After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Premier Foods hit by discounting April 27, 2010 THE country’s largest food producer Premier Foods said that special offers had contributed to a drop in sales, with its Hovis bread expected to lose market share in the second quarter as a result. The firm, whose brands also include Branston pickle and Bisto gravy, said yesterday that overall first-quarter sales fell by 5.1 per [...]
N Brown eyes US as profits rise April 27, 2010 Home shopping firm N Brown is poised to break into the US with the distribution of a million catalogues over the Atlantic in July. The move comes after the firm – whose brands include Simply Be, Marisota and Jacamo – yesterday announced a 12.6 per cent rise in annual profits to £93.1m. N Brown specialises [...]
Dunelm sees earnings jump April 27, 2010 Sales growth at homeware retailer Dunelm picked up over Easter, driven by promotions that held back progress on profit margins, the group said yesterday. The company – which mainly operates at out-of-town stores – said sales at shops open at least a year rose three per cent in the nine weeks to 24 April. However, [...]
DP World to list in London April 27, 2010 PORTS operator DP World, a unit of conglomerate Dubai World, said yesterday shareholders approved an amendment allowing the firm to seek a listing in London. Voting results from the firm’s annual general meeting on Monday were released in a statement to the Nasdaq Dubai bourse. DP World, whose parent company is in the middle of [...]
CITY VIEWS: ARE THE BANKS ON THE ROAD TO RECOVERY? April 27, 2010 PIYUSH TRIPATHI | DEUTSCHE BANK “Revenue is rising and so are the number of jobs at the bank, which are both strong signs of growth and recovery. People weren’t ready for the slow when it happened and now they are more cautious, so this recovery isn’t a superficial one. A fall in the sector is [...]
Astra wins EU approval for Crestor April 27, 2010 DRUGS giant AstraZeneca yesterday won European approval to promote anti-cholesterol drug Crestor, which aids in the fight against heart disease. The decision to approve the new use of the product in 19 European Union countries follows a similar green light from the US Food and Drug Administration in February. The approval was based on data [...]
Lazard beats forecasts on M&A advice April 27, 2010 Lazard posted a narrower quarterly loss and beat forecasts on an operating basis, helped by strong growth in advisory and asset management fees. The New York-based investment bank reported a net loss of $33.5m (£22m), or 38 cents per share, compared with a year-earlier loss of $53.5m, or 77 cents per share. But excluding about [...]
Bank reform vote fails for second time April 27, 2010 SENATE Republicans yesterday blocked a sweeping overhaul of banking rules for a second straight day as they sought to extract more concessions from Democrats eager to crack down on Wall Street. As Goldman Sachs executives sweated through tough questioning by a Senate panel, Democrats calculated that Republican resistance to the bill would crumble amid election-year [...]
Ford reports a $2.1bn profit April 27, 2010 FORD posted a stronger-than-expected $2.1bn (£1.38bn) quarterly profit and said it would be “solidly profitable” in 2010, a year ahead of schedule, driven by strong US sales and market share gains. Ford raised its North American production plan for the current quarter as well as the 2010 outlook for its Ford Motor Credit financing arm. [...]
SIGNED, SEALED AND DELIVERED April 27, 2010 A majority of postal workers yesterday backed a three-year deal on jobs, pay and modernisation, ending their long-running dispute with state-owned Royal Mail. Two thirds of Communication Workers Union members balloted approved a 6.9 per cent outline pay deal agreed by union negotiators and company management last month.