JD Sports sales rise thanks to the World Cup June 9, 2010 JD Sports said yesterday its sales have received a lift in the build up to the World Cup in South Africa. In the 18 weeks from 31 January to 5 June, like-for-like sales rose 4.1 per cent. That was up from the two per cent increase reported after the first 10 weeks of the period. [...]
ANALYST VIEWS: WILL ASOS’ SUCCESS CONTINUE? June 9, 2010 JEAN ROCHE | PANMURE GORDON “Asos has delivered a better-than-expected set of preliminary results. Current trading is very strong and the company has revealed plans to develop a large warehouse, which has future capacity of over £1bn, taking it toward its stated aim of achieving £1bn sales in five years time. We reiterate our buy [...]
Misys shares surge on £1bn Allscripts sale June 9, 2010 SOFTWARE giant Misys yesterday saw its stock rocket by a fifth after announcing it will part with its US healthcare joint venture for a staggering £1bn. Misys sold most of its 55 per cent stake in Allscripts for £900bn, in a deal that paves the way for Allscripts to complete an long-mooted merger with arch-rival [...]
LISTED PRODUCT NEWS June 9, 2010 WORLD CUP COMMISSION PROMOTION Barclays Stockbrokers is celebrating the World Cup in South Africa by offering a 4-4-2 promotion, relating to the famous football formation. From the evening of 12 June Barclays Stockbrokers will offer heavy discounts on online trading commissions of just £4.42 for as long as England stays in the tournament. This compares [...]
Former tech chiefs vie for government June 9, 2010 TWO former silicon Valley chief executives are challenging for top political jobs in the US. Republican Carly Fiorina, the former Hewlett-Packard boss, is running for a seat in the US senate. She beat off other candidates to win the right to run against incumbent Barbara Boxer for the California seat. And Meg Whitman, former chief [...]
Blinkx software to change web June 9, 2010 BLINKX, the world’s largest video search engine, yesterday launched new software it says will revolutionise browsing video on the net. The services will offer users immediate access to blinkx’s massive library of over 35m hours of video within their web browser. Blinkx founder Suranga Chandratillake said: “These four add-ons will change the way users interact [...]
Autonomy in CA acquisition June 9, 2010 CAMBRIDGE-BASED software firm Autonomy yesterday said it will buy CA Technologies Information Governance unit for an undisclosed sum. The acquisition is not expected to have a material impact on Autonomy’s 2010 revenue, profit or cash flow. Neil Araujo, chief executive of Autonomy unit iManage said: “The combination of Autonomy with CA will further strengthen Autonomy’s [...]
JPMORGAN IN CHINESE JOINT VENTURE June 9, 2010 JPMORGAN Chase, lead by chief executive Jamie Dimon, unveiled a joint venture with Chinese state-owned First Capital Securities yesterday, which is the latest move by global investment banks to exploit China’s booming capital markets. The venture will underwrite initial public offerings in Shanghai and Shenzhen.
Two 48-hour Tube strikes to hit London June 9, 2010 LONDONERS are facing severe travel disruptions after rail union RMT announced two 48-hour strikes by Tube Lines maintenance staff starting later this month. Tube Lines workers, which cover maintenance of the Jubilee, Piccadilly and Northern lines, will walk off the job from 23 to 25 June and 14 to 16 July. The strike is likely [...]
Former underground boss to take helm at FirstGroup June 9, 2010 FORMER London Underground boss Tim O’Toole will takeover as chief operating officer of FirstGroup after the bus and rail firm appointed him to the role yesterday. O’Toole, who will step into the role next week, will also become the group’s deputy chief executive in preparation for the retirement of current boss Sir Moir Lockhead. It [...]
