Occupy LSX protesters still noisy and abusive to clergy – St Paul’s January 31, 2012 PROTESTERS outside St Paul’s continue to abuse clergy and disrupt services, cathedral officials said yesterday. The presence of the Occupy LSX camp also triggered a drop in worshippers over the Christmas period, St Paul’s registrar Nicholas Cottam said in a letter to the City of London, despite activists’ repeated claims to be “working with” the [...]
Fears of profit wipeout dent Amazon stock January 31, 2012 SHARES in Amazon plunged more than nine per cent last night after the world’s largest online retailer warned it could make a first-quarter loss. The firm forecast quarterly operating performance ranging from a loss of $200m (£126.9m) to a profit of $100m, below Wall Street expectations. The figures include $200m for stock-based compensation and other expenses. [...]
Halliburton wins its costs case in fresh blow for BP January 31, 2012 BP has suffered its second setback in a week over Gulf of Mexico spill costs, after a federal judge said yesterday Halliburton is not liable for some pollution claims arising from the disaster in 2010. BP must indemnify Halliburton, which provided cementing services for the Macondo oil well, for third-party compensatory claims under their contract, [...]
Spain’s N+1 to launch Brewin Dolphin advisory January 31, 2012 BREWIN Dolphin’s advisory and broking business starts a new life today under the ownership of Spain’s N+1 investment bank. Around 15 of the Brewin Dolphin employees have invested around £500,000 in the venture, giving them a 21 per cent stake in the business. Brewin Dolphin, which retains its wealth management business, will take a 14 [...]
Sky to launch new internet TV service January 31, 2012 BSKYB will welcome non-customers to its online collection in an attempt to tap into the 13m UK homes that do not subscribe to its pay TV packages. BSkyB, in which Rupert Murdoch owns a 39 per cent stake, yesterday reported a £601m adjusted operating profit – a 16 per cent increase – for the first [...]
CITY VIEWS: WOULD YOU USE SKY’S NEW ONLINE OFFERING? January 31, 2012 LES BRADY | RIVINGTON STREET CORPORATE FINANCE “I think that it would be a lot easier to pay monthly for Sky’s subscription, it has always worked well that way. I also prefer to watch things on television rather than on a computer or iPad.” PAUL GOSWELL | DELANCEY “The monthly subscription for Sky is very [...]
Satellite giant takes on Netflix and Lovefilm January 31, 2012 IT was only ever a matter of time before BSkyB launched some kind of internet TV service. The insurgent threat of online film streaming products such as Netflix and Lovefilm meant it could not stand idly by. Details of the service are so far sketchy. We know it will be available over the internet and on [...]
ARM stretches beyond the industry on ever-growing smartphone sales demand January 31, 2012 BRITISH chip designer ARM grew revenues by a fifth in fiscal 2011, running circles around the industry by racking up £491.8m compared to last year’s £406.6m. Pre-tax profits for the fourth quarter jumped 45 per cent on the previous year to £69m. The Cambridge-based company upped its yearly earnings by over a third, counting £229.7m [...]
ANALYST VIEWS: WHAT CAN WE EXPECT FROM ARM IN 2012? January 31, 2012 PAUL MORLAND | PEEL HUNT Despite an exceptionally strong fourth quarter performance, we do not anticipate upgrades to 2012 other than a currency uplift of around five per cent to reflect the dollar. NICK JAMES | NUMIS ARM has potential to become pervasive across multiple segments of the semiconductor market. We expect further upgrades through [...]
Joblessness at record high for Eurozone January 31, 2012 UNEMPLOYMENT in the Eurozone remained at a euro-era high in December, figures from Eurostat showed yesterday, reflecting the weak economic outlook. Joblessness stayed at the 10.4 per cent reached in November, up from 10 per cent in December 2010. The unemployment rate for the 27 EU nations stayed at 9.9 per cent, up from 9.5 [...]
