Strong rebound for HP as it prepares for rush May 20, 2010 HEWLETT-PACKARD (HP) is bracing itself for a surge in demand as the world’s largest tech firm by sales smashed analyst expectations. After strong quarterly results the US computer firm raised its full-year earnings outlook on demand for personal computers and servers as well as a resurgence in its printing business. Analysts say it is well [...]
Pearson to make £99m acquisition May 20, 2010 PEARSON has agreed to buy vocational training provider Melorio for £99.3m in cash. It is the UK media group’s first acquisition since its $2bn (£1.4bn) Interactive Data stake sale. Pearson, the world’s top educational publisher which also owns the Financial Times newspaper and Penguin books, said it agreed with Melorio’s board to offer 225p a [...]
Google catches up with iPhone May 20, 2010 SALES of Google’s Android mobile phone software have overtaken Apple’s iPhone in its native US. The two firms are streaks ahead in the high-end smartphone sector of the market, according to market research company Gartner. But Apple maintained its dominance globally, shifting 3m more units than its deadly rival. First quarter sales of Android phones [...]
Blinkx upbeat as shares surge May 20, 2010 ONLINE video search engine Blinkx narrowed its full-year pre-tax loss as it achieved a spike in traffic. It also saw higher advertising spend as firms such as Microsoft and McDonald’s booked campaigns on its website. Shares in the firm rose 52 per cent and were among the top gainers on the Aim market on yesterday, [...]
London loses competitive edge to rivals May 20, 2010 SINGAPORE and Hong Kong are the most competitive financial centres in the world, according to a highly rated survey released yesterday. Strong demand in Asia boosted these economies to the top two spots in the IMD World Competitiveness Yearbook (WCY). They were streaks ahead of the traditional European economies in the survey that analyses how [...]
The City must stop talent trickling overseas May 20, 2010 CONFIRMATION that the UK is slipping down the list of the world’s most competitive countries comes as no surprise but is a situation that surely must be remedied before irreparable damage is done to our economy. The IMD World Competitiveness Yearbook identified the UK as falling one place to 22nd in the world rankings. Bearing [...]
Skyscrapers to surge in building boom May 20, 2010 LONDON office space has been the subject of much consternation amongst the financial elite. The recession caused office construction to grind to a shuddering halt as firms battened down the hatches and waited for the worst to pass. As the economy shifted into growth, the construction industry lagged behind and office rates crept up. Prime [...]
P&G launches online store May 20, 2010 CONSUMER goods maker Procter & Gamble (P&G) has launched its own online shopping website after months of testing the site to a select number of consumers. The US maker of household brands such as Gillette, Head & Shoulders and Crest, opened its very first online “eStore” yesterday in a bid to sell its products directly [...]
Roche discontinues trial on drug to treat arthritis May 20, 2010 PHARAMCEUTICAL giants Roche and Biogen Idec have discontinued the development of an arthritis drug after a series of patient casualties, including some deaths. The move to stop the production of the ocrelizumab drug comes months after both companies announced they would suspend further treatment using the drug after the Food and Drug Administration (FDA) told [...]
CITY MOVES | WHO’S SWITCHING JOBS May 20, 2010 Collins Stewart The financial advisory group has hired property research veteran Nan Rogers (pictured) and Jonathan Imlah to its small and mid cap equity research team. Rogers has 25 years of experience and joins from Arbuthnot Securities. She has also worked at Bridgewell, Charterhouse and James Capel. Imlah was formerly at Altium Securities, where he [...]
