Peugeot Citroen gets a boost from car scrappage scheme limiting its losses February 10, 2010 FRENCH car maker Peugeot Citroen has reported a boost from car scrappage schemes despite reporting a €1.16bn (£1.02bn) loss for 2009. It lost €962m in the first six months of the year, but only €199m in the second half thanks to the the scrappage deals. However the company predicted continued tough times for the car [...]
REVAMPED CITY LIBRARY SET TO RE-OPEN February 10, 2010 THE newly revamped City Business Library and Guildhall Library is set to open this Monday, following a £1.2m redesign by Clerkenwell-based architects, Bisset Adams. The extensive redesign brings the two libraries together, in the first major refurbishment of the Guildhall premises since the 1970s.
KEA raises £6m allowing it to float on London’s AIM February 10, 2010 OIL and gas exploration business, KEA Petroleum, will begin trading on London’s AIM Market next Monday after successfully raising £6m from institutional and private investors. KEA’s market capitalisation, on admission, will be approximately £36.8m. The company owns three petroleum exploration permits in the Taranaki and Northland Basins of New Zealand and plans to use the [...]
CITY VIEWS: ARE PEOPLE SAVING ENOUGH FOR THEIR RETIREMENT? February 10, 2010 DAVID SHEPPARD | LIMPIO OFFICE SOLUTIONS “ I would say I am saving enough, but other people are definitely not. I know people in my peer group, and the attitude at the moment is live today and worry tomorrow. The money’s all gone anyway.” JAMES SAMPSON | ANGLO IRISH “I think people are definitely not [...]
PlayStation data storage firm’s profit is up 100pc February 10, 2010 TELECITY, the group that provides data storage for BBC iPlayer and Xbox Live, yesterday reported a leap in profits of more than 100 per cent last year. Profit after tax rose 109 per cent to £32m and earnings per share were up 108 per cent to 16.2p. Revenue was up 27 per cent to £169.4m. [...]
Iran shuts down Google mail February 10, 2010 The Iranian government said yesterday it will permanently suspend Google’s email service in the country. Iran’s telecommunications agency announced the suspension and said a national email service for Iranian citizens would soon be rolled out. The report comes as Iran braces for disruptions at rallies planned for today marking the 1979 Islamic revolution. Opposition leaders [...]
CME buys Dow Jones indices February 10, 2010 CME Group will buy 90 per cent of Dow Jones’ namesake indexes business in a debt-funded joint venture that values the business at $675m (£432.8m), the two companies said yesterday. Dow Jones will retain a 10 per cent stake in the venture, which will raise some $613m in third-party debt. Dow Jones will get $607.5m [...]
Sanofi-Aventis sales up 3.8pc February 10, 2010 French drugmaker Sanofi-Aventis beat forecasts for fourth-quarter profit and expects earnings to rise 2 to 5 per cent this year as growth areas such as vaccines offset stronger competition from generic rivals. Sales rose 3.8 per cent to €7.36bn (£67.5bn) against expectations for €7.37bn, bolstered by swine flu vaccines – a one-off benefit that should [...]
Sunaga leaves Barclays Japan February 10, 2010 Hideaki Sunaga, Barclay’s co-head of investment banking, has resigned after just one year. Sunaga, who was at Nomura for 20 years, had been brought in to expand Barclays investment banking business in Japan – which he co-lead with Takemi Ando. Barclays declined to comment and it is unclear when Sunaga will be leaving.
Britain’s last chocolatier sets down a gauntlet for his Kraft successor February 10, 2010 WARTIME is over for Roger Carr. Having held up his head defiantly throughout a five-month hostile bid battle from US food giant Kraft, the former Cadbury chairman is looking considerably more relaxed in demeanour nowadays, though his bruised rhetoric speaks volumes. Carr, in a speech on “Hostile Bids and Takeovers” at the Saïd Business School [...]