Push into online streaming in the UK will not be the potion to cure giant’s ills October 24, 2011 IT HAS been a year of two halves for Netflix. It reached a share high of almost $300 in July after a meteoric rise. Last year it accounted for more web traffic than any other site on the internet (that it deals in bandwidth-heavy streaming only makes this marginally less impressive). But it decision to hike [...]
keep one eye on any move in the dax October 24, 2011 EQUITIES staged a strong rally towards the end of last week. The move took a number of stock indices back up through significant resistance levels. The FTSE 100 broke above its 100-day moving average, around the 5,500 mark, while the major US indices behaved with even greater bullish conviction. A few pieces of better-than-expected economic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2011 FINANCIAL TIMES ABN AMRO SEEKS NEW LIFE AS GLOBAL FORCE ABN Amro, the Dutch bank that has seen two of its three post-crisis owners collapse, is on a mission to re-emerge as a force in the sector and has promised to be a buyer of Eurozone financial assets that capital-stretched banks are preparing to sell. [...]
Well-run companies profit even in hard times October 23, 2011 YOU could be forgiven for not noticing, but it is earnings season again. Once you finish trawling through the endless speculation about the next phase of Eurozone debt crisis in the papers and on TV, you’ll eventually find some good old-fashioned company news reporting. Let me summarise. Well-run companies with good products are holding up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2011 FINANCIAL TIMES KKR BETS ON CHINA SLOWDOWN WITH HK EXPANSION Kohlberg Kravis Roberts is set to expand into Hong Kong in an early bet by the US private equity group on a slowdown in the Chinese economy. The buy-out group, which is among the largest in the world, is planning to expand into Hong Kong [...]
LG Display sees a record loss October 20, 2011 SOUTH Korean flat-screen maker LG Display, a key supplier to Apple, posted its biggest quarterly loss yesterday as tepid demand for televisions and computers hit panel prices and one-off losses weighed. LG Display, which vies with home rival Samsung Electronics for the top position in LCD flat screens globally, reported a quarterly loss of £275m, [...]
Finding a place for a new arrival October 20, 2011 BUYING a baby-friendly property is just one of hundreds of things soon-to-be mums have to consider before they give birth. It’s no easy task considering you haven’t yet met your bundle of joy and you’re not exactly feeling top notch carrying them around. If you’re looking to buy a home for your new family to [...]
Nokia losses less than estimates October 20, 2011 The world’s largest cellphone maker Nokia reported a smaller than expected fall in third quarter profits as price cuts and new models lifted sales of its basic cellphones in key markets like India. Shares in Nokia jumped on the surprise profit number, up 9.3 per cent to 4.9 euros, their highest level since May. Nokia, [...]
Motorola in phone launch to rival Apple October 20, 2011 MOTOROLA yesterday set out to show it is still a force in the mobile market with a “reboot” of its top-selling Razr handset, saying the phone is “out of the league” of rivals Apple and Samsung. The ultra-thin device, the first launched since Google announced its $12.5bn (£7.91bn) takeover of the firm, looks set to [...]
Investors spooked by Eurozone fears October 19, 2011 US stocks fell yesterday as traders, after sitting on their hands for most of the day, jumped to sell in a hair-trigger reaction to fresh reports underscoring that Europe remains far from a solution to its debt crisis. In a repeat of a now-familiar pattern, traders capitalized on headlines emerging late in the trading day, [...]