Swiss money supply edges up May 23, 2011 Growth in Switzerland’s M1 monetary supply slowed to 8.1 per cent annualised in April, down from 8.4 per cent the previous month, figures showed yesterday. The M3 money supply, meanwhile, accelerated slightly, from 6.8 per cent growth in March to 6.9 per cent in April. The annual growth in the M2 indicator slowed to 7.5 [...]
Chicago figures hit US outlook May 23, 2011 American stock futures were hit yesterday after an official gauge of economic activity surprisingly dipped. The Chicago Fed national activity index for April fell to a negative reading of 0.45, from a positive reading of 0.32 in March. This was the lowest reading since last August and reversed three straight months of gains. Negative figures [...]
Israel tightens monetary stance May 23, 2011 The Bank of Israel raised its benchmark lending rate by a quarter-point to 3.25 per cent yesterday, in a bid to tackle the inflationary environment.
Peppa pushes profit upward for her owner May 23, 2011 Peppa Pig continues her trot to world domination, helping push creator Entertainment One’s pre-tax profits up 39.2 per cent to £32.3m yesterday. The firm says it is poised to announce a merchandising partner for the cartoon pig in the US, where the series has already smashed into the top ten children’s shows since it began [...]
Alterian announces reshuffle as it slides to a pre-tax loss May 23, 2011 Marketing software provider Alterian has swung to a full-year pre-tax loss, hit by an increase in costs as it seeks to expand the business. The embattled firm also said it plans to restructure its board. Chairman Keith Hamill said he will defer his retirement until the process to recruit a chief executive was over and [...]
European Commission telecoms laws come into force across EU May 23, 2011 NEW laws will come into play across Europe tomorrow aiming at increasing competition in the telecoms sector. The European Commission rules include the right for customers to switch telecoms operators in just one day without changing their phone number, the right to more clarity about the services customers are offered and better protection of personal [...]
TransAsia to use Rolls for engine work May 23, 2011 ENGINEERING firm Rolls-Royce yesterday announced a $150m (£93.2m) deal to service the planes of Taiwanese airline TransAsia. The contract to maintain engines on two Airbus A330 aircraft is the first time Rolls has worked for the carrier. Phil Harris of Rolls Royce said: “TransAsia Airways is well placed to benefit from growth in the Taiwanese [...]
Gulf Keystone ready to export May 23, 2011 GULF Keystone Petroleum has said it is preparing to export oil from Kurdistan after a long argument over payments between the semi-autonomous region of Iraq and Baghdad looked to be easing. The British company, which also said yesterday that two of its wells in Kurdistan had found evidence of more oil, said the Kurdistan Regional [...]
Exxaro buys Territory Resources in bid to enter iron ore market May 23, 2011 SOUTH African diversified miner Exxaro bid $130m (£80.7m) in cash for Australia’s Territory Resources, making a pricey wager to expand into iron ore mining. Exxaro, one of South Africa’s largest coal miners, said yesterday it had offered A$0.46 per Territory share, representing a 64 per cent premium to the last closing price. The deal values [...]
Vectura narrows its losses and reveals positive progress from lung drug trials May 23, 2011 DRUG company Vectura yesterday narrowed its annual pre-tax losses to £13.3m as it reported encouraging trial results for its new medicine for chronic obstructive pulmonary disease (COPD), due to go on sale in 2012. Revenues rose seven per cent to £42.9m, and the firm ended the year with a cash pile of £74.4m. Royalties were [...]
