Cobham extends BHP contract November 22, 2012 Defence technology group Cobham has won a A$65m (£42m) contract extension with BHP Billiton to transport miners in and out of remote mines in Australia. Cobham has provided services to companies operating in the Pilbara region since 2003. Earlier this month, Cobham issued a profit warning due to declining revenues from the US defence market. [...]
Deutsche chief criticised November 22, 2012 German politicians accused Deutsche Bank’s co-CEO Anshu Jain of “chickening out” after the bank decided to send his chief compliance officer in his place to a parliamentary hearing on Libor manipulation next week. “Mr Jain is chickening out,” said Green party politician Gerhard Schick, and it is “unacceptable”. Deutsche Bank will instead send Stephan Leithner.
EU signals nod for telecoms deal November 22, 2012 European Union anti-trust regulators are set to brief national authorities next week on Hutchison’s planned takeover of Orange Austria, in a move likely to signal EU approval for the deal. The Austrian competition regulator, the BWB, said it and all the other EU national regulators had been invited to a meeting in Brussels on 27 [...]
City lauds DMGT Northcliffe sale as shares leap November 22, 2012 DAILY Mail & General Trust (DMGT) saw shares soar yesterday as the publisher reported a 10 per cent rise in annual profits. The company, best known for owning the Daily Mail newspaper, now sees four-fifths of its profit in its business-to-business (B2B) publishing division, after it sold off its regional newspaper division on Wednesday. The [...]
Panasonic and Sony struck by Fitch downgrade to junk status November 22, 2012 RATINGS agency Fitch downgraded the debt ratings of technology giants Sony and Panasonic to “junk” status, yesterday, citing weakness in their consumer electronics and TV operations and further diminishing the lustre of the once-great Japanese brands. The cut to below investment grade, the first by a ratings firm, comes as the floundering companies face weak [...]
Ofcom announces proposals for white space mobile broadband November 22, 2012 CITY-WIDE Wi-Fi networks could be launched by the end of next year, the communications regulator said yesterday, as it published proposals to free up unused parts of the airwaves for internet signals. Ofcom said that it was opening a consultation on “white spaces” – the gaps in between bands of spectrum used to broadcast TV. [...]
Market falls in love with Cupid as cold feet over growth ends November 22, 2012 INVESTORS cuddled up to dating website operator Cupid yesterday, with news that the company was proceeding ahead of expectations sending its shares up 5.5 per cent. The company – which is rumoured to be a takeover target for US dating giant Match.com – said recent acquisitions were trading in line with plans, and that revenues [...]
Brave new worlds drive mobile radio maker Sepura to a profit November 22, 2012 MOBILE radio manufacturer Sepura swung to a profit in the first half of its financial year, as the Cambridge-based company’s push into new markets and recent €8m (£6.5m) acquisition of Vienna-based 3T Communications paid off. The company has pushed into overseas markets and the commercial sector in the last two years in a bid to [...]
Judge orders details of Apple’s HTC agreement to be revealed November 22, 2012 APPLE will have to disclose details of a peace treaty with HTC to its arch-rival Samsung, a US judge has ruled. In the latest development in the ongoing patent wars between the world’s two most successful smartphone makers, the Korean company’s lawyers will have special access to an agreement between Apple and HTC signed earlier [...]
Murdoch sells News Corp stock November 22, 2012 News Corp chairman and chief executive officer Rupert Murdoch sold $10m (£6m) of the company’s Class A shares on 20 November, according to a regulatory filing on Wednesday. The sale of 418,631 Class A shares represent about five per cent of Murdoch and his family’s total Class A shares. Murdoch and his family control News [...]
