IT bull that shorts Ocado February 20, 2011 BLUE Ridge Capital, the hedge fund thought to have lost £40m after betting against Ocado, is no stranger to internet-based businesses: its two biggest long positions in the US are online giants Amazon and Apple, according to an SEC filing last week. The fund was set up by former Tiger Management president John Griffin in [...]
CITY MOVES | WHO’S SWITCHING JOBS February 20, 2011 Kinsey Allen International The global executive search firm has appointed DiAnn Ferguson to launch its asset management practice in San Francisco. Ferguson will focus on mandates within the asset management sector on the west coast of the US. She has over 20 years experience as a trader, broker and search consultant in London, continental Europe [...]
The five tech trends set to change your world in 2011 February 17, 2011 MOBILE World Congress (MWC), the world’s biggest mobile phone show, ended yesterday. Here City A.M., looks at the biggest trends to emerge from the show and looks at how they could affect your life over the next year. THE SHADOW OF NOKIA/MICROSOFT THE bombshell dropped by Nokia the weekend before MWC kicked off, when the [...]
Google ups heat on Apple February 16, 2011 GOOGLE chief executive Eric Schmidt stole Apple’s thunder yesterday by launching a well-received online content subscription service just a day after its rival unveiled its own. Google’s One Pass payment model, which will allow publishers to charge for content viewed on computers and mobile devices, was praised as more flexible for users and a better [...]
Nokia chief Elop comes out fighting February 16, 2011 NOKIA boss Stephen Elop took to the stage for his keynote speech at Mobile World Congress yesterday with calls for his resignation ringing in his ears. A group of shareholders, all former Nokia employees who are dismayed by his decision to ditch the Symbian operating system in favour of Microsoft’s Windows Phone 7 (WP7), issued [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES JERSEY AND ISLE OF MAN OFFER TAX SOP TO BRUSSELS Jersey and the Isle of Man have announced changes to their corporate tax regimes in an effort to neutralise criticism from Brussels. Both crown dependencies said they were withdrawing laws that aim to stop local shareholders from avoiding personal income tax by rolling [...]
Vodafone in swipe at Apple February 15, 2011 VODAFONE chief executive Vittorio Colao made a veiled attack on Apple yesterday as he called for greater openness in the mobile industry. He said he was concerned about firms creating so-called “walled gardens” around content, stressing “the importance of avoiding dominance in any step in the value chain”. Sources close to Vodafone confirmed the comments [...]
CAR TALK February 15, 2011 Autobiography Ultimate Edition The most luxurious Range Rover ever is to debut at the Geneva Motor Show next month. The Autobiography Ultimate Edition has an interior hand-finished in Kalahari wood, leather and aluminium, a yacht-inspired teak load floor and a cabin which includes a rear console with a machined aluminium laptop table, drinks chiller, and [...]
FORLORN FERNANDO February 14, 2011 FULHAM (0) vs CHELSEA(0) Torres subbed again after another limp display Ancelotti defends his record purchase Title gone for good despite Cech penalty save CHELSEA manager Carlo Ancelotti defended another tepid display from Fernando Torres but admitted his side’s hopes of retaining their Premier League crown are over after frittering away two points against their [...]
Analysts pan Microsoft and Nokia tie-up February 14, 2011 NOKIA chief executive Stephen Elop defended his firm’s partnership with Microsoft yesterday after the deal sent its shares tumbling a further five per cent. Shares in the Finnish firm have now lost a staggering 19 per cent since the deal was announced on Friday, knocking €6bn (£5bn) off its market value. Elop said Nokia will [...]