Freesat boosts TV subscribers July 23, 2013 Freesat, the subscription free TV service, will anounce today that it added 145,000 new homes to its service last year. The rise, which follows 21 straight quarters of growth, means the service could soon outpace pay-TV rivals like Sky and Virgin Media, the company said.
A City celebrates the Royal birth July 23, 2013 AS THE world’s eyes were fixed on a hospital in Paddington yesterday, how did the City celebrate the birth of the new Royal baby? Insurance market Lloyd’s honoured tradition by ringing its historic Lutine Bell (right), while in Tower Bridge the Honourable Artillery Company fired off an impressive gun salute (below). But there was less baby hysteria [...]
Sage trading in line as it boosts cloud sales July 23, 2013 SOFTWARE company Sage said yesterday it was confident of meeting its financial goals after overcoming weak markets in Europe to trade in line with forecasts. The group, which supplies accountancy and business software to more than 6m small companies, said it had delivered a resilient performance in France and Spain despite the general weak market [...]
UPS fails to deliver profit growth July 23, 2013 American delivery company UPS posted a smaller quarterly profit yesterday as customers, especially on international routes, chose slower, cheaper shipping services. For the quarter, UPS earned $1.07bn (£697m), compared with $1.12bn a year before. Total revenue increased 1.2 per cent to $13.51bn. Export shipments rose five per cent, but because customers used cheaper delivery options, [...]
Monitise revenues almost double July 23, 2013 Mobile payment services provider Monitise yesterday said that its full-year revenues had almost doubled to £70m. “As well as the substantial revenue growth, numerous launches on a global basis, some very important new partnerships, the integration of three acquisitions and the raising of more than £100m, we have entered our new financial year with momentum [...]
Tullow Oil hits bottom of FTSE due to dry wells July 23, 2013 TULLOW Oil made the biggest losses on the FTSE 100 yesterday, plunging 6.6 per cent after reporting that wells in Mozambique and French Guiana would be plugged and abandoned after coming up dry. One of the energy explorer’s Mozambique wells discovered a gas-bearing reservoir, but this was deemed unlikely to be commercial on a standalone [...]
Brand Index: Co-op Bank still trailing its rivals after series of setbacks July 23, 2013 A MONTH ago I looked at the succession of crises suffered by the Co-operative Bank this year: the collapse of its deal to buy branches from Lloyds, a downgrade from Moody’s, and the controversy surrounding its bail-in. I promised that we would be watching closely to see how it played out over time, and so [...]
Lockheed Martin is going great guns in spite of US budget cuts July 23, 2013 LOCKHEED Martin, the Pentagon’s largest supplier, yesterday beat analysts’ forecasts with a 10 per cent rise in second-quarter earnings and lifted its full-year profit forecast. Lockheed, which builds F-35 fighter jets, Aegis missiles and new coastal warships, reported net earnings of $859m (£559.7m), up from $781m a year earlier. Earnings per share rose to $2.64 [...]
Croda profits rise in first half July 23, 2013 FTSE 100-listed chemicals firm Croda International yesterday posted a 6.3 per cent increase in pre-tax profits in its half-year results, up to £133.1m. Sales in the company’s key consumer care division edged up by 2.3 per cent but performance technologies sales fell by 0.7 per cent, impacted by continued weakness in the European automotive sector. [...]
Beazley warns on reinsurance July 23, 2013 THE TRADITIONAL reinsurance business will be permanently changed by the ongoing influx of new money, the boss of Lloyd’s insurer Beazley said yesterday. “Pension funds are investing in catastrophe bonds, a potential new form of reinsurance. It’s getter cheaper to invest so it’s not going away,” Andrew Horton said. He was speaking as Beazley unveiled a 28 [...]
