Intel ups ante on ARM with raft of new tablet PCs May 18, 2011 INTEL fired yet another warning shot across the bows of ARM Holdings yesterday, revealing that it will release at least 10 new tablet computers powered by its chips. Intel has failed to break into the market for mobile microprocessors, which is cornered by Cambridge-based ARM. However, Intel boss Paul Otellini told the firm’s investors this [...]
Green light for UK nuclear power May 18, 2011 THE UK is to push on with its nuclear plant building plans and let existing reactors run as normal, the government said yesterday after its nuclear watchdog dismissed fears of a Fukushima-like disaster in the UK. The UK’s position directly contrasts with that of Japan, Germany and Italy, which are re-thinking their nuclear plans after [...]
UK Mail says firms are facing unprecedented rise in post costs May 18, 2011 UK MAIL yesterday warned its margins would be eroded by above-inflation price increases being brought in by Royal Mail this month. Royal Mail is putting up wholesale charges for bulk users of its delivery services by 20 per cent, on top of a 4p hike in the price of a second-class stamp. Guy Buswell, UK [...]
TURTLES DITCH DAY JOB FOR HEDGE FUND BREAK May 18, 2011 SOME of the City’s brightest talents will hand in their notices this week to pursue potentially even more lucrative careers as hedge fund traders. Oxbridge graduate Will Jukes, 27, who trained at Ernst & Young before working at RBS and most recently as a freelance financial analyst, will be much missed by his well-known Westminster [...]
Former Tory MP Jack gets the Topps job May 18, 2011 FORMER Tory MP Michael Jack has taken over as chairman of Topps Tiles after the company said yesterday Barry Bester had stood down with immediate effect. Jack, who represented Fylde between 1987 and 2010, joined the Topps board in 1999 and was its senior non-executive director. In addition to his role at Topps Tiles, the [...]
C&C boosted by UK cider sales May 18, 2011 IRISH drinks company C&C expects its underlying 2011-12 earnings to rise between seven and 14 per cent, boosted by a rise in UK cider sales. The company said it had met full-year forecasts, with earnings before tax reaching €100.5m, and said expectations for the forthcoming year had been raised following strong sales of its Magners [...]
Cineworld box office takings fall May 18, 2011 Revenues at the UK’s biggest multiplex cinema chain Cineworld have fallen 8.9 per cent in the last five months to 12 May. The company said trading for the year was affected because there were no major 3D releases during the year after the success of Avatar and Alice in Wonderland in the comparative period last [...]
Sales up at French Connection May 18, 2011 Sales at fashion retailer French Connection rose 3.6 per cent in the first three months of this year, with overall progress boosted by the company’s global wholesale business which performed strongly during the period, with deliveries well ahead of last year. French Connection has recently expanded its international franchise network with store openings in Russia, [...]
ABERCROMBIE & FITCH BUCKS RETAIL WOES May 18, 2011 TEEN retailer Abercrombie and Fitch has beaten profit estimates for the fourth time in a row. Sales have been recovering since 2010, driven by international sales and a gain in market share after it lowered prices. In the first quarter, sales rose 22 per cent to $836.7m, helped by a 64 per cent increase in [...]
Landlords hit as retailers shut up shop May 18, 2011 LANDLORDS are being squeezed as struggling retailers abandon high streets which are losing out in the battle against malls, according to property experts. As cash-strapped consumers rein in their spending the face of the UK’s high streets are changing with major chains closing hundreds of stores. As much as 14.5 per cent of the UK’s [...]
