Google finally takes Motorola Mobility after China says yes May 22, 2012 GOOGLE yesterday completed its $12.5bn (£7.9bn) acquisition of Motorola Mobility after receiving the green light from the Chinese authorities. “Long-time Googler” Dennis Woodside was ushered into the top spot, taking over from Sanjay Jha as Motorola Mobility’s chief executive. In a blog post, Google boss Larry Page said: “Many users coming online today may never [...]
Miners push up FTSE 100 May 22, 2012 Britain’s leading share index jumped yesterday, driven by gains in mining stocks as the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy. At the close, the FTSE 100 index was up 98.80 points – or 1.9 per cent – at 5,403.28 points, adding strongly to Monday’s 0.7 per cent [...]
Calling all traders: One day to go May 22, 2012 David Jones is the chief market strategist of IG Index and he will be delivering a masterclass at Active Trader on financial spread betting and contracts for difference. TRADING COMMENT DAVID JONES FOR many years, trading financial markets in general, and spread betting in particular, was felt to be the reserve of City professionals. But [...]
FTSE rises fuelled by miners May 22, 2012 The FTSE 100 picked up again this morning as some of last week’s losses were recouped. Hopes that Eurozone leaders were making progress as they tackled the debt mountain engulfing the bloc helped sentiment. One of the ideas to save struggling economies is to issue eurobonds. But an OECD report warned that the fragile global [...]
FTSE up after week-long dip May 21, 2012 BRITAIN’S top share index halted a week-long slide yesterday, as investors stumped up the courage to buy in on the dips of badly beaten equities, although the murky outlook for global growth kept gains to a minimum. London’s blue chip index closed 36.86 points higher, or up 0.7 per cent at 5,304.48, having fallen 5.5 [...]
Does the Chelsea Flower Show represent a uniquely British forum for doing business? May 21, 2012 YES Nick Byrne The Chelsea Flower Show is one of those uniquely English events that people either admire or are puzzled by. Certainly, compared to the way business can be conducted in China, there are differences. China has a long tradition of hospitality, which has been translated into a more Western concept of corporate hospitality. [...]
CHINA MAY NOT SAVE THE WORLD AGAIN AS MACRO DATA CONTINUES TO FADE May 21, 2012 SUNDAY night, as currency markets were preparing for yet another desultory opening of the week’s trade, marked by yet more stress in the Eurozone and a seemingly perfunctory statement from the G8 which was long on platitudes and short on any concrete policy measures, risk currencies did something unexpected – they rallied. Despite the gloom [...]
Invensys buoyed by emerging markets after China setbacks May 17, 2012 BRITISH engineer Invensys said yesterday it was seeing strong demand from emerging markets, as it sought to draw a line under £60m extra costs unearthed in Chinese nuclear power contracts in January. Chief executive Wayne Edmunds said yesterday no further cost issue had come to light, adding: “We have the (new) leadership team in place [...]
Nuclear project on the hunt for new backers May 15, 2012 ENERGY minister Charles Hendry said yesterday that RWE and E.ON’s British nuclear joint venture, Horizon, needs to find new investors if it is to survive because its existing backers will not stump up more cash. Britain’s nuclear future was thrown into doubt in March when RWE and E.ON, under pressure from their home country’s decision [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 14, 2012 FINANCIAL TIMES GM unveils Europe restructuring plan The head of General Motors’ Europe arm told anxious German workers on Monday that he would have to restructure production of a key model in order to help return the European operation to profitability. Paul Smith plans fresh move into China British fashion brand Paul Smith plans to [...]