Huawei says US has blocked its expansion plan September 13, 2012 CHINESE telecoms giant Huawei yesterday launched an outspoken attack on the US, saying its expansion in America had been blocked by “allegations against allegations”. The outburst from Huawei – the world’s biggest telecoms firm – threatens to raise tensions between the countries as a year-long investigation into Huawei and ZTE, another Chinese firm, by America’s [...]
Imagination Technology hit on mixed day for Apple suppliers September 13, 2012 IMAGINATION Technologies, the British firm that designs graphics chips for smartphones including Apple’s iPhone, saw its share price fall yesterday despite Wednesday night’s launch of the iPhone 5. The firm warned that average royalty rates had been hit by increasing sales of low-end smartphones, and warned of “uncertainty over timing [of new revenues], particularly given [...]
Premier Farnell outlook sunny on Raspberry Pi September 13, 2012 SHARES in Premier Farnell leapt yesterday when the electronics distributor beat expectations in the first half of the financial year despite its profits being cut in half. Premier Farnell, which sells thousands of components, said momentum around the release of the Raspberry Pi mini computer – which is made by a joint venture between the [...]
Revamp pays off for Centaur as digital growth spurs profit rise September 13, 2012 CENTAUR Media posted a surprise rise in annual profits yesterday, sending shares in the business information group up 12 per cent. The company, which publishes magazines including Marketing Week and The Lawyer, said that growth in digital revenues had propelled it to a 23 per cent rise in pre-tax profit to £8m when one-off costs [...]
Allen Stanford exec sentenced September 13, 2012 A FORMER top executive at Allen Stanford’s now-defunct financial firm was sentenced to three years in prison yesterday for obstructing a US regulatory probe into the disgraced financier’s estimated $7.2bn (£4.6bn) Ponzi scheme. Laura Pendergest-Holt, 39, had pleaded guilty in June to one count of obstruction of justice, after originally facing 21 counts including fraud [...]
Anite reaps 4G network boost September 13, 2012 SOFTWARE provider Anite yesterday said it had seen an “encouraging” start to the financial year, with both revenue and operating profits between May and September ahead on the figures for last year. The firm, which hosted its general meeting yesterday, posted strong year on year revenue growth from its 4G technology products. Its directors also [...]
Nintendo up as Wii U ready for Christmas boost September 13, 2012 NINTENDO yesterday announced that its next generation Wii U video game console will be released in time for Christmas, as it aims to get a head start on rivals Sony and Microsoft. The Japanese company – which reported its first annual loss in its 123-year history this year as sales of its current Wii console [...]
Several bidders line up for JJB Sports in race to buy the chain September 13, 2012 DEBT-LADEN JJB Sports said last night that it was in talks with several parties who have offered to buy it but ordinary shareholders were unlikely to see any value from a deal. The sporting goods retailer’s shares more than doubled to 0.79p but closed up 30 per cent at 0.45p on the London Stock Exchange [...]
Facebook rolls out real-time ad bidding September 13, 2012 FACEBOOK yesterday launched a new platform for real-time bidding for advertisers. The social network, led by Mark Zuckerberg (left), has been trialling the system, which makes it easier for advertisers to ensure their ads are seen by the most relevant group. Facebook Ad Exchange, or FBX, is expected to boost shares, which have almost halved [...]
Ex-Goldman employee’s book set to hit shelves on 22 October September 13, 2012 Just six months after he resigned from Goldman Sachs with a scathing op-ed in the New York Times, Greg Smith’s book is already written and scheduled for release on 22 October. The former employee, who claimed clients were routinely referred to as “muppets”, has rather unimaginatively titled his book: “Why I left Goldman Sachs.” The [...]
