Summer sunshine has helped Greene King thrive and record sales up 4.6 per cent in the first 18 weeks of its financial year. The pubs and brewery company has showed growth of 5.6% in the last 10 months.
STV is now making a comeback in the dividend list. Its shares in the Scottish broadcaster were reported to have climbed up six percent yesterday.
Chief executive of STV Rob Woodward said that the dividend's return was an evidence that the company is now doing good. The net debt of STV was also reported to have gone down 22% to £43.4m.
Imperial Tobacco Group has reported 7 percent decline in sales volume for the nine month period. However, Chief Executive Alison Cooper has informed that the company still believes that it will meet the full year sales target. The company manufactures JPS, West, Davidoff and Lambert & Butler brands which have good sales volumes.
Prudential has declared a profit of 22% in the first half, most of them received in Asia. In the domestic market, it has not been satisfactory.
"In the first half of the year, our strategy has continued to work, delivering both profitable growth and cash", said Tidjane Thiam, Prudential Chief Executive.
Better housing conditions in the U. S and Australia have helped the James Hardie profits to rise in the first quarter.
Indian IT company Tech Mahindra will declare it first quarter results today. This quarterly result will be important for the company as it is the first performance report of the company after it merged with Satyam Computers. Depending on the performance of the company, the stock could see re-rating by technical experts.
On Tuesday, industry data was released and the same has shown that a six-year-best July has been realized this time by British retailers.
It has been reported by the British Retail Consortium that they were at 3.9% higher value as compared to last year in terms of total value of retail sales. The total value is nearly twice the growth noted in the month of July last year.
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