Research in Motion to unveil latest BlackBerry in January November 12, 2012 BLACKBERRY maker Research in Motion (RIM) will unveil the next generation of its smartphones in January, the troubled Canadian company announced yesterday. The BlackBerry 10 (BB10) software, which has been repeatedly delayed by technical problems, will be a radical overhaul of the operating system used on its phones. RIM is pinning its hopes on the [...]
Entertainment One investment hits profit in breakthrough year November 12, 2012 INDEPENDENT film studio Entertainment One has ploughed more money into movie production and promotion ahead of the release of its latest lucrative Twilight movie and its acquisition of Alliance Films. The investments pushed the Canadian company’s profits down to just £1m in the first half of the financial year, it said yesterday. This was down [...]
Tech City becomes London‘s growth hub November 12, 2012 BUSINESSES in East London’s “Silicon Roundabout” area are set to be the key drivers of growth in London over the coming years, according to research released yesterday by the Centre for Economics and Business Research. The research claims that technology and media companies in the East End are growing twice as fast as those in [...]
Heathrow gains support of MPs as traffic slides November 12, 2012 HEATHROW Airport yesterday reported a rare fall in traffic for October as Hurricane Sandy wrought havoc with its schedule. But there was a ray of sunshine for Britain’s biggest airport, as a survey suggested that MPs would prefer to see expansion at Heathrow than a new hub in the Thames Estuary. Forty-six per cent of [...]
Non-European flights get a green tax break November 12, 2012 THE EUROPEAN Union has suspended its controversial carbon emissions tax for non-EU flights, after fierce protests from authorities around the world. Airlines operating routes within the EU will still have to pay, but the bloc has issued a year-long exemption for flights linking EU airports to the rest of the world. The Emissions Trading Scheme [...]
Costain wins Welsh contract November 12, 2012 Costain has won a four-year technology contract with the Welsh government worth around £15m, it said yesterday. The contract, which is for the maintenance of road network communications and tunnel systems across Wales, will begin early next year.
Gem Diamonds hit by low output November 12, 2012 Gem Diamonds was hit by falling production at its Lesotho operations over the third quarter, it said yesterday, with the amount of ore mined down 13 per cent year on year. Carats recovered from the mine was down nine per cent year on year as severe winter snow conditions hindered production.
Eurotunnel settles fire claim November 12, 2012 Channel tunnel operator Groupe Eurotunnel yesterday said its insurers will pay out €253m (£203m) following its 2008 fire claim. Eurotunnel spent around £48m on repairs after the 16-hour fire in September 2008, with full service resuming in February 2009.
Hibu extends debt restructure November 12, 2012 Yellow Pages publisher Hibu yesterday extended the time it needs to win approval from creditors for a restructuring of the firm’s colossal debts. The firm originally gave creditors until 9 November to approve the amended repaying structure but extended that deadline until 23 November. Shares fell 15 per cent.
US defence cuts prompt Cobham profit warning November 12, 2012 COBHAM, the London-listed maker of sophisticated military equipment, yesterday issued a profit warning for next year due to declining revenues from the US defence market. The firm, which got 40 per cent of its revenues from sales of defence and surveillance equipment in the US this year, said group revenues would decline by “low-to-mid” digits [...]
