LONDON, Dec 6 (Reuters) – Mike Lynch, who sold software firm
Autonomy to Hewlett-Packard for $11 billion, is backing a
start-up focused on augmented reality – the ability to overlay
information on a real-world background which some see as the
next big digital craze.
The technology aims to help a device such as a mobile phone
to recognise objects in the real world, such as a building, and
overlay relevant information onto the image on its screen.
FRANKFURT/LONDON (Reuters) – Merck, the world’s largest maker of liquid crystals used in TVs, tablet and smartphone screens, has agreed to buy Britain’s AZ Electronic Materials for $2.6 billion to expand its range of specialist chemicals for hi-tech gadgets.
Germany’s family controlled Merck, which also makes cancer drugs and laboratory equipment, will pay 403.5 pence per share in cash for the supplier of chemicals used in Apple’s iPad, a 41 percent premium to AZ’s three-month average share price.
LONDON, Dec 4 (Reuters) – British software developer Sage
Group Plc has posted a sharp rise in takeup for its
“cloud” computing products and raised hopes of a further cash
return to shareholders, sending its shares to a 12-year high.
Sage, whose products are used by more than 6 million
businesses worldwide, said demand for cloud computing products
such as accounting software SageOne was driving sales growth
towards its 2015 target of 6 percent.
LONDON (Reuters) – Shares in Britain’s housebuilders fell sharply on Thursday, wiping over 1 billion pounds ($1.6 billion) off the sector, after the Bank of England unexpectedly scaled back a scheme to boost mortgage lending.
Shares in Barratt Developments, Britain’s biggest housebuilder by volume, tumbled almost 10 percent while Persimmon’s, the largest builder by market value, fell over 6 percent.
LONDON, Nov 28 (Reuters) – Shares in Britain’s housebuilders
fell sharply on Thursday, wiping over 1 billion pounds ($1.6
billion) off the sector, after the Bank of England unexpectedly
scaled back a scheme to boost mortgage lending.
Shares in Barratt Developments, Britain’s biggest
housebuilder by volume, tumbled almost 10 percent while
Persimmon’s, the largest builder by market value, fell
over 6 percent.
LONDON (Reuters) – British pharmaceutical firm BTG said U.S. regulators had approved its varicose vein treatment that uses an injectable foam to dissolve the veins as an alternative to surgical removal.
Varithena, previously known as Varisolve, has taken more than a decade to win approval, as the company had to answer concerns that the active agent in the product polidocanol could enter the bloodstream.
LONDON, Nov 25 (Reuters) – The rise of social media in China
will lead to liberalisation, and as more and more people go
online China’s government will be powerless to halt the changes,
Eric Schmidt, executive chairman of Google Inc, said on
Speaking at a conference in London, Schmidt recalled a
meeting with President Xi Jinping and Premier Li Keqiang this
month, just weeks after China passed tough regulations on social
media. Under new laws, people face harsh penalties if libellous
“online rumours” they create are reposted more than 500 times.
LONDON, Nov 25 (Reuters) – Britain is to cap the cost of
payday loans, stepping up its controls over the industry just a
month after the regulator said imposing price controls would be
“a very intrusive proposition”.
George Osborne, finance minister, on Monday said capping
charges was “the next logical step” to take.
BARCELONA (Reuters) – German business software group SAP may speed up a shift towards providing its products over the internet in order to tap demand for so-called cloud services and take advantage of Germany’s reputation for data privacy, it said on Friday.
SAP and rivals such as IBM and Oracle are dashing to meet surging demand for cloud computing, which allows clients to reduce costs by ditching bulky local servers for network-based software and storage in remote data centers.
BARCELONA, Nov 22 (Reuters) – France’s Orange
expects to announce the sale of its Dominican Republic business
in the next few days for a price “significantly over” 1 billion
euros, Chief Executive Stephane Richard said on Friday.
Speaking at a Morgan Stanley investor conference in
Barcelona, Richard said he expected to announce a deal that
would increase his financial flexibility as he looks to cut