Samsung launches iPad 2 rival July 20, 2011 SAMSUNG yesterday launched a thinner, lighter version of its Galaxy tablet in a bid to claw back market share from a rampant Apple. The Galaxy Tab 10.1 inch is an upgraded version of the 7-inch tablet introduced in October. It has a bigger, brighter screen and weighs less than the iPad 2. However, it has [...]
BT forced into making cuts on broadband rate July 20, 2011 BT will have to cut the wholesale prices it can charge Internet Service Providers (ISPs) using its broadband network by 12 per cent on top of inflation each year, under a decision made yesterday by the regulator Ofcom. The price reduction, which will be in place by mid August of this year and continue until [...]
Playtech soars after signing bumper contract with gaming giant Gala Coral July 20, 2011 ONLINE gambling software provider Playtech said yesterday it has signed a long-term contract to provide a technology platform and gaming products to Europe’s biggest gambling company Gala Coral, sending its shares up almost nine per cent. Estonia-based Playtech said its products would support Gala Coral’s entire product range, including sports betting, and would take effect [...]
Imagination and ARM ride on Apple’s coat tails July 20, 2011 ARM Holdings surged almost six per cent yesterday, riding on the coat tails of Apple’s bumper results on Tuesday night. The UK chip designer creates chips for Apple’s blockbuster iPad and iPhone products. It is expected to feature a powerful new chip in the upcoming iPhone 5. Imagination Technologies, which also designs chips for Cupertino-based [...]
ANALYST VIEWS: IS THERE LIGHT AT THE END OF THE TUNNEL FOR YELL? July 20, 2011 ALAN HOWARD | CANACCORD This is more negative news on current trading for Yell, and another reminder that investors have yet to see any significant light at the end of the tunnel: the rate of decline of business, driven by the economic downturn and online migration, has yet to show any meaningful recovery. JUSTIN URQUHART-STEWART [...]
AstraZeneca hit as diabetes drug fails July 20, 2011 PHARMACEUTICAL giant AstraZeneca’s shares fell as much as 1.5 per cent yesterday after US medical regulators rejected its new diabetes drug because of its potential side-effects. Federal drug authorities said experimental diabetes medicine dapagliflozin should not be allowed on the market. The advisory panel vote on dapagliflozin, a once-daily pill designed to eliminate blood sugar [...]
Handelsbanken boosted by higher loan volumes and lending margins July 20, 2011 SWEDISH lender Handelsbanken said its financing position was strong when posting second-quarter profit that met forecasts yesterday, helped by rising loan volumes at home and improved lending margins. At a time of worries about bank exposure to the Eurozone debt crisis and rising funding costs, Handelsbanken said its funding position was sound — a liquidity [...]
BHP Billiton coal output rises – but flood still takes toll July 20, 2011 BHP Billiton, the world’s biggest miner, has reported a rise in coal output but said that flooding continues to hit production. Production of coal rose 19 per cent in the three months to 30 June compared to the previous quarter, it said. However, coal output is still down 28 per cent from the same period [...]
Hochschild says full year is still on track despite production fall July 20, 2011 LATIN American precious metal producer Hochschild Mining said output fell 13 per cent in the first half, as expected, and that it was on track to meet its full-year target. It produced 11.1m silver equivalent ounces in the first half due to lower grades at the company’s two main Peruvian operations, declining output from its [...]
AFREN CUTS PRODUCTION FORECAST July 20, 2011 Africa-focused oil and gas firm Afren has cut its 2011 production guidance by at least 25 per cent due to facilities stoppages, as it warned its output level at the year-end would be lower than previously forecast. The company, operating mainly in Nigeria, said it expected full-year production to average between 25,000 and 30,000 barrels [...]
