WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2011 THE WALL STREET JOURNAL ANGLO IRISH’S US PORTFOLIO DRAWS INTEREST Several banks, including Deutsche Bank AG, Goldman Sachs Group, J.P. Morgan Chase and Wells Fargo, are weighing bids for parts of nationalized Irish lender Anglo Irish Bank Corp’s US real-estate portfolio, according to people familiar with the matter. NOKIA EXPECTED TO GIVE DOWNBEAT FORECAST When [...]
Apple crushes profit forecast July 19, 2011 APPLE’S quarterly revenue again crushed Wall Street expectations yesterday, driven by blockbuster sales of its hot iPhones and iPads. Its flagship products all exceeded forecasts. It sold 20.34m iPhones during the quarter along with 9.25m iPads and 3.95m Mac computers. Gross margin for the quarter came to 41.7 per cent. The Cupertino, California company said [...]
Banks lead FTSE fight back July 19, 2011 The FTSE 100 fought back on opening today with banks recovering some of the ground they lost yesterday after the Eurozone debt crisis and US economic uncertainty sapped confidence. Following a grim session the financial sector found its feet today, clawing back losses which were partly triggered by analysts criticising European bank stress tests. Barclays [...]
IBM trounces forecasts with 8pc profit rise July 18, 2011 TECH giant IBM’s quarterly profit rose eight per cent from a year earlier, beating Wall Street forecasts, buoyed by strong growth in sales of its computers and software. The world’s biggest maker of mainframe computers reported second-quarter net income of $3.66bn (£2.88bn), or $3.00 per share, compared with $3.39bn, or $2.61 per share, a year [...]
POACHERS TURNED GAMEKEEPERS SNARE GOLDMAN WITH BEST BREW July 18, 2011 SHARP-suited, discerning of taste and with a generous disposable income they can easily take elsewhere. Yes, the Goldman crew are a tough crowd – but even the investment bank’s most hard-nosed deal-makers are being won over by the new Italian opposite the Goldman Sachs fortress on Fleet Street, which is gaining a reputation for the [...]
Apple set for bumper quarter July 17, 2011 Apple is set to deliver yet another bumper quarter when it announces its results tomorrow. Analysts expect stronger second-quarter revenue and profit, boosted by the easing of component shortages for the iPad caused by the Japanese tsunami, which could boost gross margins to as high as 41 per cent. The market expects revenues to rise [...]
Stress test relief to provide a lift to markets on open July 17, 2011 AND the winner is…” direction for stocks this morning will be driven by the results of the European bank stress tests, which were released at 5pm on Friday, after European stock markets closed. A grand total of eight banks failed the tests, but that number was well below the worst fears of some analysts who [...]
Apple increases app prices July 14, 2011 Apple has increased prices in its UK App Store, upping charges by up to 25 per cent across its product range. The lowest price – currently 59p – will rise to 69p, a jump of 17 per cent. Price points at £1.19 and £3.99 will both rise by 25 per cent, to £1.49 and £4.99 respectively. [...]
BEST OF THE BROKERS July 13, 2011 ESSAR ENERGY Goldman Sachs rates Essar a buy with a £5.75 target price after disappointing second-quarter results. Its earnings were hit by underperforming units – but Goldman thinks these will recover after an overhaul in September, and is focusing on its refinery upgrades, due for completion at the end of the year, which it believes [...]
Why I might ditch my iPhone for Windows. No, really. I’m serious. July 11, 2011 This could be the year I swap my iPhone for a Windows Phone. Really. No, really. Seriously. Wait, hear me out. Fine. What? Just get out. Go. Last week I got my hands on the latest version of WP7, codenamed Mango. And it’s good. It’s very good. Its predecessor was nice – it avoided the [...]