Start-up numbers stall January 13, 2010 THE number of new businesses being set up around the world has dipped in the global recession, a report published yesterday revealed. Start-ups were down 10 per cent last year in 20 of the world’s richest nations, according to the annual Global Entrepreneurship Monitor (GEM). It found that the decline was the most severe in [...]
Infosys boosts hopes of a revival in sales for outsourcing industry January 13, 2010 INDIAN outsourcer Infosys yesterday raised its annual sales forecast boosting hopes of an industry recovery. The company, a trendsetter for the $60bn (£36.9bn) Indian outsourcing sector, expects spending on outsourcing to go up. Its quarterly results showed quarterly earnings fell for the first time but were still above market forecasts, sending its shares up four [...]
Bank results set to reveal 2009 leaders January 13, 2010 JPMORGAN will kick off the most controversial earnings season in Wall Street’s history tomorrow when it unveils a sharp rise in pre-tax profits. Having used the recession as an opportunity to consolidate Bear Stearns and Washington Mutual, the investment and retail banking titan is in an enviable position. Analysts forecast a rise in net income [...]
CITY HEAVYWEIGHTS GET THE URGE TO SLOG IT OUT IN THE BOXING RING January 13, 2010 THE High Court case rumbling on and on between BGC Partners and Tullett Prebon might not have exactly brought the City’s main money broking camps closer together, but at least it’s helped forge some more playful liaisons between those on the same side. Tullett’s boss, City veteran Terry Smith, is well known for his prowess [...]
Sell-off in bank and mining shares rocks the FTSE 100 January 13, 2010 BRITAIN’S leading share index shed 0.5 per cent yesterday as weakness in commodity and banking issues countered gains in selected defensive stocks, reflecting fading risk appetite among some investors. At the close, the FTSE 100 was 25.23 points lower at 5,473.48, having lost 0.7 per cent on Tuesday following China’s decision to tighten banks’ reserve [...]
Financial bonanza hopes boost Dow January 13, 2010 US stocks rose yesterday as investors bet on recently weakened technology and financial shares ahead of earnings from bellwethers Intel and JPMorgan Chase & Co, taking the Dow industrials to a fresh 15-month high. A brokerage upgrade of drugmaker Merck & Co and an upbeat outlook from Kraft Foods gave an extra boost to the [...]
Reds stunned in a right royal upset January 13, 2010 After extra time. Score after 90 minutes 1-1 LIVERPOOL (1) VS READING (2) LIVERPOOL boss Rafael Benitez questioned Reading’s equaliser after seeing his side’s wretched season lurch to a new low with elimination from the FA Cup at the hands of the Championship strugglers. A Ryan Bertrand own goal put the Reds ahead but a [...]
Strauss eyes winning finale January 13, 2010 ENGLAND captain Andrew Strauss has warned his side not to rely on another heroic batting display this weekend as they go in search of a famous series victory over South Africa in Johannesburg. The tourists lead the Proteas 1-0 going into today’s fourth and final Test, but only thanks to the heroics of last man [...]
Hape and Ashton get England chance January 13, 2010 MARTIN JOHNSON is banking on two rugby league converts to fire England into an exciting new era. Former New Zealand international Shontayne Hape and Northampton winger Chris Ashton are the two new faces in a 32-man elite performance squad for the Six Nations Championship. But there is no place for fly-half Danny Cipriani and versatile [...]
Adebayor not ready to return January 13, 2010 MANCHESTER City striker Emmanuel Adebayor admits he has been unable to eat as he struggles to come to terms with the machine gun attack on him and his Togo team-mates. Adebayor’s press officer was one of three men killed in the ambush on the Togo team bus as they travelled to the Africa Cup of [...]
