Bidders for RBS branches battle to stay in race September 17, 2013 THE BID headed by ex-Tesco Bank executive Andy Higginson is believed have a tougher challenge than its rivals to prove to RBS its offer represents a better deal for the bank than a straight initial public offering. The race to buy the 316 RBS branches is nearing its end, and the W&G Investments consortium is [...]
A million cloud subscribers in Adobe results September 17, 2013 ADOBE, known for its photoshop and acrobat software, reported an eight per cent drop in quarterly revenue last night but exceeded its forecast of paid subscriber additions, sending its shares up four per cent in late trading. Revenues of $995.1m (£655.4m) were well within the company’s target range with the company’s recent purchase of Neolane [...]
Liberal think tank says HS2 may not be best way to spend £50bn September 17, 2013 POLITICIANS should reconsider whether High Speed 2 (HS2) is the best way to spend £50bn, according to a think tank closely associated with the Liberal Democrats. CentreForum’s Quentin Maxwell-Jackson, a former senior partner at KPMG, yesterday warned that the case for continuing with the project – which has been dogged by criticism over this summer [...]
Browne against showing face September 17, 2013 Lib Dem Home office minister Jeremy Browne made a splash in the media when he suggested it was not appropriate for Muslim women to wear veils in public places. But it turns out Browne doesn’t take too kindly to people being able to identify his face outdoors. An eagle-eyed spotter noticed he could be seen [...]
Lib Dems pin hopes on Teather September 17, 2013 Party activists stuck in a windy conference centre next to a Glaswegian motorway can always find solace in the selection of official Lib Dem merchandise on display. In addition to Vince Cable mugs, there is a fine selection of pin badges featuring all of the party’s 57 MPs. Stallholders report that – while colourful Colchester [...]
Clegg speech quotes Andy Murray September 17, 2013 The Deputy Prime Minister will today deliver what aides are calling “his most personal conference speech yet”, which will excite the few hundred Lib Dem activists who have sat through them all. Clegg will reminisce about talking with Andy Murray, David Cameron and Ed Miliband last summer: “Andy Murray suddenly interrupted with: ‘you all seem [...]
Tesco tipped to unveil budget tablet device September 17, 2013 TESCO, the UK’s largest grocer, is expected to unveil a tablet next Monday – its first foray into the consumer electronics space – which could be aimed at cementing customer loyalty as the retail giant moves sales online. The device is expected to be a 16GB tablet device with a seven inch screen. It is [...]
Bottom Line: Not much room at the bottom September 17, 2013 IF APPLE doesn’t want to chase the low end of the market, there are others who do. In America, Intel has announced its chips will be inside US tablets selling below $99 by Christmas. In the UK, step forward Tesco. Next Monday’s launch is widely anticipated to reveal a Tesco tablet cheap enough to consider [...]
Foxtons raises price range on strong demand September 17, 2013 ADVISERS to the flotation of Foxtons, the London focused estate agency chain, have narrowed the price range for the group’s shares ahead of the order books closing on the deal tonight. Sources said last night that the price range, which had been between 190p and 230p has been moved up at the lower end to [...]
Taper fears and volatility boost spread betting firm IG’s revenue September 17, 2013 SPREAD betting firm IG Group said yesterday its first quarter revenue was up 15 per cent after falling equity markets and fears that central banks would taper stimulus policies enticed investors to trade. The company, which allows investors to speculate on the future price of securities or baskets of securities, reported revenue of £93.6m for [...]