ANALYST VIEWS: HOW WILL THIS REVIEW AFFECT HOMESERVE LONG-TERM? October 31, 2011 MIKE MURPHY | NUMIS The fall in the share price offers a significantly more attractive entry point if the long-term fundamental story remains intact. That will depend on the reputational damage to the firm and its ability to win new affinity partners outside the UK, but management’s quick and decisive action should help. ANDY BROWN [...]
Allstate sees profits sink on disaster losses October 31, 2011 ALLSTATE shares rose four per cent in after hours trading yesterday after the second largest US home and auto insurer posted a better than expected third quarter operating profit. Net profits, however, fell 55 per cent to $165m from $367m a year earlier after the company said it lost more than $1bn due to catastrophes, [...]
Anadarko in quarterly loss over BP payout October 31, 2011 ANADARKO Petroleum reported a wider quarterly loss yesterday, as the US oil and gas company spent $4bn (£2.5bn) to settle with BP over the Gulf of Mexico oil spill disaster last year. It reported a third-quarter loss of $3.1bn, or $6.12 per share, compared with a loss of $26m, or 5 cents per share, a [...]
CAUDWELL FLIES FROM BULLIES TO BILLIONS October 31, 2011 HOPE FOR everyone who had a miserable time at school – it might not stop you becoming as successful as John Caudwell, the freckle-faced Phones4U founder who rose from his “dog eat dog” start to become a self-made telecoms billionaire. “My childhood was a permanent challenge,” said the once-bullied tycoon. “On my very first day [...]
Samsung will target rivals in M&A spree October 31, 2011 SAMSUNG chief executive Choi Gee-sung yesterday fired a warning shot to rivals General Electric and Philips, saying he will he will aggressively target acquisitions in their sectors to compensate for his flagging chip business. He said he will target growth industries including solar cells, LEDs, biopharmaceuticals and medical equipment to complement his firm’s booming smartphone [...]
RBC Capital Markets and City’s shifting sands October 31, 2011 OCCASIONALLY the move of a key employee from one investment house to another inadvertently sums up the varying fortunes of the two groups involved in the transfer. And so it is with James Eves, who has quit UBS after 11 years to join RBC Capital Markets in its pan-European financials team. Eves leaves UBS shortly [...]
Financial education to get debate October 31, 2011 AN ONLINE petition to make financial education compulsory in schools could be one of the first to trigger a debate in parliament, after it attracted more than 100,000 signatories. The petition, “Make financial education a compulsory part of the school curriculum”, is due to run until February but yesterday passed the 100,000 threshold needed to [...]
Panasonic is braced for a £3.4bn loss as it takes a hit from restructuring October 31, 2011 PANASONIC is braced for a £3.4bn quarterly loss, its worst in a decade, as it struggles against the soaring yen and weak demand for flatscreen TVs. The loss, which compares to a £588m profit a year earlier, includes costs associated with a large-scale restructuring that will see it shed 17,000 jobs by 2013. Panasonic, which [...]
Netflix and Amazon raise competition in online TV October 31, 2011 NETFLIX and Amazon stepped up their rivalry in the video streaming market yesterday as they both unveiled deals with Disney. Netflix, which last week announced plans to expand into the UK, said it extended its licence agreement with ABC, a division of Disney, to continue to stream TV shows over the Internet. Amazon announced a [...]
Qantas starts flights after union ruling October 31, 2011 QANTAS Airways planes returned to the skies yesterday morning, after the Australian firm grounded its entire global fleet over the weekend to force the government to intervene in the nation’s worst labour dispute in a decade. Shares in the firm jumped 4.3 per cent yesterday after a labour tribunal, at the government’s request, ordered Qantas [...]
