Eni upbeat over Libyan plants October 6, 2011 Italian oil firm Eni said yesterday its oil and natural gas plants in Libya are not damaged and it expects to have production levels there back to pre-conflict levels in about a year. “We are working closely with NOC and will be back to pre-crisis levels in 12 months,” Eni chief executive Paolo Scaroni said [...]
CITY MOVES | WHO’S SWITCHING JOBS October 6, 2011 Signia Wealth Shalini Khemka has been appointed as a managing director to develop the wealth manager’s private equity arm and expand the business overseas. Khemka will continue as CEO and director of The London Entrepreneurial Exchange, which she co-founded in 2010 while working as an investment banker at LDC, the private equity arm of Lloyds [...]
FTSE lurches up on economic optimism October 6, 2011 BRITAIN’S top shares advanced yesterday as sentiment was lifted by hopes policymakers will take the necessary measures to stabilise stressed European banks and by the Bank of England’s decision to launch a second round of quantitative easing. “Central banks have come to the party and said ‘look, we’re really concerned about growth; we’re going to [...]
Europe lifts Wall St for a third session October 6, 2011 US stocks rose for a third day in a row yesterday as developing Eurozone plans to backstop European banks gave investors hope the threat of a financial crisis was waning. Bank shares led gains on Wall Street as the EU planned to recapitalise banks and the European Central Bank said it was ready to buy [...]
Steve Jobs, 1955-2011 October 6, 2011 THE Apple.com homepage, one of the most valuable pieces of virtual real estate in the world, yesterday featured just one black and white photograph, alongside the words: “Steve Jobs 1955-2011”. The death of the iconic leader of the world’s biggest technology company was met with an outpouring of grief usually reserved for musicians and world [...]
A talismanic leader who leaves the world a richer place October 6, 2011 IT’S OFTEN said that Steve Jobs didn’t give a fig about maximising shareholder value. Considering how good he was at it, it scarcely matters. When he rejoined Apple in 1997, its stock was worth $5-a-share while its market cap – mostly accounted for by cash and other tangibles – was a whisker under $5bn. Now [...]
Apple stock avoids the feared lurch downward October 6, 2011 APPLE stock resisted the expected downward lurch in the wake of Steve Jobs’ death, falling only slightly yesterday. It closed at $377.37 after initially surging above $380 a share – still below its September high of $423. Steve Jobs’ long battle with pancreatic cancer rocked Apple’s share price on several occasions, with rumours of a [...]
ANALYSIS | Apple Inc October 6, 2011 FORCED OUT OF APPLE After a tussle Jobs is turfed out of the company, with John Sculley now in charge APPLE GOES PUBLIC Jobs takes the firm he co-founded public. Its shares rise by a third during their first day trading JOBS BUYS PIXAR He snaps up the computer animation company from George Lucas for $10m [...]
CITY VIEWS: CAN APPLE EVER REPLACE STEVE JOBS? October 6, 2011 CLIVE GILBERT | INCEPTA “You never know if Apple will find another great innovator like Steve Jobs. Who at Apple could fill his shoes? I think everyone should watch the share price.” PAUL SMITH | LLOYDS “Jobs was a part of a team, nothing lasts forever and you can’t expect Apple to not replace his [...]
In a chaotic world, business needs competent generals. A military expert weighs in October 6, 2011 VINCE Cable is not known for his military commentary. So when he recently declared that the economy more closely resembled warfare than any other human condition, he caught the headlines; I believe he also got it dead right. Why are we surprised by the analogy? Business and warfare are fundamentally forms of adversarial engagement, where [...]
