ARM boosted by Microsoft tie-up April 13, 2011 SHARES in chip designer ARM Holdings rocketed almost seven per cent yesterday after Microsoft unveiled its latest round of software running on its processors. Microsoft showcased the new version of its Internet Explorer browser running on an ARM-designed chip. The demonstration followed a similar announcement earlier this year that Microsoft would use ARM processors in [...]
Second warning on profits in week sees Alterian stock drop April 13, 2011 ALTERIAN stock slumped more than a third yesterday after its second profit warning in just over a week. The marketing software provider said its full-year results would be “materially lower” than anticipated. An Alterian spokesman said: “The expected further shortfall arises from both revenue and routine operating costs in comparison with market expectations.” Earlier this [...]
ANALYST VIEWS: WHAT DOES THIS PROFIT WARNING MEAN FOR ALTERIAN? April 13, 2011 ALEX JARVIS | PEEL HUNT We have made provisional revisions to the current year and substantially reduced full-year 2012 and 2013 forecasts as evidently it will need to be rebased. We provisionally value the company on two times full-year 2011 revised sales, implying a 135p target price, assuming £8m net cash. GEORGE O’CONNOR | PANMURE [...]
Cheaper Kindle featuring ads to go on sale April 13, 2011 AMAZON?yesterday announced it will release a cheaper model of its Kindle e-reader that will feature adverts. It will initially go on sale in the US at a $25 (£15) discount, selling for $114 instead of the usual $139 price-tag. Users will, however, have to accept special offer adverts and sponsored screensavers. The first series of [...]
ASML hit by fears over supply chain April 13, 2011 Dutch chip equipment maker ASML, a bellwether for the European tech sector, said yesterday some customers were holding back on confirming orders because the Japan quake had disrupted their supply chain. ASML, the world’s largest maker of semiconductor lithography machines, which map out electronic circuits on silicon wafers, reported a record quarterly profit on strong [...]
Flying Brands in new profit alert April 13, 2011 Mail order gardening group Flying Brands warned that its profit for the year would be well below market expectations as its traditional flowers business continues to be hit by increasing competition and weak consumer spending. The Jersey-based company, which provides mail order flowers, bedding plants and gardening products, said it also saw sales from its [...]
Slow growth for American retail sector April 13, 2011 RETAIL sales in the US rose for the ninth straight month in March but at a weaker rate than expected, it was revealed yesterday. On a mixed day of news for the US economy, sales were announced at 0.4 per cent up on February, largely driven by higher petrol prices. Receipts at petrol stations, which [...]
Barclays warns that inflation could soar past five per cent April 13, 2011 INFLATION could still rise above five per cent this year, economists at Barclays claimed yesterday. The announcement surprised analysts after consumer price inflation sank to four per cent in March, from 4.4 per cent the previous month. However, strong upwards pressures in food and energy costs will drive inflation to a peak of 5.1 per [...]
Industry in the Eurozone continues to edge upward April 13, 2011 INDUSTRIAL production in the Eurozone has increased for the fifth month in a row, recording a 0.4 per cent increase in February and up from 0.2 per cent the previous month, the EU’s institute of statistics Eurostat announced yesterday. The result was weaker than expected, coming in at half the market expectations of a 0.8 [...]
ECB’S MERSCH: LOW RATES ARE TEMPORARY April 13, 2011 MORE hawkish warnings from the European Central Bank were voiced by senior official Yves Mersch yesterday. “A policy of low interest rates can lead to distortions,” Mersch said. Accommodative interest rates “can only be temporary”, he stressed, warning of the “very negative consequences” of historically low rates.
