After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Logica sees light at the end of the gloomy tunnel May 5, 2010 COMPUTER services firm Logica saw a boost in its declining revenue as client confidence and outsourcing recovered. Logica said its first-quarter revenue was down two per cent to £939m, beating a market consensus figure of £919m. Logica posted an average four per cent revenue decline in the previous three quarters. New orders at the firm, [...]
Sage predicts return to revenue growth May 5, 2010 ACCOUNTANCY software firm Sage predicted a return to revenue growth yesterday as its boss of 16 years prepares to step down. Chief executive Paul Walker said pent-up demand was generated as small businesses put off upgrading software during the downturn. He said this would boost the firm’s revenues as the economy continues to fight through [...]
CITY MOVES | WHO’S SWITCHING JOBS May 5, 2010 Advent International The private equity firm has hired Kevin Beeston, the outgoing chairman of Serco Group, as an operating partner. Beeston will be tasked with helping Advent identify investment opportunities in the business services sector, and will also continue in his role as chairman of Advent’s portfolio company Domestic & General. He has worked for [...]
BEST OF THE BROKERS May 5, 2010 EASYJET Royal Bank of Scotland (RBS) has given easyJet a “buy” recommendation ahead of the airline’s first quarter reports. Its bullishness, comes despite easyJet’s guidance that its profit before tax (PBT) will be at the top end of its £80m-£95m range. RBS expects a smaller PBT loss of £79m, sharply down year-on-year noting trading is strong. [...]
Why the euro is an economic absurdity May 5, 2010 I REALLY wasn’t sure what to expect when I went to meet Bertrand des Pallieres. This is the man, after all, who lightened the gloom in the middle of the financial crisis with the story that his £80,000 Maserati had been towed, but that he was “too busy” setting up his hedge fund, SPQR, to [...]
GOLDMAN EXECUTIVES KEEP IT IN THE FAMILY May 5, 2010 A RIFLE through the proxy statement issued by Goldman Sachs to its shareholders ahead of tomorrow’s general meeting throws the spotlight firmly back on compensation – and it seems the firm’s executives aren’t the only ones being scrutinised. That’s right – not only are investors being asked to give their thoughts on the pay packages [...]
JD Wetherspoon urges caution as sales drop May 5, 2010 PUBS group JD Wetherspoon is feeling the sobering effects of lower consumer spending and tax and duty rises with sales growth slowing in recent months. Same outlet sales for the 13 weeks to 25 April slipped 0.8 per cent. This was much steeper than the 0.2% decline recorded over the nine month period. Meanwhile total [...]
Prudential hits regulation hurdle in £13bn cash call May 5, 2010 PRUDENTIAL has stalled the publication of details of its $21bn (£13.8bn) rights issue aimed at helping to fund its $35.5bn acquisition of AIA in Asia. The insurer revealed it was in discussions with the Financial Services Authority about the the deal. The capital structure of the firm is understood to be under scrutiny. The delay [...]
BAE on track for full year growth May 5, 2010 BAE Systems said it expected to deliver earnings growth in 2010 and that the loss of a contract to build new armoured vehicles for the UK army had not hit its outlook for the year. The defence contractor said it expected three of its four divisions to deliver growth in 2010 and that sales at [...]
Next sales rise fuelled by Directory May 5, 2010 NEXT has seen a 4.1 per cent rise in overall sales in the 13 weeks to 1 May. The retailer’s Directory was mainly responsible for the positive figure after it recorded a 7.2 per cent jump. Total sales in shops only rose by 2.8 per cent. The company said it was in line to top [...]