Dutch chip firm ASML buys US’s Cymer for €2bn October 17, 2012 DUTCH microchip equipment maker ASML is set to spend €1.95bn (£1.6bn) on Cymer, a US technology company whose technology is crucial to making the next generation of smartphone chips, the company said yesterday. ASML saw a flood of investment from microchip manufacturers Samsung, Intel and others over the summer, in order to fund new research [...]
Dutch chip firm ASML buys US’s Cymer for €2bn October 17, 2012 DUTCH microchip equipment maker ASML is set to spend €1.95bn (£1.6bn) on Cymer, a US technology company whose technology is crucial to making the next generation of smartphone chips, the company said yesterday. ASML saw a flood of investment from microchip manufacturers Samsung, Intel and others over the summer, in order to fund new research [...]
Rapid responses November 1, 2012 Cost of care [Re: The real reasons why living costs are still going up, yesterday] As someone who has used childcare for the last seven years, I feel qualified to comment on Ryan Bourne’s article. There is a deep irony in the sector – although childcare itself is very expensive (as Bourne says, due to [...]
Aureus strikes share deal gold November 4, 2012 GOLD miner Aureus Mining, the junior mining entity listed on Aim, has outlined an underwriting agreement with brokers RBC, GMP and Clarus Securities to place $80m (£50m) of shares to fund Liberia’s first commercial gold mine. The London-listed firm, led by former Randgold exploration chief David Reading, is hoping to place a minimum of £50m [...]
The new lord mayor’s message: Social and financial returns go hand in hand November 11, 2012 IN THE 35 years since I first started working in the Square Mile, I have seen many things change. But one constant over this period is that the success of our financial services industry continues to be dependent on the concept of service. In other words, the City must serve society rather than the other [...]
What the other papers say this morning November 18, 2012 FINANCIAL TIMES EU makes budget plans without UK EU officials have begun work on a plan to create a long-term budget without the UK in a move that reflects mounting frustration that Britain’s demand for a spending freeze cannot be reconciled with the rest of the bloc. EU officials and national diplomats have been studying [...]
East India Company: The original City firm judged too big for failure December 16, 2012 FOR an institution that’s been defunct for over 150 years, the East India Company still evokes powerful reactions. This year in India, a move to liberalise the retail sector to allow investment by foreign multinationals was greeted with protests: “this is the return of the East India Company”. Meanwhile in the UK, Sanjiv Mehta has [...]
What the other papers say this morning November 8, 2012 FINANCIAL TIMES Panmure hires team from Matrix Panmure Gordon has returned to the investment fund business by hiring a team from Matrix Corporate Capital, as the broker seeks to build on its return to profitability without inflating its cost base. Most of Matrix’s existing investment funds team, which includes market makers, specialist analysts and sales [...]
The real reason small businesses aren’t borrowing more from their banks November 14, 2012 ALMOST every politician I meet asks me one question. Often with a hint of menace, they demand: “why are banks refusing to lend to small businesses?” They say their postbags are full of complaints from small to medium-sized enterprises (SMEs) that banks are refusing to approve or renew loans or overdrafts. In reply, banks point [...]
The real reason small businesses aren’t borrowing more from their banks November 14, 2012 ALMOST every politician I meet asks me one question. Often with a hint of menace, they demand: “why are banks refusing to lend to small businesses?” They say their postbags are full of complaints from small to medium-sized enterprises (SMEs) that banks are refusing to approve or renew loans or overdrafts. In reply, banks point [...]