After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
De Blonay pulls out of Europe May 5, 2010 GUY de Blonay, the star fund manager who officially rejoined Jupiter this week after leaving Henderson last year, is to push an Asia and US-focused investment strategy at the firm, reducing its exposure to the crisis-hit Eurozone. De Blonay is due to become co-manager of the flagship Jupiter Financial Opportunities Fund on 1 June, alongside [...]
Alpari fined for lack of a money laundering system May 5, 2010 ALPARI, an online foreign exchange service for speculative trading, has been slapped with a £140,000 fine by the Financial Services Authority (FSA) for failing to have appropriate money-laundering systems and controls put in place. The financial regulator also handed the group’s former money laundering reporting officer Sudipto Chattopadhyay a £14,000 fine and held him accountable [...]
Liberty feels good about occupancy rates after UK retail market stabilises May 5, 2010 LIBERTY International said yesterday that shopping centre occupancy rates will stay firm in 2010, thanks to the stabilisation of the UK retail market. Occupancy at Liberty’s shopping centre division, Capital Shopping Centres (CSC), has been maintained at 98 per cent for the period 1 January to 5 May. Patrick Burgess, chairman of Liberty International said: [...]
Time Warner profits from strong DVD sales May 5, 2010 TIME Warner posted a better-than-expected quarterly profit yesterday on a rebound in advertising sales at its cable networks and magazines, as well as strong DVD sales of “The Blind Side” and “Sherlock Holmes.” Net income rose 10 per cent to $725m (£480m) after a nine per cent a rise in advertising sales. Overall the firm’s [...]
CITY VIEWS: ARE YOU WORRIED THE ICELANDIC ASH CLOUD WILL AFFECT YOUR HOLIDAY PLANS? May 5, 2010 GEORGINA SMART | LONDON CAPITAL GROUP “Yes I am as I’ve just booked my holiday. However, it’s not the airlines fault if the ash cloud returns, they can’t stop nature. But it’s going to cost the airline industry a lot of money in the long term as people now see there are other ways to [...]
S&P launches new index May 5, 2010 Standard & Poor’s has launched its first index of non-US commodities to meet demand from clients who want an international product mix and trading opportunities unhampered by upcoming US market regulations. The S&P World Commodity Index will consist of 23 commodities such as UK Brent crude oil, Malaysian palm oil and Tokyo-traded kerosene, S&P said [...]
TRW Automotive profits rise May 5, 2010 Auto parts supplier TRW Automotive yesterday posted a quarterly profit more than double Wall Street expectations on a recovery in European auto production and cost cutting. The company raised its full-year sales outlook by about four per cent but cautioned that it expected to be hit in coming quarters by rising commodity costs and a [...]
Spring gives Rightmove a boost May 5, 2010 Rightmove said it has attracted a record number of visitors to its property site following a pre-summer bounce in the UK house market. The website enjoyed its busiest month ever during March, while site traffic set a new record on 6 April, the first working day after Easter. Rightmove also claimed its market share among [...]
Google ebook platform will battle Kindle May 5, 2010 INTERNET juggernaut Google will launch into the ebook market next month in a move that could trample Amazon’s Kindle. The California-based firm will launch Google Editions, a platform that will allow publishers to sell ebooks directly through their websites, as well as through Google. Crucially, publishers will be allowed to keep almost all of the [...]
British chipmakers remain upbeat as demand surges May 5, 2010 BRITISH chipmakers CSR and Wolfson Microelectronics yesterday reported positive first-quarter sales as demand for mobile phones and consumer electronics began to bounce back. Wolfson reported a 13 per cent rise in revenue to $28.5m (£18.9m) and said 90 customers would use its new chips into their products, including one top smartphone maker using Wolfson’s latest [...]