Apple’s record results to be hit by profit fears January 20, 2013 APPLE is expected to report record quarterly sales this week, with the iPhone and iPad proving more popular than ever. However, profits have taken a hit, with the company’s margins expected to be lower on the recently-released iPhone 5 and iPad mini than on previous models. The two devices were released separately towards the beginning [...]
Lobby groups threaten revolt over pay at Imperial Tobacco January 20, 2013 CALLS are growing for shareholders to vote down a generous new pay structure at FTSE 100 giant Imperial Tobacco when investors gather at the firm’s annual meeting at the end of the month. Proxy voting agencies Pirc and Manifest, along with insurers’ trade body the Association of British Insurance, are understood to be threatening a [...]
White in the running to be SEC chairman January 20, 2013 MARY Jo White, the former US attorney for the Southern District of New York, is being considered as a candidate to head up the US Securities and Exchange Commission (SEC), a source familiar with the matter has confirmed to Reuters. If she were selected, White would become the third-ever female chairman of the SEC and [...]
Stansted’s new owners look for traffic growth January 20, 2013 STANSTED’S new owners are aiming to finalise their purchase by the end of February, before trying to reverse the London airport’s falling passenger numbers. Manchester Airports Group and Australia-based Industry Funds Management have pledged that it will be “business as usual” at Stansted while the pair’s £1.5bn acquisition is completed. The firms have said the [...]
UK leads pack in New Year dealmaking January 20, 2013 THE UK private equity industry has helped lead a flurry of European dealmaking activity in the first two weeks of the year, with close to 85 per cent of deals inked involving UK outfits, data shows. Of the £1.73bn worth of top deals inked across Europe between 2 January and 16 January, £1.46bn have involved [...]
Airport owners can’t control the weather… or airlines January 20, 2013 IT WAS a terrible week to announce the sale of an airport. Snow has sent air travel into meltdown, in spite of airports’ best efforts to stock up on pricey new ploughs and grit, while safety fears over Boeing’s new Dreamliner planes are playing havoc with the industry’s public image. For Stansted, however, any buyer [...]
Saddlesore in the City after bike challenge January 20, 2013 AFTER organisers confirmed last week that three stages of the 2014 Tour De France will be held in the UK, there was no better time for the London Bike Show to hit town, as it took over the Excel Centre this weekend. Keen to make the most Team GB’s success at last summer’s Olympics, organisers [...]
Free cash and entrepreneurial spirit defy Blue Monday gloom January 20, 2013 THE third Monday in January (yes, that’s today) is often touted as the most depressing day of the year, based on a highly unscientific formulae involving weather, debt, time since Christmas, and guilt at failing set of New Year’s resolutions. But this year The Capitalist has noticed a slew of press releases from firms – [...]
Art gallery at 35,000 feet January 20, 2013 Not content with exhibiting his work in London, Paris, Los Angeles, the White House, and the shop shutters of Shoreditch, street artist Ben Eine has turned his spray cans on the first class cabin of a Virgin Atlantic plane. Eine is selling off ten transatlantic-themed artworks next month through Virgin’s Gallery in the Air, allowing [...]
Hedge funds disappoint as shares roar on January 20, 2013 COSTLY hedge funds failed to keep pace with run of the mill stock funds last year, as equity markets proved more profitable than the best performing hedge strategies on average, data shows. Statistics from the EDHEC Risk Alternatives Index show the most profitable hedge fund strategies for investors trailed US equity market returns by almost [...]
