UBS and Goldman Sachs left red-faced by AngloGold Ashanti $2.1bn float flop September 15, 2014 Proposals for a new London-listed mining spin-off worth £3bn hit the dust yesterday, as shareholders at one of the world’s top gold miners revolted over a $2.1bn (£1.3bn) rights issue key to the massive restructuring. South Africa-based AngloGold Ashanti was forced into a U-turn just five days after it announced it would spin off [...]
iPhone 6 pictures leaked: Apple’s new smartphone flaunts curves and a higher resolution screen August 21, 2014 As the hype surrounding the iPhone 6 reaches fever pitch ahead of its supposed unveiling on 9 September, new images claim to show the complete design of Apple’s new device for the first time. The leaked pictures reveal a return to the design of Apple’s original iPhone model, flaunting its curves as one website might [...]
Chef Ana Morris of Islington restaurant LeCoq presents her recipe for burnt chicken and chilli spatchcock chicken December 9, 2014 Ana Morris, the chef of Islington’s favourite rotisserie chicken restaurant LeCoq, on how to unite a community using only a spit and some good quality birds from Suffolk. Sisters Ana and Sanja Morris opened LeCoq last year in Islington. Since, the restaurant has flourished and become a firm local fixture. We speak to chef Ana to [...]
Time Warner share price dips after Rupert Murdoch’s aborted Fox bid August 6, 2014 Not even higher-than-expected profits and a boosted share buyback could prevent Time Warner’s stock crashing 12.85 per cent yesterday, in the wake of Rupert Murdoch’s Twenty First Century Fox withdrawing its $80bn (£47.5bn) bid for the company. US media conglomerate Time Warner reported soaring profit of $843m, beating market expectations, during the second quarter to [...]
Intel loses appeal against record €1.06bn fine for antitrust breach June 12, 2014 INTEL suffered a heavy blow yesterday as it lost its challenge against a record €1.06bn (£852m) fine imposed by EU antitrust regulators as a result of its efforts to block rival Advanced Micro Devices (AMD) from the lucrative computer chips market. The massive fine, the highest ever inflicted on a company in an antitrust case [...]
Uber cuts fares by 20 per cent in New York in price war with taxis July 7, 2014 Uber is cutting its prices by 20 per cent in New York in a bid to make the mobile app service for private hire cars more competitive than the city’s famous yellow taxis. The move follows similar price cuts for its UberX service in San Francisco, where the firm is based. Uber has seen strong growth [...]
Is there life on Mars? Nakhla meteorite indicates it’s possible August 20, 2014 The question of whether there is – or ever was – life on Mars has rumbled on for centuries, but a meteorite that landed on Earth more than 100 years ago could offer scientists new clues about the environment of our neighbouring planet. The Nakhla meteorite, which landed in Egypt back in 1911, has [...]
Tesla lands $200m Panasonic investment in Gigafactory deal July 31, 2014 Japan's Panasonic is set to invest over $200m in American electric carmaker Tesla Motors' lithium-ion battery plant in the US, according to a person familiar with the matter. Panasonic had signed a preliminary agreement to be involved in the project back in May. In a joint statement the companies said Tesla would be responsible for [...]
Mick the Miner in talks to secure further funding for acquisitions April 28, 2014 MICK Davis, the former boss of mining giant Xstrata, is in the process of raising more money through his new venture X2 Resources, mere weeks after raising $3.75bn (£2.25bn) from five institutional investors. X2 is understood to have been approached by a number of new investors, including pension funds and private equity houses, although it [...]
Tesla to share its car patents June 12, 2014 ELON Musk, the billionaire entrepreneur behind leading electric car company Tesla and private space travel firm SpaceX, has announced Tesla will allow others to use its intellectual property in hopes of boosting development of electric cars. Musk said on the company’s website that the industry would benefit from open-source sharing of technologies. “If we clear [...]