Not convinced? July 22, 2013 HERE ARE THE ALTERNATIVES Audi SQ5 £44,055 Audi’s SQ5 is one of the best of the fast luxury SUVs. Strictly speaking it’s in a different segment to the Cayenne S Diesel, though it does have similar performance. In fact, the SQ5 is officially the world’s fastest diesel SUV. Powered by a 3.0-litre V6 bi-turbo engine, [...]
Morrisons tops FTSE despite profit decline as supermarket remains confident of second half bounce September 12, 2013 Supermarket Morrisons has seen its pre-tax profits drop from £440m to £344m in the half year to 4 August (release). The announcement also includes a 10 per cent decline in underlying profit to £401m. We anticipate an improvement in our sales performance during the second half and accordingly the Board believes the Group's performance for [...]
Raven Russia says warehouses full to the brim as demand soars August 27, 2013 A LONDON-listed property firm that supplies warehouse space for big blue-chip companies in Russia has seen earnings almost double in the last six months on the back of booming demand from fast-growing consumer firms. Raven Russia, which owns around 12 huge warehouses around Moscow and St Petersburg yesterday reported a 97 per cent jump in [...]
Facebook snaps up translation and voice recognition company August 13, 2013 FACEBOOK plans to buy the maker of a speech recognition and language translation app, providing technology that could bolster the social networking company’s mobile efforts. Facebook did not disclose the financial terms of its deal for Pittsburgh-based Mobile Technologies. Facebook’s management director Tom Stocky said in a blog post: “Voice technology has become an increasingly [...]
Cowes Week Diary: A win for Lucas on Ladies Day would be great August 7, 2013 IT’S FUNNY to be a sailor, full of anticipation, butterflies going, then the start gun sounds and you barely move against the tide. The X One Design class began on the squadron start line yesterday, in light breeze with plenty of tide against them making moving forward a slow process. I think that one of [...]
BATS merger sends Nasdaq into third place August 26, 2013 EXCHANGE operators BATS Global Markets and Direct Edge confirmed their plans to merge yesterday, in the latest threat to the dominance of the New York Stock Exchange and the Nasdaq. BATS, a relative newcomer to the trading business, said its tie-up with Direct Edge will create an operator with a track record in creating “a [...]
Analyst Views: What did you make of Mitie’s trading update yesterday? August 12, 2013 CAROLINE DE LA SOUJEOLE CANTOR FITZGERALD There were no surprises in the update and there was little in terms of numerical information. The shares are trading on a price-earnings ratio of 11.5x times, compared to a peer group average of 12 times, which, in our view, fails to reflect the fact that the firm now [...]
Cook says humans are most important part of Apple turnover recipe September 30, 2013 Apple boss Tim Cook has given employees of the tech giant bonus leave, so that they can have the whole Thanksgiving week off. His letter to staff is below, and recognises that "our most important resource — our soul — is our people." Team- It’s been an exciting summer. For the first time, we’ve launched [...]
Deutsche Bank upgrades Nokia stock to hold on Microsoft tie-up September 3, 2013 Deutsche Bank has just upgraded Nokia to hold on news of the Microsoft-Nokia tie-up that's seen shares in Nokia jump by 45 per cent on the open. Kai Korschelt, research analyst, Deutsche Bank: Selling D&S to MicrosoftThis morning Nokia announced that it is selling its Devices & Services business to Microsoft for E3.8bn and a [...]
Father v son: who will master the snowboard? February 9, 2014 Ski fan Keith Perry swapped his skis for a snowboard at Les Deux Alpes to see if he could give his son a run for his money on the slopes THE FACT that I fall into the so-called “grays on trays” category – snowboarders of a certain age – should have warned me off. That, [...]