Price pressures ease in Germany August 29, 2011 German consumer price inflation slowed to 2.3 per cent in August, data revealed yesterday, with prices slipping 0.1 per cent on the month. The European harmonised measure showed inflation at 2.4 per cent.
Italian consumer morale dives August 29, 2011 Italian consumer confidence took a dive to its lowest in over two years this month, dropping to 100.3, from 103.7. The figure, announced yesterday, was “way below the 25 year average of 112.7”, commented BNP Paribas in a note.
Retail slump improves in Spain August 29, 2011 Spanish retail sales slipped less than expected in July, according to official data released yesterday. High street sales were down only 3.9 per cent annualised, following a downwardly revised seven per cent contraction in June, the statistics office said.
Macquarie may privatise Charter Hall August 29, 2011 A CONSORTIUM arranged by Australia’s Macquarie will seek to privatise Charter Hall Office if its proposed bid for the trust succeeds and retain Charter Hall Group as a manager, a Macquarie Capital executive said yesterday. Charter Hall Office REIT said yesterday it had received a A$1.06bn bid approach for its Australian portfolio from a consortium [...]
CITY MOVES | WHO’S SWITCHING JOBS August 29, 2011 PKF Trevor Birch, the man who brokered Roman Abramovich’s £120m takeover of Chelsea Football Club, has joined the business adviser PKF as head of the London Corporate Recovery and Insolvency team and a member of the Football Industry Group. Birch is the former chief executive of Chelsea, Leeds United, Everton, Derby County and Sheffield United [...]
BEST OF THE BROKERS August 29, 2011 IMI Panmure Gordon rates the engineering group as a “buy” and reduces its target price from 1320p to 1250p, based on a revision of its earnings estimates over the next two years. The broker sees less growth in its fluid power division than previously thought, and reduces 2012 and 2013 forecasts by four per cent. [...]
Samsung delays tablet launch August 29, 2011 Samsung Electronics is to delay the launch of its latest Galaxy tablet computer in Australia until after a court ruling in late September on its ongoing global patent dispute with Apple. The sales delay in Australia is the latest setback for Samsung after Apple won an injunction in a Dutch court last week to ban [...]
Cisco buys tech firm Versly August 29, 2011 Cisco Systems said yesterday that it has bought privately-held firm Versly to expand in collaboration technology aimed at corporate clients looking to make employees work together more easily. Cisco did not say how much it is paying for San Francisco-based Versly, which produces a plug-in that expands the capability of Microsoft software such as documents, [...]
LG Display set to slash spending August 29, 2011 Flat-screen maker LG Display will slash next year’s capital spending by a quarter as booming sales of mobile devices from iPads to Android smartphones saps demand for TV panels, its main source of earnings. The reduction by LG Display will take the company’s capital expenditure to the lowest in four years.
FTSE to open over 100 points higher after holiday August 29, 2011 A FROTHY combination of surprisingly strong US consumer spending data, merger news between two Greek banks, and general relief that Hurricane Irene largely avoided New York City, will give UK stocks a substantial boost when the market re-opens today after the long Bank Holiday weekend. GFT quotes two-way prices on stock indices around the clock, [...]
