Alcatel-Lucent’s losses widen February 11, 2010 Alcatel-Lucent yesterday posted a wider-than-forecast loss, missed revenue expectations and cut its 2010 operating margin target, buffeted by a tough market for telecommunications gear. Alcatel posted 2009 revenue of €15.16bn (£13.22bn), an adjusted loss of €56m, and a net loss of €524m. Shares plunged at the French-American group that has struggled to compete with larger [...]
THE INSIDER February 11, 2010 Golf seems to be a recurring theme at Lingfield which unfortunately means that they don’t have a sponsor. It’s a shame as it’s a great place to have a day out with friends and family. Racing in the UK has taken the bull by the horns to encourage racegoers in the last 24 months but [...]
PepsiCo gets international profits boost February 11, 2010 PEPSICO yesterday posted a higher quarterly profit that met Wall Street expectations, helped by brisk sales in international markets such as India, while drinks volumes declined in North America. The maker of Pepsi-Cola drinks and Frito-Lay snacks stood by its forecast for earnings growth of 11-13 per cent for the year, and said it still [...]
Media stocks are starting to look very cheap February 11, 2010 A COMMON joke in media circles is that anyone with a pound burning a hole in their pocket can become a newspaper proprietor. Russian tycoon Alexander Lebedev picked up the Evening Standard for £1, while it is said that some buyers offered just $1 for BusinessWeek (Bloomberg eventually paid $5m). Of course, these publications were [...]
Azzurri aggression no match for Johnno’s men February 11, 2010 ITALY VS ENGLAND Sunday – 2.00pm BBC1 MARTIN Johnson must be a relieved man. After at least a couple of aimless performances in November, his side looked progressive and threatening – all that he’d promised when he took the job. Both the victory and the way in which they withstood plenty of pressure from Wales [...]
Renault hit by €3bn loss after crisis year February 11, 2010 FRENCH carmaker Renault posted a wider-than-expected yearly net loss yesterday and fought shy of predicting a profit in 2010, sending its shares down more than five per cent. Renault , maker of the Twingo, Clio and Modus models, expects economic conditions to remain tough in 2010 and sees a 10 per cent drop in the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 11, 2010 HSBC The bank has appointed Chris Barrow as global head of sales for its recently-launched HSBC Prime Services business, targeted at hedge funds and institutional fund managers across Europe and Asia. Barrow joins from Nomura, where he was international head of sales for prime services, and has also worked as head of sales and marketing [...]
BEST OF THE BROKERS February 11, 2010 BHP BILLITON Standard & Poor’s says that BHP’s first-half earnings were stronger than expected, although still 28 per cent lower year-on- year. The broker agrees with the group’s statement that China is key to short-term prospects, and thinks that concerns over monetary tightening are overdone. Maintains its “Buy” recommendation. PUNCH TAVERNS Collins Stewart’s target price [...]
Cole out for season with broken ankle February 11, 2010 CHELSEA defender Ashley Cole is sweating on his place in England’s World Cup squad after being ruled out for three months with a broken ankle. Cole, who suffered the injury during Wednesday’s 2-1 defeat to Everton, is unlikely to play again this season unless Chelsea reach the Champions League final. The left-back will miss England’s [...]
Underestimate Italians at your peril, warns Haskell February 11, 2010 ENGLAND’S try hero James Haskell has warned his side not to underestimate Italy on Sunday – insisting the Azzurri are capable of springing a Six Nations upset. The Italians have never beaten England since joining the Six Nations 10 years ago and are rank outsiders to break that duck when the pair lock horns in [...]
