Wall Street sell-off on recovery fears June 1, 2011 WALL Street ended a four-day rally with its worst session since August yesterday and could suffer more losses in coming days as investors faced more signs the economic recovery is fading. All 10 Standard & Poor’s sectors ended more than one per cent lower and all 30 stocks in the Dow industrials fell. Banks were [...]
ALSO OUT THIS WEEK | FILM, MUSIC, GAMES May 26, 2011 FILM APOCALYPSE NOW Re-release for Francis Ford Coppola’s spellbinding depiction of the Vietnam war. ANGELS OF EVIL Elegant Italian crime saga about the rise and fall of a Milanese mobster. LIFE, ABOVE ALL South African film exploring the harshness of life in modern Johannesburg. DVD LOVE AND OTHER Drugs Saucy romantic comedy with Jake Gyllenhaal [...]
CITY MOVES | WHO’S SWITCHING JOBS May 24, 2011 May Gurney Margaret Ford, Baroness Ford of Cunninghame, will become non-executive chairman at the company’s AGM on 7 July 2011. In the interim she will be appointed to the board as a non-executive director, with immediate effect. Gurney, 53, recently retired from Serco as senior independent director and has extensive public company experience, including Grainger [...]
CAR TALK May 24, 2011 ASTON MARTIN TEAMS WITH ZAGATO To celebrate the 50th anniversary of the iconic DB4GT Zagato, Aston Martin has created an elegant, new V12 Zagato concept with the Italian design house Zagato. The car has a handcrafted aluminium body and features the iconic Zagato double bubble roof. The car premiered at the Villa D’Este Concours, Lake [...]
Diamond miner bets on Mellier to sparkle at top May 16, 2011 FRENCH-BORN Mellier moves to the number two diamond producer fresh from Alstom Transport, having been president of the French engineering group since 2003. He started his career at Ford in 1980 as a sales and planning analyst, and went on to spend 19 years there including stints in Portugal, New Zealand and Mexico. Mellier ended [...]
Aliens hit South London May 12, 2011 Film ATTACK THE BLOCK Cert: 12A LATER this year we have the promising prospect of a Daniel Craig and Harrison Ford fighting off marauding extraterrestrials with six-shooters in Cowboys & Aliens; in the meantime, Attack the Block brings interplanetary nasties up against a more familiar (to Londoners, anyway) adversary – this is Hoodies & Aliens, [...]
GM triples its profits May 5, 2011 General Motors (GM) added further weight to the automotive industry bounce-back after more than tripling its quarterly profits. However, the stronger-than-expected results, driven by a recovery in the US market and strong sales in Asia, were not enough to please bearish investors, who picked up on its vehicle prices being weaker than rival Ford, with [...]
Keydata escapes criminal charges May 3, 2011 Criminal charges will not be brought against anyone involved in the collapse of Keydata, the financial services firm that collapsed earlier this year, according to the Serious Fraud Office. The SFO said there was “insufficient evidence” for a prosecution. An ongoing Financial Services Authority (FSA) probe into the firm’s failure could however land executives with [...]
SDL sees first-quarter profit in line April 26, 2011 Translation software firm SDL said yesterday its performance for the first-quarter of 2011 was in line with management expectations for both revenue and operating profit. The group, which provides patent translation software services for Ford, Canon and Dell, said demand conditions overall remain strong. “Whilst we continue to see varying demand conditions in different industry [...]
Ford posts highest first quarter profit since 1998 April 26, 2011 Ford reported its best first-quarter profit in 13 years, driven by strong sales in its home market and demand for more fuel-efficient vehicles. Ford also said yesterday that last month’s earthquake, which has hurt the supply chain in Japan, has had “minimal” impact on its business, and analysts said Ford may even stand to gain [...]