Dropbox raises $250m funding for expansion October 18, 2011 DROPBOX, the company behind the virtual file cabinet that allows users to access documents, photos and videos from different devices, said it had raised $250m (£159m) in funding. Index Ventures led the series B round from participants that also included Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital Partners, and Valiant Capital [...]
Max Petroleum to start drilling at Kazakh well September 16, 2011 SHARES in Kazakhstan-focused Max Petroleum edged up yesterday after it announced that it expects to start drilling a well on the Emba B prospect by the end of October at the latest. Max closed up 1.67 per cent to 15.25p on the alternative investment market last night as it announced it is preparing to receive [...]
Classy Ferrer blows tired Novak away November 23, 2011 SPANIARD David Ferrer caused another shock at the ATP World Tour Finals last night, following up his victory over Andy Murray with a straight sets win against world No1 Novak Djokovic. After edging past Tomas Berdych in his tournament opener, a clearly fatigued Djokovic was blown away 6-3, 6-1 by Ferrer in just 75 minutes [...]
Mitchells & Butlers sets Lewis a deadline for his next move September 16, 2011 THE INDEPENDENT directors of Mitchells & Butlers have issued a put up or shut up notice to Piedmont, forcing Joe Lewis to make a public offer for the group by 17 October. If Piedmont fails to come back with a firm offer by the deadline of 5pm on 17 October, following its possible offer of [...]
Super Saint-Andre can lead France to trophy February 2, 2012 SPORT TRADER DAVID WILD AND BEN CLEMINSON BRING YOU THE BEST SIX NATIONS AND PREMIER LEAGUE BETS FROM TOMORROW WHO is under the most pressure ahead of this year’s Six Nations? Is it Stuart Lancaster, England’s interim coach who, should he achieve anything less than a Grand Slam, will probably be out of a job? [...]
Lewis seeks out Irish tycoons in brewing battle September 14, 2011 JOE LEWIS has told associates he wants to meet JP McManus and John Magnier, his friends and fellow shareholders in Mitchells & Butlers, to enlist their support in his fight to take full control of the pub chain. According to one source who was yesterday at a meeting on Lewis’s boat Aviva, the financier expressed [...]
ED SAATCHI SCALES UP TO SOCIAL MEDIA IPO December 21, 2011 IMAGINE logging on to Facebook and it already knows who your friends are, says Edward Saatchi, the red-headed son of the advertising legend Maurice Saatchi. This is the idea behind the “social, data-driven” networking site that is NationalField, the business world’s answer to Facebook that launched in spring 2008 as a way of connecting staff [...]
ED SAATCHI SCALES UP TO SOCIAL MEDIA IPO December 21, 2011 IMAGINE logging on to Facebook and it already knows who your friends are, says Edward Saatchi, the red-headed son of the advertising legend Maurice Saatchi. This is the idea behind the “social, data-driven” networking site that is NationalField, the business world’s answer to Facebook that launched in spring 2008 as a way of connecting staff [...]
Happy birthday, Baby Seven Billion – more human beings are good news for the planet October 27, 2011 A CHILD is born. Hurrah – a time for celebration. Babies usually bring out the optimist in people. “What a joy” we coo over a bundle of potential in swaddling – this could be the new Einstein, a modern Joan of Arc, a future Steve Jobs. However, there seems widespread reluctance to pop the champagne [...]
Push into online streaming in the UK will not be the potion to cure giant’s ills October 24, 2011 IT HAS been a year of two halves for Netflix. It reached a share high of almost $300 in July after a meteoric rise. Last year it accounted for more web traffic than any other site on the internet (that it deals in bandwidth-heavy streaming only makes this marginally less impressive). But it decision to hike [...]