BEST OF THE BROKERS April 17, 2011 SAB MILLER Deutsche Bank rates the brewer “hold” with a target price of £23. The broker expects to see two per cent growth in organic lager volumes when the firms releases its annual update tomorrow – a strong performance given this year’s late Easter dampening sales for the past quarter and very strong sales this [...]
Facebook may roll out new targeted ads April 17, 2011 FACEBOOK, the world’s most popular social networking site, is preparing to roll out a new wave of highly targeted adverts using data uploaded onto its users’ pages. The site has been testing software that allows ads to read in real-time information uploaded onto status updates and wall posts. Facebook is home to unprecedented volumes of [...]
Price of mangoes shows how inflation is biting April 17, 2011 I finished work the other evening and was in the mood for a mango salad. So, full of anticipation, I stopped by my local grocers only to be met by a horrible sign. Mangoes: £2.40. Each. What? Since when? Since inflation started spiralling out of control, that is. Chinese price rises are the latest big [...]
Kuwait billionaire al-Kharafi dies April 17, 2011 Egypt Kuwait Holding’s stock tumbled 9.7 per cent yesterday after its chairman, Kuwaiti billionaire Nasser al-Kharafi, died while on a trip to Cairo. Kuwait’s state news agency KUNA said yesterday Kharafi had died after suffering a heart attack. An earlier report from Al Arabiya television said he died on Saturday.
Tokyo Electric Power deadline April 17, 2011 US Secretary of State Hillary Clinton yesterday urged Japan to remain active on the world stage and pledged support for Washington’s key ally in East Asia as the operator of a stricken nuclear plant finally set out a timeline to shut it down. Tokyo Electric Power Co. (TEPCO) said it hoped to achieve a cold [...]
Russia looks to alter web laws April 17, 2011 Russia is looking to the experience of other countries, including China, to “regulate” internet use, though Moscow has no plans to broaden web censorship, a government spokesman said. Weeks after hacker attacks temporarily closed down the country’s most popular blog site, a state tender calling for research into “foreign experience in regulating” the internet has [...]
NEW WII CONSOLE LIKELY April 17, 2011 Just weeks after the launch of Nintendo’s top-selling 3DS console (above), sources say the Japanese firm is preparing to unveil a follow-up to its Wii (left) at the E3 event in June. It may feature an HD touchscreen display on its control pad.
The man who’s locking horns with indecisive EU regulators April 17, 2011 MENTION Brussels to any senior London-based insurer and you will always get the same reaction: anger and exasperation. With just over 18 months to go before the introduction of Solvency II, the insurance industry’s equivalent of the new Basel III banking rules, European regulators have still not produced a framework that properly reflects the business [...]
J&J in talks to buy Synthes April 17, 2011 JOHNSON & Johnson is in talks to buy Swiss medical device manufacturer Synthes, the world’s largest maker of surgical implants to treat bone fractures and spinal injuries, for about $20bn (£12.2bn). Synthes, based in West Chester, Pennsylvania (US), trades on the Swiss Exchange. With its current market capitalisation of $18.4bn (£11.2bn), the deal would be [...]
THE GOOD, THE BAD AND THE UGLY AS CITY FIRMS RUN… AND RUN April 17, 2011 HOGAN Lovells partner Richard Tyler will be walking down the stairs sideways for the next three days after completing yesterday’s physically and mentally exhausting 26.2 mile Virgin Money London Marathon. “Towards the end of the race you end up running not much faster than you can walk because your legs wind down like a spring,” [...]
