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 [...]
CITY VIEWS: HOW IS THE WEDDING AFFECTING THE UK ECONOMY? April 26, 2011 Save or Borrow peer to peer at RateSetter.com www.RateSetter.com Customer Phoneline: 08442490115 AL DRUMMOND | RSA “There are fewer people about but people plan and work from home. It’s not a big issue.” ALAN LARWARK | PRICE FORDS “The days off and the timing are bad for the economy. I’d cancel it if I could.” [...]
FTSE closes at two-month high despite light volumes April 26, 2011 aBRITAIN’S FTSE 100 closed at its highest level in over two months yesterday, albeit in light volumes, as earnings from the US and Europe supported gains ahead of results from UK companies such as ARM and BP. The blue-chip FTSE 100 closed up 0.9 per cent at 6,069.36, with volumes still thin after the four-day [...]
Corporate results boost US stocks April 26, 2011 A FRESH batch of corporate results pushed US stocks to their best levels since June 2008 yesterday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise. The S&P 500 barreled through the 1,344 level, seen as a key resistance point the benchmark index needed to surpass in order to [...]
FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
Ford idles plants over shortages April 25, 2011 Ford will idle plants in Taiwan, China and South Africa beginning this week due to the shortage of parts from Japan after the 11 March earthquake, tsunami and nuclear crisis, the company said yesterday. All three plants were scheduled to be shut at a later date.
CAR TALK April 19, 2011 LUXE NEW MINI BMW has introduced the most exclusive and luxurious Mini yet at the Shanghai motor show. The “Mini Inspired by Goodward” is a 1,000 limited edition Mini crafted using Rolls-Royce materials and overseen by RR designers. The Mini has an interior trimmed in walnut burr, black RR-quality nappa leather, a deep-pile lambswool carpet, [...]
Japan nuclear crisis deepens April 12, 2011 THE NUCLEAR crisis in Japan was yesterday upgraded to the maximum level of severity, on a par with the Chernobyl disaster of 1986. The problems centred around the Fukushima Daiichi plant are now classed as “a major release of radioactive material with widespread health and environmental effects”, the International Atomic Energy Agency said yesterday. The [...]