Wolfson sees shares plunge after warning June 27, 2011 WOLFSON Microelectronics, the Scottish chipmaker, yesterday scaled back its forecast for 2011 after its customers delayed the launch of new gadgets and sold fewer-than-expected smartphones and tablets. The warning sent shares in the Edinburgh-based company plummeting. They closed down 26 per cent at 175p, making it the biggest faller in the FTSE indices. The downgrade [...]
Chipmaker fails to cash in on iPad boom June 27, 2011 WOLFSON Microelectronics is the government’s idea of a perfect British business. It is a manufacturer; it is high-tech; it is based in Scotland; and it was spun out of the University of Edinburgh. A business in the regions that actually makes stuff, all the while demonstrating the success of Britain’s education system. A great photo [...]
Regent Street branded new Fifth Avenue June 26, 2011 SUPERGROUP chief executive Julian Dunkerton has labelled Regent Street – where it is to have its flagship store – as “the UK’s answer to Fifth Avenue”, as some of the world’s most famous brands line up to set up shop there. In a changing of the guard among retailers, SuperGroup has bought the lease on [...]
Meet the IT man behind JK Rowling’s Pottermore June 26, 2011 JK ROWLING hit the headlines last week when she scuppered Apple and Amazon by taking her books into the digital world on her own online platform. Her entrepreneurial endeavour, however, was built by another rather entrepreneurial endeavour: a digital agency called Think. Think has only existed for eight years. It has travelled all the way [...]
TRAVEL NOTES June 26, 2011 CHALETS OPEN IN MALAWI Malawi, one of Africa’s poorest countries, is muscling in on the top tourist dollar and with spectacular, untouched beauty it has lots to offer. Next month is the opening of Mkulumadzi Lodge, eight luxurious chalets set on the banks of the Shire River, each with vegetated roofs home to aloes and [...]
Harry Potter and the publishers of fury June 23, 2011 JK ROWLING yesterday delivered a warning shot to the publishing industry that it must adapt to the rapidly-changing online world or risk becoming marginalised. The Harry Potter author revealed she will offer her record-breaking children’s books for download through her own website, circumventing the need to visit digital bookshops like those owned by the likes [...]
Apple gets go-ahead for Nortel auction bid June 23, 2011 US antitrust regulators gave Apple approval to buy certain assets of bankrupt telecom maker Nortel Networks yesterday. Apple joins Google and Ericsson in the fight to snap up 6,000 technology patents and patent applications in an auction starting on Monday. Google has already made a $900m offer.
Imagination grows sales June 22, 2011 APPLE supplier Imagination Technologies saw its stock slip yesterday despite announcing that its revenues hit nearly £100m. The chip designer, which supplies to shareholders Apple and Intel, posted an 80 per cent rise in pre-tax profit after doubling the amount of microprocessors it shipped. It made £24m profits on 21 per cent higher revenues of [...]
ANALYST VIEWS: IS A BITE OF THE APPLE ENOUGH FOR IMAGINATION? June 22, 2011 DANIELA VENTRONE | MATRIX Competition is heating up, leading to market-share losses and average selling price pressure. This is not reflected in market expectations, in our view. Rival ARM’s Mali is seeing important design wins. ALEX JARVIS | PEEL HUNT The fundamental risk factor with Imagination is its market share outlook, where there are more [...]
Nokia boss confirms 2011 release of WP7 June 21, 2011 NOKIA boss Stephen Elop yesterday said he expects the first wave of Windows Phone 7 (WP7) handsets to be released later this year, as revealed by City A.M. earlier this month. Elop said he has “increased confidence” that troubled Nokia will launch its first device based on the platform by the end of 2011, after [...]