Vestas’ full order book impresses August 17, 2011 DANISH wind turbine maker Vestas wrong-footed investors yesterday, announcing a bulging order book that contrasted with solar power Evergreen Solar’s bankruptcy filing two days ago. “Despite global uncertainty, we feel that Vestas is in a good position to get the order intake that we have outlined,” chief executive Ditlev Engel said, referring to a forecast [...]
AEA Technology confident of progress despite gloomy outlook on UK growth August 17, 2011 AEA TECHNOLOGY Group continues to be cautious about market conditions in the UK and Europe but overall remains confident of its business position. AEA – an AIM-listed technical, energy and sustainability consultancy – said yesterday the actions taken to reduce its cost base in the last year combined with additional reductions this year are helping [...]
Anglo Irish cuts 350 jobs as part of restructuring August 17, 2011 Nationalised lender Anglo Irish Bank yesterday said it will cut up to 350 jobs by the end of next year, 130 of which will come from its workforce in Ireland. The Irish Bank Officials Association, a union for finance workers, will today start talks with the failed bank over how cuts will be handled.
Irish Nationwide loses chief exec after takeover August 17, 2011 The chief executive of Irish Nationwide building society is leaving the defunct lender following its takeover by Anglo Irish Bank, management at Anglo told staff yesterday. Gerry McGinn took charge of the failed lender two years ago. The bank is being wound down, together with Anglo, as part of the country’s bailout.
Xchanging scores contract with BAE Systems August 17, 2011 Struggling tech firm Xchanging yesterday boosted its flagging share price by 9.5 per cent with news of a $150m (£90.6m) contract to procure some back-office services for BAE Systems over the next seven years.
Blinkx to host Future’s web magazines August 17, 2011 BLINKX, the world’s biggest video search website, added mountain biking, heavy metal music and gaming to its burgeoning content portfolio yesterday as it penned a partnership with magazine group Future Publishing. Future, which produces magazines such as Metal Hammer and Xbox World 360, will make all of its 100 or so digital magazines available on [...]
Motorola director quits firm August 17, 2011 MOTOROLA director William R Hambrecht (pictured right) has quit the company just two days after Google made a shock $12.5bn (£7.6bn) bid for the phonemaker. Hambrecht had been installed on the board by activist investor Carl Icahn, who had campaigned for the firm to be split in half, which came to fruition in December. The 76-year-old [...]
Bloomberg wins case against pregnant women August 17, 2011 Bloomberg has won a significant court victory after a US judge denied a class action discrimination suit brought against the financial news and media services company by pregnant women. The privately-held New York-based Bloomberg, founded by New York City Mayor Michael Bloomberg, was sued in Manhattan federal court in 2007 by the Equal Opportunity Commission [...]
Hochtief beats forecasts with a jump in orders and airport disposal progress August 17, 2011 GERMANY’S largest builder Hochtief beat forecasts for second-quarter earnings, thanks to a rise in new orders, and said it was pleased with the progress in selling its airports division. The company also confirmed its full-year outlook for 2011-2013, and said it expected its troubled Australian unit Leighton to return to strong performance soon. The group [...]
SAS swings into profit as cost cuts start to pay off August 17, 2011 SCANDINAVIAN airline SAS yesterday beat forecasts as it swung to a second-quarter pre-tax profit yesterday and said it was on track for the full year, lifting its shares up 21 per cent. “I stand by the outlook we gave in the first quarter that we will be in the black for the whole of 2011,” [...]
