SNP leader Nicola Sturgeon calls for boost to UK state spending February 11, 2015 As the Scottish First Minister sets out her election agenda, Chris Papadopoullos reports from University College London Scottish National Party (SNP) leader Nicola Sturgeon ventured to University College London (UCL) yesterday where she received the backing of loyalists and anti-cuts activists, as she laid out her election pledges. “I am impressed with Sturgeon thus far, [...]
Stalling London house market falls behind Northern Ireland’s February 11, 2015 THE SCOTTISH and Northern Irish housing markets are more buoyant than the stalled sector in London, the Royal Institution of Chartered Surveyors (RICS) said today. Overall the housing market is still rising – the number of surveyors reporting rising prices outweighed those reporting falling prices by a margin of seven per cent in January. But in London, [...]
Reckitt Benckiser to slash costs ahead of a difficult year February 11, 2015 Reckitt Benckiser has embarked on a major cost saving drive after the maker of Durex condoms and Dettol cleaning products beat market expectations with a four per cent jump in full-year sales. Chief executive Rakesh Kapoor said the efficiency plan, dubbed Project Supercharge, aims to deliver up to £150m in savings a year by 2017 [...]
Indivior share price hit as US rivals hurt profits February 11, 2015 Shares at Indivior crumbled during yesterday’s trade but recovered to be down only 2.4 per cent. The FTSE-listed company which specialises in the production of Suboxone, a substitute used by recovering heroin addicts, was spun off last December from Reckitt Benckiser – the Slough-based health giant whose brands range from Dettol to Durex. The company [...]
AstraZeneca in $7.9m payment to settle US case February 11, 2015 AstraZeneca yesterday settled a five-year legal battle between its US division and the US Department of Justice over claims it provided kickbacks to Medco Health Solutions, for $7.9m ($5.2m). The firm had been accused of giving kickbacks to Medco to ensure it kept sole and exclusive status for its Nexium heartburn medication on lists of [...]
Arm Holdings’ full-year profit grows on the back of Apple iPhone sales February 11, 2015 Software design company Arm Holdings’ full year profit jumped 13 per cent to £411.3m, after the iPhone 6, holding the company’s core chip technology, enjoyed record sales. The Cambridge-based company, most known for selling microchips to smartphone giants Samsung and Apple, saw its revenue rise 11 per cent to £795.2m. Apple, one of Arm’s biggest [...]
Telecity share price soars after bid for Interxion cloud centres February 11, 2015 Increasing demand for cloud technology has led British data centre provider Telecity to look to expand into the sector with a non-binding offer of £1.44bn to buyout New York-listed Interxion sending shares in Telecity up 15.26 per cent on the news. Telecity has benefited from the increased use of its data centres from cloud based [...]
Game of Thrones warms Time Warner results February 11, 2015 US MEDIA GIANT Time Warner yesterday reported better-than-expected quarterly revenues, declining just a per cent to $7.53bn, boosted by higher subscription fees for channels offered by its Turner Broadcasting and its Game of Thrones-producer Home Box Office businesses. Shares closed up 0.25 per cent at $81.01 in New York yesterday.
Cadbury Creme egg-maker sees profits melting February 11, 2015 CONFECTIONARY giant Mondelez International, owner of the Cadbury brand, saw its profits in the fourth quarter tumble as sales declined across the board, yet shares still rose in New York by more than three per cent. The company, which was formed in 2012 out of Kraft’s non-US brands, saw net earnings in the fourth quarter [...]
US corporate results round up February 11, 2015 PepsiCo serves up sweet results PepsiCo yesterday reported a higher-than-expected quarterly profit, helped by increased sales at its Frito-Lay snack business which makes Doritos and Walkers crisps, and said it would buy back up to $12bn in stock by 2018. The company also raised its annual dividend by 7.3 per cent to $2.81 per share [...]
