WHAT THE OTHER PAPERS SAY THIS MORNING March 31, 2011 FINANCIAL TIMES TOPAZ POSTPONES $1.7BN FLOTATION Topaz Energy & Marine, one of the biggest oilfield service companies in the Middle East, has pulled its $1.7bn flotation in London less than a month after announcing its intention to list, becoming the latest corporate victim of the civil unrest sweeping the region. Oman’s Renaissance Services blamed the [...]
BORIS Vs BLOOMBERG March 31, 2011 BORIS Johnson yesterday hit back at New York mayor Michael Bloomberg, accusing him of trying to pinch London-based Barclays bank. Johnson said it would be a “tragedy” if London were to lose Barclays, and pointed out the bank had shown its commitment to the capital by sponsoring his flagship “Boris bike” cycle hire scheme. “This [...]
BLOOMBERG WOOS BARCLAYS March 30, 2011 New York mayor Michael Bloomberg (pictured) yesterday called on Barclays bank to move its headquarters to the Big Apple. “It would be a great move for them to move here,” Bloomberg said at a press briefing. “I hope they move here; it’d be great for us.” Barclays has held early-stage talks with US regulators about [...]
Celebrate Mother’s Day with a luxurious high tea March 30, 2011 LANDMARK LONDON The grand Marylebone hotel is well-known for its splendidly lavish Sunday brunch buffet served in the vast atrium of the Winter Garden, with everything from pastries and salads to roast dishes, and a sweeping array of desserts topped off with a chocolate fountain. As an added treat for Mother’s Day, you can mix [...]
The good, bad and ugly of iPad docks March 28, 2011 IT’S here! It’s here! Let us skip hand-in-hand through fields of rose petals and clouds of pure, distilled happiness, for the latest offering from Apple has finally descended to earth. The number of words scrawled in newspapers and online about the iPad 2, if placed end to end, would recede into infinity, twist back on [...]
Apple sells out of iPad 2 March 28, 2011 Apple has already sold out second generation iPads in the UK after massive demand in its first weekend on sale. Those ordering online now face a wait of up to four weeks, with the US taking priority. Analysts believe Apple shifted a staggering 500,000 units in the US over the weekend of the 11 March. [...]
BlackBerry maker buys new app March 27, 2011 BlackBerry maker Research In Motion says it has bought Ontario-based startup tinyHippos Inc, creator of Ripple, a cross-platform mobile application development and testing tool. The company was acquired for its “extensive experience in web and mobile widget/web development,” Tyler Lessard, RIM’s vice president of global alliances and developer relations, said on the developer’s blog. Terms [...]
THE WEEK AHEAD March 27, 2011 COMPANY NEWS • Travel company Thomas Cook group is going to announce its second quarter interim management statement on Tuesday. This will be followed by figures being released by TUI Travel on Thursday, where we may see indication of how the Middle East turmoil affected the performance of travel companies. • Housebuilder Bellway will be [...]
FTSE rallies on strong corporate news March 25, 2011 Strong corporate earnings data have pulled stocks back to levels prior to Japan’s earthquake and tsunami crisis today despite fresh unrest spreading in the Middle East. The FTSE 100 closed up 0.34 per cent at 5,900.76 as traders bought into undervalued stocks and positive broker notes while remaining unfazed by geopolitical issues. “The speed of [...]
BlackBerry maker warns of profit fall March 24, 2011 SHARES in BlackBerry maker Research in Motion (RIM) fell 12 per cent in after hours trading yesterday after it cut its earnings forecast for the current quarter due to heavy investment in its new products. Ontario-based RIM delivered a $934m (£572m) net profit or $1.78 earnings per share in its fourth-quarter, which ended in February, [...]