Micro Focus slashes its revenue target August 11, 2010 Micro Focus International was forced to slash its full-year revenue target after underlying growth stalled in the first quarter, with customers delaying contracts and low-value deals remaining weak. The firm’s shares fell 31 per cent to a 16-month low yesterday after the company, which upgrades legacy mainframe applications for companies like Boeing and Tesco, updated [...]
Deutsche eyes EU greens August 11, 2010 Alternative energy investment prospects have shrivelled in the United States after the Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said. “You just throw your hands up and say… we’re going to take our money elsewhere,” said Kevin Parker, global head of the bank’s Deutsche Asset Management Division. [...]
New Five boss wanted Airey August 11, 2010 NEW Channel Five owner Richard Desmond was desperate to maintain the services of outgoing chief executive Dawn Airey before her shock resignation yesterday, according to industry sources. Airey has enacted a clause in her contract that guaranteed her a senior role at former Five parent company RTL in the event of the broadcaster being bought. [...]
BlackBerry faces India disconnection August 11, 2010 JUST days after avoiding its services being shut down in Saudi Arabia, BlackBerry is facing an even bigger problem, with India questioning whether to allow its services. The emerging economic superpower may temporarily shut down BlackBerry’s messenger and email facilities if security concerns are not addressed in a meeting later today. The news will heap [...]
Ousted HP boss lowest rated CEO August 11, 2010 THE HP boss who was forced out after allegations by a former porn star had the lowest employee-rating of any major tech chief executive. Glassdoor, a website that allows employees to anonymously rate companies and their bosses, has Mark Hurd languishing at just 34 per cent approval, falling as low as 19 per cent last [...]
Google Street View put under scrutiny by German officials August 11, 2010 THE German government said yesterday it will scrutinise Google’s promise to respect privacy requests by letting people opt out of its Street View mapping system and that it would be ready to intervene if necessary. The response to Street View has been overwhelmingly negative, even though Germans have been given assurances they can have images [...]
Minerva calls EGM following KiFin bust-up August 11, 2010 PROPERTY developer Minerva has called an emergency meeting to drum up support following demands for a boardroom shake-up from rebel investor KiFin, owned by billionaire Nathan Kirsh. In the latest chapter of an extended power struggle at Minerva, KiFin has proposed the sacking of chairman Oliver Whitehead and chief executive Salmaan Hasan and called for [...]
Saints left shocked after owner Liebherr dies at 62 August 11, 2010 SOUTHAMPTON Football Club was left stunned yesterday by the death of owner Markus Liebherr, aged 62. The billionaire Swiss businessman rescued the club from the brink of extinction in July 2009 when he completed an estimated £13m takeover. No cause of death was given. Liebherr was a member of wealthy family who specialise in construction [...]
Balfour Beatty sees profit lift August 11, 2010 CONSTRUCTION group Balfour Beatty said it was well-placed to withstand public sector spending cuts as it announced an increased order book and an earnings boost from its US acquisition. The construction firm said yesterday half-year pre-tax profit rose by 32 per cent to £141m, compared with £107m in 2009. “Our strategy has been to build [...]
Breeden dumps shares in Connaught after warning August 11, 2010 HEDGE fund Breeden European Partners has sold almost half its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than £13m in recent weeks. Breeden European had declared a stake of 13 per cent, or 18m shares, at the start of July, fuelling talk of a break-up [...]
