Everything Everywhere teams up with MasterCard on digital wallet August 28, 2012 MASTERCARD yesterday announced a five year deal with the UK’s biggest mobile phone operator Everything Everywhere to develop contactless mobile phone payment systems for the network’s 27m customers. The duo will kick off the deal by launching a pre-paid digital wallet, allowing customers to transfer money from a bank account to a mobile phone for [...]
John Lewis first retailer to sell Barnes & Noble ereader in UK August 28, 2012 AMERICAN book retailer Barnes & Noble yesterday said it has chosen John Lewis to be its first UK partner in the push to sell its Nook ebook readers in Britain. The department store group will be the first retailer outside the United States to sell the Nook devices across its 37 of its shops from [...]
Cairn Energy looks offshore for Moroccan oil August 28, 2012 BRITISH oil and gas firm Cairn Energy has bought a stake in an exploration well off the coast of Morocco as it continues its hunt for oil and gas in the region. The firm said yesterday it would pay $60m (£38m) towards the Foum Draa well, in return for a 50 per cent stake in [...]
Thriving Americas lift Regus earnings August 28, 2012 OFFICE space supplier Regus said yesterday its first-half adjusted profit rose about 64 per cent on higher revenue from its business in the Americas. Regus, which offers ready-to-use offices for rentals for periods as short as half a day, said adjusted pre-tax profit grew to £21.3m for the six months ended 30 June, from £13m [...]
Lamprell stays upbeat despite half-year loss August 28, 2012 OIL rig maker Lamprell reassured on its future yesterday, saying that its bid pipeline was positive and it was confident of the support of its banks after posting a loss in a torrid first-half marred by the impact of contract delays. Lamprell, which this year has issued a series of warnings on its performance, said [...]
Norway raises Xstrata stake August 28, 2012 NORWAY yesterday emerged as the latest shareholder to have increased its stake in Xstrata, posing another stumbling block to the miner’s biggest shareholder Glencore as it tries to get a grip on its plans to merge with the group. Norges Bank Investment Management, which manages Norway’s $610bn sovereign wealth fund, has been steadily buying Xstrata [...]
Vedanta hit by AGM protests August 28, 2012 VEDANTA shareholders approved all resolutions at yesterday’s annual meeting, despite angry protests about the mining group’s human rights record. Campaign groups including Amnesty International threw red paint and waved banners outside the meeting in central London, angry at the London-listed firm’s treatment of workers in Orissa, India. The firm reported 22 fatalies across its global [...]
Analyst Views | Were there any surprises in Cairn’s half-year results? August 28, 2012 ANDREW WHITTOCK LIBERUM CAPITAL The first-half results are as expected. Cairn has farmed in to offshore exploration acreage in Morocco and emphasised this is one of the three areas for future investment. Otherwise, there is little new in the update. SANJEEV BAHL NUMIS SECURITIES The last six months have been very active as management look [...]
Airbus wins $7bn plane order August 28, 2012 Airbus yesterday won a $7bn (£4bn) order to help more than triple Philippine Airlines’ fleet, beating Boeing to a deal despite US support for Manila in a diplomatic dispute with China. The flag carrier plans to buy up to 100 new jets in total over the next five to seven years.
Chemring issues profit warning August 28, 2012 Defence group Chemring yesterday cut its full-year operating profit by £15m as it warned of a delay to production systems. The firm, which is currently a target of private equity firm Carlyle Group, said its order book at the end of July was £910m, nine per cent lower year on year.
