ANALYST VIEWS: ARE THE CHIPS UP OR DOWN FOR CSR? February 20, 2012 NICK JAMES | NUMIS Fourth quarter results are ahead of expectations with slightly better revenue… We upgrade our target price to 290p from 220p… Focus in full year earnings 2012 is on voice and music, location, automotive, Bluetooth low energy and image capture – areas where CSR has strong platforms and has already demonstrated some [...]
SILVER SCREEN STAR COULD GO FURTHER INTO RED February 20, 2012 Weinstein Co, the film studio behind Bafta boardsweepers The Artist (pictured) and The King’s Speech, is said to be looking to raise $150m (£94.7m) to support operations and pay off debt. The company has struggled financially since its 2005 birth, but is rising to success on a string of Oscar nominations. Union Bank is managing [...]
Segro banks £80m through selling off industrial estates February 20, 2012 BRITISH landlord Segro said yesterday it has sold a portfolio of five non-core industrial estates to funds owned by Ignis Asset Management for £80.2m. The sale is part of the company’s plan to focus its UK multi-let industrial portfolio on London and South East. “The sale of these assets demonstrates that, despite the uncertain economic [...]
Tesco launches float of its Thailand property fund to raise up to £369m February 20, 2012 TESCO, the world’s third-largest retailer, launched the initial public offering of its Thailand property fund yesterday, aiming to raise up to £369m to finance future expansion. The offering is part of a trend among retailers in recent years to squeeze more value from their real estate assets, bundling them into a property fund, selling the [...]
Fizz to fall out of Carlsberg profits in 2012 February 20, 2012 DANISH brewer Carlsberg yesterday warned its operating profits will be flat in 2012, hit by declining beer markets in northern and western Europea while its biggest market, Russia, will show a slow recovery. The world’s fourth largest brewer said yesterday it expects the Russian beer market to return to modest growth this year after a [...]
Divestments to soar 92pc, says Deloitte February 20, 2012 DIVESTMENTS will rise to a value of £250bn throughout the world in 2012, Deloitte predicted yesterday, as companies spin off non core assets to bolster their balance sheets. The total value of the spin-offs would represent a staggering 92 per cent rise from last year, when the total came to £130bn. “Investor appetite for spin-offs [...]
Concerns over Chinese slowdown after imports from Japan slump by a fifth February 20, 2012 JAPAN logged a record trade deficit with China in January as exports dropped by a fifth, underscoring concerns about how sharply China is slowing and its ability to buffer a frail global economy against European turmoil. The 20.1 per cent annual slump in exports to China, Japan’s main export market, condemned Tokyo to a record [...]
Government to pay firms and charities to get jobless teenagers back on track February 20, 2012 THE GOVERNMENT is to pay companies and charities to improve prospects for young unemployed people, deputy PM Nick Clegg will announce today. Firms will be able to bid for contracts worth up to £2,200 for every young person that they provide with skills for the jobs market. The £126m of state funds will be targeted [...]
Thailand GDP decimated by 2011’s heavy flooding February 20, 2012 THAILAND’s economy crashed in the final quarter of last year, with fresh data revealing a contraction of 10.7 per cent compared to the previous three months. Devastating floods caused the economy to plummet by more than “in either the 2008-09 global crisis or the Asian financial crisis of the late-1990s”, Capital Economics said yesterday. Capital [...]
Half of the UK either cut or quit saving last year February 20, 2012 THE ECONOMIC squeeze on households caused nearly half of UK adults to reduce or cut their savings over the past year, new research claims. A survey from the Money Supermarket website showed that the main reason for reducing saving activity was to fund everyday life. Of those who have reduced savings, 18 per cent cited [...]
