Mega deals yet to make Bango the big bucks June 25, 2012 MOBILE payments firm Bango yesterday reported widening losses in the year to 31 March and said its recent deals with tech giants Amazon and Facebook have yet to deliver the goods. The Aim-listed company posted a total loss of £930,000 for the year, compared to £700,000 the year before, as revenues dropped by almost a [...]
Global snaps up GMG Radio amid protests June 25, 2012 GLOBAL Radio yesterday announced it has sealed a deal to buy GMG Radio, currently owned by the Guardian Media Group, for an undisclosed sum thought to be around £70m. But the acquisition, which makes Global Radio the largest commercial radio group in the UK, is understood to have upset rival groups on competition concerns. Absolute [...]
LOVEFILM SIGNS FIRST CLASS DEAL WITH FOX June 25, 2012 Lovefilm, the Amazon-owned movie rental service, yesterday unveiled a deal which will give its users exclusive access to Twentieth Century Fox films – such as X-Men: First Class and Black Swan (above) – in the so-called second pay window, with Sky owning rights to the first pay period. Fox joins Warner Bros, Universal and Sony in [...]
WHO’S SWITCHING JOBS June 25, 2012 Edison Investment Research The investment research firm has made three appointments to its London team. Tom Carless joins as finance and operations director from 7city, a specialist financial training firm. He spent five years as finance director at Ovum. Additionally, Will Forbes and Zsolt Mester join Edison’s team of analysts, from Arc Asset Management and [...]
BEST of the BROKERS June 25, 2012 BSKYB Espirito Santo’s Giasone Salati has issued a “buy” rating on satellite TV giant BSkyB and a fair value of 820p, up from 790p. Referencing a propriety survey, the analyst believes that BSkyB’s NOW TV product could attract a potential 650,000 new users paying £10 per month. Espirito Santo also points towards the potential for [...]
Commodity shares and banks pull FTSE below important 5,500 mark June 25, 2012 WEAKNESS in commodity stocks and banks pulled Britain’s top shares lower yesterday, extending last week’s drop as investor appetite for riskier assets was curbed by global growth and Eurozone debt worries ahead of a summit of European leaders. The FTSE 100 index was down 25.73 points, or 0.5 per cent, at 5,487.96, dropping back though [...]
US stocks drop on pessimism over EU talks June 25, 2012 US stocks fell sharply yesterday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week. Markets remain sensitive to European headlines as the region’s spiraling debt crisis could wreak further havoc on a slowing global economy. Financial and energy stocks [...]
The gold market only has eyes for Bernanke June 25, 2012 GOLD traders have been accustomed to being swept off their feet with big, bold moves from the yellow metal. But they have been left bemoaning the lack of thrills of late, as gold continues to struggle to break to the upside. Yesterday, the gold price held above $1,570 – but this is a long way [...]
It is crazy that high speed rail will fail to integrate with our airports June 25, 2012 THE Government has got High Speed Two (HS2) wrong. As one of the architects of Britain’s first high speed railway, HS1 – connecting London with the Channel Tunnel – I am in a unique position to write this. Whatever the truth behind the rumours and denials that the project is to be abandoned, the focus [...]
Anti-austerians don’t want a temporary stimulus – they want a bigger state June 25, 2012 WHEN Paul Krugman – the spirited New York Times columnist – was in London recently, he accused the coalition of having a hidden agenda. Krugman believes that many British politicians want a smaller state, and are using the recession as an excuse to bring one about. But Krugman is wrong. It’s the anti-austerians who aren’t [...]
