Chip producer ARM boosted by results February 1, 2011 SHARES in British chip manufacturer ARM Holdings, the firm behind Apple’s iPad, rose following a 72 per cent increase in full-year profits, despite warnings of a dot com bubble from analysts. Profits for the FTSE 100 chipmaker rose to £167.4m before tax in the year to 31 December, up from £96.8m the year before. Revenues [...]
Chip producer ARM boosted by results February 1, 2011 SHARES in British chip manufacturer ARM Holdings, the firm behind Apple’s iPad, rose following a 72 per cent increase in full-year profits, despite warnings of a dot com bubble from analysts. Profits for the FTSE 100 chipmaker rose to £167.4m before tax in the year to 31 December, up from £96.8m the year before. Revenues [...]
Miners agree rise in royalty payout… June 21, 2010 RIO Tinto and BHP Billiton hiked their royalty payments to the Western Australian government yesterday, in an important step towards merging their operations in the region. The companies have agreed to pay 5.625 per cent of sales revenue in royalties, up from 3.75 per cent, starting on 1 July. The companies will also make a [...]
Miners agree rise in royalty payout… June 21, 2010 RIO Tinto and BHP Billiton hiked their royalty payments to the Western Australian government yesterday, in an important step towards merging their operations in the region. The companies have agreed to pay 5.625 per cent of sales revenue in royalties, up from 3.75 per cent, starting on 1 July. The companies will also make a [...]
Taking the big ideas to infinity and beyond April 27, 2011 VOTING systems, Socrates, gravity, time, sex. What do these have in common? Physics, of course. More specifically, certain ideas about science, humanity and progress flowing from the mega-brain of David Deutsch, the Oxford physicist who pioneered the field of quantum computing, and wrote the 1997 cult favourite, The Fabric of Reality. Certainly, without a deep [...]
BEST OF THE BROKERS February 2, 2011 NORTHUMBRIAN WATER JP Morgan Cazenove has upgraded the utility to “overweight” with a target price of 340p. The broker points out that the shares are the worst performing of the European utilities, but can find no fundamental reason for the underperformance. It adds that Northumbrian’s dividend cover remains strong at two times with a high [...]
BEST OF THE BROKERS February 2, 2011 NORTHUMBRIAN WATER JP Morgan Cazenove has upgraded the utility to “overweight” with a target price of 340p. The broker points out that the shares are the worst performing of the European utilities, but can find no fundamental reason for the underperformance. It adds that Northumbrian’s dividend cover remains strong at two times with a high [...]
EVEN THE GLAMOROUS NEED A GOOD AUDIT TRAIL February 6, 2011 WHAT, one might ask, do the Oscars have in common with the government’s ill-fated Project Merlin – other than a lot of sound and fury? “Big four” accountants might know, because the answer to this missing link puzzle is PricewaterhouseCoopers. As the government’s regular box-tickers, the firm has been recruited to act as a tight-lipped [...]
Football stars face a tax bill crackdown January 16, 2011 ENGLAND footballer Wayne Rooney is amongst Premier League stars under scrutiny from tax inspectors for avoiding thousands of pounds in tax. A crackdown on more than 50 players was sparked after HM Revenue & Customs found some stars had been using complex legal loopholes and accountants to legally avoid paying the 50 per cent top [...]
McDonald’s earnings fail to impress markets January 24, 2011 FAST food giant McDonald’s served “slightly disappointing” fourth-quarter earnings after weaker-than-expected December sales in the US and Europe because of poor weather. Investors and analysts were unimpressed despite the restaurant chain reporting profit in line with expectations. The outlook for the chain was also clouded by its warning that it expects food costs to be [...]