Selfridges to buck the high street gloom November 6, 2011 SELFRIDGES, the British chain of high-end department stores, will this week report a surge in profits thanks to the resilience of the luxury goods market. The company, which is owned by Canadian billionaire Galen Weston, is expected to report a 19 per cent jump in profits later this week, after sales at is stories in [...]
CAR TALK November 1, 2011 FORD’S YOUNG-DRIVER PROTECTION TECHNOLOGY Ford has introduced technology which helps parents to prevent young drivers from receiving calls while driving. The feature, which is part of Ford’s MyKey technology, is called “Do Not Disturb” and blocks incoming phone calls or text messages from a Bluetooth-paired mobile phone. Calls are diverted to voicemail and text messages [...]
Asia presses the brakes on Ford recovery October 26, 2011 THE UNCERTAIN nature of the recovery in the global car market was underlined yesterday as Ford posted a dip in third-quarter profit. America’s number two car-maker also cut its profit margin forecast for this year after racking up losses in Europe and Asia. It said it had been hit by slowing growth in China and [...]
Ford profit falls on one-off charge but sales rise October 26, 2011 US carmaker Ford has said its sales rose in the third quarter, helping it to beat market forecasts despite booking a slight fall in profits. Ford’s third quarter net profit fell two per cent to $1.65bn (£1bn) compared with the same period in 2010, while earnings per share were $0.41, down from $0.43 in the [...]
SPORT | IN BRIEF October 24, 2011 Villas-Boas waits on ref probe FOOTBALL: Chelsea manager Andre Villas-Boas will learn tomorrow whether he is to face punishment for his outburst at referee Chris Foy following Sunday’s defeat at QPR. Rangers, meanwhile, will speak to defender Anton Ferdinand today regarding his on-field row with Blues skipper John Terry, after which Terry denied making racist [...]
Chinese manufacturing data starts a busy week October 23, 2011 THIS is set to be a busy week as market participants get to grips with a pile of economic data, US corporate earnings and the second act of the EU summit this Wednesday. CHINA MANUFACTURING PMI The first thing to confront traders this morning will be China’s HSBC Flash Manufacturing PMI. This can be a [...]
Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]
Statoil bids $4.4bn for Norwegian firm Brigham October 17, 2011 STATOIL is bidding $4.4bn for Brigham Exploration to boost its unconventional energy resources in the US, one of its key growth areas. The Norwegian state-controlled oil firm backed its belief in the growing importance of unconventional sources on energy supplies with an agreed $36.50 (£23) per share all-cash offer, a 36 per cent premium to [...]
Keydata wins court ruling against FSA October 11, 2011 KEYDATA founder Stewart Ford compared the Financial Services Authority to a “runaway train” after a High Court judge ruled that the watchdog acted “unlawfully” in its use of legally privileged emails in its enforcement investigation. “Right from the beginning I have said the FSA has acted in an underhand way and I believe that the [...]
STEVE JOBS 1955-2011 October 5, 2011 STEVE Jobs, Apple’s celebrated founder, has died aged 56. Jobs passed away late last night, just six weeks after he stepped down as the firm’s chief executive. Apple marked his passing with a tribute on its website to a “visionary and creative genius” and “an amazing human being”. “Steve’s brilliance, passion and energy were the [...]