Apple wins ban on Samsung Tab October 13, 2011 A COURT slapped a temporary ban on the sale of Samsung Electronics’ latest computer tablet in Australia yesterday, handing rival Apple another legal victory in the two firms’ global patent war. Resolution of the case could take months, which, in the fast-moving industry, could mean the new Galaxy tablet is never launched in Australia.
Mouchel set to breach its covenants October 13, 2011 British infrastructure and maintenance group Mouchel said yesterday it was in talks with its lending banks regarding expected covenant breaches caused by a profit warning last week, and named a new interim chairman after incumbent Bo Lerenius resigned. “The board is encouraged that the banks have been supportive and the discussions continue to be constructive [...]
Rabobank in talks to sell its stake in Swiss bank Sarasin October 13, 2011 DUTCH lender Rabobank is in talks with several potential buyers of its controlling stake in Sarasin, the Swiss private bank said yesterday. Swiss newspapers reported that both Julius Baer and cooperative bank Raiffeisen were considering offers for Sarasin. Rabobank owns 46 per cent of Sarasin’s capital and about 68 per cent of voting rights. “At [...]
Grainger sees a house sale jump October 13, 2011 PROPERTY developer Grainger yesterday said its sales were up by almost a quarter to £223m in the year to September, as sales of property occupied by businesses rose 60 per cent. Grainger, the UK’s biggest listed property owner, said its margins were better than in 2010 and it had started the new financial year with [...]
Renishaw falls as profits drop October 13, 2011 SHARES in engineering group Renishaw fell yesterday after it said first-quarter pre-tax profit dropped 10 per cent due to a slowdown in one of its product lines sold to the electronics industry. The FTSE 250 company, which makes and sells precision and inspection products for the healthcare and metrology businesses, also said it was reviewing [...]
AIR PARTNER BOOSTED BY RESCUE FLIGHTS October 13, 2011 PLANE hire firm Air Partner said yesterday demand for emergency evacuations from countries involved in the Arab Spring helped nearly double its annual profits to £5.3m.
Strong Swiss franc takes toll on Roche October 13, 2011 Roche expects the strong Swiss franc to shave 14 per cent off its full-year earnings, the Swiss drugmaker said yesterday after the red-hot currency took a hefty chunk out of its third-quarter sales. Quarterly sales at the world’s biggest maker of cancer drugs slumped 14.5 per cent to SFr9.82bn (£7bn), falling short of estimates as [...]
Rio Tinto stock hit despite its bullish update October 13, 2011 ANGLO-AUSTRALIAN miner Rio Tinto brushed off fears of a global economic crisis yesterday, reporting record iron ore sales and a five per cent jump in output for the third quarter – but its London shares still tumbled on fears over the Chinese economy. “We are operating at full capacity, selling all we produce and our [...]
CITY MOVES | WHO’S SWITCHING JOBS October 13, 2011 Maxifier The online ad campaign performance specialist has appointed Helen-Clifford Jones as head of UK and vice president of sales in EMEA. She will be responsible for leading the expansion of the UK and the move into EMEA. Jones has ten-years of experience in the digital media, publishing and advertising industries. Prior to joining Maxifier, [...]
BEST OF THE BROKERS October 13, 2011 FRESNILLO Citi rates the mining group as “neutral” with a target price of £17.30, despite the miner having its first disappointing quarter in years and announcing that production at its flagship mine fell below expectations. The broker has reduced its earnings per share estimate for 2011 from $1.33 to $1.25 because of the third quarter [...]
