Today's letter from the Editor
Negotiable: Tradewind Recruitment: My client is an excellent, large partially ...
£90 - £140 per day: Tradewind Recruitment: I am currently working in partnersh...
£100 - £150 per day: Tradewind Recruitment: Year 3 Teacher Birmingham Jan 2015...
£45000 - £50000 per annum + Excellent benefits: Ashdown Group: Lead Web Develo...
The Business Matrix: Monday 25 February 2013
ITV watches ad spending rise
Square-eyed analysts have been licking their lips over the ITV full-year results on Wednesday. There was rehashed bid speculation earlier this month but the main reason investors have been piling into the shares is talk that ad spend is up. Analysts expect pre-tax profits at around £460m.
Apple drops its vote tactic
Apple has dropped a planned vote of shareholders. A judge backed a lawsuit by activist shareholder David Einhorn, who wants Apple to return more cash to shareholders. Following a preliminary ruling in New York, Apple dropped plans to ask shareholders whether to abolish a contractual right that the company enjoys to issue preference shares without limit.
£645m recovered from lost accounts
Up to £645m of cash sitting in forgotten bank accounts has been returned to its owners over the past five years through a free tracing service run by the financial industry. About 315,000 people have used My Lost Account since the scheme was launched in 2008, its operators said. About 580,000 search applications had been made, they added.
Housing market signals awaited
The housebuilders Persimmon and Bovis Homes report today and the results will give investors an idea of how house prices and property values are holding up. The outlook for the housing market is good – a recent Rightmove survey showed that house prices were nearing a pre-crisis high.
Hot competition for Whitbread
The coffee shops and hotels operator Whitbread makes a trading statement tomorrow. Morgan Stanley's Jamie Rollo said it "remains a high-quality investment", but he is worried about growth, as the "competition intensifies" with more rivals in the budget market. He rates the stock a hold.
Google+ woos online advertisers
Google is promising businesses greater returns on advertising if they sign up to its social network, in a fresh attempt to take on rivals Facebook and Twitter. The search giant has been emailing advertisers boasting that businesses with Google+ pages see a 5 to 10 per cent rise in click-throughs when linked with its AdWord campaigns.
Covent Garden growth expected
The property company Capital & Counties, owner of Covent Garden and Earls Court, has been boosted by its focus on central London, and Numis's Chris Spearing expects the value of its Covent Garden assets to have grown by around 7 per cent when it reports on Thursday.
John Lewis eyes House of Fraser
John Lewis held talks with department store rival House of Fraser about buying it last year but did not proceed. The revelation comes amid rumours that other retailers have looked at buying some or all of the 63 stores. Debenhams is understood to think that a quarter of the stores would be attractive.
Mail on Sunday
Vodafone may bid for Spain's Yoigo
Vodafone is preparing a takeover bid for a small Spanish mobile operator, Yoigo, to bolster its flagging fortunes on the Iberian peninsula. Yoigo was put up for sale last year by the Nordic provider TeliaSonera, but bids fell short of its €1bn (£870m) target. Yoigo has 3.5 million subscribers and could sell for between €750m and €1.25m.
We do our bit for Britain – Centrica
Energy firm Centrica is to reveal that it contributes more than £14bn to the British economy in taxes, job creation and contracts with suppliers. The boast will appear in an economic impact report by Oxford Economics. Centrica hopes it will head off criticism of the size of its profits, due out this week.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London