16 May 2013
The Top Penny Stocks newsletter for active penny stocks investors looking for penny stocks and pink sheet stocks
Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...
Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
Leading UK tax expert John Dixon warns companies that they can no longer ignore public unease about tax avoidance.
Visit link: Tax chief wants more transparency
ST. JOHN’S, NEWFOUNDLAND–(Marketwired – April 24, 2013) - Scout Exploration Inc. (OTCBB:SCXN) -
Sir Steven Rose among 500 business chiefs calling for ‘national drive to renegotiate the terms of UK membership of EU’
Five hundred British business leaders, including Ocado chairman Sir Stuart Rose and Next boss Lord Wolfson, have backed a campaign urging David Cameron to negotiate a new deal for the UK with Brussels.
The Business for Britain campaign, whose supporters range from blue chip firms to small companies, has backed the prime minister’s approach to renegotiation and called for a cross-party “national drive to renegotiate the terms of Britain’s membership of the EU”.
Cameron has pledged to claw back powers and then offer voters a choice of staying in the EU in a referendum by the end of 2017, if the Conservatives are returned to power at the next election.
Business for Britain’s co-chairman Alan Halsall, who is also the head of Yorkshire pram-making firm Silver Cross, said: “Business for Britain has been formed because many would have you believe that business doesn’t want politicians to try and renegotiate a better deal from Europe.”
Retailer JML’s founder John Mills, a Labour supporter, said: “This campaign is not about taking political sides or backing the right horse – it’s about doing what’s best for British business.
Other signatories include Lord Bilimoria from Cobra beer, Richard Burrows from British American Tobacco, hairstylist John Freida, Lord Harris from Carpetright, Moni Varma, the rice tycoon and John Clement from Littlewoods.
Two-thirds of online businesses questioned said they were optimistic about their growth prospects for the coming year
Companies with a strong online presence are performing substantially better than the overall economy despite the current difficult consumer environment.
In a survey of more than 300 online businesses conducted for Barclays, the average business reported 11.4% compound annual growth over the past three years. During the same period the UK economy grew by just 0.2%, said the bank.
Given this strong growth, it is unsurprising that nearly two-thirds of the businesses questioned said they were optimistic about their growth prospects for the coming year. Perhaps not so obviously, 48% were positive about the UK economy in general.
Sean Duffy, managing director and head of technology, media and telecoms at Barclays, said: “Online businesses have bucked the trend over the last three years and experienced success in spite of the stagnant economic conditions. The next challenge for companies operating online is sustaining this level of growth and ensuring that they take advantage of new and rising trends. We are advising our online clients to become mobile-ready, as it’s a significant opportunity, particularly with the imminent roll out of 4G networks across the UK due to make mobile browsing easier for more and more consumers.”
But many companies do not yet appear to have a mobile strategy. The survey showed 89% of online businesses had not yet developed their website for mobile devices.
Meanwhile the continuing rise of internet shopping has helped John Lewis reach £1bn of online sales a year ahead of schedule, and the retailer has invested nearly £40m in designing a new website to help boost future growth.
Paul Coby, IT director at John Lewis, said: “With sales up over 40% for johnlewis.com in 2012, we are seeing an unprecedented pace of online growth and customers are making more demands on our website, than ever before.”
The news comes as a report from marketing group Tradedoubler suggested that footfall – the number of people entering shops – was no longer a reliable measure of retail business. It said 60% of customers used smartphones while out shopping, with three-quarters looking up information on products in the store, 70% checking for a better price elsewhere and 60% going home to buy the product on line.
Customers are increasingly seeking out loyalty and reward schemes, as well as voucher codes and coupons, said Tradedoubler.
At Cornerstone Dental, Dr. John Beckwith Creates a More Stable Denture Using Dental Implants
Go here to see the original: Hillsborough Cosmetic Dentist Offers Custom Anchored Dentures
The EU, after spending hundreds of billions on the European banking crisis, has decided that for less than €20bn they will force a member state to confiscate depositors’ money (Report, 26 March). For €20bn they have brought the possibility of bank runs in larger countries the next time trouble hits. The EU negotiators warned the Cypriots they were playing with fire. Well, they are playing with much bigger fire. Penny wise and pound foolish.
• The Cyprus bailout deal seems iniquitous. Government theft. Should not the Cyprus government at least offer customers with bank deposits over €100k bonds that can only be redeemed progressively when the economy recovers sufficiently? OK, a lot of people lose access to their bank deposits, but at least there would be the incentive to restore the financial situation of the country and a prospect of return of assets.
• You report German disdain for Cypriot cartooning of Angela Merkel as Adolf Hitler and note that the effect of this caricaturing in Germany is to increase support for Merkel. It is, of course, Merkel who is stoking this demonisation. When this intelligent and well-advised politician allows herself to be quoted as saying that Cyprus is “exhausting the patience of its euro partners”, she is echoing Hitler’s famously rhetorical declamation “My patience is now at an end” from his 1938 speech on the Sudetenland. This is a dangerous game.
Exec takes blame for “shortcomings” in EA’s financial results. Previous CEO Larry Probst takes temporary charge. Current COO Peter Moore mooted as possible replacement
Video game giant Electronic Arts has announced that CEO John Riccitiello is to resign from the company. In a letter to chairman of the board Larry Probst, Riccitiello conceded that forthcoming quarterly results are likely to fall short of expectations and that he is, “100 percent accountable”. The industry veteran will step down on 30 March with Probst appointed as executive chairman until a permanent replacement is found.
After taking over as CEO in February 2007, Riccitiello has overseen a turbulent period in the history of EA. Stock value plunged amid the global financial meltdown of 2008, and has never recovered to the 2005 peak when shares were worth $70 each. Like most publishers in this sector EA has suffered due to a decline in retail software sales but has fought to improve its digital business, investing in social gaming companies such as Playfish and Popcap and extending its reach into Facebook and smartphone titles.
“The progress EA has made on transitioning to digital games and services is something I’m extremely proud of,” wrote Riccitiello in his resignation letter. “However, it currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued in January, and we have fallen short of the internal operating plan we set one year ago. EA’s shareholders and employees expect better and I am accountable for the miss.”
In a statement issued today, Probst praised Riccitiello, but accepted the resignation: “We thank John for his contributions to EA since he was appointed CEO in 2007, especially the passion, dedication, and energy he brought to the company every single day. John has worked hard to lead the company through challenging transitions in our industry, and was instrumental in driving our very significant growth in digital revenues. We appreciate John’s leadership and the many important strategic initiatives he has driven for the company. We have mutually agreed that this is the right time for a leadership transition.”
Electronic Arts remains one of the major video game publishers, with titles like Battlefield, Fifa and Need For Speed, producing profitable annual iterations. However, the company has seen a series of public relations hiccups over the last year, many over charges for downloadable content on titles such as Mass Effect 3, as well as problems with its Origin game download service. Most recently, the release of the latest SimCity simulation has been marred by server failures and the instigation of an “always online” system which ensures purchasers cannot play the game if they don’t have a web connection.
Industry pundits are already touting current EA COO Peter Moore as a possible candidate for the vacant job. The Liverpool-born exec has been at EA since 2007 having served eventful stints at Microsoft and Sega.