Greek crisis complacency has big risks – CNBC Comment June 1, 2015 Would you believe that 14 weeks have already passed since the Greek bailout extension deal was agreed? That’s about 2,352 hours of twists and turns, reform talks, rumours and misinformation. No wonder most analysts and investors admit to being bored. But is that boredom breeding complacency, and can investors dare to hope that this week [...]
Burberry and asset managers lift FTSE to 7,000 – London Report April 9, 2015 BRITAIN’S FTSE 100 rose yesterday, as a recovery in emerging market-exposed stocks and gains in Burberry, driven by bid speculation, kept the index near all-time highs. The blue-chip index .FTSE closed up 1.1 per cent at 7,015.36 points. It hit a record high of 7,065.08 in March. With just weeks to go before the 7 [...]
Rome: The Eternal City that Hollywood can’t leave alone June 7, 2015 The Eternal City has managed what the Russians never could: knock out 007. Daniel Craig was shaken and stirred as he was carried unconscious by a wailing ambulance to hospital when the Aston Martin DB 10 he was driving in a high speed chase around the Tiber river hit pot holes while filming Spectre, the [...]
Stimulus hopes in China help to send FTSE up – London Report March 30, 2015 EXPECTATIONS that more infrastructure spending and policy stimulus in China will boost mining companies yesterday sent Britain’s top share index higher. The blue chip FTSE 100 index finished 0.5 per cent higher at 6,891.43 points, after dropping 2.4 per cent last week. The index rose towards a record high of 7,065.08 set last Tuesday, but [...]
Exclusive: Shelf Drilling pulls $500m float plan after investors get cold feet July 1, 2014 Oil-rig contractor Shelf Drilling is to pull its plan to float on the London Stock Exchange today, citing insufficient interest to justify proceeding with the sale. Sources close to the deal yesterday told City A.M. the decision was made late last night to cancel the initial public offering, which was set to raise at least [...]
London FinTech startup Kantox flies past $1bn forex transfers thanks to currency woes and economic uncertainty February 9, 2015 Businesses hit by currency volatility and worried by economic uncertainty are increasingly turning to alternative finance services, helping one London FinTech startup fly. Kantox, a peer-to-peer forex platform for business, has flown past $1bn (£657bn) in currency transfers since setting up shop in the capital in 2011 with an astonishing 20 per cent of that- [...]
The US corporate debt market is close to boiling over – and Europe could be next June 4, 2015 How close is the corporate debt market to boiling over? Given the vast volumes of institutional and retail money that have flowed into high yield funds and other leveraged finance vehicles in recent years, it’s a key question for financial markets in both the US and Europe. For the last six years, corporate borrowers have [...]
‘It’ll be a Glastonbury but for sport and health’ May 27, 2015 British Athletics chief Niels de Vos has grand plans for Olympic Stadium and they start now BRITISH Athletics chief executive Niels de Vos is in no mood for understatement when discussing the importance of the Olympic Stadium to the future – the survival, even – of UK track and field. His organisation will take up [...]
Whistle Sports YouTube network secures $28m funding with investment from Derek Jeter and Peyton Manning January 13, 2015 YouTube sports network Whistle Sports has raised $28m (£18.55m) in a funding round that included American sports stars Peyton Manning and Derek Jeter as investors. The network, which distributes video content across 225 YouTube channels, has now raised over $35m in various funding rounds – including $7m in backing from BSkyB. Whistle Sports [...]
Rolls-Royce wins $442m worth of contracts for cut-price technology February 9, 2015 Rolls-Royce plc yesterday revealed three new contracts worth a total of $442m (£290m) to provide lift fan propulsion systems for F-35B Lightning II aircraft. The company will produce and support its LiftSystem technology for the planes, in a series of deals agreed between Rolls-Royce and US aerospace manufacturer Pratt & Whitney, which provides the propulsion [...]