What a difference a month makes November 24, 2011 WHAT a difference a month makes. At the end of October, HTC said it expected fourth quarter revenues to jump by almost a third; yesterday, the Taiwanese firm shocked markets by saying sales in the last three months of the year would in fact be flat. In cash terms, HTC has chalked down its estimates by [...]
Future shares tank as ailing publisher falls to annual loss November 24, 2011 SHARES in Future, the troubled magazine publisher, plunged by almost a fifth yesterday, after it fell to an annual pre-tax loss of £18m. The firm, which publishes magazines as diverse as Total Film, Cycling Plus and Simply Knitting, scrapped its dividend until at least 2013 after revenues at its ailing US division tumbled by 16 [...]
Mediaset in a takeover bid for Endemol November 24, 2011 MEDIASET, the media empire owned by former Italian leader Silvio Berlusconi, yesterday confirmed it has made a joint bid for TV producer Endemol. The company has made a joint bid with Clessidra, an Italian asset manager. Pier Silvio Berlusconi, the ex-Italian PM’s son and Mediaset chairman, told reporters yesterday that the two firms had put [...]
MPC member says economy may contract November 24, 2011 CONTRACTION may be underway, the Bank of England’s Ben Broadbent warned as the Office for National Statistics revealed more information on the composition of the third quarter GDP figures yesterday. Growth was confirmed at 0.5 per cent in the last three-month period, as production industries increased output by 0.4 per cent and the services sector [...]
CITY VIEWS: IS THE UK A SAFER HAVEN THAN GERMANY? November 24, 2011 ROBERT DANES | RBD BUSINESS SOLUTIONS “It’s no safer than Germany that’s for sure – I think it was just their lucky day yesterday. I think Germany is the power house, but I think it’s a question of whether it bails out everybody else or goes its own way… Whatever happens in Europe is going [...]
Neets up again as young jobs hunt continues November 24, 2011 RECORD numbers of under-24s are not in employment, education or training (Neets), Department for Education figures revealed yesterday. Now 1,163,000 16 to 24 year olds are Neets, up 137,000 in the year, taking the proportion to 19.2 per cent. Over one fifth (21.5 per cent) of 19 to 24 year olds fall into the category, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 24, 2011 Betfair Matt Lambert has been appointed as director of public affairs at the gaming group. He will oversee Betfair’s global public affairs strategy. Lambert is currently director of corporate affairs and citizenship at Microsoft UK, responsible for government and political relations, community affairs and environmental practice. FSA The Financial Services Authority has appointed Sir Nicholas [...]
London 2012 IMAGE OF THE WEEK November 24, 2011 LONDON 2012 | OLYMPIC POWER EDF, the official electricity supplier of the 2012 Games, this week unveiled Team EDF, a line-up of 36 Olympic and Paralympic athletes, at Tower Bridge, which EDF is helping to relight. Lord Coe, EDF Energy chief executive Vincent de Rivaz and head of 2012 EDF Catherine Lescure attended. Joining the [...]
Pennon profits rise on recycling November 24, 2011 BRITISH water and sewerage services company Pennon Group reported a better-than-expected pre-tax profits for the first half helped by strong growth at its waste management unit Viridor. Waste management, recycling and renewable energy company Viridor now accounts for a third of total group profits. First-half total pre-tax profits rose 12 per cent to £107.4m, higher [...]
Flybe’s $500m new plane fund November 24, 2011 REGIONAL airline Flybe has signed for a loan with the Brazilian Export Development Bank for $500m (£330m) to help update its fleet. Flybe is buying 35 new Embraer aircraft, with delivery between 2011 and 2016, and the firm is using its new loan to pay for around 20 of those. Chairman and chief executive Jim [...]
