KEA raises £6m allowing it to float on London’s AIM February 10, 2010 OIL and gas exploration business, KEA Petroleum, will begin trading on London’s AIM Market next Monday after successfully raising £6m from institutional and private investors. KEA’s market capitalisation, on admission, will be approximately £36.8m. The company owns three petroleum exploration permits in the Taranaki and Northland Basins of New Zealand and plans to use the [...]
CITY VIEWS: ARE PEOPLE SAVING ENOUGH FOR THEIR RETIREMENT? February 10, 2010 DAVID SHEPPARD | LIMPIO OFFICE SOLUTIONS “ I would say I am saving enough, but other people are definitely not. I know people in my peer group, and the attitude at the moment is live today and worry tomorrow. The money’s all gone anyway.” JAMES SAMPSON | ANGLO IRISH “I think people are definitely not [...]
PlayStation data storage firm’s profit is up 100pc February 10, 2010 TELECITY, the group that provides data storage for BBC iPlayer and Xbox Live, yesterday reported a leap in profits of more than 100 per cent last year. Profit after tax rose 109 per cent to £32m and earnings per share were up 108 per cent to 16.2p. Revenue was up 27 per cent to £169.4m. [...]
Iran shuts down Google mail February 10, 2010 The Iranian government said yesterday it will permanently suspend Google’s email service in the country. Iran’s telecommunications agency announced the suspension and said a national email service for Iranian citizens would soon be rolled out. The report comes as Iran braces for disruptions at rallies planned for today marking the 1979 Islamic revolution. Opposition leaders [...]
CME buys Dow Jones indices February 10, 2010 CME Group will buy 90 per cent of Dow Jones’ namesake indexes business in a debt-funded joint venture that values the business at $675m (£432.8m), the two companies said yesterday. Dow Jones will retain a 10 per cent stake in the venture, which will raise some $613m in third-party debt. Dow Jones will get $607.5m [...]
Sanofi-Aventis sales up 3.8pc February 10, 2010 French drugmaker Sanofi-Aventis beat forecasts for fourth-quarter profit and expects earnings to rise 2 to 5 per cent this year as growth areas such as vaccines offset stronger competition from generic rivals. Sales rose 3.8 per cent to €7.36bn (£67.5bn) against expectations for €7.37bn, bolstered by swine flu vaccines – a one-off benefit that should [...]
Sunaga leaves Barclays Japan February 10, 2010 Hideaki Sunaga, Barclay’s co-head of investment banking, has resigned after just one year. Sunaga, who was at Nomura for 20 years, had been brought in to expand Barclays investment banking business in Japan – which he co-lead with Takemi Ando. Barclays declined to comment and it is unclear when Sunaga will be leaving.
Britain’s last chocolatier sets down a gauntlet for his Kraft successor February 10, 2010 WARTIME is over for Roger Carr. Having held up his head defiantly throughout a five-month hostile bid battle from US food giant Kraft, the former Cadbury chairman is looking considerably more relaxed in demeanour nowadays, though his bruised rhetoric speaks volumes. Carr, in a speech on “Hostile Bids and Takeovers” at the Saïd Business School [...]
CITY’S NON-EXEC ALSATIANS ARE LET OFF THE LEASH February 10, 2010 TO THE Plaisterers Hall on London Wall last night for the annual Non-Executive Director Awards, hosted by broker KBC Peel Hunt. Top of the honours list was former Cadbury chairman Roger Carr – who must have been relieved that, for once, the accolade had nothing to do with chocolate and everything to do with his [...]
Moving jobs at the right time boosts prospects and pay-packets February 10, 2010 HECTOR Sants’s decision to step down ahead of time from his post heading up the Financial Services Authority has been greeted with shock, not least because he has only been in the post three years. Perhaps he feels that, having headed the regulator through the downturn, he has done his stint. No doubt he will [...]
