WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2009 FINANCIAL TIMES CHIP MAKER MOVES TO QUASH BID SPECULATIONImagination Technologies has reiterated that it expects to remain independent, despite market speculation to the contrary and heavy share buying in the chip designer. Intense buying on the London Stock Exchange saw more than 12m shares change hands and 9.7m sold at 150p a share, amid speculation [...]
Apple’s new iPhone sells 1m in week one as Jobs returns June 22, 2009 APPLE said yesterday that it had sold more than 1m of its iPhone 3GS in the first three days of launch, making it the most successful smart phone debut to date. The rush to secure the latest model beat analyst expectations and matched the sales for the old 3G model, despite being launched in just [...]
Liver transplant for Apple’s Steve Jobs enables his return June 21, 2009 APPLE chief executive Steve Jobs is understood to have undergone a liver transplant operation about two months ago and is expected to return to work by the end of this month. Jobs, a pancreatic cancer survivor seen as the driving force behind development of the iPod, iPhone and other category-defining products from Apple’s famed innovation [...]
BILL OF THE WEEK June 21, 2009 MONEY was obviously of little concern to these four diners at South Kensington restaurant L’Etranger last week, as they spent a corking £2,263.33 on the restaurant’s “1961 Table” tasting menu. For £500 per person, they ate scallops wrapped in prosciutto parma ham and black tobiko with oyster, chive and champagne vinaigrette; a three-way game platter [...]
Magritte & frites in Brussels June 14, 2009 IF it is known for anything, Brussels is probably most famous for its beer and frites. Either that, or the spectacular Grande Place, an ornate masterpiece designed to awe visiting merchants. Or the Manneken Pis, the statue of the urinating boy that stands close to the Grand Place. Or the Atomium, the strange construction in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 10, 2009 FINANCIAL TIMES RIKSBANK BORROWS €3BN FROM ECBThe European Central Bank (ECB) stepped in yesterday to help avert a Baltic financial crisis by lending €3bn (£2.6bn) to the central bank in Sweden, whose banks dominate the region’s financial sector. The ECB move signalled the Frankfurt institution’s willingness to shore up official European help for countries such [...]
Odey and GLG among hedge fund winners June 10, 2009 WINNERS are emerging from the hedge fund sector’s dramatic comeback in May, with groups like Odey and GLG now trumpeting net gains as high as 35 per cent this year so far. Hedge fund managers are saying investments in banks and emerging markets paid off last month, while recent research claimed May saw the vehicles [...]
APPLE LAUNCHES NEW iPHONE June 8, 2009 APPLE yesterday unveiled the iPhone 3GS, a new version of the hit product, which has 100 new features and the ability to shoot video. The phone is expected to hit stores on 19 June in the US and costs between $199 (£124) to $299 for customers who sign up to a two-year contract. The existing [...]
Banks shrug off McDonald’s and Apple worries June 8, 2009 US stocks rebounded late yesterday to end flat, shrugging off lighter-than-expected sales from McDonald’s and lowered iPhone prices from Apple. The three major US stock indexes had fallen more than 1 per cent before rallying in the last hour of trading, led by bank shares. Analysts pointed to the S&P 500’s recent piercing of its [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2009 THE SUNDAYSThe Sunday Telegraph WIGLEY TO ADVISE ADVENTThe former chairman of Merrill Lynch’s European operations and a respected City figure, is joining the private equity firm Advent International to identify investment opportunities across the financial services industry. Wigley will become a part-time operating partner at Advent, which is sitting on a large cash-pile after raising [...]