IBM to double profit by 2015 May 12, 2010 IBM said it expects its profit to roughly double to more than $20 a share by 2015, helped by growth in emerging markets as well as the company’s push into high-margin technology services and software businesses. IBM chief executive Sam Palmisano told an annual investor briefing yesterday that the company expects earnings per share (EPS) [...]
Tech and industrial shares tick up on earnings hopes May 12, 2010 US stocks capped their best three-day run in 10 months yesterday boosted by technology and industrial shares, after Spain unveiled an austerity plan that reassured investors Europe was addressing its fiscal ills. Spain said it will slash civil service pay and cut public-sector jobs, just a few days after EU finance ministers approved a €750bn [...]
Sovereign debt risk sparks worry over banks May 9, 2010 HEADING into last week, the markets were still primarily focused on politics. Would Greece receive aid money from fellow European countries? Would politicians come together and back fiscal measures to stem Greek debt contagion? Who would win the general election in Britain? Previously peaceful anti-austerity protests in Greece took a turn for the worse, investors [...]
Start-ups secure funding as recovery kicks in April 26, 2010 For those of us on the ground building businesses, a new reality is emerging as the recovery sets in. Ariadne has won funding for five companies in 2010 including Everyclick, which has secured a hefty sum from new and existing investors. Why are so many start-ups getting funded – in our portfolio and elsewhere – [...]
Tories in desperate fight for survival April 19, 2010 POLITICS has not returned to normality and may never do so; unless the Nick Clegg bubble is pricked in the next few days, the Liberal Democrats are about to overthrow the established order and hand Gordon Brown an astonishing opportunity to remain in Downing Street. Few investors and voters have properly digested the revolutionary implications [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2010 FINANCIAL TIMES HCL FUELS DEBATE The head of one of India’s biggest IT outsourcing companies has waded into the debate on UK public sector efficiency savings, complaining of an “old boys’ network” in government procurement. Vineet Nayar, chief executive of HCL Technologies, hit out at the “stranglehold of a few companies” in Britain’s £17bn market [...]
Goldman Sachs shares sell-off was overdone April 18, 2010 UK AND EUROPEAN stock markets are expected to recover some of Friday’s Goldman Sachs-inspired losses on the open this morning. Whilst the markets are still digesting the implications of the SEC fraud charges, our call is that Friday’s knee-jerk sell-off was overdone – exagerrated by profit-taking following a winning streak for the Dow of six [...]
SPREAD BET GURU April 18, 2010 MARKET STRATEGIST josh@cityindex.com Q. Dear Josh, JP Morgan’s earnings were very good, what will this mean for the other banks? A. I take a balanced view on this. That JP Morgan announced much better earnings than the market had first anticipated, a 57 per cent rise in profits, is a good sign for the bank [...]
To understand the future of law, look back April 6, 2010 LAW firms are currently experiencing change like never before. In the last two years, many firms have seen their revenues and profits decline for the first time in over a decade. They’ve had to let go many talented lawyers, both at partner level and below. Clients who used to accept above-inflation fee increases each year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 23, 2010 FINANCIAL TIMES POKER PROVES TOUGH GAMBLE FOR 888 888 Holdings took a near 30 per cent hit on poker revenues last year, but the online gambling operator said it was confident of tapping into its well of social players and predicted a return to poker growth in the second half of 2010. Poker was the [...]