Lenovo shares hit over fears for PC market June 25, 2012 Shares of Lenovo Group, the world’s No.2 PC maker, fell by more than six per cent to a more than four-month intraday low on market concern over the outlook for the PC market amid the global economic slowdown. Lenovo’s shares fell as much as 6.3 per cent to HK$6.26 in afternoon trade, extending earlier losses [...]
Gatwick profit lifted by emerging markets June 25, 2012 Gatwick airport reported a strong rise in full-year profit, helped by traffic growth and the addition of new routes to emerging markets in Asia. London’s second largest airport after Heathrow, saidits earnings before interest, taxes, depreciation, and amortisation rose 17 per cent to £221.5m in the year to the end of March. Revenues rose 8.6 [...]
Rolls-Royce wins £1bn nuclear submarine deal June 18, 2012 Rolls-Royce has won a £1bn deal from the government to supply it with reactor cores for the new class of UK nuclear submarine. As part of the deal the engineering firm will invest in its Derby manufacturing plant, creating 300 jobs. “This demonstrates the high level of trust the Ministry of Defence has in both [...]
Cable & Wireless Worldwide set to be bought by Vodafone for £1bn June 18, 2012 Vodafone is expected to buy Cable & Wireless Worldwide (CWW) for £1bn after leading CWW shareholder Orbis Investment Management gave its backing to the deal. Orbis, which owns 19.06 per cent of CWW, has voted against the takeover in the past but changed its mind after CWW revealed that holders of 59 per cent of [...]
Plus Markets sells exchange platform for £1 June 15, 2012 Exchange operator Plus Markets has sold its technical trading platform to Forum Trading Solutions for an initial £1, with the potential for another £281,250 if Plus’s deal to sell it’s main exchange business to ICAP goes through. Hirander Misra, non executive chairman of Forum said: “We are delighted to provide managed trading services to Plus, [...]
Britain’s goods trade deficit widens June 15, 2012 Britain’s goods trade deficit unexpectedly widened in April as exports to countries outside the European Union fell sharply while imports dipped less, official data showed. The Office for National Statistics said the goods trade deficit grew to £10.1bn – the second-largest gap since records began in January 1998. That compared to a deficit of £8.734bn [...]
Banks rally fuelled by emergency credit plan June 15, 2012 The FTSE 100 saw rises fuelled by a rally in banking shares as the Government and the Bank of England announced plans to pump in £100bn of credit into the economy. Emergency measures to breathe new life into the economy were unveiled by Chancellor George Osborne last night with the money printing presses to be [...]
H&M sales rise June 15, 2012 Hennes & Mauritz, the world’s second-largest fashion retailer, said on Friday sales at stores open a year or more rose three per cent in local currencies in May, beating a Reuters poll forecast for a one per cent drop. Total sales in May, the last month of the Swedish budget apparel firm’s fiscal second quarter, [...]
Moody’s downgrades five Dutch banks June 15, 2012 Moody’s Investors Service said it had downgraded five Dutch banks, four of them by two notches, and warned a Greek exit of the euro would see further cuts, kicking off a long-awaited round of downgrades for major European institutions. Moody’s set a stable outlook to the ratings for four of the groups but kept a [...]
BSkyB and BT spent £3bn to show Premier League June 14, 2012 Shares in BskyB and BT have fallen after markets reacted to their decision to pay £3bn to receive legal rights to broadcast English Premier League football. BSky’s shares fell by seven per cent and BT’s by three per cent. BT is to show 38 games a season in 2013-14 and the remaining 116 games will [...]
