Apple stock in sharp downturn April 16, 2012 ■ New York’s Nasdaq index was weighed down yesterday after Apple’s stock recorded its sharpest percentage drop since October last year. Apple closed at $580.13 after hitting a record high last week of $644. Some investors said Apple, which is up 45 per cent this year, broke a trend line that led to more profit-taking. [...]
Nokia hits new low as Moody’s slashes rating April 16, 2012 RATING agency Moody’s dealt a fresh ratings blow to Nokia yesterday, dragging its shares to their lowest level in 15 years and reflecting the Finnish handset maker’s struggle to compete with Apple and Samsung. Moody’s cut Nokia’s long-term credit rating to Baa3, one level above speculative grade, sending the battered shares to a historic low [...]
Dow gains on retail sales but Nasdaq suffers April 16, 2012 THE Dow rose yesterday as robust US retail sales data helped large-cap consumer stocks, but a four per cent slide in Apple hurt the Nasdaq. US retail sales for March shot up 0.8 per cent, sharply higher than the forecast, pushing Procter & Gamble up 1.5 per cent, while giving Wal-Mart Stores, the world’s largest [...]
A genuine City institution April 16, 2012 Q Tell us a little about the history and ethos of the business. A Located in the architectural splendour of Leadenhall Market, Chamberlain’s Restaurant is an independent, family-owned operation; a natural extension of our premium seafood wholesale business, Chamberlain and Thelwell Ltd. Established at Old Billingsgate Market in 1947, there have now been three generations [...]
For a fish paradise, take a trip to Leadenhall’s Chamberlain’s April 16, 2012 CHAMBERLAIN’S 23-25 Leadenhall market, EC3V 1LR FOOD ***** SERVICE ***** ATMOSPHERE **** Cost per person without wine: £38 THE Chamberlain’s and Thelwell family business has been around for 65 years. History like that can be enough to crush a new chef. Do you keep things the same and be accused of resting on your laurels, [...]
A right royal coronation for the next generation of Pearly kings April 15, 2012 DESCENDANTS of one of the original families to adopt the tradition will be among those crowned as Pearly kings and queens next month. The new royalty of the City of London, the City of Westminster and the London boroughs will be crowned at the Carpenters Arms, a classic East End pub, on 6 May. The [...]
Telcos frustrated as EU delays mobile wallet April 12, 2012 A FUTURE where you will swipe your phone instead of your credit card looks set to be placed on hold a little while longer, with the European Commission expected to delay its decision on a UK “mobile wallet” scheme. The commission will reveal its decision later today on a joint venture proposal between Vodafone, Everything [...]
CITY VIEWS WILL SONY MAKE A RECOVERY? April 12, 2012 DOMINIC CAMILERI STRUCTURE TONE I think it has a hard task ahead. There is immense pressure from Apple and Samsung. There is a desire for it to come back, but there is very strong competition whose products are cheaper. JAMES FLETCHER FRIENDS LIFE It is too big not to recover. It would take a long [...]
Former Blair adviser sells his PR agency April 12, 2012 TIM Allan, the former spin doctor for BSkyB who started his professional career as a press adviser to Tony Blair, has agreed to sell a majority stake in his public relations firm Portland to the global marketing group Omnicom. The deal values Portland at around £20m (depending on the group’s performance over the next three [...]
Roche sales remain flat as Illumina bid battle rages April 12, 2012 SWISS drugmaker Roche dangled the prospect of a higher offer before reluctant US bid target Illumina yesterday along with broadly flat first-quarter sales supported by its top-selling cancer drugs. Genetics specialist Illumina has rejected Roche’s $6.7bn sweetened takeover offer and has also urged investors to vote against Roche’s bid to get its own nominees on [...]