Brave new worlds drive mobile radio maker Sepura to a profit November 22, 2012 MOBILE radio manufacturer Sepura swung to a profit in the first half of its financial year, as the Cambridge-based company’s push into new markets and recent €8m (£6.5m) acquisition of Vienna-based 3T Communications paid off. The company has pushed into overseas markets and the commercial sector in the last two years in a bid to [...]
Judge orders details of Apple’s HTC agreement to be revealed November 22, 2012 APPLE will have to disclose details of a peace treaty with HTC to its arch-rival Samsung, a US judge has ruled. In the latest development in the ongoing patent wars between the world’s two most successful smartphone makers, the Korean company’s lawyers will have special access to an agreement between Apple and HTC signed earlier [...]
Murdoch sells News Corp stock November 22, 2012 News Corp chairman and chief executive officer Rupert Murdoch sold $10m (£6m) of the company’s Class A shares on 20 November, according to a regulatory filing on Wednesday. The sale of 418,631 Class A shares represent about five per cent of Murdoch and his family’s total Class A shares. Murdoch and his family control News [...]
Orange launches free text app November 22, 2012 Orange, the mobile brand of France Telecom, launched a global free calling and texting application yesterday, in direct competition with services such as Skype, WhatsApp and Viber. Giles Corbett, who developed the application called “Libon” for Orange, said telecom operators needed to come up with equivalent services. Libon will be available for smartphones in early [...]
Australia revises its tax laws November 22, 2012 Australia released draft revisions to tax laws yesterday, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower. Australia’s assistant treasurer David Bradbury said the laws were being revised to ensure that companies [...]
Pay gap falls to less than 10pc in new record November 22, 2012 THE GENDER pay gap has narrowed to less than 10 per cent for the first time in 15 years since records began, official data out yesterday revealed, just as the gap between public and private sector pay widened. This came as City pay packets took a blow. Annual gross pay in Tower Hamlets – which [...]
Gloomy manufacturing output raises fears of renewed slump November 22, 2012 UK MANUFACTURING output will fall over the next three months, businesses said in a survey out yesterday, leading analysts to suggest the economy could slip back into decline in the fourth quarter. Of the 409 manufacturers responding to the Confederation of British Industry’s (CBI) industrial trends survey for November, only 19 per cent expect to [...]
Chinese factories bounce back November 22, 2012 China’s manufacturing sector turned around recent bad times in November, according to a business survey out yesterday, hitting a 13 month high in output. China’s overall purchasing managers’ index for the manufacturing sector hit 50.4 in November, the figures from Markit and HSBC showed, just above the crucial no change level of 50, and thus back [...]
MPs want new rules on honours November 22, 2012 The Public Administration Select Committee (Pasc) this morning called for firmer rules on honour forfeiture, instead of so-called trials by media like that it says contributed to former RBS boss Fred Goodwin losing his knighthood. Pasc says ever since the Goodwin case, the committee has been peppered with “calls for the forfeiture of the honours [...]
Network Rail’s debts soar as it upgrades track November 22, 2012 THE OWNER of Britain’s railway has posted a rise in profits as it makes progress in upgrading the network, though its debt pile has ballooned by almost £1bn to £28bn in the space of six months. Network Rail, the not-for-dividend body responsible for maintaining tracks and signalling, spent £2.06bn on improving the railway in the [...]
