Blockbusters rake in cash for cinemas July 24, 2013 A SERIES of blockbuster films saw Brits spending nearly a third more in cinemas during May and June, compared to the same months last year. Movies such as Man of Steel, The Great Gatsby, World War Z and Despicable Me 2 resulted in 31 per cent more being spent in cinemas over the two months, [...]
Double demand for 4G may push EE towards float July 24, 2013 SMARTPHONE demand boosted the results of Britain’s largest mobile operator EE in the first six months of the year, increasing the likelihood that it could be floated later in 2013. EE yesterday posted a 9.1 per cent increase in earnings before interest, tax, depreciation and amortisation (Ebitda) to £734m for the six months to June, [...]
Bullish ARM beats forecasts as quarter two profits rise 30pc July 24, 2013 BRITISH chip designer ARM Holdings yesterday said it expected continued strong demand for its technology after higher-than-expected licensing of its processors in the second quarter. The FTSE 100-listed firm reported a 30 per cent rise in pre-tax profit to £86.6m yesterday, beating forecasts. ARM has outpaced the wider semiconductor market for the past five years [...]
Hit to Motorola Solutions sales July 24, 2013 MOTOROLA Solutions, known for its walkie-talkies, yesterday cut its 2013 sales forecast for the second time in three months and said business customers continued to delay purchases. Shares of the company, which depends on government spending for most of its revenue, closed down 6.57 per cent in New York. Motorola spun off its cellphone arm [...]
Revenues up for Talk Talk July 24, 2013 TELECOMS operator Talk Talk yesterday posted its second successive quarter of revenue growth, attracting 160,000 TV customers and 27,000 mobile customers during the period. Its broadband customer base rose by 8,000, while fibre customers grew by 22,000, boosting total revenues by 1.7 per cent to £421m. “We reiterate our full year financial guidance and remain [...]
Love blossoms in Antigua for City A.M. winner July 24, 2013 REGULAR readers of this page will remember that lucky Clifford Chance associate Lukas Hirst won a City A.M. prize draw earlier this year, and bagged a luxury holiday for two in Antigua. The only problem was that our lovely lawyer was single – and the romantic resort was aimed at loved-up couples. Not missing an [...]
Carney puts Austen on banknote but Osborne has the final pun July 24, 2013 BANK of England governor Mark Carney finally unveiled the “concept” for the new £10 note yesterday, which will feature author Jane Austen. “[As] Austen joins Adam Smith, Boulton and Watt, and in future, Churchill, our notes will celebrate a diverse range of individuals who have contributed in a wide range of fields,” said Carney. The [...]
Petrofac co-founder Maroun Semaan retires after 22 years July 24, 2013 PETROFAC’S president, executive director and co-founder Maroun Semaan has decided to retire after 22 years with the oil and gas service provider. Semaan joined the group in 1991 and joined the board in 2002. He played a key role in the group’s listing as a public company back in 2005 and held a number of [...]
APR full-year outlook on track July 24, 2013 Temporary power provider APR Energy yesterday unveiled revenues of $87.2m (£57m) in the first half of the year, in line with expectations. The company also said it had secured a $150m term loan expansion of its credit facilities from $400m to $550m, arranged by a consortium of banks. Full-year outlook remains unchanged and the firm [...]
Ofwat appoints new chief exec July 24, 2013 Water regulator Ofwat has appointed Cathryn Ross as its new chief executive. Ross is currently executive director of markets and economics at the Office of Rail Regulation and is expected to take up her new role on 14 October. She returns to Ofwat after three years, having served as director of markets and economics between [...]
