Business news in brief
Friday 28 March 1997
Sales at John Lewis were 11.7 per cent higher in the week to 22 March than in the same week last year. Sales rose 8.8 per cent in the eight- week period to 22 March. Total sales, including revenues from Waitrose, were up 8.3 per cent for the week and 6.6 per cent for the eight-week period.
World Telecom's shares reached 170p on the first day of dealing on the Alternative Investment Market, a premium of 13 per cent to the placing price of 150p. The company raised pounds 8m from the flotation which valued it at pounds 32m.
Policy Portfolio's executive deputy chairman Isaac Rubin and deputy managing director Brian Goldstein were appointed joint managing directors of the company. Sammy Rubin relinquished his executive responsibilities and is to become a non-executive director at the end of the month. The company is considering a tentative approach for the Rubin family's controlling shareholding at 130p per share.
HSBC shares fell 7p to 1,494p as the market digested news of a $1bn Brazilian bank buy and warnings from UBS that HSBC is the most exposed of the banks to fluctuations in American interest rates and the dollar's exchange rate.
L Gardner released interim results showing operating profits up over 80 per cent at pounds 1.8m. Acquisitions contributed pounds 310,000. Earnings per share rose to 8.4p from 5.8p. Non-executive chairman Mike McDonald said he anticipated growth in the core activities in the second half, which would benefit from a full six months' contribution from Sloman Engineering and the two smaller acquisitions made recently, Kaskad Engineering and TA Components.
Enviromed made a pre-tax loss in the year to September of pounds 8.2m, higher than last year. Losses per share were 34.6p, up from 33.8p last year. Chairman Ron Zwanziger said the board intended to pursue joint ventures and strategic acquisitions within Europe and elsewhere to develop the core strengths of the company.
Culinary experts in The Netherlands thought it was 'fresh' and 'tasty'
Of all the computers Apple has ever made there’s only one that Steve Jobs had to sell his car to finance
- 1 Nokia no more: Microsoft drops once-ubiquitous mobile name – in favour of its Lumia brand
- 2 Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 NHS staff banned from drinking tea or coffee on the job because it looks like they're not working hard enough
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Isis releases first video showing the stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Ottawa shootings: Terror strikes Canadian capital as attacks leave one soldier and one suspect dead
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
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