Profits drop at Apple’s cable maker May 29, 2012 Profits fell for cable maker Volex as consumer electronics giant Apple, its biggest client, pushed for “greener” halogen-free cables. Volex, 23 per cent owned by Nat Rothschild, posted a decline of five per cent in annual pre-tax profit to $19.21m but said underlying profits grew by 23 per cent.
Using an iron condor to swoop to trading profits May 28, 2012 USING options strategies can allow investors to take a position on an underlying asset – whatever direction it goes in. Though it might sound like the name of a bad 80s hair metal band, an iron condor is an options trading strategy that involves buying and holding four different options and taking advantage of their [...]
Ex-Dixons boss lands £36m for joining Apple May 27, 2012 JOHN BROWETT, the former boss of Dixons, is to receive a $56m (£36m) golden hello from Apple for taking charge of the tech giant’s network of stores around the world. Browett, who has been at the helm of the struggling British electronics group since 2007, moved to California last month after he was poached by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 23, 2012 FINANCIAL TIMES Web pioneer sues over iTunes A General Electric-owned company is squaring up to Apple in a Pennsylvania courtroom over whether its patents were infringed when Apple launched its iTunes platform. The case, which pits two of the US’s biggest companies against each other, is the latest in a string of high-profile patent disputes involving technology [...]
RIM loses head of global sales May 23, 2012 THE head of global sales at Research In Motion has left to take on a leadership role in another industry, the BlackBerry maker said last night. London-based Patrick Spence was a 14 year company veteran widely considered a rising star for RIM. He was promoted to the global sales role in July last year after [...]
Essex boy who became designer to a generation May 23, 2012 ASK most Britons to name a famous designer, and they will probably offer Sir James Dyson or Terence Conran. Although both are distinguished, neither can lay claim to something as generation-defining as the iPhone. It was designed by Essex boy Jonathan Ive, who was yesterday knighted for services to design. It’s strange, then, that Ive [...]
Stocks boosted in late day rally May 23, 2012 US stocks staged a late-day reversal yesterday, rallying into the close in another volatile session as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq. The action shortly before the market’s close was a mirror image of Tuesday when stocks gave up gains in the last [...]
Dell shares dive as it struggles to grow income May 22, 2012 COMPUTER manufacturer Dell last night forecast disappointing second-quarter revenue as US and European corporate tech-spending weakens and consumer personal computer sales continue to shrink. Its shares dived more than nine per cent in after hours trading. Dell, like rival Hewlett-Packard, is losing market share to mobile devices such as Apple’s iPad as consumers choose to [...]
Stamford Bridge scores with Marco May 22, 2012 RESTAURANT MARCO Stamford Bridge, SW6 1HS FOOD ***** SERVICE **** ATMOSPHERE *** Cost per person without wine: £50 Here’s an odd one: a banker I know is a Gunner: an Arsenal supporter, that is. But, he confesses, he’s also a regular at Stamford Bridge. That’s enemy territory: home of my team, the Blues, Chelsea FC. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2012 FINANCIAL TIMES SFO lawyer warned against pursuing Tchenguiz case The lead lawyer in the Serious Fraud Office’s investigation of the Tchenguiz brothers warned the agency two months before the property tycoons’ arrest that it should not pursue the case. In January 2011, Wayil Eisa, the lawyer tasked with drafting the case for the prosecution, submitted [...]