Costas's Feed
Aug 20, 2014

New and premium models boost UK car exports to best-ever July

LONDON, Aug 21 (Reuters) – Britain enjoyed its best July on
record for car exports, an industry body said on Thursday, as
production rose by nearly 3 percent year-on-year thanks to new
models and strong sales of top-end vehicles.

Britain built nearly 103,000 cars for export, the highest
ever for a month of July according to the Society of Motor
Manufacturers and Traders (SMMT), whose records date back to the
1920s.

Aug 18, 2014

Bovis Homes stays on track with 150 pct profit leap

LONDON, Aug 18 (Reuters) – British housebuilder Bovis Homes
is on track for a significant rise in full-year profit,
it said on Monday after a record number of completions and
improved operating margins boosted first-half earnings.

The company had virtually hit its 2014 sales target of 3,650
homes by the half-year mark and said it expects to achieve
full-year profit in line with market forecasts. Thomson Reuters
data shows that analysts expect a 60 percent rise in Bovis’s
full-year operating profit.

Aug 13, 2014

Car dealership Lookers sees full year pretax profit over 60 million pounds

LONDON (Reuters) – Britain’s fourth largest car dealer Lookers (LOOK.L: Quote, Profile, Research) said it expected to post a full-year pretax profit over 60 million pounds, above market expectations, after it saw a surge in first-half profits spurred on by record sales.

The firm, which sells nearly 120,000 new and used vehicles in Britain every year, reported adjusted pretax profit of 40.2 million pounds in the six months to 30 June 2014, up 36 percent.

Aug 13, 2014

Car dealership Lookers sees FY pretax profit over 60 mln stg

LONDON, Aug 13 (Reuters) – Britain’s fourth largest car
dealer Lookers said it expected to post a full-year
pretax profit over 60 million pounds, above market expectations,
after it saw a surge in first-half profits spurred on by record
sales.

The firm, which sells nearly 120,000 new and used vehicles
in Britain every year, reported adjusted pretax profit of 40.2
million pounds ($67.58 million) in the six months to 30 June
2014, up 36 percent.

Aug 12, 2014

UK politicians ‘terrified’ of military intervention in Iraq -ex-general

LONDON (Reuters) – The British government is “terrified” of intervening militarily in Iraq ahead of elections due next year and is happy to posture rather than take real action, an ex-senior general who previously helped lead NATO missions said on Tuesday.

Islamic State insurgents – radical Islamists who want to re-create a mediaeval-style caliphate straddling Iraq and Syria – have swept across northern Iraq in recent weeks, pushing back Kurdish regional forces despite coming under U.S. air strikes.

Jul 31, 2014

Inchcape to buy back shares after posts record profit

LONDON, July 31 (Reuters) – Multinational car dealer
Inchcape said on Thursday it would buy back shares
worth 100 million pounds ($169.2 million) as it reported a
record profit, helped by a return to growth in key markets
Singapore and Greece.

The firm, which operates in 26 countries and distributes
cars for global brands including Audi, Jaguar
and Toyota, said it also benefited from the
one-off sale of property.

Jul 16, 2014

Renault expects 40 percent growth in 2014 British sales: UK MD

LONDON (Reuters) – Renault (RENA.PA: Quote, Profile, Research, Stock Buzz) expects it will sell over 100,000 cars and vans in Britain in 2014, around 40 percent higher than last year, the UK Managing Director of the French car maker Ken Ramirez told Reuters in an interview on Wednesday.

The partly state-owned automaker, which also sells cheaper car models under its Romanian brand Dacia, said it was currently the fastest growing car and van brand in Britain, selling over 54,000 vehicles so far this year.

Jul 9, 2014

Interest rate hikes won’t hold back UK car sales – dealership CEO

LONDON, July 9 (Reuters) – Future interest rate rises will
not affect car sales in Britain and could easily be offset by
manufacturers passing on their gains from foreign exchange, the
head of one of the country’s biggest car dealers told Reuters.

Car sales in Britain are on track to hit 2.4 million new car
registrations in 2014, up more than 6 percent on last year and
returning to levels seen before the 2008-09 financial crisis
when they nose-dived and the government intervened to support
the industry through a car scrappage scheme.

Jul 4, 2014

UK children’s TV star Rolf Harris jailed for child abuse

LONDON, July 4 (Reuters) – Veteran entertainer Rolf Harris,
a household name in his native Australia and adopted home
Britain, was jailed for almost six years on Friday for
repeatedly abusing young girls over decades as a beloved host of
children’s television.

Handing down the sentence, Judge Nigel Sweeney said the
84-year-old, known for shows such as “Rolf Harris Cartoon Time”
and songs including “Two Little Boys”, had shown no remorse for
the harm he had done to his victims.

Jul 4, 2014

UK kids’ TV star Rolf Harris jailed for child abuse

LONDON, July 4 (Reuters) – Veteran entertainer Rolf Harris,
a household name in his native Australia and adopted home
Britain, was jailed for almost six years on Friday for
repeatedly abusing young girls during decades as a beloved host
of children’s television.

Handing down the sentence, Judge Nigel Sweeney said the
84-year-old host of shows like “Rolf Harris Cartoon Time” had
shown no remorse for the harm he had done to his victims.