Profile | Trader with a taste for Fela and royalty September 16, 2011 KWEKU Adoboli, the 31-year-old trader at the centre of a $2bn storm yesterday, is “a typical trader type, like a lot of these guys”, coming across as self-confident and calm under pressure, according to one professional contact who spoke to him recently. He is also hard-working. “He was pretty committed to his job at UBS… [...]
BEST of the BROKERS May 24, 2012 ARM HOLDINGS Morgan Stanley rates the semi-conducter and software design company as “overweight” with a target price of 690p. The broker thinks ARM can deliver on its ambitious long-term targets, and forecasts royalty revenue growth of seven per cent above and beyond the sector. Morgan Stanley thinks ARM could reach a market share of up [...]
BTG back into the black thanks to supply rights for new drugs May 21, 2012 BRITAIN’S BTG swung to a pre-tax profit for the year to end-March, helped by its move to direct sales of its specialist anti-poison drugs, and said it had acquired the European named-patients supply rights for another antidote, uridine triacetate. The speciality pharmaceutical company, which already has the US supply rights for the medicine to treat [...]
Aggreko wins a $250m power supply contract in South Africa June 6, 2012 BRITAIN’S Aggreko and its local joint-venture partner Shanduka Group will supply 107 megawatts of gas-fired power to Mozambique and South Africa, in a deal worth an estimated $250m (£161.5m). Countries in southern Africa have been struggling to meet fast-rising demand for power, with the next two years seen as particularly tight until new power plants [...]
UK’s CSR in £200m Samsung deal July 17, 2012 BRITISH microchip firm CSR has sold its mobile phone technology division to South Korean electronics giant Samsung for $310m (£198.2m). The Cambridge-based company said its Bluetooth, WiFi and GPS location technology – which features in Samsung’s Galaxy smartphones, as well as Apple’s iPhone and iPad – is cutting edge. But the firm decided to sell because it was [...]
A right royal coronation for the next generation of Pearly kings April 15, 2012 DESCENDANTS of one of the original families to adopt the tradition will be among those crowned as Pearly kings and queens next month. The new royalty of the City of London, the City of Westminster and the London boroughs will be crowned at the Carpenters Arms, a classic East End pub, on 6 May. The [...]
A right royal coronation for the next generation of Pearly kings April 15, 2012 DESCENDANTS of one of the original families to adopt the tradition will be among those crowned as Pearly kings and queens next month. The new royalty of the City of London, the City of Westminster and the London boroughs will be crowned at the Carpenters Arms, a classic East End pub, on 6 May. The [...]
Arm receives first quarter lift from licences April 24, 2012 ARM, the British company whose technology powers Apple’s iPad, met market expectations with a 22 per cent rise in first-quarter profit, helped by growth in chip-makers licensing its energy efficient designs. The company reported adjusted pretax profit of £61.9m on revenue 14 per cent higher at 132.5 million pounds, both in line with forecasts. Cambridge-based [...]
Research in Motion shares tank as Dutch firm sues over patents April 3, 2012 A DUTCH semiconductor company said yesterday it had filed a patent infringement suit against Research In Motion, adding to the BlackBerry maker’s troubles and sending its shares tumbling almost ten per cent. An affiliate of NXP Semiconductors alleges that versions of RIM’s BlackBerry phone and PlayBook tablet infringed on patents issued to it between 1997 [...]
Research in Motion shares tank as Dutch firm sues over patents April 3, 2012 A DUTCH semiconductor company said yesterday it had filed a patent infringement suit against Research In Motion, adding to the BlackBerry maker’s troubles and sending its shares tumbling almost ten per cent. An affiliate of NXP Semiconductors alleges that versions of RIM’s BlackBerry phone and PlayBook tablet infringed on patents issued to it between 1997 [...]