Industry in 2m tonne biofuel pact June 22, 2011 European airlines, biofuel producers and the EC signed up yesterday to produce 2m tonnes of biofuel for aviation by 2020 even as debate rages over how green such fuels are. Airlines are keen to use biofuels as a way of cutting down on pollution from jet fuel but the use of food crops in their [...]
AIRBUS BULLISH ON PROSPECT OF A380 ORDERS June 22, 2011 AIRBUS will announce new orders for its $375m A380 superjumbo at the Paris Air Show, Louis Gallois, chief executive of parent company EADS, told a French radio station yesterday. The planemaker suffered embarrassment earlier this week when the A380 it had planned to fly at the show was damaged, but was replaced at the air [...]
Property CEOs pocket payout worth millions June 22, 2011 TWO of London’s blue-chip property companies, Land Securities and British Land, paid out multi-million pound pay deals to their chief executives last year, their annual reports revealed yesterday. Francis Salway, the chief executive of Land Securities, was paid £1.2m in salary, bonus and benefits in the year to March compared to £1m the previous year, [...]
AstraZeneca sells its dental arm for £1bn June 22, 2011 ASTRAZENECA has sold its dental implants and medical devices unit for $1.8bn (£1.12bn) to US company Dentsply. Dentsply, which beat off bids from rival medical technology groups and private equity firms, said yesterday the purchase of Astra Tech would increase its revenue by about 25 per cent and boost its earnings immediately. Shares in the company [...]
PROPERTY FIRM OF THE YEAR | THE SHORTLIST DAY 4 June 22, 2011 The property sector has experienced mixed fortunes this year. While work on record-breaking skyscrapers has really picked up the pace, other projects have been left unfinished or even empty once completed. London has continued to enjoy the best conditions for investing and developing real estate – with nominees British Land, Land Securities and Heron among [...]
ANALYST OF THE YEAR June 22, 2011 IT TAKES strong-minded individuals with deep knowledge of the sectors they cover to make calls that challenge popular thinking, but the five thinkers on CITY A.M.’s shortlist for Analyst of the Year have won respect for going against the grain – whether being sane on the Glencore IPO or criticising the Bank of England’s interest [...]
Imagination grows sales June 22, 2011 APPLE supplier Imagination Technologies saw its stock slip yesterday despite announcing that its revenues hit nearly £100m. The chip designer, which supplies to shareholders Apple and Intel, posted an 80 per cent rise in pre-tax profit after doubling the amount of microprocessors it shipped. It made £24m profits on 21 per cent higher revenues of [...]
Jellybook wobbles on its maiden day June 22, 2011 JELLYBOOK endured a shaky start to life on the alternative investment market yesterday, after its successful initial public offering (IPO) this month. It floated for 10p a share, raising nearly four times the £3m initially slated. But yesterday it was trading for as little as 8.75p, a drop of 12.5 per cent. It peaked at over [...]
LulzSec suspect is charged over corporate hacks June 22, 2011 POLICE yesterday charged 19-year-old Ryan Cleary with a string of computer related offences after a joint swoop by Scotland Yard and the FBI. He is suspected of having ties with the LulzSec hacking collective, which has targeted high-profile websites including Sony, Nintendo, the IMF, the CIA and, on the day Cleary was arrested, the London-based [...]
ANALYST VIEWS: IS A BITE OF THE APPLE ENOUGH FOR IMAGINATION? June 22, 2011 DANIELA VENTRONE | MATRIX Competition is heating up, leading to market-share losses and average selling price pressure. This is not reflected in market expectations, in our view. Rival ARM’s Mali is seeing important design wins. ALEX JARVIS | PEEL HUNT The fundamental risk factor with Imagination is its market share outlook, where there are more [...]
