Video firm SyQic’s shares surge over 30 per cent in London debut December 4, 2013 SHARES of SyQic, a provider of video to mobile devices, jumped 33.8 per cent during its first day of trading yesterday, to close at 83p. SyQic, which is headquartered in the UK and listed on London’s junior stock market, delivers live TV and on-demand video to internet connected devices to consumers in the Philippines, Indonesia [...]
Sage tops FTSE 100 risers after positive update December 4, 2013 FINANCIAL software maker Sage leapt to the top of the FTSE 100 risers yesterday after the company reported profits up one per cent to £360.5m before exceptional charges. Sage also raised its dividend by six per cent to 11.32p a share in its results for the year ending 30 September. “These results highlight the strong [...]
HTC’s flagship One mobile could be blocked from sale tomorrow December 4, 2013 STRUGGLING smartphone maker HTC could have its flagship HTC One phone blocked from sale in the UK this Friday after a high court judge said it infringes a Nokia patent. HTC has filed an urgent appeal against the High Court decision but if this is not granted by the end of the week it will [...]
Attorney general warns Twitter users could breach fair trial rules December 4, 2013 TWITTER and Facebook users are to be warned about the dangers of committing a contempt of court by commenting about ongoing court cases online. Dominic Grieve, the attorney general, will publish court advisory notices which, up until now, were only provided to traditional print and broadcast media. “In days gone by, it was only the [...]
EU antitrust probe gives green light to Nokia for handset sale December 4, 2013 EUROPEAN Union antitrust regulators have approved Nokia’s €5.44bn (£4.5bn) sale of its devices and services division to Microsoft. “The commission concluded that the transaction would not raise any competition concerns,” the European Commission said in a statement yesterday. The deal has now passed final regulatory approval, having been given the go ahead by the US [...]
Amec wins £76m Abu Dhabi deal December 4, 2013 FTSE 100-listed engineering firm Amec yesterday said it has won a $124m (£76m) contract with Abu Dhabi Marine Operating Company to manage the development of an oil field located off the UAE. The five-year agreement is expected to create 100 extra jobs for Amec in Abu Dhabi. “Further expansion in the Middle East is a [...]
Shaftesbury signs £125m loan December 4, 2013 Shaftesbury, the West End landlord, said yesterday it has signed a new £125m five-year loan with Lloyds Bank in a refinancing deal. The facility will replace an existing £125m loan which was due to expire in April 2016. “This will strengthen the group’s financial base by improving the maturity profile of its debt and diversifying [...]
St Modwen secures M&S as tenant December 4, 2013 Developer St Modwen said it has clinched a deal with Marks & Spencer that will see the retailer anchor the group’s regeneration scheme in Birmingham. The high street chain will pre-let a 150,000 square feet store major at St Modwen’s huge regeneration scheme at Longbridge in Birmingham. The news came as the group raised its [...]
Split in business surveys reveals two-speed euro December 4, 2013 THE EUROZONE’S economy continued growing in November according to a widely-regarded set of business surveys released yesterday, yet crucial member states such as France and Italy appear to be stuck in the mud. While Germany hit a 29-month high in Markit’s purchasing managers’ index – with a reading of 55.4 across all sectors of its economy [...]
US firms keep on expanding December 4, 2013 THE US non-manufacturing economy grew at a slightly slower pace during November, with new export orders adding particularly to the expansion. The score from the latest Institute for Supply Management (ISM) report on activity fell slightly, down to 53.9 from 55.4 last month. Any figure over 50 signals growth.
