Monitise in talks to raise up to £100m November 29, 2012 BRITISH mobile banking technology company Monitise confirmed yesterday it was in discussions with institutional and strategic investors to raise up to £100m. The company said the proceeds would be used to fund new mobile banking and commerce opportunities for financial institutions and payment companies. “Our business is seeing enormous demand for Mobile Money services,” said [...]
What are Kingfisher’s growth prospects? November 29, 2012 JAMES GRZINIC JEFFERIES Kingfisher confirmed deteriorating French and Polish demand, with B&Q’s UK sales also subdued. On a more positive note, a resumption in gross margin shows how self-help is an important driver to offset macro challenges. FREDDIE GEORGE SEYMOUR PIERCE The results were broadly in line with expectations…We continue to be concerned that the [...]
Kingfisher hit by French woes November 29, 2012 THE CHIEF executive of Kingfisher said uncertainty over the French government’s future tax policies had hit consumer confidence in its largest market, as it posted a six per cent drop in third quarter profit. The group, which runs B&Q and Screwfix in the UK as well as Castorama and Brico Depot in France, reported profits [...]
Asmussen warns that banking body won’t kick off until 2014 November 29, 2012 THE NEW European banking supervisory body, to be set up under the roof of the European Central Bank, will not be ready to operate fully before 2014, an ECB executive board member said yesterday. Making the ECB the supervisor for lenders chiefly in the 17 countries that use the euro would be the first of [...]
Eurozone retail sector suffers another sharp drop in sales November 29, 2012 RETAIL SALES continued to decline in the Eurozone in November, according to data out yesterday, making the month the 13th of shrinking volumes. Markit’s retail purchasing managers’ index rose slightly to 45.8, from 45.3 in October, but still indicated steady contraction, since it remained below the crucial no change level of 50. This came as [...]
IMF wants buy back of Greek debt settled November 29, 2012 THE INTERNATIONAL Monetary Fund will not disburse Greece’s next bailout tranche until the country completes a voluntary buy back of its debt, it said yesterday. Eurogroup finance ministers and the IMF agreed earlier this week to conduct the buy back as part of measures to make Greece’s debt sustainable and release urgent loans that help [...]
Norovirus hits All Blacks for England clash November 29, 2012 ENGLAND’S hopes of ending the year on a high were boosted yesterday when it emerged tomorrow’s opponents New Zealand have been ravaged by the norovirus. The winter vomiting and diarrhoea bug has affected all but two of the All Blacks squad, disrupting their preparations for the Test at Twickenham. No8 Kieran Read said they had [...]
Finn return to fitness heightens pressure on under-fire Broad November 29, 2012 ENGLAND fast bowler Steven Finn has recovered from a thigh strain to travel with the squad to Kolkata for next week’s third Test against India, after coming through a warm-up game unscathed. Finn took 4-50 on Tuesday and bowled seven overs yesterday to prove his fitness during an England Performance Programme innings and 193-run victory [...]
Defoe no to Redknapp reunion November 29, 2012 TOTTENHAM striker Jermain Defoe has dismissed a possible reunion with Harry Redknapp at Queens Park Rangers and pledged to see out his career at White Hart Lane. Redknapp has prioritised signing a forward as he looks to reverse his new club’s disastrous start to the season and drag them off the bottom of the Premier [...]
Flintoff ready to bowl over his critics for debut inside the ring November 29, 2012 FORMER England cricket captain Andrew Flintoff has vowed to prove his doubters wrong when he makes his boxing debut against American Richard Dawson at the Manchester Arena tonight. The Ashes hero’s boxing venture has been met with surprise and criticism, despite having former world featherweight champion Barry McGuigan in his corner. Flintoff’s opponent is undefeated [...]
