Chrysler will struggle to turn a profit this year, Marchionne says

first_img KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share CHRYSLER chief executive Sergio Marchionne said yesterday it would be “difficult” for the automaker to turn a net profit for the full year 2010.Marchionne did not offer guidance for Chrysler’s financial performance for either the third or fourth quarter of the year.The third-largest US automaker, which emerged from a US government-supported bankruptcy in June 2009 under the management control of Italy’s Fiat, narrowed its net loss to $172m (£110.1m) in the second quarter, from a $197m net loss in the first quarter.Marchionne said that Chrysler’s plans to ask existing Chrysler dealerships to add to their showrooms to show Fiat autos is well ahead of plan. The automaker has far more than the company target of 200 dealers to take on selling Fiats.On the company’s performance in general, Marchionne said he was “satisfied” and that the company was “well ahead of plan” for its turnaround after the bankruptcy.General Motors, which also underwent a government-sponsored bankruptcy, has filed papers for an initial public offering of its stock. Chrysler is expected to watch the GM initial public offering (IPO) closely. Monday 23 August 2010 8:24 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Heraldcenter_img whatsapp Tags: NULL Chrysler will struggle to turn a profit this year, Marchionne says Show Comments ▼ last_img read more

Dell hands 3Par to HP?as walks out of bidding war

first_img whatsapp Thursday 2 September 2010 8:42 pm whatsapp KCS-content Dell hands 3Par to HP?as walks out of bidding war Show Comments ▼center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald DELL said yesterday it won’t match HP’s offer to pay $33 per share for 3Par, or about $2.07bn (£1.3bn) yesterday. Dell’s decision came barely an hour after 3Par announced it had received Dell’s revised offer of $32 per share and then the even stronger bid from HP.3Par said Dell’s revised offer contained new terms that it found unacceptable, including a multiyear reseller agreement with Dell that would remain in effect even if 3Par were to be bought by another company. The board of 3Par approved HP’s offer, which is 83 per cent above Dell’s first offer and more than three times what 3Par stock was trading at then. The deal is expected to close by the end of the year. “We took a measured approach throughout the process and have decided to end these discussions,” said Dave Johnson, Dell’s senior vice president for corporate strategy.Shares of 3Par increased 80 cents, or 2.5 per cent, to close yesterday at $32.88. Before Dell conceded, 3Par shares were trading as high as $33.84 as investors expected Dell to match or beat HP’s $33-per-share offer. last_img read more

France strikes cause chaos

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp Show Comments ▼ whatsapp FRANCE was this morning coming to terms with a sixth day of strikes over President Sarkozy’s plans to raise the retirement age.The nation ground to a halt as train drivers, teachers, hospital staff and utility workers joined the mass protest against Sarkozy’s austerity measures.Fuel pumps were already running dry after week-long strikes at refineries and less than half of scheduled airline flights will be running today. Flights still arriving into France have been warned to carry enough fuel for a return journey. Truck drivers slowed traffic through the city centre and strikers staged sit-down protests on train lines.Despite overwhelming public support, the walkout appears to have fallen on deaf ears, with the government refusing to back down and the senate expected to pass the bill tomorrow. Sharecenter_img France strikes cause chaos Monday 18 October 2010 8:46 pm KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

Hands says he was betrayed over EMI

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Hands says he was betrayed over EMI whatsapp whatsapp GUY Hands, the head of private equity firm Terra Firma, accused senior Citigroup banker David Wormsley of betraying him over the sale of EMI, as he gave evidence in a New York court yesterday. Hands told the court he would never have bid for the record label if he had known all other interested bidders had pulled out. He alleged Wormsley misled him into believing another bidder, private equity group Cerberus, had submitted a 262p per share bid, leading him to up Terra Firma’s offer to 265p per share. “I knew him well. I trusted him. I considered him my closest business colleague,” Hands said of Wormsley. Terra Firma paid £4bn for EMI in 2007. It has since struggled financially and nearly defaulted on debts. Tuesday 19 October 2010 8:22 pm Share Show Comments ▼ KCS-content Tags: NULLlast_img read more

British economy has come a long way

first_imgMonday 29 November 2010 9:01 pm British economy has come a long way IT is amazing how narrow our escape from disaster has been. Yesterday, on a day when the markets continued to worry about the Eurozone, the Office for Budget Responsibility’s long awaited forecasts were reassuringly benign. Unexciting, sure, and an exercise in sophisticated guesswork, evidently, but that was exactly what the doctor ordered. A year ago, it looked as if we would be the ones begging the IMF for money; no longer.There are, of course, real similarities between the UK and those parts of the Eurozone that are in crisis: UK?house prices will fall 3.1 per cent next year; the public sector will shed hundreds of thousands of jobs over the next few years (albeit fewer than previously expected); consumer spending will grow by less than GDP; and the budget deficit remains extremely large. But the big difference is that the UK appears on course to resolve its budget deficit and has very little chance of suffering another recession, thanks in the most part to the coalition’s policy of austerity. It is good news that the commentariat has moved away from its irrationally ultra-pessimistic phase of just a few weeks ago. At the time, most journalists (albeit not at City A.M.) were inserting the world “double-dip” in everything they wrote and the Labour Party was openly predicting the end of civilisation as a result of the coalition’s cuts. Since then, sanity has returned, partly because it is obvious that modest growth and job-creation has returned, partly because the Labour party has nothing to win from endlessly crying wolf and partly because the crisis all around us is unarguable proof that belt-tightening is not optional when budget deficits are out of control.The growth and borrowing numbers from the OBR are highly plausible. They may turn out to be a bit too high – or a bit too low – but they are a perfectly sensible guesstimate. GDP growth this year has been revised from 1.2 per cent to 1.8 per cent; having already created several hundred thousand jobs this year, the private sector is forecast to add a total of 1.5m by 2015, offsetting the 330,000 or so to be lost in the state sector. It has done the OBR’s credibility as an independent force (if not as an accurate forecaster) a world of good to have so badly under-estimated growth for this year. The big story of 2010 is how well the UK has done and how it has outperformed what many were predicting.Growth for next year is now seen at 2.1 per cent; for 2012, it is expected to come in at 2.6 per cent. All highly reasonable figures. The OBR’s verdict remains that the cyclically adjusted current budget will be in surplus in 2014-15, a year ahead of schedule. The forecast may be right – or it may turn out to spectacularly wrong in the event of a catastrophe abroad. But the fact that a relatively benign set of predictions from the UK’s new official forecaster haven’t been laughed out of town shows just how far the British economy has come over the past year. WE NEED YOUR HELPCity A.M.’s annual readership survey is upon us again. This is a vital way for us to find out what you, our readers, really want so that we can improve your paper further. So please help us. Everybody who fills in the survey will be entered into a draw to win a trip for two to a Sandals luxury resort in St Lucia – and there will also be Bollinger to be won. Please turn to p9 and www.cityamsurvey.com – many, many thanks. [email protected] whatsapp Share Tags: NULLcenter_img KCS-content Show Comments ▼ whatsapp last_img read more

Official: CDS didn’t cause Greek tragedy

first_img AN EU investigation revealed yesterday that trading in sovereign credit default swaps did not cause a spike in borrowing costs for states such as Greece this year.The report, commissioned by EU finance ministers in March, found “no conclusive evidence” that developments in the CDS market affected the cost of state borrowing.It praised the “efficiency of CDS markets in sovereign debt” and said they had little influence on bond yields even where governments faced funding difficulties.“CDS spreads for the more troubled countries seem to be low relative to the corresponding bond yield spreads, which implies that CDS spreads can hardly be considered to cause high bond yields for these countries,” the report said.It follows tough new European Commission proposals published in September that aim to tighten rules on short selling and restrict trading of CDS on sovereign debt, where investors effectively take a short position on EU government bonds.But a UK member of the European Parliament, Syed Kamall, lashed out at the draft legislation.“The paper says that restrictions on credit default swaps of sovereign bonds is bad policy. Yet this is exactly what the Commission regulation is pushing for,” he said.The Conservative MEP, said a crackdown on sovereign CDS could push up yields on government borrowing.“With rapidly rising bond yields in Ireland, Portugal, Spain and Italy, we certainly should not be adopting policies that could make these yields rise further,” he said.The report concluded that CDS trading even helped lower the cost of funding sovereign deficits, as by insuring the debt they enabled institutional investors to take on more and kept yields for troubled countries “lower than otherwise would be possible,” it said. KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULL whatsapp Tuesday 7 December 2010 9:04 pmcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Official: CDS didn’t cause Greek tragedy Show Comments ▼last_img read more

Inflation now a real problem for UK

first_img KCS-content Inflation now a real problem for UK whatsapp Tags: NULL IN the long-term, we are all dead – or so claimed John Maynard Keynes. True, of course, but only in a meaningless kind of way, as yesterday’s dangerously high UK inflation figures demonstrate. For ages now, the Bank of England has been justifying its failure to meet its inflation target in the short-term by repeatedly pointing to the fact that its forecasts suggest all would be well in the medium-term. At first, most commentators were satisfied by this. No longer.The trouble is that a succession of short-terms must eventually become the medium term (and eventually the long-term, the point the congenitally short-termist Keynes failed to grasp). That time is surely now. Every month for the past 12 months, inflation has been above the government’s two per cent inflation target – and every time the message has been not to worry, the overshoot is just due to temporary factors and powerful disinflationary forces mean all will be well. Yet over the past 37 months, CPI inflation has been below target only six times (all between June and November 2009) and above 31 times. It’s a poor record, especially ahead of the Vat rise next month which will put further upwards pressure on prices. Inflation on the Consumer Prices Index (CPI) hit 3.3 per cent last month, up from 3.2 per cent in October, the highest level for six months. The retail price index was up 4.7 per cent year-on-year in November, from 4.5 per cent in October. Great news if you have a mortgage or credit card debt, as its real value drops and you are effectively allowed to default on part of your debt; terrible if you rely on a fixed income. To maintain the purchasing power of their savings, a basic rate tax payer needs to find a savings account paying 4.13 per cent per annum, while a higher rate tax payer at 40 per cent needs to find an account paying 5.5 per cent, Moneyfacts calculates. The figures need to be even higher if one wants to protect against RPI inflation or for those on the 50p tax rate. There are very few instant access bank accounts that provide such protection, which means that people are wasting their time holding on to cash. It is sometimes claimed that high inflation is the only way Britain’s massive debt burden, private as well as public, will be eroded in real terms. Others argue it is the only way to tackle the UK’s high labour costs – output per worker fell during the crisis, while wages rose slightly. But this assumes nobody reacts to higher prices – yet UK gilt yields are starting to rise again as investors protect themselves against the ever shrinking pound. Higher inflation will also push up mortgage rates and all interest rates charged to firms and individuals. The more people think inflation will rise, the more they put up their prices and wages in anticipation, and the more inflation actually rises, triggering a self-fulfilling loop. Once an inflationary spiral kicks off, only vicious hikes in interest rates can stop it. Higher inflation brings with it significant other costs. Real incomes are falling, which means that there is less money left to spend; inflation is a hidden tax. It is all good and well to try and boost the money supply, as the Bank has done, but the benefits of this are eliminated with excessively high levels of inflation. We need higher interest rates and absolutely no more QE – and a strong message of intent from the Bank. Time is running out for the authorities to show that they truly care about keeping inflation [email protected] Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem whatsapp Tuesday 14 December 2010 9:40 pmlast_img read more

S&P in warning to Belgium on deficit

first_imgTuesday 14 December 2010 9:30 pm whatsapp Tags: NULL whatsapp S&P in warning to Belgium on deficit Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem RATINGS agency Standard & Poor’s (S&P) warned Belgium yesterday it faced being downgraded if it failed to form a government within the next six months lowering its outlook to negative from stable. The warning came a day after the International Monetary Fund (IMF) told Belgium it needed to produce a strong deficit reduction plan soon. The warning from S&P is likely to fuel market speculation that Belgium could follow Greece and Ireland in needing an international bailout. The country has the third highest debt to GDP ratio in the European Union and has been without a government for six months following elections in June. The elections gave victory to the separatist N-VA party but it has been unable to create a working coalition.The political paralysis has led financial markets to demand a higher risk premium to hold Belgian debt, with the spread on Belgian 10-year government bonds over benchmark German bunds widening 10 basis points to 110 points on S&P’s warning yesterday. Show Comments ▼ Sharelast_img read more

Ocado sales increase but jury still out

first_img Ocado sales increase but jury still out ONLINE grocer Ocado yesterday reported a 27 per cent sales rise in the four weeks to Christmas – but some analysts still questioned the company’s progress following a troubled float. The firm posted gross sales of £50.9m for the period, helped by more customers shopping online instead of going to supermarkets in freezing weather conditions.Ocado was forced to slash the price for its initial public offering (IPO) in July to 180p – down from initial hopes of 200p and 275p – after retail analysts and fund managers claimed the business had been overvalued.The share price hit a low of 120p in October before bouncing back to 184p. It closed at 181p yesterday. Chief executive Tim Steiner said yesterday: “We are delighted to see the continued growth in demand for Ocado. A record number of customers shopped with us in this period.” In a statement the company added “Ocado has done exactly what it said it would do at the time of the flotation” and added that the group was in line with market expectations for full-year earnings. Ocado, which sells Waitrose groceries through its website, is due to report preliminary full year results on 1 February.ANALYST VIEWS: IS OCADO ON TRACK TO DELIVER FOR INVESTORS? CLIVE BLACK | SHORE CAPITALWe had felt that Ocado may have had a stronger order flow through the inclement weather, albeit with some disruption costs. The overall Ocado performance is broadly in-line with our expectations but the investment case does not change in our minds. Sell.PHILIP DORGAN | ALTIUM SECURITIESThe trouble is that Ocado has no earnings, or cash generation and its asset value post equity raise is just 30p per share. Also, it is definitely not Facebook. We believe that this is a fair starting point for valuation. We are therefore maintaining our Sell recommendation.NICK BUBB | ARDENThe sales figures today will be picked over by the bears, but they look pretty good to us, albeit the final results are not far away now (on 1 February). That is probably a more important share price catalyst. KCS-content whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Monday 10 January 2011 8:44 pm Show Comments ▼ Share Tags: NULLlast_img read more

Computacenter in boost for full year

first_img IT firm Computacenter – which provides services for supermarket giant Morrisons – said full-year profit would be at the top end of market expectations. The continued growth in IT services and its customers resuming spending on new equipment has helped to fuel the improving figures.The company, which also counts Lloyds Banking Group as a customer, said it was benefiting from cost cuts made in 2009, when the business slashed spending on new technology in response to the economic downturn.Chief executive Mike Norris said: “Customers are refreshing, upgrading, improving and investing in their IT infrastructures and we are well placed to meet these needs.”“In 2010 we have seen strong product revenue recovery and we anticipate that product revenue will grow steadily in 2011, subject to the overall economic environment.”The group said revenue for IT services grew six per cent, while product sales grew by 13 per cent excluding the disposal of its trade distribution arm at the end of 2009.Analysts expect the group to post a 29 per cent rise in pre-tax profit to £62.6m with a range of £61 to £66.3m. Last year the company landed a lucrative contract to move all staff at international law firm Eversheds onto iPads. The company, which is based in Hatfield, Hertfordshire, has also seen revenue rises in France and Germany as it expands its international operations. Computacenter in boost for full year by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share KCS-content Tuesday 11 January 2011 7:53 pmcenter_img Tags: NULL whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Show Comments ▼last_img read more