Weaker mining and energy prices drag the FTSE down October 31, 2011 BRITAIN’S top share index fellback yesterday, led by weaker miners and energy issues, as commodity prices retreated under the influence of a firmer dollar and worries over demand from China, with banks also under pressure after recent gains. Miners and integrated oil stocks took over 30 points off the UK blue chip index, as they [...]
Miners peg back markets October 31, 2011 European shares fell early in the session with miners hurt by falling metals prices while the afterglow of last week’s Eurozone debt deal began to fade. Miners were dented by Japan wading into the currency markets to rein in the value of the soaring yen, which sent the dollar up. A stronger dollar makes dollar-priced [...]
THE WEEK AHEAD October 30, 2011 COMPANY NEWS ● Barclays announces today. It traces its origins back to 1690, when John Freame and Thomas Gould traded as goldsmith bankers in Lombard Street. Eagle eyes await results. ● Imperial Tobacco announces tomorrow. Its brands include Davidoff, West, Gauloises Blondes, Montecristo and Drum. It was created in 1901 through the amalgamation of thirteen [...]
25 years after the Big Bang we ask: Was it a good idea? October 26, 2011 YES Eamonn Butler SOMETHING had to happen. London had once been the world’s major financial centre, but by the 1980s it had been overtaken by New York and that lead was growing. The City remained an old-fashioned world: to outsiders like me, more like a private gentlemen’s club than a place of business. Its leading [...]
Blockbusters at the touch of a button October 26, 2011 NETFLIX, the US online film service, announced on Monday that it will be launching in the UK in 2012. The company looks set to change the way we watch movies, but already has some tough competition. Here we tell you everything you need to know. What is Netflix? Netflix is an online film service that [...]
CITY MOVES | WHO’S SWITCHING JOBS October 25, 2011 Pemberton Capital Advisors The private equity firm has appointed Christopher Higgins as chief operating officer and Sarah Whitehead (pictured) as internal legal council. Prior to joining Pemberton, Higgins was chief adminstration officer of the non-core division of RBS and held a number of management roles in the debt and credit markets businesses of RBS’s global [...]
Push into online streaming in the UK will not be the potion to cure giant’s ills October 24, 2011 IT HAS been a year of two halves for Netflix. It reached a share high of almost $300 in July after a meteoric rise. Last year it accounted for more web traffic than any other site on the internet (that it deals in bandwidth-heavy streaming only makes this marginally less impressive). But it decision to hike [...]
Infosys profits rise October 12, 2011 Infosys, India’s No.2 software services exporter, reported a 9.7 per cent rise in quarterly profit and cut its full-year revenue outlook by less-than-expected, cheering investors who shrugged off its warning about global economic uncertainty. Nasdaq-listed Infosys said consolidated net profit rose to 19.06 billion rupees (£248m) for the fiscal second quarter ended September 30, from [...]
BT ramps up its broadband October 5, 2011 BT yesterday said it will ramp up its superfast fibre broadband service to offer speeds of up to 300Mbps for some customers. It also said it will double the speed of its fibre to the cabinet (FTTC) service. Openreach chief executive Liv Garfield said: “These developments will transform broadband speeds across the country.” Communications minister [...]
Pub landlady hits winner in football case October 4, 2011 A PUB landlady from Portsmouth yesterday won her legal bid to screen cheap foreign coverage of football matches, in a giant-killing feat to rival Wimbledon’s 1988 FA Cup final win over Liverpool. The European Court of Justice (ECJ) ruled that Karen Murphy should be allowed to use a Greek decoder to screen football matches. Murphy [...]