BEST of the BROKERS April 25, 2012 ARM HOLDINGS Investec maintains its “buy” rating on the microchip maker because of good long-term prospects. The target price is static at 800p, due to the last quarter’s “uneventful” results and no catalysts on the horizon. Costs were slightly higher than expected, and foreign exchange movements have prompted a modest forecast cut for the full [...]
How to manage the web of social media April 25, 2012 SOCIAL media has revolutionised the way that companies communicate with their clients, allowing instant responses to customer needs. Whether via embedded instant messenger (IM) help on a customer query site or publicising your latest pension offering, social media can help your business. British retail banks are hardly known for their willingness to embrace change and [...]
Don’t miss out: Social media is becoming a productivity tool April 25, 2012 FACEBOOK and Twitter long ago moved beyond social media sites and became vital channels for communication, as well a useful tool for businesses and enterprises. With generation Y weaving social media into every aspect of their lives, businesses that ignore this may cost themselves the talent they need to grow and succeed. If access to [...]
HSBC to cut 2,000 UK jobs April 25, 2012 HSBC, Europe’s biggest bank, is set to cut about 2,000 jobs in Britain as part of its drive to slash costs and boost profitability in the face of a changing banking landscape, a source told Reuters. The cuts are part of chief executive Stuart Gulliver’s global revamp to cut 30,000 jobs by the end of [...]
FTSE rise aided by banks April 25, 2012 The FTSE 100 opened on the front foot this morning as the tech sector was given a boost by stellar sales from Apple in the US while banks also nudged up. But UK GDP figures showing that the country had plunged back into recession cast a shadow.The UK economy shrank by 0.2 per cent in [...]
UK in double dip recession April 25, 2012 The UK economy is back in recession the Office for National Statistics (ONS) has said. It shrank by 0.2 per cent in the first three months of 2012 following a 0.3 per cent dip in the last three months of 2011. The two consecutive drop spell recession but today’s figure is subject to revisions.
Premier Foods sales rise April 25, 2012 Premier Foods, Britain’s biggest food manufacturer, said first-quarter sales rose slightly and its cost cut and restructuring programme was on track. The maker of Bisto gravy and Hovis bread, which has been working to turn its business around, said the consumer environment would be less challenging than 2011, and it would continue to divest some [...]
BAA profit rise triggered by Heathrow growth April 25, 2012 Airport operator BAA posted a 15 per cent rise in first-quarter profit as it squeezed more growth from its capacity-constrained London Heathrow hub. BAA, which is part owned by Spanish infrastructure group Ferrovial, reported earnings before interest, tax, depreciation and amortisation of £231.2m in the three months to the end of March on sales 11.5 [...]
Credit Suisse profit falls April 25, 2012 Credit Suisse’s first-quarter net profit shrank, as a 1.5bn Swiss franc (£1bn) loss on its own debt ate into profits. In a statement the Swiss bank didn’t add to ongoing job cuts of seven percent of its workforce, or roughly 3,500 staff, as some analysts had expected. Credit Suisse posted a net profit of 44m [...]
Hunted April 24, 2012 JEREMY Hunt, the culture secretary, was facing calls for his resignation last night, after a trove of emails unveiled at the Leveson inquiry suggested that he was in secret contact with News Corp during its ill-fated bid to buy BSkyB last year. Hundreds of pages of emails appear to show that the US media giant was [...]