LoveFilm set to cash in on sale June 14, 2009 LOVEFILM, the online DVD rental company which has had storming growth thanks to titles such as Slumdog Millionaire, is understood to be considering a stock exchange listing which could provide a £14m windfall for the company’s management. Chief executive Simon Calver has hired investment bank Jefferies to assess strategic options, with a possible sale of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 26, 2009 FINANCIAL TIMES CHEVRON EXPECTED TO COME UNDER FIRE OVER LAWSUIT IN ECUADORChevron is expected to come under fire from shareholders over its environmental record in Ecuador, which has left the world’s third-largest oil company facing potential liabilities of $27bn. Investors, as well as indigenous and farming communities from Ecuador’s Amazon, are set to attack Chevron [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2009 FINANCIAL TIMESCORUS CHIEF SCRAMBLES TO RESCUE FACTORY DEALCorus chief Kirby Adamsm who took over at the Anglo-Dutch steelmaker last month, faces both the worst fall in steel demand for 60 years and a battle to salvage an agreement to sell the group’s Teesside plant to Marcegaglia. It has emerged that Marcegaglia is having second thoughts [...]
Charging for online news will not save the media May 21, 2009 RUPERT Murdoch is a demigod in the media industry. Everything he says is treated as sacrosanct. That’s why his public ruminations on the free online newspaper, which he dubbed a “malfunctioning business” model, has whipped the media into a frenzy, and caused countless commentators and analysts to predict a new dawn, where consumers pay subscriptions [...]
Publishers Beware: The bookworm’s iPod has arrived August 14, 2008 As as free publicity goes, you can’t do much better than getting your product compared to the iPod. That’s why Amazon will have been delighted earlier this week, when Citi analyst Michael Mahaney likened its e-book reader, the Kindle, to the world’s favourite gadget. Digital books have been around since the 1990s, but poor technology [...]
When traders and chatrooms go hand-in-hand August 12, 2008 Investors can now exchange ideas online, Katie Hope assesses the pros and cons Social networking sites are nothing new. Millions of people every day log on to Facebook to update their profile, “poke” their mates and throw sheep at each other, but the trend has now hit Contracts for Difference (CFD) trading. While adding chatrooms, [...]
Customised betting could reap benefits July 7, 2008 You can now personalise your betting screen to improve your chances, writes Katie Hope If you get a suit made, then you might want to go for a bespoke one, so that you can make sure it fits you, with all your quirks and peculiarities. And when you buy a new car, the first thing [...]
Suisse is on a roll November 3, 2005 After suffering more than most when the dotcom bubble burst in 2000, Credit Suisse has pulled itself back into profitability, says Laurie Laird Just five years after the financial world was shaken by the collapse of the dotcom bubble, Credit Suisse First Boston (CSFB) has hauled itself back to profitability and respectability. Net income jumped [...]
Amazon’s ebbs and flows October 27, 2005 The dotcom giant is at the forefront of growth in the online retail industry. Its sales have just kept on growing, hitting $1bn in America and Canada. But yet its share price has taken a tumble this week. Wall Street is always falling in and out of love with Amazon. In the online retailer’s 10-year [...]
Amazon profits hit by increased competition October 26, 2005 Amazon, the online bookseller, last night unveiled a $30m (£16.8m) profit for the third quarter. Some of the gloss was taken off increased sales, however, as it admitted that a patent dispute had cost it $20m. Seattle-based Amazon made a one-off payment to settle a patent lawsuit in the third quarter. Its profit, otherwise, would [...]