Wolfson soars on deal to supply Samsung parts June 26, 2012 SHARES in chipmaking firm Wolfson Microelectronics rose by almost seven per cent yesterday after it announced a deal to provide audio technology to Samsung’s next Galaxy smartphone. The Edinburgh-based company’s ultra low power HD audio hub, known as the WM8994, will be used in Samsung’s Galaxy S3 handset, which was launched last month and is [...]
Profits fall at Domino Printing June 26, 2012 Barcode-printer maker Domino Printing Sciences reported a nine per cent fall in first-half profit, as the fallout from the debt crisis in Europe prompted customers to delay orders, and the company said sales for the year would be similar to those achieved last year. For the six months ended 30 April, Domino Printing reported an [...]
BAA says charges dent earnings June 26, 2012 Airport operator BAA yesterday trimmed its earnings forecasts for the year by 1.2 per cent as parking charges temporarily dent its bottom line. The owner of Heathrow and Stansted said it would recoup the levies in 2014, and expects to make £1.268bn in earnings before interest, tax, depreciation and amortisation during 2012.
Francisco set to win Kewill fight June 26, 2012 Francisco Partners looks set to take over Kewill, after rival bidder Symphony said yesterday it will not raise its bid for the software company. Fransisco, who swooped in to top Symphony’s offer last week, will formally win the bidding war with its £102.7m approach as early as this week.
Upbeat outlook as Stagecoach grows revenue June 26, 2012 STAGECOACH, one of the UK’s biggest bus and coach operators, said yesterday it was confident about the coming 12 months, despite a 1.5 per cent dip in pre-tax profits to £202.5m. Revenues rose eight per cent to £2.6bn, helped by a strong financial performance at its London bus services. But its East Midlands rail franchise [...]
SAB Miller boss Graham Mackay gets rise to £5.9m for last year June 26, 2012 GRAHAM MACKAY, the chief executive of the world’s second largest brewer SAB Miller, was paid £5.9m last year, putting him among the 20 best paid bosses in the FTSE 100. SAB’s annual report published yesterday shows that his pay package, which includes base salary, bonuses and benefits, but excludes stock options, increased five per cent [...]
Payday for boss as Double Helix is sold for £50m June 26, 2012 BRITISH healthcare consultancy Double Helix has been sold to an American advertising group for up to £50m, it was announced yesterday, leading to a windfall for founder Wayne Phillips. Phillips, the doctor and pharmaceutical exec who set up Double Helix in 1995, will remain in charge when Interpublic Group takes over the firm. Although the [...]
BP to sell two stakes in North Sea for £179m June 26, 2012 BP said yesterday it had agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui for $280m (£179m), as part of a plan to focus its portfolio in the region on larger scale projects. The oil major announced that Mitsui would buy a 13.3 per cent stake in the [...]
ADVISERS JEFFERIES June 26, 2012 NEIL SCHROEDER MD OIL AND GAS INVESTMENT BANKING Investment bank Jefferies is advising BP on its deal with Mitsui. The team was led by Neil Schroeder, who has headed up the company’s oil and gas team since 2005. He is also advising Sojitz and Bridge Energy on UK North Sea divestments, and recently advised Endeavour [...]
Sean Quinn faces jail June 26, 2012 ONCE Ireland’s richest man, Sean Quinn was found guilty of contempt yesterday and may go to jail after a court ruled that the bankrupt businessman had blocked a state bank from seizing property worth hundreds of millions of euros. Quinn, whose €4bn (£3.2bn) business empire collapsed after a disastrous investment in now-nationalised Anglo Irish Bank, [...]
