Veteran telecoms boss quits board of SpinVox August 18, 2009 TROUBLED voice-to-text messaging firm SpinVox has parted ways with director Patricia Russo, the former boss of telecoms equipment giant Alcatel-Lucent, just two months after her appointment to the board. Russo, whose extensive experience in the sector would have proved invaluable to SpinVox, had been advising the firm on its strategy since the beginning of the [...]
NAB snaps up Challenger unit August 18, 2009 National Australia Bank, the top lender in Australia, said yesterday it has agreed to buy Challenger Financial Services’ mortgage unit for A$385m (£192m) to up its market share. NAB said the deal would give it an additional A$4bn worth of residential mortgages. The acquisition follows its purchase of Aviva’s Australian businesses in June for A$825m, [...]
TfL seeks to smooth out traffic August 18, 2009 Transport for London (TfL) is set to smooth traffic flow by identifying traffic hotspots, it said yesterday. Intelligent traffic cameras that detect jams as they build up are set to revolutionise the way TfL tackles congestion in the Capital. Twenty cameras fitted with special image recognition technology have been put at traffic hot spots across London.
Rok stuck in a hard place August 18, 2009 Shares in self-styled “local” builder Rok slumped yesterday after the company posted a 47 per cent drop in first-half pre-tax profits to £6m. Evolution analyst Philip Sparks – who cut his rating on the stock to “Add” from “Buy” – said he had hoped the results would herald the beginning of a re-rating for Rok. [...]
Take a punt on the weather with grains and orange juice August 17, 2009 THE summer months might be a quiet time for most traders, but not all. For those who make their money watching the prices of assets such as wheat, corn and orange juice, this is when the market is at its peak. In many cases, the outlook for the harvest is becoming clearer, and industry analysts [...]
OUTLOOK FOR STERLING IS UNCERTAIN August 17, 2009 MARK OUTTENSENIOR DEALER, GFT THIS summer has promised many great comebacks. Tom Watson only narrowly failed to secure a sixth Open title at the age of 59, Lance Armstrong’s attempt at an implausible eighth Tour de France victory disappeared in the mountains and Michael Schumacher’s eagerly anticipated return to Formula One was thwarted. So what [...]
TRADING TIP HURRICANE HEDGES August 17, 2009 One of the biggest hazards to farmers in the United States is hurricanes. Because the early autumn is historically the the season for the worst ones., they and can be devastating for both farmers – and for those holding trading positions in the crops. The lack of adequate insurance against such extreme weather events led [...]
Reasons to be cheerful August 17, 2009 IF YOU believe the old Rodgers & Hammerstein song, all you need to do to lift your mood on a bad day is to whistle a happy tune – if only life really were so simple. But it seems that a positive outlook has worthwhile outcomes beyond merely getting you more easily through the day. [...]
Gourmet meets grit in this King’s Cross gem August 17, 2009 The Fellow24 York Way N1 9ATel: 0207 837 3001Cost per person without wine: £25 KING’S CROSS is still a funny old area. Try as the developers might, it’s never quite become the next Hoxton or Angel. And for anyone who prefers a good Burgundy to a hip-hop night, it’s not much of an evening destination. [...]
THREE MORE KING’S CROSS EATERIES August 17, 2009 ST PANCRAS GRANDThis high-profile effort from Searcy’s – designed by interiors guru du jour Martin Brudnizky – is just the place to eat the likes of potted salmon, stew and duck under the eye of a large clock and bulbous, elegant lamps. The soft purr of the Eurostar arriving and leaving is a wonderful aid [...]
