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October 19, 2007
by Stewart Douglas
Arsenal Football Club has again today been surrounded by talks of a takeover by a predatory Russian billionaire, as its board of directors moved to halt any prospective increase in the businessman's stake in the club.
Billionaire Alisher Usmanov has recently publicly announced he intends to increase his 23% stake in the company which runs Arsenal Football Club, which would see ...
by Stewart Douglas
Search engine and online media giant Google has today announced a substantial rise in profit figures for the third quarter, exceeding even the most ambitious of analyst forecasts for performance over the period.
The company today announced an increase in profits of 46% over the three months ending September, with net profits before tax of $1.07 billion from just $773 million a year ...
by Stewart Douglas
Sports retailer JJB has today announced its acquisition of a 10% stake in Umbro, the company responsible for the manufacture of football shirts and replica kits for nationwide sale, as well as general sports equipment in a move that will see it cement its foothold in the sale of England national team shirts.
Shares prices were up by around 28% off the back of ...
by Elaine Frei
Crude oil prices were lower on Friday as West Texas Intermediate crude for November delivery dropped 87 cents at the close of floor trade on the New York Mercantile Exchange to $88.60 per barrel, down from a new high of $90.07 per barrel which it reached two different times in the course of electronic trade overnight.
Nymex November gasoline futures were 2 cents ...
by Elaine Frei
In Tokyo on Friday the Nikkei 225 dropped 1.71 percent to 16,814.37 and the Topix index fell 1.64 percent to 1,591.28. On the other hand, the Mothers market added 2.06 percent on the session to 902.03. Banks, exporters and some domestically-focused stocks saw declines on the session, but the consumer finance sector saw gains on one ...
by Kay Murchie
Nike has made a takeover approach for Umbro and following the news, shares in Umbro rose 33p to 153p valuing the firm at £223 million.
Umbro, the England team’s kit supplier which is based in Macclesfield, Cheshire, did not name the prospective buyer but sources in the city were adamant that it was Nike, the sportswear giant who supplies shirts to Brazil and Manchester ...
by Kay Murchie
Michael Grade, ITV’s chief blamed a ‘cultural failure’ after investigators discovered that viewers were tricked into making premium rate calls to the amount of nearly £8 million.
Three prime-time programmes as having ‘serious editorial issues’ were Soapstar Superstar, Ant and Dec’s Saturday Night Takeaway, and Ant and Dec's Gameshow Marathon according to a review conducted by Deloitte.
ITV has put ...
by Kay Murchie
In order to reduce the carbon emissions it produces, BT is to fork out a quarter of a million pounds in building Britain’s largest private windfarm.
The company said it has applied for planning permission for test masts at Goonhilly Satellite Earth Station in Cornwall, Wideford Hill Radio Station in Orkney and Scousburgh Radio Station in Shetland. It anticipates obtaining 25% of ...
October 18, 2007
by Elaine Frei
Crude oil prices resumed their rise on Thursday amid continuing worries about the situation on the Turkey-Iraq border.
November contracts for West Texas Intermediate crude on the New York Mercantile Exchange closed at $89.47 per gallon, a gain of $2.07 on the session, after going as high as $89.56 per barrel earlier in the day for a new record, while Brent crude for ...
by Elaine Frei
Equities markets in Asia and the Pacific remained mixed once again on Thursday. The Sensex dropped 3.83 percent to 17,998.39 at the close. Foreign investors were mostly avoiding purchases until issues over proposed new transparency rules are resolved. Other decliners on the session included the Shanghai Composite, which was 3.5 percent lower to 5,825.28, and the Straits Times ...
by Stewart Douglas
Internet auction giant eBay has today announced it made a substantial loss on the third quarter, mainly as a result of its erroneous overvaluation of Voip provider Skype which it acquired some two years ago. The brand reponsible for the eBay auction platform has taken a charge of $900 million to reflect the over payment, which has led to ...
by Stewart Douglas
Around 1,250 jobs are to go at pharmaceutical giant Novartis from its US based operation as part of its restructuring of its pharmaceutical products division over the course of the next year, according to a statement made by the company today.
A spokesperson for the company today said that the impact of falling sales on its drug markets had led to a necessary ...
by Stewart Douglas
Leading brewers Heineken and Carlsberg have today announced they may be preparing to launch a joint bid to take over Scottish & Newcastle, the company behind Foster's and Newcastle Brown Ale, as they meet to thrash out the arrangements for a consortium bid.
Both Heineken and Carlsberg have said that at this stage there is no firm offer on the table, ...
by Kay Murchie
Nestlé, the Swiss food group, has today achieved analyst expectations announcing a 7.2% increase in 9-month underlying sales and confirmed its full-year outlook.
Peter Brabeck, the group’s chief executive, said he is confident that Nestlé will achieve underlying sales growth in 2007 of more than its long-term 5% to 6% target and a sustainable improvement in margins for 2007 overall.
Strong brands had ...
by Kay Murchie
European brewers Carlsberg and Heineken have put in a takeover bid for Scottish & Newcastle (S&N) but the group has rejected it saying the break-up bid is “unsolicited and unwelcome”. S&N has insisted that it is confident in its future as an independent group.
The European brewers have said informal talks have already taken place with Edinburgh-based S&N, Britain’s last remaining ...
October 17, 2007
by Stewart Douglas
Internet search giant Yahoo has today seen a significant rise beyond market expectations in its revenue over the third quarter of the year, despite falls in bottom line profit figures as a result of increased costs in its ongoing fight for market share in the search industry.
In its third quarter results to September the company reported an increase in revenues to ...
by Stewart Douglas
Coca Cola has today announced third quarter figures to a substantial rise on previous periods, citing strong demand in emerging Eastern markets for its increased level of performance in counteracting negative sales elsewhere.
The international brand recorded a 16% increase in profits before tax, up to $2.1 billion on a revenue increase to $7.7 billion, up some nineteen ...
by Stewart Douglas
Microprocessor manufacturer Intel has today announced substantial growth in their profits over the last quarter, predominantly as a result of an increase in demand for laptops worldwide.
The world's biggest microchip manufacturer has reported an increase of 43% in its takings beyond expenses, which it has put down to strong sales of laptop computers carrying its chips and increased efficiency within cross operation cost ...
by Elaine Frei
The rally in crude oil prices finally slowed on Wednesday as West Texas Intermediate crude for November delivery dropped 33 cents to $87.28 per barrel at the end of floor trade on the New York Mercantile Exchange and Brent crude dropped 51 cents to $83.04 per barrel on the Intercontinental Exchange in London.
Nymex gasoline for November delivery was 3 cents lower ...
by Elaine Frei
Markets in Europe were higher on the session. The FTSE Eurofirst 300 added 0.49 percent to 1,583.69. In Frankfurt the Dax gained 0.29 percent to 7,985.41, while the Paris CAC-40 was up 0.77 percent to 5,818.8 and the IBEX jumped 0.99 percent to 15,430.5 in Madrid. The semiconductors sector was higher, was were food processors. Utilities and the ...
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