14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 9 of 141.
“Sony, which competes with Samsung Electronics in LCD TVs and Canon in digital cameras, forecast an operating loss of 110 billion yen (£750m) for the business year to March 2010.”
“Sony, led by Welsh-born chief executive Sir Howard Stringer, also said it suffered a £685m loss last year.”
“Sony said yesterday it would close a number of its 57 manufacturing sites this year and stood by its plan to slash more than £2.1bn in costs this financial year.”
“At the close the FTSE 100 was up 2.56 points at 4,328.57”
“rallying slightly after hitting a six-week closing low on Monday when it shed 2.6 per cent”
“The index has surged 25 per cent since hitting a six-year trough in March”
“but is still down 1.9 per cent for the year to date”
“Defensive favourite Vodafone added 1.6 per cent”
“while pharmaceutical giant GlaxoSmithKline and British American Tobacco both gained 0.7 per cent”
“The Office for National Statistics said consumer prices rose 0.6 per cent on the month in May, taking the annual rate to 2.2 per cent from 2.3 per cent in April”
“BT Group was the biggest FTSE 100 gainer, up 8 per cent after Morgan Stanley upgraded the telecoms carrier to “overweight””
“Tesco gained 1.5 per cent after Britain’s largest retailer issued a solid trading update, posting an in-line 9.7 per cent rise in first-quarter UK sales”
“J Sainsbury, set to issue a trading update for the first quarter today, gained 1.1 per cent”
“while supermarket chain Wm Morrison firmed by 0.6 per cent”
“Also on the high street, Argos owner Home Retail Group saw good demand, rising 1,7 per cent as HSBC anlaysts upped their rating to “neutral” from “underweight””
“BG Group lost 2.2 per cent”
“while BP shed 0.2 per cent”
“and Royal Dutch Shell slipped 0.1 per cent”
“Rio Tinto was the biggest FTSE 100 faller, down 2.5 per cent after the firm said it expects weak commodity markets to continue to hit its bottom line as it launched a $15.2bn rights offer, the world’s fifth-largest ever share issue”
“five or six leagues”
“two Melbourne franchises merged”
“$1.6bn sale”
“one of two franchises to be flogged in recent months”
“The float, which raised a whopping $75bn (£56bn), included millions of shares allocated to UK retail investors thought to be worth around £271m, with many investors seeing their requested allocation cut back due to high demand.”
“Peel Hunt reported a 57 per cent surge in revenue to £143.5m for the year to end March”
“after its investment banking arm cheered a more than doubling in turnover on the back of deal fees collected from its M&A practice.”
“The London-based business turned around its loss from last year to deliver a pre-tax profit of £21.1m”
“and issued a final dividend of 4.9p.”
“The AIM-listed investment bank said it counted 62 members of the FTSE 350 as clients”
“with the average market cap across its client base jumping by more than 30 per cent to £1.1bn.”
“Peel Hunt shares rose 3.1 per cent to 99.5p.”
“The stock is up by 13.1 per cent over the past twelve months.”
“Boots owners are weighing up a £7.5bn sale which would dash hopes of a London listing and deal another blow to the UK’s stock exchange.”
“Sycamore Partners, the private equity firm which bought Boots’ parent company for $23.7bn last year, has been in talks with a number of suitors since before Easter.”
“American pharmacy Walgreens acquired a 45 per cent stake in Boots in 2012 and later made the firm a subsidiary of the Walgreens Boots Alliance.”
“Sycamore, which acquired Walgreens Boots Alliance for $23.7bn last year, has reportedly been in talks with the Canadian branch of the Weston family, the billionaires behind Associated British Foods.”
“Sycamore is reportedly also facing interest from Australian-listed Sigma Healthcare, which is valued at £18bn and is further international expansion.”
“The London float could have valued Boots at around £7bn, and is reportedly the option still preferred by the chemists’ owners.”
“On Tuesday, the company revealed its pre-tax profit jumped by 25 per cent to £337m in the year to August, ahead of its private takeover.”
“Retail sales jumped by nearly six per cent as revenue grew by three per cent to £7.5bn.”
“Shares in Currys sank by 11 per cent after Baldock’s departure from the tech retailer was announced in March, leaving behind a broadly praised turnaround of the business.”
“Margins at the group continue to be under pressure, with Duddy forecasting margins will drop by 2.5 percentage points due to promotional activity.”
“In April Home Retail unveiled annual results showing an operating loss of £402m due to goodwill writedowns of £694m.”
“Barclays has taken control of its global headquarters based out of Canary Wharf in a £750m deal hailed as a “strong endorsement” of the financial district and the capital itself.”
“The blue-chip lender has entered a long-term leasehold interest agreement with Canary Wharf Group that grants the bank to use the property – based at One Churchill Place – for up to 999 years.”
“The deal is expected to be neutral to the bank’s CET1 ratio, a key metric for a lender’s financial health.”
“INDEPENDENT stockbroker Charles Stanley yesterday posted a 24.4 per cent decline in full-year underlying pre-tax profit”
“funds under management fell 18 per cent to £9bn”
“revenue fell by 3.6 per cent to £101.8m”
“For the full year ended 31 March, the broker posted an underlying pre-tax profit of £9.3m, compared with £12.4m a year ago”
“Private client income was up nearly one per cent to £84.5m”
“the company raised its final dividend to 6.65p per share from 6.50p”
“McCann, who has a 171p price target on the stock”
“Shares of Charles Stanley have gained 56 per cent in the last three months, outperforming the FTSE Small Cap Index, which has gained 41 per cent during the period”
“But yesterday its shares fell five per cent to 238p”
“once held the Guinness World Record for selling the biggest ever life insurance deal (£100m to David Geffen)”
“he says Rosengard grabbed a piece of scrap paper with “£1,000,000” written on it and asked him what it said. “One million pounds,” he replied. “I paid that out to someone yesterday – sounds good, right?””
“11 per cent gain on the year at around 190p.”
“shed more than half of its value since its pandemic-era highs, where it surged above 430p in June 2021.”
“leave interest rates unchanged at 3.75 per cent”
“official reading of 2.8 per cent in CPI inflation”
“3.3 per cent forecast by the Bank”
“Brent Crude oil price has now fallen below $78 per barrel despite a previous high of $114 per barrel”
“two-year gilt yields were at 4.13 per cent”
“which represents at least one 25 basis point hike”
“cutting to three per cent next year”
“two Bank of England officials could back a 25 basis point hike”
“the consumer prices index (CPI) showing a reading of 2.8 per cent.”
“Core inflation, which strips volatile energy and food prices, was 2.6 per cent”
“services inflation, closely monitored by Bank of England rate-setters for evidence of wage pressures, jumped from 3.2 per cent to 3.7 per cent.”
“Economists have said inflation could be near four per cent later this year and at the beginning of 2027.”
“The Bank has warned that inflation could get to six per cent in the worst case scenario.”
“Capital Economics chief UK economist Paul Dales said inflation would rise over the next nine months though a recent fall in the oil price means it may not exceed four per cent.”
“Andrew Griffith, the shadow business secretary, warned that higher business costs of as much as nine per cent “means either higher prices are coming to the high street, more firms closing with the loss of jobs, or both”.”
“In the worst case, however, interest rates could jump back up to the previous high of 5.25 per cent.”
“Two out of nine economists on the Shadow MPC said interest rates should be hiked due to the price risks faced by the UK economy over the coming months.”
“The fund, which has fallen just short of its $500m (£308m) target, will look for investment opportunities in the telecoms and technology sectors.”
“Balderton founder Barry Maloney is expected to announce imminently that he has closed the fund to new investment having raised $485m – just three per cent off target.”
“800 risk professionals were asked if the credit crunch had been good for them in terms of career advancement and remuneration – and 63 per cent said that it had.”
“some salaries are going up by as much as 10 per cent.”
“from the latter part of this year and into 2010, recruitment activity is likely to rise heavily.”
“public sector spend on IT estimated at £21bn”
“moratorium on IT projects over £1m”
“The spend, 15 years on, is estimated to be in the region of £26bn”
“£240m ministry of defence contract”
“£10bn annual government cloud spend”
“March 2026 HMRC contract with Amazon Web Services, a sole bidder for a 10-year, £472m deal”
“The Australian pharmacy firm’s share price jump on Monday – up more than six per cent to 2.8 Australian dollars (£1.48) – suggests investors saw its potential acquisition of Boots as a “bullet dodged,” Mould said.”
“It emerged in April that the pharmacy and retailer had hired advisers to get the firm into shape ahead of a potential London, which could notch a value as high as £7bn.”
“Boots turned a pre-tax profit of £337m in the year to August last year, according to its most recent corporate filing, up 25 per cent from the previous year.”
“It was later bought by US pharmacy titan Walgreens before its parent company was snapped up last year by private equity firm Sycamore Partners for $23.5bn, who then spun Boots out as a standalone company.”
“The transaction adds 31 CLOs representing more than $5 billion of assets under management and increases assets managed by Clearlake Credit to approximately $39 billion across liquid credit, private credit, and other customized credit solut…”
“He has since rowed back from these remarks, having committed during the campaign to retain Rachel Reeves’ fiscal rules, which include putting the current budget on course to be in balance or surplus within three years.”
“helping parent group Kingfisher report a 40 per cent jump in profits yesterday.”
“The retailer said that profits in the 13 weeks to May 2 were £128m”
“smashing analyst expectations, which were around £34m lower.”
“doubling profits at B&Q to £58m.”
“Kingfisher’s results were again dragged down by its Chinese arm, where losses widened by 25.7 per cent to £14m.”
“analysts were more optimistic, with many issuing upgrades of seven to eight per cent on the stock.”
“In Reeves’ first Budget, the salary threshold for employer NICs was lowered to £5,000 while the tax rate was increased to 15 per cent from 13.8 per cent. The policy raised £25bn altogether.”
