Japan raises inflation goal January 22, 2013 THE BANK of Japan yesterday unveiled its most determined effort yet to end years of economic stagnation in the country, saying it would switch to an open-ended commitment to buying assets next year and double its inflation target to two per cent. It issued a joint statement with the new government promising to reach the [...]
EU confidence on the increase January 22, 2013 INVESTORS in Europe are becoming more confident about spending their cash piles, according to data out yesterday. German analyst and investor morale hit its highest level in more than two and a half years in January, think tank Zew said. The monthly poll of economic sentiment climbed for a second month to reach its highest [...]
Chinese freeze waters down SABMiller sales January 22, 2013 AN exceptionally cold Chinese winter drove down beer sales in the country and hit growth at SABMiller. The FTSE 100 brewing giant, which makes Peroni, Grolsch and Pilsner Urquell, said it had sold three per cent less beer in China in the final quarter of 2012 than in the same period last year, when acquisitions [...]
Spirits at Marston’s pubs lifted by influx of Christmas diners January 22, 2013 PUB and brewing company Marston’s, known for beer brands such as Marston’s Pedigree and Hobgoblin, said comparable sales rose 5.8 per cent at its pubs in the Christmas holiday season. The company, which operates around 2,150 pubs across England and Wales, said like-for-like sales at its managed pubs in the three weeks ending 5 January [...]
Analyst Views | Is Sabmiller brewing future growth? January 22, 2013 ADAM SPIELMAN CITI We doubt this statement will cause many people to change their view of the stock. However, we think it supports our investment case: we have a Buy on the stock because we believe investors will see over time that the good things about SAB will continue and that the two problem markets [...]
Sky powers up mobile TV service January 22, 2013 SKY has unveiled a premium version of its mobile TV service, Sky Go, that will allow Sky customers to download films such as Marvel’s Avengers Assemble (pictured) and TV programmes. The broadcaster is charging an additional £5 a month for Sky Go Extra.
Bumi inquiry unable to back misuse claims January 22, 2013 THE LONG-awaited Macfarlanes legal report commissioned by London-listed coal miner Bumi is unable to substantiate claims of financial misconduct at Indonesian arm Bumi Resources, it said yesterday. The City law firm was appointed in September to investigate allegations of potential financial irregularities at Bumi Resources, in which Bumi has a 29 per cent stake, following [...]
Verizon pledges to deliver cost cutting January 22, 2013 VERIZON Communications posted a weaker-than-expected wireless operating profit margin yesterday due to hefty costs from smartphones like Apple’s iPhone, but the US telephone company promised a big improvement this year as it cuts costs. While Verizon’s fourth quarter bottom line was weaker than anticipated, investors were encouraged when finance chief Fran Shammo said yesterday that [...]
J&J profit tops forecast as it mulls unit sale January 22, 2013 JOHNSON & Johnson reported better-than-expected fourth-quarter earnings yesterday, due in part to a favourable tax rate, and said it is considering selling a $2bn (£1.2bn)-a-year diagnostics business. J&J said it earned $1.19 per share, excluding one-time items, in the fourth quarter, beating analysts’ average estimate of $1.17. The firm said it may sell Ortho Clinical [...]
Android maintains command of smartphone sales at Christmas January 22, 2013 SALES of phones running Google’s Android operating system continued to grow over the Christmas period, despite the release of Apple’s iPhone 5. Data from researchers Kantar Worldpanel found that Android increased its market share in key territories – the US, the UK, China and the EU – although Microsoft’s Windows Phone software is showing signs [...]
