Profits drops at Drax Group July 31, 2012 Power company Drax Group reported a lower first-half profit yesterday and said that it is proceeding with plans to become a predominantly biomass-fuelled generator. Drax is expected to review its investment plans of around £650m to £700m in light of smaller-than-expected subsidies for biomass energy. Profit before tax fell to £141m for January-June from £169m [...]
Wolfson Micro reports loss July 31, 2012 Edinburgh chipmaker Wolfson Microelectronics, whose technology is used in the Samsung Galaxy S3 smartphone, expect to return to profit in the second half after it reported an underlying loss of $1.3m (£800,000) in the second quarter, better than the $2.9m loss in the same period last year. Revenue rose five per cent year on year [...]
Olympic sentiment flying high July 31, 2012 BREATHE a big sigh of relief, Great Britain, as the sentiment surrounding the 2012 Summer Olympics is once again blazing. On SportsIndex, the 2012 Games were beginning to build momentum when news broke over the G4S security scandal just two weeks before the event began. After this, all of the measures for the Olympic Games [...]
CITY VIEWS | HAVE YOU HAD ANY TRANSPORT TROUBLES DURING THE OLYMPICS? July 31, 2012 AHMED PATHAK AVIVA There were no problems for getting in to work today. It seems my colleagues have been prepared for the Olympics for a while now and are using their common sense to get around the hotspots along the Central Line by using other stations. JAMES MACKIE XCHANGING My commute to work was fine; [...]
Profits up at CBRE and Jones Lang July 31, 2012 PROPERTY firms CBRE and Jones Lang LaSalle reported solid rises in quarterly profits last night. CBRE beat Wall Street’s predictions with a 31 per cent jump in earnings to $88m, on revenues up 13 per cent to $1.6bn. Revenue from Europe, the Middle East and Africa fell 4.9 per cent to $248.2m, as gains were [...]
Rihanna denied trip into Orbit for reality show July 31, 2012 GLITTERATI have wasted no time in asking to hire out London’s most eye-catching new landmark, the £23m ArcelorMittal Orbit in the Olympic Park. And perhaps it should come as no surprise that chart-topping pop star Rihanna, known for her love of the capital, was right at the front of the queue. The Capitalist hears the [...]
LONDON 2012 IMAGE OF THE DAY July 31, 2012 Stephanie Houghton and Kim Little of Great Britain’s football team, who also play for Arsenal Ladies, celebrate a surprise 1-0 victory against Brazil at Wembley Stadium last night. Team GB’s women footballers have won all three of their opening matches without conceding a goal, putting them at the top of qualifying group E. They will [...]
Olympic athlete seeking fellow medal winner… July 31, 2012 IT was perhaps only a matter of time before an opportunistic company sought to cash in on the Olympic Village’s reputation as a hotbed of lust. Dating website Illicit Encounters, which specialises in arranging flings for married men and women, has offered all athletes competing at London 2012 free membership during the Games – and [...]
Games sponsor probed in hotel price-fix deal July 31, 2012 THE OFFICE of Fair Trading has accused InterContinental Hotels Group, the official hotel sponsor for the Olympic Games, and two of the biggest travel agents of anti-competitive practices that limited the discounts offered on hotel rooms. The watchdog, which announced the provisional findings of its investigation launched in September 2010, said Booking.com and Expedia made [...]
Capital & Counties takes a step towards its Earls Court scheme July 31, 2012 CAPITAL & Counties said its joint venture with Hong Kong’s Kwok family on part of its Earls Court scheme would be finalised in the coming months as the developer awaits planning permission on the vast £8bn project. The billionaire Kwok brothers, who are being investigated in Hong Kong on charges of bribery, bought a 50 [...]
