Boss of Charles Stanley blasts Keydata levy June 7, 2011 SHARES in stockbroker Charles Stanley jumped 7.3 per cent yesterday after it unveiled a 29 per cent hike in profits in the year to March. The wealth manager’s adjusted pre-tax profit rose to £17.7m from £13.7m in 2010, beating market expectations by about seven per cent, while earnings per share of 28.4p rose from 21.2p [...]
City MP throws his weight behind Broadgate campaign June 7, 2011 MARK Field, the MP for the Cities of London and Westminster, has thrown his weight behind our campaign to allow a new development on the Broadgate estate. Field, whose constituency is home to the 1980s development, said English Heritage was wrong to recommend the site for a Grade II* listing last week. If culture secretary [...]
HSBC settles US class action over Madoff June 7, 2011 HSBC said it has agreed to pay $62.5m (£38m) to settle a class action brought against it in the United States over its role in providing administrative services to a fund that placed cash with Wall Street swindler Bernard Madoff. The action was brought by investors in Thema International Fund, which transferred a net $312m [...]
GOVERMENT GIVES ARK FUNDRAISER £1M BOOST June 7, 2011 TOMORROW night’s Ark hedge fund gala has moved to the centre of the political agenda, after the government agreed to match private donations to the tune of £1m for the charity’s vaccination programme in Zambia. Led by development secretary Andrew Mitchell, the pledge is part of the government’s commitment to increasing British taxpayer contributions to [...]
Santander still failing to satisfy its customers June 7, 2011 AT the start of the year we looked at how Santander’s BrandIndex scores had nose-dived during 2010 taking it from competing with HSBC as the best perceived of the big banks to competing with RBS as the worst perceived. We saw that this decline was customer led (the biggest hit had been on recommendation) and [...]
HTC sees May profits double June 7, 2011 Taiwanese smartphone maker HTC said yesterday sales for May reached £860m, more than double the same month a year earlier. The monthly sales compared with £400m a year ago and £820m in the previous month. The handset manufacturer has seen its sales rocket since it started to predominantly produce handsets for Google’s Android mobile operating [...]
Ofcom 4G plan worries phone firm June 7, 2011 Everything Everywhere has raised fresh concerns over 4G spectrum auction plans proposed by Ofcom. The communications watchdog has set strict limits on the amount of 4G spectrum – used to power next generation mobile internet – each player can buy, partly in a bid to protect the UK’s smallest operator 3. Everything Everywhere is worried [...]
Apple strengthens its grip on music June 7, 2011 THAT Apple was ready to launch a cloud-based music service has been the worst-kept secret since a certain Welsh footballer tried to keep his name out of the newspapers. Exactly what Apple’s latest venture means for the industry, however, is only just becoming clear. Steve Jobs’ insistence on returning from medical leave to show it [...]
BIG NEWS FROM THE E3 GAMES EVENT June 7, 2011 THE highlight of yesterday’s E3 gaming showcase event in Los Angeles was the resumption of the console wars, with Nintendo unveiling the follow-up to its blockbuster Wii. When the Wii launched in 2006 Nintendo said it would change the face of gaming. It did, drawing in a whole new demographic and knocking Nintendo out of [...]
Sony unveils new console and apologises for elephant in room June 7, 2011 THE other big announcement from LA was from Sony, which finally released details of its new portable console. After issuing a grovelling apology to its users over the security breach that brought its PlayStation Network (PSN) to its knees, Sony showed off the Vita, calling it its biggest release since the PlayStation 3 five years [...]
