Fly me to the moon (really) September 20, 2011 The era in which the wealthy and intrepid can choose travel to space is fast approaching. Forward thinker Richard Branson has helped commercialise the idea with his Virgin Galactic. But as the idea of leisure space travel catches on, a rival to Branson has emerged. Meet Michiel Mol, the Dutch business-man and co-owner of the [...]
German exports surged in March May 9, 2011 German exports soared in March by 7.4 per cent compared to the previous month, official data showed yesterday. The spike saw the German trade surplus reach a six-month high of €15.3bn (£13.4bn), up from €11.2bn – the third sharpest monthly increase in the last nine years. Imports grew by 3.3 per cent compared to February. [...]
Cisco down as results disappoint May 11, 2011 Network giant Cisco Systems warned of continuing weak growth last night as it posted a 17.6 per cent fall in net profit in the three months to April, compared with the same period in 2010. Profit fell to $1.8bn (£1bn) from $2.2bn in 2010 despite sales revenue rising 4.8 per cent to $10.9bn in the [...]
Two day rally ends on Greek worries June 15, 2011 US stocks sank on Wednesday as Greek debt woes, US data and disappointing profit forecasts fueled bearish sentiment, putting the market back on its downtrend after a two-day rally. Forecasts from companies, including Nucor Corp, Owens Illinois and Ford, underscored concern that economic sluggishness will hit earnings. Bank stocks helped lead the decline after Moody’s [...]
Greece: bad news whatever happens June 20, 2011 IT was cruel but brutally effective. In 1487, John Morton, the Lord Chancellor, devised a new way of collecting taxes. If he spotted somebody who was living in luxury, he assumed he had enough wealth to spare some for his King, Henry VII, and hit him with higher taxes. If he encountered somebody living modestly, [...]
ANALYST VIEWS: WHAT DOES THIS PROFIT WARNING MEAN FOR ALTERIAN? April 13, 2011 ALEX JARVIS | PEEL HUNT We have made provisional revisions to the current year and substantially reduced full-year 2012 and 2013 forecasts as evidently it will need to be rebased. We provisionally value the company on two times full-year 2011 revised sales, implying a 135p target price, assuming £8m net cash. GEORGE O’CONNOR | PANMURE [...]
ANALYST VIEWS: WHAT DOES THIS PROFIT WARNING MEAN FOR ALTERIAN? April 13, 2011 ALEX JARVIS | PEEL HUNT We have made provisional revisions to the current year and substantially reduced full-year 2012 and 2013 forecasts as evidently it will need to be rebased. We provisionally value the company on two times full-year 2011 revised sales, implying a 135p target price, assuming £8m net cash. GEORGE O’CONNOR | PANMURE [...]
Funds flow to UBS as client trust returns April 26, 2011 SWITZERLAND’S biggest bank UBS saw a surge in new fund inflows in the first three months of 2011 as it reported better-than-expected first-quarter results yesterday. Clients placed SwFr11.1bn (£7.6bn) of net new funds with UBS’ wealth management division, the highest level since the end of 2007, as trust in the bank returned. The result marked [...]
Recovery enters an uncertain phase June 2, 2011 FOR the first time for almost 18 months, I’m worried about the economic recovery. A number of key UK and global indicators released yesterday suggest that the Western nations are slowing again, with Britain not immune from the bad news. The biggest change seems to be a slowdown in manufacturing: after powering the global bounce-back [...]
Recovery enters an uncertain phase June 2, 2011 FOR the first time for almost 18 months, I’m worried about the economic recovery. A number of key UK and global indicators released yesterday suggest that the Western nations are slowing again, with Britain not immune from the bad news. The biggest change seems to be a slowdown in manufacturing: after powering the global bounce-back [...]