Mobile broadband future is bright for Orange but fixed-line looks dim October 29, 2009 ORANGE said yesterday it broke through the 17m customer barrier in its third quarter, despite haemorrhaging fixed-line broadband subscribers. France Telecom’s UK operation said fixed-line broadband customers dropped by 12.2 per cent to 899,000 during the three months to September, from 1.023m last year. But mobile broadband subscriptions rose 64 per cent year-on-year to a [...]
Cond Nast profits slump October 29, 2009 Condé Nast’s London-based international arm saw its profits fall 12 per cent to £33.5m in 2008, as both advertising and subscriptions were hit by the recession. The Vogue publisher’s annual accounts filed at Companies House showed that its UK magazines subsidiary, Condé Nast Publications, saw profits drop by 14 per cent to £18.9m in the [...]
BAE announces 500 job cuts October 29, 2009 Union leaders expressed their "bitter disappointment" yesterday as defence giant BAE Systems announced plans to cut over 500 jobs in its Land Systems division. News on the job cuts comes just days before the company is due to submit a bid which would allow it to supply the British Army with a new scout vehicle. [...]
Kentz wins contract in Qatar October 29, 2009 Kentz said yesterday it had received a multi-million dollar contract for the engineering, procurement and construction of a project for Laffan Refinery in Ras Laffan Industrial City, Qatar. The contract included full site development of the main fuel truck distribution point for the Laffan refinery tank farm. Qatar Petroleum holds a 51 per cent stake [...]
Lufthansa forecasts grey skies October 29, 2009 Deutsche Lufthansa provided a gloomy outlook for the airline industry yesterday, saying any green shoots of recovery were being swamped by pricing pressures in both passenger and cargo services. It said it was still too early to give the all-clear for the air cargo industry. Drops in volumes were not as severe as in prior [...]
NOMURA PREPARING FOR OXFORD AND CAMBRIDGE VARSITY CLASH October 29, 2009 THE City’s rugby aficionados and former Oxbridge contingent are already gearing up for this year’s Varsity match, which is being sponsored for the second year running by Japanese bank Nomura. Nomura stepped in at the last minute to save the day after it rescued the European operations of failed bank Lehman Brothers, the event’s former [...]
Standard Life hit as market woes return October 29, 2009 INSURER Standard Life yesterday reported a 15 per cent fall in sales for the first nine months of the year. The drop reflected weak financial markets and was broadly in line with forecasts. Britain’s fourth-biggest insurer by market value, revealed that life and pensions sales for the nine months to 30 September were £10.5bn – [...]
Qinetiq chief executive quits one day after critical RAF Nimrod crash report October 29, 2009 THE chief executive of defence research business Qinetiq, Graham Love, stood down yesterday – a day after the company was heavily criticised in a report into the fatal RAF Nimrod aircraft crash in 2006. Love, who was with Qinetiq for eight years, will leave on 30 November but remains as a consultant to the group. [...]
David Pipe’s Tamarinbleu all set to land Wetherby’s Charlie Hall Chase October 29, 2009 AS THE FLAT season slowly disappears into the sunset, all eyes will be on Wetherby tomorrow when it stages the Charlie Hall Chase. The track has been in the headlines for all the wrong reasons in recent weeks, but the taps have been on for the last few days to ensure that we get good [...]
the INSIDER October 29, 2009 THIS is the last week I can get cracked into some decent animals on the flat in the UK, but I absolutely can’t wait for next weekend’s Breeders’ Cup. There will be plenty of European horses with strong chances, but the one who catches my eye is Godolphin’s American-based GAYEGO in the Sprint. He has [...]
