RETURN TO SENDER: ROYAL MAIL SPINNER POSTS P45 TO ITV’S PR May 25, 2011 ALL GOOD things come to an end, and so it is that ITV is parting company with Tulchan, its financial public relations adviser of four years, The Capitalist can reveal. The commercial broadcaster, whose new press chief is former Independent and Sunday Telegraph journalist Mary Fagan, has told Tulchan it wants a regime change among [...]
DP World set for its London debut in June May 25, 2011 DUBAI-BASED ports operator DP World said yesterday it expects to list shares on the London Stock Exchange on 1 June, as it seeks to boost its liquidity by attracting a wider range of investors than from its listing on Nasdaq Dubai almost four years ago. DP World shareholders earlier this month approved a one-for-20 share [...]
Esure founder meets banks to discuss a float May 25, 2011 PETER Wood, chairman of UK motor insurer Esure, has been meeting investment banks to discuss its path to a stock market flotation, the company confirmed yesterday. Wood, an insurance industry sage who founded Direct Line in 1985 and Esure in 2000, has met bankers for very early stage talks over listing it on the London [...]
Zynga eyes market float May 25, 2011 SOCIAL games designer Zynga could file for a multi-billion dollar IPO as soon as next month. It is understood the firm is eager to cash in on the vociferous investor appetite for technology stocks following the bumper flotation of LinkedIn last week. The professional social network saw its shares surge 171 per cent during its [...]
CITY VIEWS: IS THERE IS A NEW DOT.COM BUBBLE? May 25, 2011 DEEPAK MALIK | AVIVA “I think possibly, yes. Companies such as LinkedIn are valued very highly and it’s not justifiable. It will be interesting to see what other websites such as Facebook and Twitter are valued at.” WARREN CAMPBELL | JUBILEE “I think there is but it’s not going to be as devastating as it [...]
CWC tumbles on tough Caribbean May 25, 2011 CABLE & Wireless Communications (CWC) yesterday saw its shares tumble over 11 per cent after it admitted conditions in its core Caribbean market were tougher than expected. The company’s shares closed at 42.41p – their lowest level since its demerger from the former Cable & Wireless Group in 2009. Full-year revenue at the firm rose [...]
Google set to launch mobile payments May 25, 2011 GOOGLE will today unveil its first “mobile wallet” technology that turns your phone into a touch-payment system. Google’s VP of commerce and payments Stephanie Tilenius said: “We’re making a big bet on it as a company. There is a lot of potential there.” It is understood the service, known as Near Field Communication (NFC), will [...]
BT to live trial new wireless broadband May 25, 2011 EVERYTHING Everywhere and BT Wholesale yesterday announced the first live trial of 4G LTE broadband. The project in Cornwall will use BT’s infrastructure and Everything Everywhere’s mobile network to provide superfast broadband to 700 rural premises. The firm says the trial will be used to test the performance of a 4G LTE network outside lab [...]
Sony suffers after hackers strike again May 25, 2011 JUST one day after admitting a 260bn yen (£2bn) loss for the year, Japanese electronics giant Sony yesterday revealed a fresh online security breach – this time for 2,000 customers of its Sony Ericsson joint venture in Canada. Sony spokesperson Atsuo Omagari said that names, e-mail and encrypted passwords may have been stolen from the [...]
Quintain cheers investors despite losses widening May 25, 2011 PROPERTY investor Quintain Estates saw its share price soar yesterday despite being hit by valuation write-downs as its annual pre-tax losses widened to £48.1m for the first three months of this year compared to a loss of £10.2m a year earlier. The developer of malls, student homes and regeneration schemes said full-year net asset value [...]
