WHAT THE OTHER PAPERS SAY THIS MORNING January 21, 2010 FINANCIAL TIMES MUSIC INDUSTRY CLAIMS 95 PER CENT OF DOWNLOADS ILLEGAL AS CD SALES FALL A quarter of all recorded music industry revenues come from digital channels but online file-sharing continues to undermine the global music industry, with sales of physical and digital music falling last year, according to trade body the International Federation of [...]
Carphone ups profit target January 19, 2010 CARPHONE Warehouse yesterday upped its full-year forecasts for the second time in a matter of months after strong trading at both its retail and broadband arms during the third quarter. The FTSE 250 group, which is splitting into two businesses in March, says earnings per share to the end of March are likely to be [...]
Heritage deal key to Tullow January 17, 2010 TULLOW Oil’s decision to pre-empt the sale of Heritage Oil’s Ugandan oil deposit assets to Italian oil group Eni is a brave one, and one that will secure the firm’s position among the giants of the oil world, having grown up from its humble beginnings a quarter of a century ago. Under the terms of [...]
Sky vows to fight plans to force it to wholesale premium content to rivals January 17, 2010 SKY yesterday vowed to fight “through every avenue possible” attempts to force it to sell its premium channels to rivals at regulated prices. Media regulator Ofcom is meeting tomorrow to discuss plans to make Sky wholesale its movies and sports channels to competitors like Virgin and BT Vision. It will give a final decision in [...]
Infosys boosts hopes of a revival in sales for outsourcing industry January 13, 2010 INDIAN outsourcer Infosys yesterday raised its annual sales forecast boosting hopes of an industry recovery. The company, a trendsetter for the $60bn (£36.9bn) Indian outsourcing sector, expects spending on outsourcing to go up. Its quarterly results showed quarterly earnings fell for the first time but were still above market forecasts, sending its shares up four [...]
Sell-off in bank and mining shares rocks the FTSE 100 January 13, 2010 BRITAIN’S leading share index shed 0.5 per cent yesterday as weakness in commodity and banking issues countered gains in selected defensive stocks, reflecting fading risk appetite among some investors. At the close, the FTSE 100 was 25.23 points lower at 5,473.48, having lost 0.7 per cent on Tuesday following China’s decision to tighten banks’ reserve [...]
Disappointing results from Alcoa rock mining stocks January 12, 2010 BRITAIN’S top share index closed 0.7 per cent lower yesterday as commodities and banks led the retreat over concerns that China’s move to tighten banks’ reserve requirements may slow global economic recovery. The FTSE 100 index closed down 39.36 points at 5,498.71, dropping back after hitting a 16-month intraday peak at 5,600.48 on Monday. China’s [...]
Miners push FTSE higher but M&S weighs on retail shares January 7, 2010 BRITAIN’S top shares added 0.1 percent yesterday as a rally by heavyweight miners, in tandem with stronger metal prices, offset weakness in energy issues, with retailers upset by a disappointing update from M&S. At the close, the FTSE 100 index was 7.54 points higher at 5,530.04, another 16-month closing high. “It looks like the big [...]
MARKS AND SPARKS BOSS ROSE SUFFERS A SARTORIAL SETBACK January 5, 2010 IT’S a good job Marks and Spencer boss Sir Stuart Rose can look forward to updating the market later today on his firm’s encouraging trading over Christmas, since The Capitalist can reveal he’s about to suffer a disappointment in the style stakes. Rose, you see, has a reputation in the City for being one of [...]
Hermes and Sourcecap join forces December 14, 2009 HERMES, the asset manager entirely owned by the BT Pension Scheme, has bought a controlling stake in European equity specialist Sourcecap for an undisclosed sum. The new business will be called Hermes Sourcecap and will give Hermes a core European equities team months after it poached a global equities operation from Fortis. Sourcecap bosses Andrew [...]