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, [...]
Rumours of third tablet before UK launch of iPad2 March 23, 2011 THE iPad 2 isn’t released in the UK until tomorrow but rumours are already circulating about its successor. Sources yesterday claimed the iPad 3 could be released as soon as September this year. This could spell disaster for iPad rivals such as HP’s TouchPad, which is slated for release in the summer. Its specifications already [...]
iPad 2 cheaper than the first March 22, 2011 APPLE yesterday announced its latest iPad, which will go on sale on Friday, will be cheaper than the original. The iPad 2 will start at £399 including tax for the 16GB model – £30 cheaper than its predecessor. The 32GB and 64GB models will cost £479 and £559, with 3G costing an extra £100, although [...]
Firms cut output on Japan parts shortages March 22, 2011 Sony has cut output at five further plants and Toyota has delayed restarting assembly lines, as the full impact of Japan’s earthquake and tsunami hits the global supply of parts. Electronics and automotive companies have been hardest hit by the turmoil, but in a sign of how the ripples are spreading, Rio Tinto has also [...]
Sony hit by supply chain nightmare March 22, 2011 A shortage of parts will force Sony to cut production or suspend output at five more plants in Japan following the country’s catastrophic earthquake this month that has hit the global supply chain. Global electronics and autos seem to have been most affected by the turmoil, but in an illustration of how the ripples are [...]
The new British Airways boss says the business is ready for take-off March 20, 2011 IT is time for a fresh start. That was the message from Keith Williams, the new boss of British Airways, as he gave City A.M. his first ever interview since becoming chief executive of Britain’s 37-year-old flag-carrier. One can forgive Williams for wanting to turn a page: his predecessor Willie Walsh, who has moved upstairs [...]
Angry Birds creator mulls IPO March 18, 2011 Angry Birds creator Rovio is set for a stock market listing, according to reports from Finland today. The maker of the popular videogame mobile app could be listed on the New York Stock Exchange as early as next year, its chairman Kaj Hed said. Hed first broke the news to Finnish magazine, Talouselama (Economy), where [...]
Disaster fears batter markets March 16, 2011 Fears of another nuclear explosion in Japan have been compounded by a revival in eurozone debt worries and an upscaling in violence against pro-democracy protesters in the Middle East to leave markets lower again. The FTSE 100 closed down 1.7 per cent at 5,598.23 after a plunge in mid-afternoon caused by EU energy minister Gunther [...]