Twitter to close books a day early after float sees strong demand November 4, 2013 After many considered the float undervalued, Twitter has hiked its range from $17 to $20 up to $23 to $25 a share. That brings up the company's value from $11bn (£6.9bn) to $17.4bn (£10.9bn). Now the company will close books a day early due to high demand, according to Reuters sources. At that previous range, [...]
Capita wins £145m congestion charge contract ahead of toll-hike January 14, 2014 Capita, which helped set up the congestion charge for London in 2003, has won back the contract to run the scheme, five years after losing it to IBM. The outsourcing group reckons the contract is worth £145m in revenues over five years – meaning it’s likely to make up just 0.9 per cent of Capita’s annual [...]
Microsoft’s next CEO has 4 huge challenges to face February 4, 2014 As rumours surrounding Microsoft’s next chief executive continue to swirl, we take a look at the four big challenges they're set to face. 1. Mobile Microsoft’s success in mobile with Windows Phone has been mixed, on the one hand its share of sales in Europe is hovering around ten per cent, and on the other [...]
How SMEs can drive growth from connected customers May 7, 2014 Small businesses must embrace new technology or risk being left behind RECENT technological advances, while enabling companies to be constantly connected to their customers and suppliers across a range of channels (driving both cost and productivity benefits), have also radically changed how consumers view firms. In one of the more obvious manifestations of the trend, [...]
End of an era as Microsoft’s new boss takes over February 4, 2014 Bill Gates, the world’s richest man, steps down as chair of Microsoft, the firm he founded from his garage in 1975 MICROSOFT founder Bill Gates will step aside as chairman from the technology giant that he established in 1975 as part of the most dramatic management reshuffle in the firm’s history, which will see Satya [...]
New York Report: S&P hits record high as US deal cheers investors October 17, 2013 THE S&P 500 closed at a record high yesterday as investor confidence grew following a last-minute deal to avoid a US default, but weaker-than-expected results from heavyweights IBM and Goldman Sachs pressured the Dow. The S&P 500’s intraday record of 1732.92 broke the all-time high set 19 September. Over 80 per cent of stocks traded [...]
What the other papers say this morning – 04 December 2013 December 3, 2013 FINANCIAL TIMES IBM legal challenge to India tax claim IBM has launched a legal challenge over an estimated $800m tax demand from India’s revenue department – becoming the latest major western multinational to find itself ensnared in a payment dispute in Asia’s third-largest economy. The company’s move follow a series of recent high profile tax rows [...]
New York Report: S&P 500 and Dow hit highs over Fed news October 29, 2013 THE DOW and S&P 500 ended at record highs yesterday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day’s gains. The stock, which also helped [...]
Letters to the Editor – 11/12 – Encrypted lives, Best of Twitter December 10, 2013 Encrypted lives [Re: The tech giants are right: We could be sleepwalking into a surveillance state, yesterday] The author is right to highlight the growing discontent with government surveillance. But it should be noted that possible solutions to concerns over privacy are cropping up in the private sector. Microsoft announced last week that it will [...]
City Moves for 10 December 2013 | Who’s switching jobs December 9, 2013 AshurstThe law firm has hired Francis Kucera as a partner in its capital markets practice. He joins from Linklaters, where he was co-head of its Central and Eastern Europe office and the Commonwealth of Independent States region, and co-managing partner of Linklaters' Warsaw office. RBC Capital MarketsThe corporate and investment banking arm of the Royal Bank [...]