Extremist preacher Abu Qatada will stay jailed during Olympics May 28, 2012 RADICAL cleric Abu Qatada will stay in prison for at least another five months until his deportation appeal in October, a judge ruled yesterday. The extremist, who has been described as Osama Bin Laden’s “right-hand-man”, is fighting deportation to Jordan, where he is accused of involvement in several bomb attacks. But yesterday a Special Immigration [...]
Entertainment One profit rises as Twilight and Peppa pay off May 28, 2012 A TIE-UP with Amazon’s LoveFilm helped Entertainment One double its pre-tax profits last year, the firm said yesterday. Profits at the Peppa Pig co-owner rose to £23.1m in the year to 31 March from £11.4m in the previous 12 months, on revenues that grew seven per cent to £502.7m. The firm also confirmed it was in talks [...]
Military engine contract boost for Rolls-Royce May 28, 2012 ROLLS-ROYCE said yesterday it had won £100m in engine service contracts with the Royal Air Force – the latest in a string of recent deals. Under the latest contract wins the company will provide ongoing support for the UK military’s C-130 Hercules transport and VC10 tanker fleets. Rolls-Royce has also won an extension to its [...]
The Facebook debacle deserves a reaction from London May 28, 2012 THE controversies surrounding the historic $104bn flotation of Facebook in the US should have reminded all of us that although the New York financial markets may currently be the place to go for technology flotations, they are not infallible. What is disappointing is that with so much wrangling about how the float was handled, very [...]
Get on the starting grid for charity night May 28, 2012 City A.M.is offering readers the chance to win a pair of VIP tickets to a fundraising dinner at Boisdale restaurant in Canary Wharf. The event takes place on Monday week, 11 June, and marks the opening of Motorexpo, the UK’s largest free to enter motor show. All you have to do to enter the draw [...]
Putting lunch on Barclaycard May 28, 2012 IF you’re feeling peckish today then head over to Canary Wharf, Liverpool Street or Oxford Circus. A free lunch – yes, it really is free, according to organiser Barclaycard – is being laid on for 10,000 Londoners to mark the wider launch of PayTag, the contactless way to pay. PayTag is an extension of a [...]
Shares plunge at Hargreaves after coal blow May 28, 2012 HARGREAVES Services yesterday saw its stock plummet after it issued a profit warning triggered by problems at its coal mine in Yorkshire. It said that between £12m and £16m could be wiped off its profit in the year to May 2013, sending investors running for cover. The lowering for forecasts – from analysts’ estimates of [...]
Jellybook cash shell racks up £300,000 loss May 28, 2012 JELLYBOOK, the Aim-listed investment company focusing on social media start-ups, has clocked up a £300,000 loss in its first 10 months as a company and failed to make its promised acquisitions. The vehicle, run by Jonathan Rowland, son of the property tycoon David “Spotty” Rowland, raised more than £11m in June 2011 to tap into [...]
ANALYST VIEWS | HOW BIG A BLOW IN THE LONG TERM ARE THE PROBLEMS AT MALTBY? May 28, 2012 PETER ASHWORTH CHARLES STANLEY The group has issued a trading update regarding an unexpected and unprecedented geological conditions. It acknowledges the impact of this development but believes in the long term viability and profitability of the mine and is working to mitigate the results of this occurrence. JUSTIN JORDAN JEFFERIES HOARE GOVETT This is obviously [...]
Growth in oil and gas fuels Aveva’s profits May 28, 2012 ENGINEERING and design software group Aveva yesterday posted a 14 per cent rise in adjusted profit, helped by a strong demand at the end of the year from the oil and gas industries, increasing its confidence for the current year. The group reported adjusted pretax profit of £62.3m, ahead of market forecasts of £60m. Revenues [...]
