive Tim Steiner and crew pitched against some analysts who claimed the stock was still overpriced. Indeed the way the share price has gone since the issue at a much reduced 180p would suggest that the sceptics were correct to rein in the company as it sought to bankroll expansion.The neigh sayers were again out in force yesterday helping the share price to close around 146p. Jonathan Pritchard at Oriel dismissed the stock saying: “No changes to forecasts and the fundamentals will reassert themselves. The fundamentals, from this valuation, look poor.” Meanwhile the company said it was “very focused on where it (the stock) will be trading in two or three years time, not where it will be trading at lunchtime”.However, what the stock is doing at lunchtime – and indeed next week – is being watched closely and the company cannot afford to appear aloof and dismissive if it is to build its reputation.Ocado is also facing a challenge from Morrisons which is expected to announce a foray into online retail. With the picture so mixed a “hold” as advised by Keith Bowman at Hargreaves Lansdown would appear to be the best option. Ocado Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

House prices in slim rise in September

first_img House prices in slim rise in September Show Comments ▼ House prices rose slightly in September, according to the Nationwide building society.Prices rose by 0.1 per cent last month, following a 0.8 per cent decline in August.Nationwide said that “buyers appear to have a slightly better hand than sellers at the moment”.The average house price now stands at just over £166,757, up from £166,507 a month earlier. Thursday 30 September 2010 2:52 am John Dunne whatsappcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

UK dividends bounce back at long last

first_img KCS-content whatsapp UK dividends bounce back at long last whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Tags: NULL Sunday 17 October 2010 11:15 pm UK DIVIDEND payouts bounced back in the third quarter with the forecast for the year lifted to £55.7bn.Investors had suffered five consecutive quarters of falls, according to the latest Capita Registrars Dividend Monitor.The index analyses every dividend paid in the UK market.The strong showing in the third quarter means Capita Registrars upgraded its forecast for the year by £1bn, and now expects £55.7bn in UK dividends. It still means UK companies will pay out 17 per cent less to investors than at the peak in 2008 and five per cent down on 2009.However, if BP had not been forced to cancel its dividend, the total amount returned to investors by UK companies would have risen four per cent. UK-listed companies paid out£17.6bn, up from £17.3bn in the third quarter last year.So far this year UK dividends have hit £46.1bn, down from £47.8bn for the first nine months of 2009.Capita Registrars chief executive Charles Cryer said: “Investors can finally breathe a sigh of relief after a long and painful period of shrinking dividends.“Seeing corporate UK in better health will give the Treasury some cheer ahead of the impending spending review that the economy can withstand the cuts. This year will stillend lower than last year, but with BP promising to turn on the dividend taps again next year, 2011 should see income growth accelerate.”According to the research the underlying position is strengthening. It found 200 companies paid a dividend in the third quarter – equal to last year. The number was reduced by firms who moved their third quarter payouts into the 2009/10 tax year to beat the new 50 per cent tax band. Show Comments ▼last_img read more

BMW shares fall in spite of massive profit

first_img BMW shares fall in spite of massive profit whatsapp Tags: NULL Show Comments ▼ Wednesday 3 November 2010 9:03 pm Share CARMAKER BMW reported an enormous rise in profit yesterday, due to to rocketing sales in emerging markets, though investors were disappointed with the group’s outlook for the rest of the year. The German company reported third-quarter pre-tax profit of €871m (£760.6m), up from €76m a year ago. This represents an 11-fold increase. Sales in China have almost doubled since last year, far outstripping a 1.8 per cent rise in Western Europe. UK sales of the group’s BMW, Rolls-Royce and Mini models grew 13 per cent. Overall revenue rose 36 per cent on last year to €15.9bn, and the group raised its target for auto earnings before interest and tax equivalent to more than seven per cent of revenue this year from the five per cent-plus aimed for in August.However, shares fell 1.4 per cent to €51.64 as investors had hoped for a more upbeat outlook for next year. “BMW’s Q3 numbers confirm our view that the luxury auto segment has entered a new phase of profitability and that near double-digit margins were not just a peak in Q2 but a sign of a change in underlying profitability,” Barclays Capital analyst Kristina Church wrote. center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD whatsapp KCS-content last_img read more

The broker who says small firms have to come up with big solutions

first_img whatsapp Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ Monday 3 January 2011 10:53 pm The conventional wisdom is that it is next to impossible for small firms to raise cash, but Phil Adams, chief executive at independent investment broker Altium, says that the picture is more complicated than that.“It is pretty straightforward to raise cash if you are a well-run high-growth firm expanding by around 15 per cent a year,” says the 43-year-old banker from Liverpool. “But it is harder now if you have a speculative venture or are a start up.”Adams, sitting in the firm’s bright wood-panelled ground-floor meeting room in St James’s Square, adds: “Investors also like to seem a firm that has some exposure to the fast growing markets in Asia or the Middle East. This is because the perception is that the UK and Europe will undergo years of low growth.”The banker, who caters for small and mid cap firms, adds that life in the retail industry “will remain tough” over the year ahead. However, he sees a lot of investor appetite for green energy companies or businesses with a strong ecommerce element. And indeed his bank is investing in these areas by hiring analysts and other staff to work in these sectors.Altium is a mid cap investment bank that raises cash for firms with market capitalisations of between £50m to £250m. It raised £26.5m to take restaurant chain Carluccio’s onto Aim in 2008, and advised on the £178m management buyout of drug maker Goldshield last year.The bank, which was originally created as the finance arm of private equity house Apax Partners in the early 1980s, is retained by 35 clients – including Domino’s Pizza, Irn Bru-maker AG Barr, and retailer Mulberry – and can also offer them financial modelling and debt and turnaround advice. The bank has a regional office in Manchester, and a number of European in cities such as Zurich, Munich, Madrid and Milan. Adams says the firm, which is owned by its 140 employees, turns in sales of £35m a year “in a bull market.” This dropped to around £20m in 2010, in the wake of the financial crisis, when lucrative initial public offerings (IPOs) for banks remained way off the levels seen during the boom just four years ago.Currently, the bank’s business is spilt evenly between its securities and corporate finance arms, but when cash was freer five years ago this split was two thirds/one third in favour of the securities side of the business. The banking industry, particularly at the mid cap level, is living on nervous energy, waiting for the return of the IPO market. This is because the retainers mid cap stockbrokers are paid by clients are quite small, but are accepted on the understanding that they will be allowed to take part when the firm wants to raise some cash. “We operate on success-based fees,” says Adams. “If a deal does not go ahead, we do not make any fees.”The boom times at the start of the decade allowed over 140 brokers to grow up around the Aim market alone. Many observers expected a wave of failures and consolidations in this area after the credit crunch. This has not happened, partly because of the egos and the different cultures that abound between the various brokers, making consolidation painfully hard. But there is another, more prosaic reason: a fundraising brings so much cash into a brokerage it can often survive on this cash for extended periods.Adams says: “The market is overbrokered. There is room for consolidation, but there is not much of it about. It is amazing how weaker houses can keep going. IPOs are superprofits. Firms can keep going on the back of these, even though there are fewer of them around.” Altium was itself the subject of intense merger speculation in 2007, when it came close to a deal with City rival Arden Partners. “We had reasonably meaningful discussions,” Adams admits. “But they came to nothing.” He now says that although they get approaches “the business is very much not for sale.”As an example of how weak the IPO market has been, Adams says his firm has handled 10 public-to-private deals in the last 12 months alone. He says: “You don’t see a lot of public-to-private deals when the IPO market is strong.”However, flotations at the lower end of the market may take some time to come back as investors become more discerning. During the boom years for Aim IPOs throughout much of the last decade, a number of firms came to market with leaky business models and inadequate corporate governance. Some investors paid the price. Adams admits: “A lot of stuff went out on Aim that was not of the right quality.” Some of the firms traditionally operating in the small-cap arena – the likes of Collins Stewart, Numis or Evolution – have reacted to this by trying to take on the bigger investment banks in a bid to attract blue chip clients. Collins Stewart, for instance, became the broker to its FTSE 100 client goldminer Randgold Resources in November. But Adams says Altium has instead tried to cover more of the mid cap area it already occupies. Over the last two years the business has began for the first time to raise cash for other funds, and to move into money management for wealth funds. The business has also spent the last several months trying to get approval to open offices in the Middle East.Adams says: “We have hired a guy out there and he and his team have been working on regulatory approval. We expect this to happen in the first half of next year. This will then allow us to get to the sovereign and family wealth funds out there to raise cash.”The days of IPO superprofits may be off the agenda for a while, but Adams says investors are still willing to lend cash to resourceful companies with strong business plans. He also adds: “Private equity is back in the market strongly, and are paying good prices for firms.”The figures seem to back Adams up. Last year 164 deals were completed worth £18.2bn, compared with just £4.7bn from 122 deals in 2009, according to the Centre for Management Buy-out Research, which is sponsored by Ernst & Young and Barclays Private Equity. The largest buyout deal in the UK was the £2.9bn public-to-private buyout of engineering company Tomkins by US private equity group Onex, but a flurry of smaller deals came underneath that.Sales are undoubtedly being made, but these are still way off their 2007 levels. At the beginning of 2011 the signs are that investors are not ready to swallow the riskier investments they thought little of just four years ago. The City shall soon find out whether this changes as the year progresses.CV | PHIL ADAMSAge: 43Work: Arthur Andersen as a chartered accountant for four years until 1995; joined Apax (as it was called then) in 1996; ran the firm’s Manchester office from 2002 to 2007; became UK chief executive in 2007; became group chief executive in October 2010Education: Nottingham University, where he read Classics Family: Married, four children Lives: Family home in Manchester, Hale and spends three to four days a week in London at the Landsdown HotelHobbies: Liverpool FC, tennis, running The broker who says small firms have to come up with big solutions whatsapp Tags: NULL KCS-content last_img read more

Computacenter in boost for full year

first_img whatsapp Show Comments ▼ KCS-content Tuesday 11 January 2011 7:53 pm Computacenter in boost for full year Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap whatsapp Share IT firm Computacenter – which provides services for supermarket giant Morrisons – said full-year profit would be at the top end of market expectations. The continued growth in IT services and its customers resuming spending on new equipment has helped to fuel the improving figures.The company, which also counts Lloyds Banking Group as a customer, said it was benefiting from cost cuts made in 2009, when the business slashed spending on new technology in response to the economic downturn.Chief executive Mike Norris said: “Customers are refreshing, upgrading, improving and investing in their IT infrastructures and we are well placed to meet these needs.”“In 2010 we have seen strong product revenue recovery and we anticipate that product revenue will grow steadily in 2011, subject to the overall economic environment.”The group said revenue for IT services grew six per cent, while product sales grew by 13 per cent excluding the disposal of its trade distribution arm at the end of 2009.Analysts expect the group to post a 29 per cent rise in pre-tax profit to £62.6m with a range of £61 to £66.3m. Last year the company landed a lucrative contract to move all staff at international law firm Eversheds onto iPads. The company, which is based in Hatfield, Hertfordshire, has also seen revenue rises in France and Germany as it expands its international operations. Tags: NULLlast_img read more

Asos sales beat forecasts

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share British online fashion retailer ASOS forecast year profit in line with market expectations after sales growth accelerated in its third quarter.ASOS, which targets internet-savvy 16 to 34 year old women looking to emulate the designer looks of celebrities like Kate Moss, Sienna Miller and Alexa Chung but at a fraction of the price, said on Wednesday its retail sales rose 59 per cent to £100m in the three months to 31 December.That compares with an increase of 50 per cent in its first half.The firm said UK retail sales increased 23 per cent to £56.3m, while international sales jumped 156 percent to £43.7m, helped by the introduction of United States, French and German websites in October 2010 and a free global shipping offer in the run up to Christmas.International sales now represent 44 per cent of ASOS’ sales mix, up from 37 per cent in the first half.ASOS said it remained confident about the outlook. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Asos sales beat forecasts John Dunne center_img Wednesday 19 January 2011 2:59 am Show Comments ▼ whatsapp Tags: NULLlast_img read more