Shares in European gaming firms surge post US crackdown on gambling sites April 18, 2011 SHARES in online gaming firms that have avoided the US crackdown surged yesterday, with European firms set to be the big winners. Shares in Bwin.Party, the firm formed by the recent merger between Bwin and poker site PartyGaming, jumped by almost 30 per cent. 888 recouped losses suffered after merger talks with Ladbrokes broke down [...]
Telenor could soon lose sway over Vimpelcom April 18, 2011 NORWAY’S Telenor faces losing its influence over Russian mobile operator Vimpelcom after fellow leading shareholder Altimo said it wants to scrap the company’s shareholder agreement to reflect the Russian telecom group’s recent blockbuster merger. Vimpelcom last week closed a $6bn (£3.7bn) cash-and-shares deal for 51.7 per cent of Orascom Telecom and 100 per cent of [...]
ANALYST VIEWS: IS PHILIPS ON THE RIGHT TRACK WITH ITS SHAKE UP? April 18, 2011 JONATHAN JACKSON | KILLIK & CO Philips is well positioned to take advantage of increasing income levels and the expansion of the middle class. In addition, its healthcare and lifestyle products play to the trend of an ageing population driving increased spending on health and well-being. ‘Buy’. VICTOR BARENO | SNS SECURITIES TPV Technology was [...]
DDD posts full-year loss April 18, 2011 DDD Group yesterday posted a full-year loss, but said the current year started in line with expectations, with growing demand for its 2G-to-3G conversion technology for desktops and TVs. Last month, the company said it hopes to break even in 2011 and post a first profit in 2012 as demand grows for 3D televisions, personal [...]
GE and Google invest in wind farm April 18, 2011 General Electric, Google, and two Japanese partners will invest about $500m (£307.6m) in a wind farm under construction in Oregon, the partners said yesterday. The $2bn Shepherds Flat project, due to be completed next year, will stretch over 30 square miles of north-central Oregon and generate enough energy for 235,000 US homes. The site’s developer [...]
Strong quarter for TD Ameritrade April 18, 2011 TD Ameritrade yesterday said net income increased 5.6 per cent to $171.7m (£105.6m), or 30 cents per share, in the second-quarter that ended 31 March, from $162.m, or 27 cents per share, a year earlier. Analysts on average were expecting 29 cents per share. Revenue rose 13 per cent to $718.2m, beating Wall Street estimates [...]
Online retail sucks life out of high street April 18, 2011 ONLINE retail is growing six times faster than high street sales and is forecast to hit £37bn a year by 2014, according to a retail survey. The rapid expansion is hitting high street retailers who are struggling to remain competitive with 40,000 shops closing over the past decade. Smartphones are fuelling the rapid online sales [...]
Nestle expands in China deal April 18, 2011 NESTLE, the world’s biggest food company, yesterday agreed to take a 60 per cent stake in China’s Yinlu Foods Group for an undisclosed price, becoming the latest multinational to target China’s fast-growing food and beverage sector. Family-owned Yinlu had sales of about SwFr750m (£515m) in 2010, Nestle said in a statement yesterday. Nestle did not [...]
Production resumes at Toyota plants hit by quake April 18, 2011 JAPANESE carmaker Toyota said yesterday it had resumed operations at all its domestic plants, which had been shut down since the earthquake and tsunami on 11 March, with production volume still at around 50 per cent due to a parts shortage. Toyota said it had started measuring radiation levels of its export vehicles, parts for [...]
Motor misery over Easter hols April 18, 2011 London motorists hoping to escape to the north over Easter are set for massive delays, as the government admitted that the M1 motorway is likely to remain partially closed over the bank holiday weekend. Two northbound lanes and one lane going south were shut yesterday in Borehamwood, north London, as emergency repair work continued on [...]
