Nexon flotation will be Japan’s biggest this year December 6, 2011 ONLINE gaming company Nexon yesterday announced a public offering expected to raise ¥91bn (£745.5m) when it joins the Tokyo Stock Exchange on 14 December. After gauging interest from investors last week, the company settled at the mid-point of a speculative price range to sell shares at ¥1,300 each, in what is set to be Japan’s [...]
Amazon launches its video on demand service Lovefilm on Microsoft’s Xbox December 6, 2011 LOVEFILM, Europe’s largest subscription service, today becomes available on Microsoft’s video games console Xbox. The company, which was originally established in May 2002 as Online Rentals Limited and was acquired by Amazon in February 2011, has traditionally operated as a mail-order DVD rental service. However, in the last two years Lovefilm has enabled its customers [...]
Samsung soars as Apple loses court bid December 6, 2011 APPLE has lost its most recent battle in a legal fight against Samsung, as its bid to stop Galaxy sales in the US was denied, causing shares in the South Korean company to jump by more than two per cent. Apple was trying to get an injunction against the sale of certain Samsung products in the [...]
IAG traffic numbers rise in November December 6, 2011 INTERNATIONAL Airlines Group, formed by the merger of BA and Iberia, has posted a 2.1 per cent rise in passenger traffic in November, boosted by 4.6 per cent growth in premium traffic. Traffic, measured in revenue passenger kilometres, rose by 2.1 per cent versus November 2010, while passenger load factor – a measure of how [...]
Greencore ends takeover talks December 6, 2011 IRISH food group Greencore said yesterday talks over a possible takeover had ended due in part to turmoil in global debt and equity markets, sending its shares down over 10 per cent. Greencore, one of the biggest sandwich and ready meal suppliers to Britain, said in October it had received a potential takeover approach. “Given [...]
Rank argues the case for single rate of gaming tax December 6, 2011 TAX disparities between online and land-based gambling firms are unfair and harmful to the economy, Rank Group claimed yesterday. The low taxes on operations based outside the UK, some as low as zero per cent, encourage the industry to migrate jobs and tax revenues outside the UK, according to a paper published by Rank. With [...]
Geeley drives into the UK December 6, 2011 CHINESE automotive manufacturer Geely is set to enter the UK new car market next year, with its first models’ prices starting at around £10,000. Geely International Corporation, which also owns Volvo, is working with the UK’s Manganese Bronze Holdings (MBH) to set up dealerships, parts sales and after-sales service under the name Geely Auto UK. [...]
Russia’s state-owned power grid MRSK will list some stock in London this week December 6, 2011 RUSSIAN power grid company MRSK is scheduled to list its shares in London this week, a move it hopes will boost the liquidity of its stock and enable it to raise funds in the future, a company spokesperson said yesterday. The technical listing, in which no money is raised, will see MRSK list 25 per [...]
Profits lift at William Hill’s gaming target Probability December 6, 2011 REVENUES at potential William Hill takeover target Probability have soared by 41 per cent, though the company still posted a loss for the six months to September. Mobile gaming firm Probability, which runs the Lady Luck mobile casino brand, said yesterday its revenues had risen to £3.3m from £2.3m a year ago, and that cash [...]
Yum expects double-digit growth December 5, 2011 Yum Brands, the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, yesterday raised its 2011 profit forecast and said it expects earnings per share to grow at least 10 per cent in 2012, led by continued sales and profit growth in China. Yum has nearly 4,200 restaurants in China, its top market [...]
