GlaxoSmithKline to name Sir Philip Hampton chair September 24, 2014 SHARES in pharmaceutical giant GlaxoSmithKline (GSK) rose slightly in late afternoon trading yesterday after it emerged that Sir Philip Hampton was likely to be named as its new chairman. GSK is likely to announce Hampton’s move in the next two days – and with such a large job he is expected to eventually give up [...]
BlackBerry shows its Passport to square up with smartphone rivals September 24, 2014 STRUGGLING smartphone maker BlackBerry yesterday launched an unconventional new device, called the Passport, that it hoped would help to restore its presence in the smartphone market. Investors appeared to be disappointed by the move as the Canadian firm’s shares fell 0.47 per cent to $10.51 in New York. The device, about the size and shape [...]
Dragon Piers Linney’s Outsourcery sees share price fall on revenue growth miss September 24, 2014 Cloud computing firm Outsourcery, led by co-chief executive and BBC Dragons’ Den star Piers Linney, saw its shares fall 7.7 per cent yesterday to 15p as investors sold stock due to partners, including Vodafone, generating revenues for the firm slower than expected. Outsourcery reported a 65 per cent jump in revenue to £3.4m as [...]
Trinity Mirror admits phone hacking liability September 24, 2014 NEWSPAPER group Trinity Mirror, publisher of the Daily Mirror, yesterday admitted liability over hacking the phones of four people and said it would pay compensation. Trinity said in a statement that it admitted liability to four individuals who had sued it over alleged “interception of their voicemails many years ago”, and settled six other claims [...]
Barr signs Snapple deal September 23, 2014 SCOTTISH drinks maker AG Barr, whose brands include Irn-Bru and Rubicon, has signed an exclusive 10-year deal with Dr Pepper Snapple to sell Snapple in the UK and across Europe from January. Both firms will also work to identify opportunities in European markets where Snapple is not available. AG Barr also reported a strong performance [...]
EU puts Google back in the hot seat September 23, 2014 THE EUROPEAN Union antitrust chief Joaquin Almunia put Google back in the hotseat yesterday by reversing his position from February that the search giant would avoid fines after it agreed to make concessions on how it displayed competitors’ links on its website. Almunia said in a speech that complaints from Google’s competitors had “given us [...]
British Land sells just 18 flats for total of £210m September 22, 2014 PROPERTY developer British Land has sold some of the most expensive London property ever, with 18 apartments in Mayfair going for £210m. Four of the flats sold for over £5,000 per sq ft, a record for Mayfair’s property market. The so-called “super-prime” property, Clarges Mayfair, was acquired by British Land for £129.6m in 2012 and [...]
Apple sells record 10m iPhone 6 smartphones in just three days September 22, 2014 APPLE broke its own records over the weekend selling more than 10m iPhone 6 and iPhone 6 Plus devices. Last year, Apple sold 9m of its iPhone 5S and 5C in 11 countries. This year it exceeded that figure despite launching in just 10 countries, missing out on the huge Chinese market where it is [...]
Phones 4u is to close the rest of its 362 stores September 22, 2014 PHONES 4u’s remaining 362 high street stores across Britain will be permanently closed and the 1,697 staff in those stores will be made redundant, administrator PwC announced last night after failing to find a buyer for the shops. Britain’s largest mobile network operator EE bought 58 Phones 4u stores in a £2.5m deal earlier in [...]
Banks boost Alibaba’s float to record $25bn September 22, 2014 ALIBABA’S underwriters have issued additional shares following its float on Friday, bringing the total funds raised to about $25bn (£15.3bn) and making it the largest initial public offering (IPO) in history. The move to exercise what is known as the “green shoe” option as part of Alibaba’s initial public offering was widely expected if its [...]
