Autonomy wins contract from UK finance regulator October 13, 2010 Software group Autonomy said yesterday it had signed a major deal with a UK regulator, believed to be the Financial Services Authority. The group, whose share price fell after it revised its sales estimates down by three per cent last week, said it had entered into “a multi-million dollar agreement with a UK regulatory authority [...]
BEST OF THE BROKERS October 13, 2010 ATKINS Brewin Dolphin has downgraded the design and engineering firm to “reduce” from “hold” with an unchanged target price of 675p, ahead of the government spending review this month. The broker believes that any upside from the firm’s recent acquisition of American peer PBSJ will be offset by spending cuts. Brewin sees scope for a [...]
Hochschild ups Peru stake £10m October 13, 2010 South American precious metals producer Hochschild has doubled its interest in a gold and silver mining project in Peru, it said yesterday, paying $15m (£10m) for a 60 per cent controlling interest to joint venture partner International Minerals Corporation (IMZ). The London-listed firm also acquired a 3.2 per cent stake in IMZ through a private [...]
ISA allowance to rise from April October 13, 2010 The Individual Savings Account (ISA) limit will be increased by £470 in April next year, the government has confirmed. The increase is in line with the rate of inflation of 3.1 per cent in September as previously announced in the Budget. The increase means the amount savers can put into a stocks and shares ISA [...]
UK start-ups at record high October 13, 2010 The number of new UK business start-ups reached 204,361 in the first half of 2010, the largest number for well over a decade, a report said yesterday. Business support group Yoodoo, which analysed Companies House data said there was a 51 per cent increase in the number of new businesses being created, compared to the [...]
Tech firms get finance boost October 13, 2010 FINANCE firms replacing their computing infrastructure is driving a surge in the technology industry, according to Intel’s European boss Tristan Wilkinson. A number of major UK?finance firms have updated their systems to cope with increasing demand for high speed transactions, after a two-year lag caused by the recession. Intel on Tuesday reported a third successsive [...]
Intel will finally enter tablet and phone markets October 13, 2010 INTEL is “in talks” with manufacturers and will soon belatedly enter the smartphone and tablet markets. The chip maker has been left behind in the market for mobile devices, which has grown exponentially since the launch of Apple’s iPad and the growing range of next-generation smartphones. Intel’s European boss Tristan Wilkinson told City A.M. the [...]
CITY MOVES | WHO’S SWITCHING JOBS October 13, 2010 PwC The accountancy firm has appointed three new senior managers to its business continuity team, part of the risk assurance practice. Tom Buchanan, who previously worked at Barclays and Tesco, joins the crisis management team. James Cooke joins from Deloitte to focus on IT disaster and service recovery planning, while James Crask (pictured) will develop [...]
Blood on the beach as Apprentices get nasty October 13, 2010 The great mystery of The Apprentice is when everyone actually sleeps. After last week’s midnight challenge, they were this time woken at 5.30am. Summoned to Heathrow, it was an elaborately cruel way to announce their new task: to create and pitch a new beach accessory. In the ever-inspiring confines of Terminal 5, the teams had [...]
Aer Lingus profit to hit top of forecasts October 13, 2010 Irish airline Aer Lingus yesterday said it expected to report full year underlying operating profit at the top end of market forecasts provided industrial action by cabin crew and pilots doesn’t disrupt operations. Earlier cabin crew at the former flag carrier started “work to rule” action against management plans for increased working hours at the [...]
