Samsung makes record profit on smartphone sales October 26, 2012 Samsung saw record third quarter revenues of 52.18 trillion Korean won (£29.5 trillion), up 26 per cent year on year, it said today. The South Korean electronics company posted record profit of 8.12 trillion won over the quarter, a 91 per cent increase. Revenue was boosted by sales of Samsung’s smartphones, particularly by the new [...]
FTSE 100 down as Anglo American in spotlight October 26, 2012 The blue chip index was down in early trading, as investors were cautious on weak data from the Eurozone and biding time ahead of US GDP released this afternoon. Mining shares bore the brunt of losses, although Anglo American bucked the trend, adding 2.1 per cent, as chief executive Cynthia Carroll announced she was to [...]
CPP looks to tough 2013 as regulatory probe continues October 26, 2012 Insurer CPP Group said this morning that it expects UK trading to be difficult next year because of a regulatory probe affecting new business. Last year the Financial Services Authority announced it would look into the way that CPP sold protection against identity theft. The insurer said today that it had agreed a framework with [...]
Spain unemployment hits record high October 26, 2012 Spain’s unemployment rate hit a record high of 25 per cent in the third quarter, official data showed this morning. It is thought that a new labour reform that made it easier to dismiss workers and a steep recession left more out of a job. The figure rose from 24.6 per cent seen in the [...]
Anglo American’s Cynthia Carroll to step down October 26, 2012 Anglo American’s chief executive Angela Carroll is to step down after more than five years in the role, it was announced this morning. Carroll has been under pressure from some shareholders over share price performance, and the miner’s continued dependence on South Africa. Industrial action in South Africa spread to Anglo American Platinum, the world’s [...]
Sigurdsson saves Spurs’ European ambitions October 25, 2012 MARIBOR 1 vs TOTTENHAM 1 TOTTENHAM manager Andre Villas-Boas last night said that he was content to take a point from their Europa League Group J fixture away to Maribor after his team had unexpectedly fallen behind. Gylfi Sigurdsson scored a second-half equaliser after Robert Beric had given the Slovenians a half-time lead with a [...]
Gunners fans rap Kroenke in dividend row October 25, 2012 ARSENAL majority shareholder Stan Kroenke was last night accused of plotting to reward himself with a dividend despite the club’s failure to end their trophy drought following a tempestuous AGM. The American sports mogul, who spoke only three times on a rare visit to north London, refused to rule out issuing a dividend when pressed [...]
Rookie Vunipola ready to face world’s best, say England chiefs October 25, 2012 UNCAPPED Saracens prop Mako Vunipola has been backed to take the England set-up by storm after the 21-year-old was called up for next month’s autumn internationals. The youngster is one of four changes to the squad for Tests against Fiji, Australia. South Africa and New Zealand, with Leicester hooker Tom Youngs also in line for [...]
Team Sky show Julich the door after coach’s doping confession October 25, 2012 TEAM SKY last night became embroiled in the purge on doping sweeping cycling when coach Bobby Julich left the British outfit after admitting using banned substances. The American confessed to taking the blood-booster EPO between 1996 and 1998, when he was a pro rider for Cofidis and finished third in the Tour de France. Julich’s [...]
End of recession boosts QE critics October 25, 2012 THE BANK of England’s next round of money printing could be put on hold, analysts said yesterday, after new GDP figures showed the UK’s economy grew well above expectations in the third quarter. GDP grew by one per cent in the third quarter, its fastest quarterly growth rate for five years, data from the Office [...]
