Aegon sets targets and resumes dividends June 21, 2011 DUTCH insurer Aegon said yesterday it would target seven to 10 per cent annual earnings growth and resume dividend payments, as it unveiled a new strategy after repaying Dutch state aid. Earlier this month, Aegon became the first Dutch financial institution to repay the state in full, repaying the government €4.1bn (£3.6bn) to open the [...]
Jefferies profits disappoint June 21, 2011 JEFFERIES Group, a mid-sized US investment bank, posted a bigger-than-expected drop in quarterly earnings as rising costs outpaced a revenue increase. Profit fell to $80.6m (£49.6m), or 36 cents per share, in the second quarter ended 31 May, from $83.8m, or 41 cents per share, a year earlier. Analysts on average had expected earnings of [...]
BORIS BROTHER PLOTS HIS PASSAGE TO INDIA June 21, 2011 FOR ONCE, Boris Johnson wasn’t the centre of attention. Instead, his brother Jo Johnson MP took the spotlight at the Number 11 Downing Street reception to launch Reconnecting Britain and India, the book of essays Johnson co-edited with the Indian Chambers of Commerce secretary general Dr Rajiv Kumar. Rachel Johnson, editor of The Lady, was [...]
Pilots at Virgin vote for first ever strike June 21, 2011 VIRGIN Atlantic pilots voted in favour of a strike over pay yesterday, although union members said no date for industrial action had been set because they still hope an agreement can be reached. “With no pay increase since 2008, a below-inflation offer for 2011 and proposals for 2012 and 2013 that will be sub-inflation this [...]
Airbus beats rival Boeing June 21, 2011 AIRBUS piled up orders for its revamped A320neo passenger jet at the Paris Air Show yesterday, putting more pressure on Boeing. European planemaker Airbus notched up $14.4bn (£8.8bn) of orders on the first day, outselling US rival Boeing’s $9.3bn. Early yesterday its sales chief said it had 544 commitments for its new A320 aircraft, including [...]
ROLLS-ROYCE WINS ETIHAD DEAL June 21, 2011 ROLLS-ROYCE yesterday signed a $360m (£222m) agreement with Etihad Airways, which will see the engineering giant provide long-term engine services and performance kits to the United Arab Emirates national carrier.
Nokia boss confirms 2011 release of WP7 June 21, 2011 NOKIA boss Stephen Elop yesterday said he expects the first wave of Windows Phone 7 (WP7) handsets to be released later this year, as revealed by City A.M. earlier this month. Elop said he has “increased confidence” that troubled Nokia will launch its first device based on the platform by the end of 2011, after [...]
HP urges developers to join its app store June 21, 2011 Hewlett-Packard is fighting to persuade more developers to jump on board its app store as it prepares to launch its first tablet PC next month. The world’s biggest computer manufacturer lags far behind market leaders Apple and Google in the booming market. Its online store offers just 7,000 apps, compared to more than 500,000 on [...]
Leighton takes over as Pace chairman June 21, 2011 Allan Leighton has taken the role of non-executive chairman of set-top box maker Pace. His appointment was announced in May. He takes over from Mike McTighe, who is stepping down after a decade at Pace, with five years under his belt as chairman. McTighe will continue as a non-executive director until he retires at the [...]
Halma sees boost to profits June 21, 2011 British safety, health and sensor technology group Halma has reported a rise in full-year pretax profit to £104.6m to 2 April compared with £86.2m a year ago. Total revenues rose 13 per cent to £518.4m with strong organic growth in its health and analysis division and in emerging markets. Revenue contribution from outside the UK, [...]
