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CMC starting to hit right notes
Content Media Corporation, which owns and distributes a library of film, television and digital assets, reported reduced first-half pre-tax losses yesterday and said it was expecting a stronger second-half. The company's film rights include When You're Strange: A Story About The Doors which is narrated by Johnny Depp.
Metrodome fires profits warning
The television and film rights management company Metrodome has warned that its profits for 2011 will be "materially below" market expectations. Its TV unit, Target Entertainment, which distributes shows such as Taggart, suffered tougher than expected trading conditions in recent months due to a slowdown in its European markets.
Alzheimer's indicator plans
The pharmaceutical services firm Proteome said it has made progress in discovering a potential indicator of Alzheimer's disease. It hopes its programme will next year be licensed to a pharmaceutical company for further development, bringing in "significant fees, milestones and royalties".
Jobless stats point to economy boost
The number of Americans filing new claims for jobless benefits hit a three-and-a-half-year low last week, bolstering views the economy was gaining momentum, even though third-quarter growth was revised down from 2.0 to 1.8 per cent in the third quarter on an annualised basis.
Energy bills up despite less use
Household energy bills rose 9.2 per cent on average this year, even though consumption levels were lower than in 2010, according to provisional government data. Britons paid £100 more for gas and electricity than in 2010, with average bills costing £1,175.
Scapa Group buys US rival for $45m
Scapa Group, which supplies adhesive bonding for electronics and medical equipment, yesterday splashed out up to $45m (£29m) to buy US rival Webtec Converting. The firm said the acquisition would boost its medical expertise, particularly in such fast-growing areas as advanced woundcare and silicone-based dressings.
Broker's bonus alternative
The stockbroker Daniel Stewart has come up with a novel alternative to the City bonus. It now pays its 57 staff, from receptionist to chief executive, a monthly "retention payment" equivalent to what their bonus for the year would be. Retention payments of £361,000 contributed to a half-yearly loss of £606,000, against a profit of £190,000 a year ago.
Hansteen's £150m on warehouses
The property investor Hansteen Holdings and a fund managed by the firm have spent £150m on 88 industrial warehouses formerly owned by the Merseyside-based Spencer Group. The deal is one of Hansteen's biggest after the firm raised £150m to snap up bargains earlier this year. It has £300m for further deals.
Key extension for Imaginatik
The IT and innovation consultancy Imaginatik has won a "significant" two-year extension to a contract with a major provider of property and casualty insurance. The Winchester-based company said the new contract builds on an agreement initially signed in 2008.
Rolls-Royce seals Thai Airways deal
The engine maker Rolls-Royce has won a contract to provide engines for 20 new aircraft for Thai Airways International. The Asian airline said that the efficient engines would help it to improve its environmental performance.
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