News archive from 26 September 2013

Exclusive - Nokia weighs Alcatel tie-up after Microsoft deal - sources

No formal talks are underway with Alcatel-Lucent, the sources said. One of the people close to the matter said Nokia held "on again, off again" discussions about buying Alcatel's wireless business as recently as late 2012 and that the two...

Reuters, 00:08 in Business
 
In-game app fees face OFT consumer protection crackdown

In-game app fees face OFT consumer protection crackdown

A UK watchdog has threatened action against video game app-makers it finds to be in breach of consumer protection laws. The Office of Fair Trading (OFT) is concerned about in-game charges, saying it had seen evidence of "potentially unfair and...

BBC, 00:08 in Business
 
UK government mauled over its rural broadband rollout

UK government mauled over its rural broadband rollout

The way rural broadband has been rolled out in the UK has been criticised in a damning report from the Commons Public Accounts committee (PAC). The committee of MPs accused the government of failing to ensure proper competition by awarding all 26...

BBC, 00:08 in Business
 

More than half of shares listed in London are in foreign hands, official figures show

More than half of the £1.75trillion UK stock market is now owned by foreign investors, official figures revealed yesterday. An Office for National Statistics report revealed overseas investors hold 53.2 per cent of the value of shares listed in London...

 

ALEX BRUMMER: Ed Miliband's guidance will have an opposite effect and lift prices

There is much wrong with Britain's energy industry, not least the veto power that French state-owned EDF has over new nuclear. But there can be few more moronic policy pronouncements than Ed Miliband's promised price freeze on energy bills. Everyone...

 

JP Morgan faces £7bn bill to settle US mortgage claims

Wall Street banking giant JP Morgan is understood to be close to a £7billion settlement to resolve claims it misled investors in mortgage-backed securities in the run-up to the recession. US government officials said the Department of Justice was...

 

Fund management guru Neil Woodford slams Labour's energy prices policy as shares in Centrica and SSE plunge

A million small investors were yesterday hit by a plunge in Centrica and SSE shares on the back of fears over Labour plans to cap energy prices after the next election. Centrica shares fell 5 per cent to finish 21.1p lower at 375.6p - wiping...

 

DMGT on track to hit forecasts despite a difficult comparison with last summer

Publisher DMGT said it was on course to meet full-year profit forecasts despite a difficult comparison with last summer, when advertising was boosted by the Olympics. Overall group revenue was up 2 per cent for the 11 months to the end of August, as...

 

'Chairing a UK company today is much more demanding than it used to be': Gerald Corbett - the chairman they...

Gerald Corbett resigned as chief executive of Railtrack well over a decade ago, but despite chairing a clutch of household name firms, he is still probably best known for his troubled time at the last and least popular of the privatisations. Having...

 

MARKET REPORT: Costa Cruises owner Carnival adrift as profits slump

The financial outlook for cruise ship operator Carnival has sent investors searching for life rafts. It was the biggest faller in the FTSE 100 for the second session in a row as analysts continued to react to its third-quarter figures earlier in the...

 

Western envoys tout deal on core of U.N. Syria draft; Russia denies

The development came after the foreign ministers of the five permanent members of the council met over lunch with U.N. Secretary General Ban Ki-moon earlier in the day, the diplomats said, speaking on condition of anonymity. The three diplomats said a...

 

Fairfax's Watsa confident BlackBerry bid will succeed

"We wouldn't put our name to such a high-profile deal if we didn't feel confident that at the end of the day that our due diligence would be fine and we'd be able to finance it," Watsa said in an interview. The Canadian-led consortium put in...

Reuters, 00:19 in Business
 
Six killed in Sudan clashes after fuel subsidies cut

Six killed in Sudan clashes after fuel subsidies cut

Protesters torched cars and petrol stations and threw rocks at police, who fired tear gas to try to disperse the biggest display of public anger against President Omar Hassan al-Bashir's government in more than a year. Internet access was cut off...

 

Shackles drop off fundraising for startups. Should we worry?

O'Rourke is among the first to take advantage of the lifting of a years-long ban, mandated by the 1933 Securities Act, on using advertising to find investors in private companies. Intended originally to prevent opportunists from targeting the...

 

Is your statin affecting your memory? Study finds some commonly prescribed brands can impair brain function

12 View comments Some commonly prescribed statins can impair memory, scientists have found. Between six and seven million people in the UK take the medicines every day to lower "bad cholesterol' in the blood. But after starting the treatment,...

Daily Mail, 00:37 in Health
 


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