Nokia opens new front in Apple battle December 16, 2010 NOKIA stepped up its patent war with Apple yesterday, filing 13 new complaints with authorities in Germany and Holland. Nokia claims the iPhone maker infringed its patents in its blockbuster mobile handset. The escalating battle between the two started more than a year ago when Nokia filed its first case in the US. Nokia’s new [...]
Twitter raises $200m in new funds valuing it at over $3.7bn December 16, 2010 TWITTER has been valued at a staggering $3.7bn (£2.37bn) after raising $200m in a refinancing deal. The funding, from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors, underscores the high hopes investors have for social networking sites. Twitter, which has more than 175m users, says it will use the [...]
ITV to join the BBC at the new MediaCity development in Salford December 16, 2010 ITV will join the BBC at the new MediaCity development in Salford Quays, it announced yesterday. The firm says the move shows its commitment to production in the north west. It thrashed out the deal with John Whittaker’s Peel Group, the firm locked in a power struggle over the Trafford Centre in Manchester. ITV chief [...]
ALSO OUT THIS WEEKEND December 16, 2010 FILM BURLESQUE Christina Aquilera makes her film debut in this excerable drama, co-starring Cher. ANIMALS UNITED Safari-centric kids animation, with James Corden and Stephen Fry among the voices.. LOOSE CANNONS A beautifully-made Italian comedy all about – what else? – the family. DVD THE EXPENDABLES Sly Stallone and a bunch of other past-it duffers – [...]
Ashmore in transatlantic funds push December 16, 2010 EMERGING markets specialist Ashmore Investment Management has won US regulatory approval to market five funds in the United States, aiding efforts to broaden its global client base. The five funds will invest in local currencies, as well as sovereign and corporate emerging market debt, the investment manager said yesterday. “There is growing demand among US [...]
BG Group strikes oil in Brazil December 16, 2010 BRITISH oil and gas firm BG Group said yesterday it found oil to the west of the Tupi discovery off the coast of Brazil, giving it further confidence in its recently upgraded resource estimates for its Brazilian oil fields. BG said yesterday that initial results from the well, drilled 11 kilometres from the first Tupi [...]
Balfour Beatty signs up for £106m schools work December 16, 2010 INFRASTRUCTURE group Balfour Beatty finalised two school construction projects yesterday in a deal due to net them £106m. Balfour will work for Ealing and Oldham councils to deliver two brand new secondary schools under public private partnership (PPP) contracts and refurbish two other schools. The company will invest equity of up to £6.3m in the [...]
CITY MOVES | WHO’S SWITCHING JOBS December 16, 2010 Bluefin Wealth Management Bluefin Wealth Management, a subsidiary of AXA, has appointed two new financial planners in its London office. Geoffrey Winchester (pictured) joins the firm from St James’s Place Wealth Management, where he was consulting on wealth management and has previously worked at Edward Jones and HSBC as a stockbroker. Paul Bradley joins Bluefin [...]
The pursuit of a style less ordinary December 16, 2010 LAST week Patrick Grant was the director of a medium-sized Savile Row tailor’s and creator of a little-known, ready-to-wear offshoot that had been causing ripples in fashion circles. This week, after being crowned Menswear Designer of the Year at the British Fashion Awards – a shock victory over the likes of Paul Smith and a [...]
African Minerals finds more iron December 16, 2010 Iron ore explorer African Minerals said its flagship Tonkolili project in Sierra Leone contains more iron ore than previously thought. The Tonkolili project holds 12.8bn tonnes of iron ore, according to the latest resource estimate, up from 10.5bn tonnes announced in February. The update incorporates the Numbara, Simbili, Marampon and Kasafoni deposits at Tonkolili. Resources-hungry [...]
