Netflix loses rights to Disney movies as partner pulls plug September 1, 2011 NETFLIX suffered a big blow yesterday when a partner moved to pull thousands of Disney and Sony movies from its service. Cable television specialist Starz Entertainment will pull its movies and shows from Netflix’s popular video streaming service when the existing contract ends next February after renewal talks broke down yesterday. Starz said in a [...]
Mothercare joins shorted UK retailers September 1, 2011 INVESTORS stayed sceptical on the UK’s mid-market retailers in August, new figures from Data Explorers show. Mothercare and Ocado both joined the list of the most shorted stocks on the FTSE All-Share as hedge funds bet their shares would fall. Publishing group Yell, Argos owner Home Retail and Dixons were among the most shorted for [...]
HOW DOES LAYERING WORK? September 1, 2011 Q.WHAT IS LAYERING? A.Layering is a form of share price manipulation where traders place large block orders on a stock to drive its price up or down. They then take advantage of the manipulated prices to buy or sell the stock before cancelling the original order. It is also known as spoofing. Q.HOW DID THE [...]
Moat quits Orange JV amid shake-up September 1, 2011 OLAF Swantee’s first action after taking over as Everything Everywhere chief executive yesterday was to announce the resignation of the firm’s chief financial officer. Former T-Mobile chief executive Richard Moat leaves after twice being overlooked for the top job: first when he was pipped by Tom Alexander after the merger with Orange last year, and again [...]
AT&T battle with US regulators may drag on for years September 1, 2011 AN epic court battle between the US government and AT&T is set to dominate the telecoms landscape, with sources close to the network saying it will not accept regulators blocking its $39bn (£24bn) bid for T-Mobile USA. AT&T’s general counsel said it plans to seek an expedited hearing from the judge. But the firm faces an [...]
IBM buys software firm September 1, 2011 IBM has agreed to buy Toronto-based risk analytics software firm Algorithmics for $387m (£240m) in cash to enhance its financial services capabilities. The computing giant said the deal, which is expected to close before the end of October, expands its business analytics capabilities by helping clients manage financial risk. Algorithmics’ risk analytics software, content and [...]
Monitise doubles its revenues but shares falter on mounting losses September 1, 2011 MONITISE doubled its full-year revenues but failed to inspire the market yesterday as its shares slid 2.7 per cent. The mobile payments firm declared the last 12 months a “breakthrough year” despite increasing its pre-tax loss from £17m to £17.2m. It increased its revenues from £6m to £14m. The firm said the slightly bigger loss [...]
HTC predicts strong end to year September 1, 2011 HTC, the world’s fifth-biggest maker of smartphones, sees a strong end to the year as consumer demand for its latest gadgets defies macro-economic worries, a company executive said. “I am confident on Q3. We see a strong Q4,” Florian Seiche, head of HTC business in Europe, Middle East and Africa, said in an interview on [...]
Vodafone Greek merger cheered September 1, 2011 Vodafone regained some lost ground yesterday as the market appeared to warm to its deal to merge its Greek operations with a rival. It is in talks to fully merge with Wind Hellas in a deal that would create a duopoly in Greece. Analysts say Vodafone would achieve substantial savings through the tie-up as well [...]
LONG ISLAND COMES TO THE CITY IN CLUB FOR DISCERNING DINERS September 1, 2011 GERALD RONSON and his business partner Enzo Quaradeghini spent 12 years building up their joint restaurant and bar interests in Barcelona, Valencia and Madrid, including the Irish pub O’Sullivans and a 3,500-capacity club called Guru. But now the Heron International boss and the restaurateur have sold off their Spanish assets, Quaradeghini is free to devote [...]
