Monitise tanks by £300m after Visa mulls exit September 18, 2014 FORMER stock-market darling Monitise saw £290m wiped off its market valuation yesterday after its fourth-largest shareholder, Visa International, said it was considering the sale of its stake in the mobile banking firm. The revelation that Visa was “considering its options” for the 5.5 per cent holdings sparked a downwards spiral in the firm’s stock that [...]
WANdisco share price falls as investment costs lead to higher losses at online tech firm September 18, 2014 WANdisco, the Sheffield-based firm that specialises in big data products for businesses, saw its shares tumble 5.1 per cent yesterday after reporting its losses had more than doubled during the first half of the year. While revenues rose 43 per cent to $5m (£3m), losses increased from $7.5m to $18.5m as the firm invested $4.2m [...]
UBM in talks for £550m takeover of US Advanstar September 18, 2014 Events and information giant UBM yesterday confirmed it is in takeover talks with US trade show organiser Advanstar, in a deal that might be worth up to $900m (£549m). UBM, which also owns PR Newswire (PRN) and has a market capitalisation of £1.5bn, said in a statement that it “notes recent market speculation concerning [...]
Card Factory up on delivery of maiden results September 18, 2014 DISCOUNT greeting card shop Card Factory reported its half-year results yesterday, showing underlying profits that grew 9.3 per cent, but an overall £7.9m loss due to the costs of its initial public offering (IPO) in May. Revenues during the six months to 31 July rose 8.9 per cent to £149.4m on the back of an [...]
News Corp calls on EU regulator to reconsider Google settlement September 18, 2014 NEWS CORP, publisher of The Sun, The Times and The Wall Street Journal, has attacked Google’s European dominance, labelling the search giant’s offering a “platform of piracy”. In a letter last week to European Commissioner for Competition Joaquin Almunia, News Corp chief executive Robert Thomson said Google had changed from “a company that is ‘open’ [...]
PwC opens talks with operators over Phones 4u September 17, 2014 SUITORS picked through the remains of collapsed high street mobile retailer Phones 4u yesterday as administrator PwC entered negotiations with mobile operators and other interested parties over acquiring all or part of the business. PwC is understood to be looking to reach a deal within a 48-hour window that closes before the end of the [...]
Analyst Views: What do you make of the delays to DMGT’s risk management software? September 17, 2014 IAN WHITTAKER | LIBERUM Management now realise they will be under intense pressure to deliver and they have taken the concrete step of impairing the assets and formulating a new timetable. Thus, for investors looking for the longer term, we would recommend buying at these levels. STEVE LIECHTI | INVESTEC The outlook was reconfirmed with [...]
Sky Deutschland tells investors to shun Sky Europe takeover bid September 17, 2014 THE BOARD of Sky Deutschland has advised its minority shareholders not to accept the takeover offer from BSkyB, claiming the bid “does not reflect the full potential and thus intrinsic value” of Sky Deutschland. BSkyB agreed in July to buy the 57 per cent of Sky Deutschland owned by 21st Century Fox, as part of [...]
Inmarsat blasts off by signing three new aviation customers September 17, 2014 British satellite operator Inmarsat saw its shares jump as much as 2.2 per cent yesterday after it revealed a host of new customers. Hawaiian Airlines, the largest commercial airline serving the Pacific island, will roll out Inmarsat’s satellite connectivity to run its voice and data communications. “We are delighted to have Hawaiian Airlines sign up [...]
Imagination and Arm share prices lifted by soaring demand for Apple’s iPhone 6 September 17, 2014 Imagination Technologies saw its shares jump as much as nine per cent yesterday after the graphics chip maker – whose products are used in Apple’s new iPhone 6 – said it was encouraged by levels of licencing activity since May. Excitement following the record 4m pre-orders for the iPhone 6 over the weekend sent Imagination’s [...]
