What the other papers say this morning January 30, 2013 FINANCIAL TIMES Nestlé liable over spying on NGO Nestlé, whose clashes with activists over sales of baby milk formula in Africa led to widespread boycotts in the 1980s, has been found liable in a civil case over the secret infiltration of a non-governmental organisation. A Swiss court last week ordered Nestlé and the Swiss security [...]
Nuclear power expansion hit by Cumbria vote January 30, 2013 PLANS to build more nuclear power stations in the UK suffered a blow yesterday as Cumbria county council voted against proposals to build a £12bn underground radioactive waste dump on the edge of the Lake District. The government wants nuclear power to help meet the UK’s future energy needs but it must first find a [...]
FSA set to probe annuity prices January 30, 2013 The Financial Services Authority will today kick off a thematic review into annuity prices in a bid to make sure customers are getting a fair deal on prices when they come to retire. The probe, which began earlier this month but is officially unveiled by the City watchdog today, will conduct a pricing survey of [...]
FIFA game publisher sales drop January 30, 2013 Computer game publisher Electronic Arts, the company behind the FIFA series, last night announced lower revenues for the third quarter as the industry continued to struggle with flagging sales as the public waits for the next-generation of consoles. For the last three months of 2012 the company posted net revenue of $922m (£583m), compared with [...]
STMicroelectronics posts loss January 30, 2013 STMicroelectronics posted a quarterly loss last night, hurt by troubles at its mobile chip unit, and forecast a decline in revenue for the next three months. The Geneva-headquartered company, which makes chips for cars, computers and mobile phones, recorded a fourth-quarter net loss of $428m (£271m), compared with a loss of $11m for the same [...]
Mothercare UK boss to exit in team reshuffle January 30, 2013 MOTHERCARE’S UK boss is to leave the baby products retailer as part of a management shake-up to stem falling sales at its troubled UK arm. The retailer said yesterday that Mike Logue, who moved to Mothercare from Asda in late 2011, is to step down next month after the role was made redundant. The restructure [...]
BlackBerry unveils long-awaited facelift with revamped handsets January 30, 2013 THE NEXT generation of BlackBerry phones was finally revealed yesterday, kicking off a make-or-break period for Research in Motion. The Canadian firm revealed a radical overhaul of its ageing mobile software and two new smartphones, which it hopes will be able to compete with the dominant Samsung and Apple. The new operating system, BlackBerry 10, [...]
BlackRock makes $55m punt on Manchester United shares January 30, 2013 INVESTMENT giant BlackRock yesterday bought eight per cent of the available shares in Manchester United football club, worth around $55m (£34.8m) at yesterday’s closing price. A filing with the US Securities and Exchange Commission reveals the New York-based company has snapped up 3.3m shares in the Old Trafford-based business. The football club completed its IPO [...]
OFT blames tax for high petrol prices in the UK January 30, 2013 HIGH fuel prices in the UK are due to high duty and VAT, not a lack of competition, competition authorities concluded yesterday. There is no need for a full inquiry into UK petrol pricing, the Office of Fair Trading (OFT) said yesterday, because there is no persuasive evidence of anti-competitive behaviour in fuel markets. In [...]
Tube could run until 2am, says transport boss January 30, 2013 THE TUBE could run until 2am on Friday and Saturday nights, the managing director of London Underground said yesterday. Mike Brown said that now the Tube’s modernisation programme is well underway, there is scope to scale back the amount of time dedicated to late-night engineering work and allow trains to run later some of the [...]
