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Dublin-based mobile marketing technology provider Velti has benefited from strong demand during the nine months ended September 30, pushing revenue up by 143% to $58.8m. There's also adjusted earnings before interest, tax and depreciation (EBITDA) of $4.7m compared with a $10m loss during the same
Read moreBrewing giant SABMiller is to move towards the centralised business model adopted by its multi-national rivals but this could lead to some short term volatility in the business, Nomura Securities believes. SABMiller's chief executive officer Graham McKay said in a press interview that the company w
Read moreThe buy out of insurer Brit Insurance by private equity should focus attention on the remaining members of the sector, five of which are trading at a substantial discount to asset value, on top of which some also offer juicy yields, FinnCap notes. "Catlin is the most liquid, and finnCap's top pick
Read moreThe chairman and chief executive of Omega Insurance Holdings are both buying shares in the Bermuda-based insurance underwriter with chairman John Coldman investing nearly £1m. Richard Pexton became chief executive of Omega in March this year. He was previously boss of Heritage Underwriting Agency.
Read moreBermuda based underwriter Omega Insurance Holdings has finished estimating the likely cost of claims arising from the Chilean earthquake and said that they are likely to have a material effect on the group's full year profits. The group estimates a combined net loss from the Chilean earthquake of a
Read moreInvesco Asset Management, which controls 29% of Omega Insurance Holdings, has been successful in getting five new non-executive directors on the board of the Bermuda-based insurance underwriter at today's special general meeting. Omega's joint broker Cenkos is also behind the proposed changes and
Read moreThree British banks may have to pay more than $10bn (£6bn) to the US Government as part of its crackdown on financial institutions bailed out by taxpayers. Royal Bank of Scotland, which is 84% owned by the Government, may be on the hook for almost $1bn to the US over the next decade under a stringe
Read moreElectronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen
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