Is the commercial property market making a recovery?
Liberty International, the UK’s market leader in retail and commercial property, announced an arguably stellar set of interim results today. The property group’s results contained numerous positive nuggets signalling what could be a turnaround – albeit an admittedly fragile one – in fortunes for the commercial property market which has obviously taken a hammering thanks [...]
Anglo American announces 65% fall in profits
Anglo American PLC, the mining giant headquartered in London, announced a core operating profit of $2.054 billion (£1.2billion) for the 6 months to 30th June 2009 representing a huge 65% negative difference in profits for the same period last year. The substantial reduction in profits, blamed on a “significant decline in realised prices and lower [...]
Tricky trading conditions sees British Airways fly into the red
British Airways today announced its first quarterly loss since 1987, blaming tough trading conditions and the weakening pound. Keith Williams, the BA chief financial officer, announced revenue of £1.9billion for the 3 months to June down 12% from the same time last year. His presentation focused on the firm’s successful cost cutting programme which has [...]
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