RIM cuts BlackBerry deal with India August 30, 2010 BLACKBERRY maker Research in Motion will give India access to secure data from tomorrow, a government source said yesterday, as the country looked to push RIM, Google and Skype to set up servers in India amid security concerns. Last night, the interior ministry said RIM had offered India a few proposals to access its secure [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2010 Wiggle Andy Bond, the chairman and former chief executive of Asda, has joined the board of the online sports and cycling retailer as a non-executive director. Bond, who is a keen cyclist, joined Asda in 1994 as a marketing manager. He held various positions including chief operating officer and marketing director before winning the top [...]
BEST OF THE BROKERS August 30, 2010 AGGREKO The temporary power supplier’s first half results were slightly better than expected last week, prompting Citigroup to raise its earnings per share estimates for the full year by 2.4 per cent. The broker believes the company’s continued ability to reinvest in itself merits a “buy” recommendation, with a target price of £17.33. DIAGEO Nomura [...]
PERSONALITY OF THE YEAR August 30, 2010 IT’S been another tough year in the City. Stock markets are still nervy, the recovery is by no means secure and a double-dip is on many people’s cards. But it is hard times that form characters. Our five nominees for Personality of the Year have proved their mettle over the past 12 months. One is [...]
After a slump and a court case the Virgin airline boss is ready for more August 30, 2010 Virgin Atlantic boss Steve Ridgway is still dealing with the fallout from the collapse of a price-fixing trial involving his airline. Despite not actually facing any charges, his firm, which has always styled itself as the people’s champion, was battered and bruised by the Office of Fair Trading (OFT) case, which alleged collusion between Virgin [...]
House prices fall further as demand dips August 30, 2010 BRITISH house prices suffered their biggest fall since April 2009 this month, declining by 0.3 per cent, property data company Hometrack said yesterday in its monthly survey of estate agents and surveyors. August is traditionally a weak month for British house prices, with many buyers on holiday, and Hometrack’s data are not seasonally adjusted. Nonetheless [...]
do you expect house prices to keep falling August 30, 2010 ED STANSFIELD | CAPITAL ECONOMICS We forecast the Nationwide survey to be five per cent lower at the end of this year compared to December 2009 and the outlook remains downbeat for 2011. The market has softened already before we have seen any real fiscal tightening. Although London is likely to remain resilient in the [...]
S&P CASTS DOUBT ON BANK REVIVAL August 26, 2010 RATING agency Standard & Poor’s (S&P) cast doubt on the strength of the UK banking sector’s recovery yesterday, saying lenders had been buoyed by a rising economic tide. The claim, made after this month’s bumper first-half earnings season, was immediately rebuffed by banking industry figures. While institutions realise they have been helped by an improving [...]
Nadir offers more cash to the Tories August 26, 2010 ASIL Nadir, the controversial tycoon who yesterday returned to the UK after 17 years living in exile, embarrassed the Conservatives by saying he would like to give them money. The notorious fugitive, who donated £500,000 to the Tories in the 1990s, said he would like to hand over even more cash to David Cameron’s party. [...]
Greece starts bank sell-off August 26, 2010 GREECE’S government took a step toward offloading its stakes in ATEbank and Hellenic Postbank yesterday when it named Deutsche Bank, HSBC and Lazard as advisers. A statement said the three investment banks would “explore and assess the Greek state’s strategic options, evaluate its holdings in the banking sector and assess the consequences of such options”. [...]
