Cape is confident on 2012 January 12, 2012 Industrial services provider Cape is upbeat about its prospects for 2012 as it saw significant growth in activity in both its onshore and offshore businesses. The FTSE 250 company, which provides insulation, painting, coatings and industrial cleaning services principally to plant operators in the oil and gas, power generation, chemical, minerals and mining sectors, said [...]
Contract wins lift Babcock January 12, 2012 Shares in support services firm Babcock International yesterday hit a 52-week high yesterday after announcing a double contract win. The BBC World Service is to pay Babcock £200m over the next ten years for providing services related to the transmission and distribution of radio and television broadcasts. Babcock has been working with the BBC for [...]
Ferrexpo pellet output dips January 12, 2012 Ukrainian iron ore producer Ferrexpo said its overall pellet production dipped just over two per cent in 2011 from the previous year, as demand from the steel industry softened and it produced fewer pellets from raw material provided by others. The company, which produces iron ore pellets for the Ukraine, European and Asian steel industries, [...]
Ofcom plans to auction off 4G airwaves January 12, 2012 EVERYTHING Everywhere may lose out when 4G mobile bandwidth comes to the UK later this year due to Ofcom proposals set out yesterday, which would see the next generation of mobile coverage reach 98 per cent of the population. Ofcom will auction off the new airwaves in late 2012 for an expected figure of £3bn, [...]
Air Asia X axes only UK route January 12, 2012 EUROPE’S laws and taxes on airlines were brought into sharp focus yesterday, as routes were scrapped and Ryanair hiked its charges in response to regulations. Low-cost carrier Air Asia X ditched its Gatwick to Kuala Lumpur flight as part of its withdrawal from unprofitable routes over the next year. Its only UK route, which was [...]
European media firm Mecom predicts a profit slump thanks to advertising lows January 12, 2012 LOW ADVERTISING revenues have dragged profit down at Mecom, the European publisher which saw profits sink by €5m (£4.2m) in the second half of 2011 compared to the same time last year. However, this sum is significantly less than the €10m profit decline Mecom expected to see, leading to estimated earnings before interest, tax, depreciation [...]
Daily Mail publisher doles out millions in exec’s pay January 12, 2012 PADRAIC Fallon, the chairman of DMGT-owned Euromoney Institutional Investor, pocketed a bonus of £5.14m in 2011, in addition to a salary of £223,000, according to the publishing group’s annual report. Daily Mail General Trust generated revenues of £1.99bn last year, of which £862m was from Associated Newspapers. The firm dished out a total remuneration of [...]
Samsung open to link-up with troubled Olympus January 12, 2012 SOUTH Korea’s Samsung Electronics is open to forging an alliance with Japan’s troubled Olympus, potentially joining other electronics firms in circling one of the world’s biggest names in medical equipment, sources said. Samsung’s major Japanese rivals, Sony and Panasonic, have already shown interest in Olympus, now in need of capital after being swamped by a [...]
London 2012 IMAGE OF THE WEEK January 12, 2012 GYMNASTICS | WARM UP The Visa International Gymnastics takes place at the North Greenwich Arena between 10 and 18 January as part of the London Prepares series of test events being organised by LOCOG ahead of the London 2012 Olympic and Paralympic Games Between now and the start of the 2012 Olympic and Paralympic Games, [...]
JP Morgan shuffles executives January 12, 2012 JP Morgan Chase chief executive Jamie Dimon said yesterday that long-time colleague Jay Mandelbaum is leaving the company and that he is shifting the responsibilities of several operating executives. Mandelbaum, 49 years old and head of strategy and business development, has left to pursue other interests, Dimon said in a memo to staff. Doug Petno, [...]
