MAJOR NASDAQ OMX NORDIC LISTINGS June 7, 2011 ● ERICSSON Telecommunications giant Ericsson is listed on the Stockholm exchange. Its business segments include networks, professional services and multimedia, as well as the joint venture Sony Ericsson, which produces mobile phones, accessories and PC-cards. The company’s turnover is 806.5m Swedish kronor, according to figures from Nasdaq OMX. ● NOKIA Last year, the mobile phone [...]
Ladbrokes to focus on digital strategy in H2 August 2, 2012 Britain’s second-biggest bookmaker Ladbrokes said on Thursday it would focus on its ailing digital business in the second half after profit from that division fell in the first six months of the year. Overall group operating profit rose 11 per cent to £106.9m in the first half, the bookmaker said. Growth in its British high [...]
IAG to restructure Iberia as group slumps to H1 loss August 3, 2012 The owner of British Airways and Iberia has announced a wholesale restructuring of the underperforming Spanish airline as it tumbled to a first-half group loss and cut its full-year earnings guidance. Willie Walsh, the head of International Airlines Group, said the Iberia reorganisation would mean shedding jobs and reshaping its network. “Iberia’s problems are deep [...]
Xstrata H1 earnings drop, defers $1bn of spending August 7, 2012 Anglo-Swiss miner Xstrata, in the throes of a $26bn (£16.7bn) takeover bid, posted a smaller-than-expected drop in profit despite the impact of weaker prices and reduced copper production, and announced plans to cut spending for the year. Xstrata’s earnings before interest, tax, depreciation and amortisation (Ebitda) for the first six months of 2012 totalled just [...]
H&M September 29, 2010 H&M is a company built for recession. You can splurge on outfits for under a tenner, and it specialises in fast throwaway fashion – stocking the latest look, but making it cheap enough to ensure you return for more when it’s no longer in trend. Investors have lapped up this apparently slump-proof stock – sending [...]
FIT IN THE CITY November 28, 2011 FITNESS & DIET EXPERT So you ignored the headlines a few weeks ago giving you your Little Black Dress countdown. Now you’re faced with the prospect of sporting backless, strapless numbers for the next five weeks. What’s a girl to do? Act sharpish, I say. I’ve researched (yes, I’ve been the human guinea pig) for [...]
MAN CITY | are they the new BARCA? November 22, 2011 After Saturday’s win against Newcastle, City manager Roberto Mancini insisted his side were ready to be compared to Barcelona. City A.M. assesses the evidence from last night and beyond. CURRENT FORM City top the Premier League and, like Barcelona, remain unbeaten domestically. The Catalans, however, trail Real Madrid by three points as a result of [...]
Cairn finds gas in Sri Lanka October 2, 2011 Cairn India, a subsidiary of Cairn Energy, said yesterday it has discovered natural gas in Sri Lanka’s offshore Mannar Basin, confirming an earlier announcement by Sri Lankan President Mahinda Rajapaksa. “Further drilling will be required to establish the commerciality of the discovery,” Cairn said in a statement, referring to the find at the CLPL-Dorado-91H/1z well [...]
H&M is hit by rise in costs of materials September 29, 2010 SWEDISH fashion group Hennes & Mauritz (H&M) said profit margins weakened in its third quarter, as costs rose. While H&M boosted profit by 20 per cent thanks to popular sales campaigns and its wide geographical spread, analysts worried about how the world’s third biggest clothing retailer – behind Gap and Inditex – will cope with [...]
SINGAPORE TYCOON TO PITCH FOR FULHAM’S HISTORIC TOWN HALL December 11, 2011 FORGET the West End, the eyes of the property world will tomorrow be fixed on Fulham, when the council decides the fate of its historic town hall. The tender to develop the Grade II-listed site, which dates back to 1888, has been narrowed to a list of three developers – one retail, one residential and [...]