Analyst Views | What did you think of Aveva’s interim statement? January 28, 2013 JULIAN YATES INVESTEC Russia, India and Europe are strong, China is recovering, Brazil is still weak and the net update is positive. This is not enough to take the shares higher on a near-term basis. However the long term prospects of E3D look very compelling. We retain “Buy” and upgrade target price to 2,450p. GEORGE [...]
Anite buys £27m Finnish 4G firm January 28, 2013 Software group Anite yesterday announced the €31m (£26.6m) acquisition of a Finnish network testing business, Propism. The deal will improve Anite’s standing in the telecoms market as network firms roll out 4G technology across the country. Anite has grown rapidly in the last year as telecoms firms invest in infrastructure in anticipation of a launch [...]
Slowdown hits recruiter SThree January 28, 2013 White collar recruitment firm SThree posted a 17 per cent decline in annual profits yesterday, blaming it on “a steady deterioration in macro economic confidence”. This came despite strong performances in energy, engineering and pharmaceuticals, which account for a third of profits, and a seven per cent rise in turnover to £577.5m.
Premieres move R4E into black January 28, 2013 Theatre marketing group Research4Entertainment (R4E) said yesterday it expects to have swung to a profit last year, driven by contracts for film premieres in Leicester Square such as those for new Spiderman and Batman films. The company, which went public in May last year, saw its share price rise about 15 per cent yesterday. R4E [...]
Toyota regains the top spot for global car sales January 28, 2013 JAPANESE firm Toyota has retaken its crown as the world’s biggest selling car maker after its sales rose 22.6 per cent to a record 9.75m vehicles in 2012. Japan’s three biggest car companies all posted record sales yesterday, as they continue to recover from natural disasters that left the country reeling in 2011. Toyota, which [...]
Video game firms power up on prospect of end to Chinese ban January 28, 2013 SHARES in Sony and Nintendo leapt yesterday amid hopes that the Chinese government would end a ban on video game consoles. The country’s official newspaper, China Daily, said the country’s culture department was considering allowing consoles in the world’s second-biggest economy for the first time since 2000, when they were banned to protect children. This [...]
RIM falls as Lenovo cools takeover talk January 28, 2013 LENOVO downplayed suggestions it was considering a takeover of Research in Motion (RIM) yesterday, sending shares in the BlackBerry maker down by almost eight per cent. The Canadian firm was lifted last week when Lenovo, the Chinese computing giant, signalled a potential interest. Chief financial officer Wong Mai Ming had said Lenovo was “looking at [...]
Licences given for local TV January 28, 2013 THE UK moved a step closer to switching on its local TV network yesterday, when channel operator Comux was awarded the licence to operate the spectrum for the new channels. In addition to the 19 local TV areas already announced, Comux – owned by broadcast firm Canis Media – said it would cover 28 further [...]
Shell to export LNG from US January 28, 2013 ROYAL Dutch Shell said yesterday it will tie up with Kinder Morgan to export liquefied natural gas (LNG) from a terminal near Savannah, Georgia. El Paso Pipeline Partners, a Kinder Morgan unit, and Shell will form a limited liability company to develop a natural gas liquefaction plant at Southern LNG’s existing terminal. The project is [...]
Caterpillar hit by China bill January 28, 2013 CATERPILLAR, the world’s largest maker of construction equipment, posted a 55 per cent drop in quarterly profit yesterday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers. Caterpillar’s machinery has been accumulating in warehouses due to slowing economies in China, Europe and the US. Quarterly results [...]
