After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
ANALYST VIEWS: IS DIXONS ABLE TO TURN THE CORNER IN THIS MARKET? May 12, 2011 MATTHEW MCEACHRAN | SINGER They have retained their guidance for £85m profits before tax for the full year. This should come as a relief. They remain cautious on the outlook, though, especially given tough comparatives from World Cup and iPad exclusivity. High net debt, and a pension deficit, means the rating looks too high. NICK [...]
RECOVERY HINGES ON IPAD 2 May 12, 2011 DIXONS Retail is pinning its hopes for a revival in fortunes on iPad 2 sales. The company issued a profit warning a month ago, saying trading had been weak since January. But Dixons has opened 60 new megastores, and sales of the iPad 2 have been soaring according to chief executive John Browett. He yesterday [...]
Clinton turns to the web May 12, 2011 Clinton Cards is to unveil its new website next week in a bid to reverse falling sales, the struggling retailer said yesterday. Customers will be able to personalise cards with their own pictures and messages on the new site, while a smart phone application is expected to follow soon after. Same-store sales across the group [...]
Luminar backed despite loss May 12, 2011 Struggling British nightclub operator Luminar reported a full-year loss yesterday as sales continued to decline, and said its lenders had agreed to waive a key test of its banking covenants. The company, which operates the Oceana and Liquid clubs, reported a pre-tax loss of £1.1m for the year to 26 February, in line with expectations, [...]
Lookers warns on confidence May 12, 2011 New and used car dealer, Lookers, said trading in the first quarter was ahead of budget but poor consumer confidence was hitting business. It warned new car sales were well down on last year, when the scrappage scheme was in its last month. Lookers said the UK new car retail market was down by 18 [...]
Inflation-tied bond is back for investors May 12, 2011 INDEX-LINKED bonds are being brought back, giving investors the chance to capitalise on the soaring rate of inflation. National Savings and Investments (NS&I) has reintroduced a bond linked to the retail price index (RPI) rate of inflation. The five-year product allows savers to invest up to £15,000 tax free, with an interest rate of 0.5 [...]
CITY VIEWS: ARE YOU LOOKING AT DIFFERENT WAYS TO SAVE MONEY? May 12, 2011 CHARLOTTE PEMBER | STANFORD RESOURCING “Yes, I invest in shares instead of with high street banks. With the rates you get with the banks there is hardly any return on the money you’re looking at. There are other ways to get a better return, such as with a fund manager.” BARRY LUBBERDINK | WILDNET “Yes. [...]
BIG FOUR HIT BACK AT APPRENTICE PUT-DOWN May 12, 2011 EDWARD Hunter, the only City representative on this year’s series of The Apprentice, must be regretting his bold claim that he is “more than just an accountant”. Hunter trained at PwC in Reading before taking a job in the accountancy division of Scottish & Southern Energy, but quit his job this time last year to [...]
MacKenzie makes online sports move May 12, 2011 TALKSPORT founder Kelvin MacKenzie is preparing to go head to head with the commercial radio business he sold to UTV Media for £92m in 2005 by launching an online sports TV channel, Sports Tonight. MacKenzie (pictured), who pitches the web TV channel as “Sky Sports News meets TalkSport”, is soft-launching the venture with an estimated [...]
Shell fires up Arctic drill plan May 12, 2011 ROYAL DUTCH SHELL yesterday submitted plans to explore for oil in Alaska’s Chukchi Sea, as it continues its long-delayed bid to tap vast oil and gas resources in Arctic waters. Shell’s proposal calls for up to three wells off the Northwestern coast of Alaska in 2012 and up to three more in 2013, a Shell [...]
