Inmarsat stays on course for a positive year October 9, 2012 SATELLITE company Inmarsat yesterday said trading had been “consistent with trends” in the three months to October, and that the firm was performing in line with full-year expectations. The FTSE 250 company, which owns a fleet of ten satellites serving the maritime, aviation and land sectors, said that performance had been positive in its key [...]
Online games and new markets bolster web payment firm Skrill October 9, 2012 EXPANSION into the US led online payments provider Skrill to a 29 per cent year-on-year rise in revenue in the first half of 2012, the company said yesterday. Skrill, formerly known as Moneybookers, said 30m people had signed up for customer accounts – double the number reported 18 months ago. The secure payments company, which [...]
O2 owner AEG starts sale process October 9, 2012 Billionaire Phil Anschutz has kicked off the auction of his AEG, the owner of the O2 arena as well as a host of US venues and sports teams, with an expectation that the sports and entertainment giant should draw bids in the $10bn (£6.3bn) range. The initial group of recipients is expected to include rich [...]
Reed Elsevier sells off Variety October 9, 2012 Hollywood trade magazine Variety has been sold by British publishing firm Reed Elsevier to US online publisher Penske Media Corporation for a sum believed to be around $25m (£15.6m). Reed Elsevier said in March that it would put the publication that has covered Hollywood for over a century up for sale after the paper had been [...]
EU holds fire on Huawei and ZTE October 9, 2012 The European Commission has delayed a trade case against Huawei and ZTE, two Chinese telecom equipment makers also under scrutiny in the US, easing tensions between the European Union and its second-biggest trading partner. A US congressional report said on Monday that the two firms were potential security risks and should be shut out of [...]
UK deeper into trade deficit as exports slump October 9, 2012 THE UK’S trade deficit widened to more than double its July size in August, data from the Office for National Statistics (ONS) revealed yesterday, driving the pound down against the dollar. The UK imported £4.2bn more than it exported in August, the ONS data showed, up from £1.7bn in July, pushing sterling below $1.60, from [...]
Growth back in third quarter October 9, 2012 OUTPUT GREW robustly in the third quarter, according to estimates released by a think tank yesterday, but it warned that this growth was largely down to “special” events. GDP grew 0.8 per cent between the second and third quarters, the National Institute of Social and Economic Research (NIESR) estimated, but “underlying” growth is much lower, [...]
World jobless figures down October 9, 2012 UNEMPLOYMENT rates decreased marginally across Organisation for Economic Cooperation and Development (OECD) member countries in August, data out yesterday revealed, having held steady for two consecutive months. Unemployment dropped 0.1m to 47.8m in August, representing a rate of 7.9 per cent – numbers which have stayed roughly constant since the beginning of 2011. But differences [...]
Manufacturing slide drags down industrial production October 9, 2012 INDUSTRIAL production and manufacturing both slid in August, data from the Office for National Statistics (ONS) revealed yesterday. The index of production fell 0.5 per cent between July and August, the ONS said, while the index of manufacturing dropped off 1.1 per cent. These monthly moves left both indices 1.2 per cent below where they [...]
Japanese car sales in China fall off a cliff October 9, 2012 JAPANESE car sales in China tumbled last month, data revealed yesterday, as the diplomatic spat over the Senkaku/Diaoyu island chain fed through into consumer decision making. Toyota’s sales in China plummeted 48.9 per cent in September compared to a year earlier, while Honda sales dived 40.5 per cent, Nissan’s plunged 35.3 per cent and Suzuki’s [...]
