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Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co
Read moreTV production company Ten Alps reported a 38.5% rise in first half pre-tax profit and said it was on track to reach full year targets. For the six-month period to 30 September 2009 pre-tax profit rose to £1.8m from £1.3m the year before. Revenue for the period was down 4.6% at £35.4m. Commenting o
Read moreTV production company Ten Alps has announced a three-year distribution deal with the BBC's main commercial arm BBC worldwide for all its broadcast factual TV content. BBC Worldwide will provide Ten Alps with development funding and will have an exclusive first option to distribute available rights
Read moreEverything is in place at Unilever to confound the cynics and show good volume growth over the next few years. The shares are yielding 4.5% and trade on a December 2009 earnings multiple of 13.5 times. Unilever is a buy says the Telegraph. Fears of a dividend cut at Imperial Tobacco are overplayed
Read moreFootsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreThe market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreLondon's blue chips have fallen sharply with the miners taking the biggest hit. Platinum miner Lonmin leads the fallers after it shut down its Number One furnace. The group's initial estimate is that a full repair of the vessel is likely to take around 30 days. Other miners are also under pressure
Read moreLondon's blue chips are expected to fall back in early dealings Monday with traders expecting a 20 point drop. Punch Taverns said it will raise approximately £350m through a placing and open offer and intends to make a tender offer to purchase any or all of its outstanding convertible bonds. The gr
Read moreTV programme maker Ten Alps achieved growth in profits and margins in line with market expectations for the year despite the tough conditions. Pre-tax profit rose 5% to £3.3m despite revenue falling 1.5% to £80.2m as operating costs came in slightly lower. The group said the good performance was
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