Centaur bullish as its revenues leap 21 per cent July 14, 2011 BUSINESS publisher Centaur Media said it expects full-year results to be at the top end of its expectations as advertising revenues grew significantly. Second-half digital advertising revenue was 21 per cent higher than last year, while print advertising grew seven per cent. Centaur, whose business magazines include Marketing Week and Money Marketing, said trading in [...]
Apple increases app prices July 14, 2011 Apple has increased prices in its UK App Store, upping charges by up to 25 per cent across its product range. The lowest price – currently 59p – will rise to 69p, a jump of 17 per cent. Price points at £1.19 and £3.99 will both rise by 25 per cent, to £1.49 and £4.99 respectively. [...]
Spotify launches in the US July 14, 2011 Online music streaming service Spotify yesterday officially launched a US platform, finally tapping the world’s biggest music markets after a lengthy period of negotiation with record labels. The company, launched in Europe in October 2008 by Swede Daniel Ek, has more than 10m members – around one in ten of whom pay for ‘premium’ services [...]
EROS IMPRESSES WITH BOLLYWOOD SEQUEL July 14, 2011 SHARES in London-listed Indian film distributor Eros International climbed more than three per cent yesterday after the company said its latest film has grossed almost $8m (£5m) worldwide. Murder 2, starring Emraan Hashmi and Jacqueline Fernandez, was released on 8 July, and grossed $7.2m in India in its first weekend.
Barratt sees return to full year profit July 14, 2011 BARRATT Developments, one of the UK’s largest house builders, said it would return to full-year profit despite market conditions remaining tough. The firm predicted a full-year pre-tax profit of £40m before exceptional items, after a loss of £33m in 2010, meeting market expectations. In its trading statement ahead of its annual results due September, the [...]
Ashmore assets hit $65.8bn July 14, 2011 ASHMORE Group, the emerging markets fund manager, posted an impressive $4.6bn (£2.8bn) of new client money in its fourth quarter, beating forecasts amid strong investor appetite for local currency and debt products. The London-listed funds house said its assets under management (AUM) had jumped to $65.8bn in the three months to 30 June, boosted by [...]
Swedish regulators raid Nasdaq over competition July 14, 2011 SWEDISH regulators have raided leading local bourse operator Nasdaq OMX Group in a competition probe sparked by a complaint from a small local rival, officials said yesterday. The raid was carried out last month and was prompted by a complaint filed by new marketplace Burgundy about the actions of US telecoms company Verizon. The row [...]
TMX Group in talks over Maple deal July 14, 2011 TORONTO bourse operator TMX Group is said to have entered into talks with Maple, the consortium that derailed an agreed merger between TMX and the London Stock Exchange. Ontario finance minister Dwight Duncan told Canada’s Financial Post newspaper that discussions between TMX and Maple Group Acquisition Corp were underway. Duncan had been a vocal critic of [...]
Hermes Real Estate to make move into US property market July 14, 2011 HERMES Real Estate, one of the largest real estate managers in the UK with over $9.3bn (£5.8bn) assets under management, has entered the US property market for the first time, in a move to diversify its real estate investments. Hermes has teamed up with Hampshire Real Estate, a private US investment company and United Overseas, [...]
Car dealer Pendragon to raise £75.2m through deeply discounted rights issue July 14, 2011 LISTED car dealer Pendragon yesterday said it plans to raise about £75.2m through a rights issue to reduce its debt. The nine-for-eight issue is to be priced at 10p per new ordinary share, representing an eye-watering 54 per cent discount to the stock’s Wednesday close. Shares in Pendragon had closed at 21.75p per unit on [...]
