Imagination and ARM ride on Apple’s coat tails July 20, 2011 ARM Holdings surged almost six per cent yesterday, riding on the coat tails of Apple’s bumper results on Tuesday night. The UK chip designer creates chips for Apple’s blockbuster iPad and iPhone products. It is expected to feature a powerful new chip in the upcoming iPhone 5. Imagination Technologies, which also designs chips for Cupertino-based [...]
Hamlet has a brand new Sheen November 10, 2011 Theatre HAMLET YOUNG VIC No play can bore or tire the viewer more if produced unoriginally or acted weakly, and none can engage, emote nor enthral more if done well, than Hamlet. This Hamlet, starring Michael Sheen and directed by Ian Rickson (director of smash hit Jerusalem, playing across town), is the enthralling kind. Every [...]
ARM warns of a light Christmas July 26, 2011 ARM Holdings, the Cambridge-based maker of chips that power the Apple iPhone and other smartphones, has reported a 25 per cent profit rise this quarter, but warned it is not counting on a Christmas sales boom. The firm’s technology, used by firms such as Samsung, Qualcomm and Texas Instruments, helped lift pre-tax profit to £54.2m, [...]
Seeing Machines jumps 25pc July 18, 2011 UK tech firm Seeing Machines saw its shares rocket 25 per cent yesterday after Toshiba said it would use its facial recognition technology in its new 3D laptop. Japanese tech giant Toshiba is leading the way in glasses-free 3D laptops, which track users’ eyes to calibrate its display. Seeing Machines will receive a royalty for [...]
Vedanta trims $600m off deal for Cairn India stake June 27, 2011 MINER Vedanta altered the terms of its deal to buy Cairn’s Indian assets yesterday, cutting the total value of the long-delayed deal by $600m (£376m) to just over $6bn. Cairn and Vedanta also agreed to complete the deal for 40 per cent of Cairn India in two tranches, with an initial 10 per cent being [...]
Vedanta trims $600m off deal for Cairn India stake June 27, 2011 MINER Vedanta altered the terms of its deal to buy Cairn’s Indian assets yesterday, cutting the total value of the long-delayed deal by $600m (£376m) to just over $6bn. Cairn and Vedanta also agreed to complete the deal for 40 per cent of Cairn India in two tranches, with an initial 10 per cent being [...]
When waves reach as high as boats, retiring starts to make sense August 11, 2011 Olympic champion shares Cowes Week diary with City A.M. THE nerve centre of Aberdeen Asset Management Cowes Week was my destination yesterday, specifically the Platform of the Royal Yacht Squadron, which was clearly the place to hang out. The race officers set the day’s courses from here and, with 34 different starts, there is great [...]
BEST OF THE BROKERS July 13, 2011 ESSAR ENERGY Goldman Sachs rates Essar a buy with a £5.75 target price after disappointing second-quarter results. Its earnings were hit by underperforming units – but Goldman thinks these will recover after an overhaul in September, and is focusing on its refinery upgrades, due for completion at the end of the year, which it believes [...]
BEST OF THE BROKERS July 13, 2011 ESSAR ENERGY Goldman Sachs rates Essar a buy with a £5.75 target price after disappointing second-quarter results. Its earnings were hit by underperforming units – but Goldman thinks these will recover after an overhaul in September, and is focusing on its refinery upgrades, due for completion at the end of the year, which it believes [...]
ARM boss Warren East plans to take over the world – one chip at a time October 25, 2011 Afew years ago a friend of mine tipped a little-known chip designer called ARM Holdings. He said it was going to be the next big thing. A year later, after its shares had shot up, he cursed his luck for not taking his own advice. But he prudently decided not to invest while it was [...]