Netplay jumps on strong update October 16, 2013 Gaming firm Netplay TV saw its share price leap nearly six per cent yesterday on news of its strong third quarter performance in a trading update. The company reported a 19 per cent increase in net revenue for the quarter to £6.5m, leading its share price to close at 17.88p. Netplay said it is pleased [...]
New scary book by Terrifying Tim October 16, 2013 THE GLOBAL financial system is mired in unsustainable debt but it is the ever rising cost of energy in particular that we should be worrying about, according to Tim “Terrifying” Morgan. The former chief economist at Tullett Prebon, whose theories have also earned him the nickname “Dr Doom”, has published a book called Life After [...]
Rugby stars dress down for day at Lloyd’s of London October 16, 2013 ENGLAND Rugby head coach Stuart Lancaster and backs coach Andy Farrell took to the Lloyd’s of London underwriting floor yesterday to announce the official QBE Internationals England squad in the shadow of the famous Lutine Bell. But it seems the team took the dress code for the Lloyd’s building – clearly stated on the invitation as [...]
All-weather cycling for Saxo Bank clients October 16, 2013 Saxo Bank hadn’t planned on the autumn rain when it arranged for its top clients to ride the 2012 Olympic route in Box Hill this week. Despite appalling conditions, two-time Tour de France champion Alberto Contador (pictured, right) and Saxo Bank cycling team director and Tour de France winner Bjarne Riis led 40 dripping participants [...]
888 expects US gambling profit to jump in 2014 October 16, 2013 BETTING firm 888 Holdings yesterday said trading was on track and that it would start seeing the benefits next year from the decision of several US states to lift internet gambling bans. 888 said revenue rose two per cent to $94m (£58.8m) in the three months to September compared to the third quarter last year. [...]
Analyst Views: What do you make of 888 Holding’s third quarter trading update? October 16, 2013 RICHARD CARTER DEUTSCHE BANK “The current rating is now full when set against the group’s high and growing proportion of unregulated and untaxed revenues, slowing revenue growth, rising UK marketing costs… and the over estimation of how quickly US online gaming regulation will occur. We therefore rate the shares a ‘hold’. NICK BATRAM PEEL HUNT [...]
Uni spin-off Kromek soars in stock debut October 16, 2013 DURHAM University technology spin-out Kromek saw its shares surge 17 per cent to 59.75p yesterday as they made their debut on the market. The firm, whose technology is used for a variety of applications from medical imaging to security screening, sold 107m shares at 51p each. The offering raised £15m in an oversubscribed fundraising which [...]
Danone lowers goals as Asian recall hits sales October 16, 2013 DANONE said yesterday that an Asian recall of infant formula had a worse-than-expected impact on its high-margin baby food division in the third quarter and that sales in affected markets would not recover before early next year. The world’s largest yoghurt maker said it was cutting its sales, profitability and free cash flow goals for [...]
Publicis sees growth slow but insists that it’s on track for 2014 October 16, 2013 FRENCH ad group Publicis, which is merging with US peer Omnicom Group, stuck to its target for higher full-year organic sales growth yesterday despite revealing a slowdown in the third quarter on weaker emerging markets. Publicis also forecast a further improvement in growth next year following the expected completion of the merger in the first [...]
World Energy Council says fears over oil running out unfounded October 16, 2013 FEARS the world could run out of oil in our lifetime are completely unfounded, an influential international think tank said yesterday. Globally there are sufficient energy resources to meet even significantly increased demand for decades to come, according to The World Energy Council’s latest report. It found global crude oil reserves today are almost 25 [...]
