Betting firm Bwin.party ahead by a nose as revenues inch up May 16, 2012 BETTING giant Bwin.party yesterday reported revenues of €215.9m (£172.5m) for the first quarter, up less than one per cent on the same period last year. Shares in the firm fell by five per cent after it said growth in online casino games has been partially offset by reduced margins in sports betting. “Trading performance overall [...]
Samsung value drops $10bn on fear Apple has picked rival chip May 16, 2012 SAMSUNG saw $10bn (£6.3bn) wiped off its market capitalisation on Tuesday following suggestions that Apple has placed a huge order for memory chips with a rival. Shares in the South Korean electronics giant tumbled 6.2 per cent after Taiwanese site DigiTimes said Apple has bought half the capacity of a DRAM chip manufacturing plant operated by [...]
Larger four inch screens set to feature on the iPhone 5 model May 16, 2012 APPLE is said to have put in orders for the production of its next iPhone offering and changed the size of the device’s screen. Sources say the fifth generation iPhone will sport a four inch screen when measured diagonally from cover to cover, compared to the current 3.5 inch display. Early production of the popular [...]
Sepura buys Vienna-based 3T for £6.4m May 16, 2012 SEPURA, a company involved in the design, development and supply of digital radios, yesterday announced the acquisition of Vienna-based 3T Communications. The deal will cost Sepura initial cash consideration of €8m (£6.4m) with further contingent consideration of up to €5m payable dependent on 3T achieving certain targets over an earn-out period. 3T designs and implements [...]
SUPERHERO BOX OFFICE BOOST FOR CINEWORLD May 16, 2012 CINEWORLD said yesterday that its revenue for the 19 weeks to 10 May was up 6.3 per cent due to higher box office sales. The UK’s only listed cinema chain also said it was confident that growth for the full-year would match market estimates. Box office revenue rose 8.6 per cent, boosted by big ticket [...]
BG and Ophir in new Tanzania gas discovery May 16, 2012 BRITISH gas firm BG Group and explorer Ophir Energy said yesterday they had found more gas off the coast of Tanzania, raising hopes that the East African country will become a major new gas province. The partners said that the discovery at the Mzia well will provide a substantial boost to their total estimate of [...]
Lamprell shares plunge after it warns over looming losses May 16, 2012 OIL rig maker Lamprell yesterday saw its stock plummet after it warned that it was heading for a first half loss triggered by delays in obtaining key equipment. The bleak outlook sent investors running for cover with shares diving by more than 60 per cent after the emergency announcement. The blow came two weeks after [...]
Renewable energy output fuels SSE’s profit rise and offsets 20pc slump in retail division May 16, 2012 ENERGY giant SSE yesterday reported a two per cent rise in full-year profit supported by higher renewable energy output which helped offset a drop in customer numbers and lower energy demand. The utility company’s adjusted profit for the year ended March 2012 came in at £1.34bn. It said operating profit at its wholesale business unit [...]
Tullow to step up its Guiana drill operation May 16, 2012 OIL explorer Tullow yesterday said it was stepping up work on its Zaedyus discovery in French Guiana. The FTSE 100 company, which has a 17 per cent stake in the project, said a drill ship would start work next month, in a trading update covering 1 January to 16 May. An appraisal will be carried [...]
World economy shows signs of improvement May 16, 2012 THE GLOBAL economic recovery is back on despite the Eurozone crisis, according to new survey data published yesterday. North America is expected to see economic growth of 2.4 per cent in the next year, according to the Ifo Institute’s world economic climate indicator, while Asia is set to return to its trend rate with GDP [...]
