EMC to take on Oracle after Greenplum buyout July 6, 2010 HARDWARE maker EMC said yesterday it will buy Greenplum, a small software firm, taking on Oracle in selling programs that help companies analyse business trends. Financial terms of the all-cash deal were not disclosed. Oracle, the long-time leader in the database software market, entered EMC’s core business of selling storage equipment in January with its [...]
NEWS | IN BRIEF July 6, 2010 Britain’s big industrial towns are gaining ground on London as tourist destinations for overseas visitors, according to a survey by Visit Britain. While the capital tops the list of cities most visited by foreigners, with nearly 15m overnight-stay trips from overseas visitors a year, Edinburgh took second place and Manchester, Birmingham and Glasgow all proved [...]
NEWS | IN BRIEF July 6, 2010 Unemployment rose faster in the country than in cities during the recent recession, according to the Commission for Rural Communities. The report said rural workers usually hold on to jobs during economic downturns, while those in town are more likely to be laid off. But in the crisis-hit second half of last year joblessness rose [...]
NEWS | IN BRIEF July 6, 2010 Staffline, a provider of recruitment and outsourced HR services to industry, yesterday issued a half year trading update and notice of its results. The firm said its first half was strong, driven by new business wins, recent acquisitions and increased demand from existing clients.
Global IPOs to continue rise, indicates E&Y July 6, 2010 A REPORT by Ernst & Young shows global IPO activity has continued its momentum despite current market conditions. The figures, which come from E&Y’s seventh annual global IPO report, demonstrates both in terms of funds raised and deals completed that the momentum created in the first quarter has been sustained into the second of this [...]
EasyJet says it is back on track after battling volcano July 6, 2010 Incoming easyJet chief executive Carolyn McCall was greeted by a 9.4 per cent year-on-year increase in passengers on the budget airline. The figures represent the largest monthly increase since before flights were interrupted by the Icelandic volcanic ash cloud. The airline carried 4.54m passenger in June, up from 4.15m a year ago, while its load [...]
Spice rejects Cinven again July 6, 2010 UTILITIES services company Spice will talk with its largest shareholders today after knocking back an improved takeover offer from Cinven, the private equity house. The FTSE 250 firm rejected a second approach of between 62p and 65p per share, worth up to £230m, as it revealed full-year results in line with expectations yesterday. Spice delivered [...]
Nigel Wray boosts his stake in Alliance Pharma to 12pc July 6, 2010 NIGEL Wray has increased his stake in Alliance Pharma to 12 per cent through the purchase of 1.9m shares. Wray, the second largest shareholder in the pharmaceutical company with 27.9m shares, has been steadily increasing his stake, buying 0.75m shares in May and a further 0.8m last month. He has increased his percentage share from [...]
Uganda gives Tullow Oil green light to acquire Heritage’s sites July 6, 2010 Uganda yesterday gave conditional approval for the sale of Heritage Oil’s assets there, paving the way for Tullow Oil to start a $10bn (£6.6bn) project for Uganda’s oil reserves. Tullow and Heritage have been waiting since January for Uganda’s approval, which will see Tullow buy Heritage’s stakes in two exploration blocks on the shores of [...]
PartyGaming hit by World Cup betting July 6, 2010 ONLINE gaming group PartyGaming said the World Cup had seen some of its punters ditch poker for football. The company also revealed that it was continuing to pursue takeover opportunities with a number of parties as it reported a two per cent decline in second quarter revenue. The group, which is reported to have held [...]