Arm beats forecasts with 47pc profit jump February 1, 2011 Chip designer ARM beat expectations with a 47 per cent rise in fourth-quarter profit on , helped by booming growth in smartphones and tablet computers, and said it was well placed for 2011. The company, whose architecture is licensed to chipmakers like Infineon , Qualcomm and Samsung, reported pre-tax profit of 47.6 million pounds on [...]
Square Mile to get 15 mins of free Wi-fi a day January 30, 2011 WI-FI hotspot provider The Cloud will launch a program tomorrow offering everyone in the Square Mile 15 minutes of free wi-fi a day. The move is the first major announcement by the firm since it was snapped up by Sky last week for almost £50m. Sky plans to use The Cloud, which has around 22,000 [...]
Sky profits soar despite distractions January 27, 2011 BSKYB proved yesterday that behind the media sideshow surrounding its potential new owner and its wayward sports presenters lies a powerful profit-making machine. The broadcaster saw its profits soar 40 per cent year-on-year for its second fiscal quarter as it added an extra 140,000 new customers. Revenue for the period was up 15 per cent [...]
CITY VIEWS: SHOULD MURDOCH BE ALLOWED TO BUY THE REST OF BSKYB? January 27, 2011 ADAM COUNIHAN | PREQIN “I don’t really have a problem with it to be honest. I was under the impression that Murdoch already owned the whole company. It’s reasonable for the Competition Commission to look at a takeover of this size, but personally I don’t mind.” JOHN HIEW | MCCURRACH “As an idea it’s fine, [...]
Keys quits over sexism row January 26, 2011 Face of Sky Sports bows to pressure but blames ‘dark forces’ for forcing him out PRESENTER Richard Keys last night bowed to pressure and resigned from his high-profile role as Sky Sports football anchor over the storm caused by leaked footage of him making sexist comments. Keys’ resignation was accompanied by an apologetic statement and [...]
OFT won’t report banks January 26, 2011 THE OFFICE of Fair Trading has decided not to report London’s investment banking industry for anti-competitive practices, according to reports last night. The OFT has spent six months looking at whether equity underwriting practices stifle competition, but does not have enough evidence to make a formal referral to the Competition Commission. The watchdog said in [...]
Gray breaks silence over Sky sacking January 26, 2011 SACKED pundit Andy Gray insists he had intended to apologise on Monday night for making sexist comments. “Sadly I was unable to do so as I was suspended from the show by Sky Sports and have now been sacked,” said Gray. “Football is my life and I am devastated by losing the job that I [...]
Agius warns EU rules could hurt recovery January 26, 2011 MARCUS Agius, the chairman of the British Bankers’ Association and Barclays, has warned the government that regulators could hinder the recovery by adopting new banking rules more quickly than other countries. In a letter to chancellor George Osborne, Agius argued the UK risks tipping the playing field of global commerce in favour of rival financial centres. He [...]
Hunt delays decision on News Corp bid January 25, 2011 CULTURE minister Jeremy Hunt has stalled his decision over the future of News Corp’s £7.8bn bid for Sky. Hunt says he will give News Corp more time to prove its bid will not have an adverse affect on media plurality before referring it to the Competition Commission. Media watchdog Ofcom has filed a report highlighting [...]
The Cloud wi-fi network is target for Sky January 25, 2011 SKY is on the brink of snapping up wi-fi hotspot provider The Cloud in a deal analysts say could be worth around £100m. Sky is desperate to compete with rival BT, which offers its subscribers free access to its Openzone wireless network covering most of the country. The Cloud has around 22,000 hotspots across the [...]