What the other papers say this morning – 08 November 2013 November 7, 2013 FINANCIAL TIMES Currencies probe shifts to the US A global probe into alleged manipulation of the multibillion-dollar currencies market has widened its focus to include the US, with Barclays putting three New York-based traders on leave. They included foreign exchange spot traders Russell Katz and Jerry Urwin, two of these people said. Mr Katz and [...]
New York Report: Wall Street hits fresh high in turkey rally November 27, 2013 THE Dow and the S&P 500 closed at record highs yesterday, led by Hewlett-Packard’s jump a day after the personal computer maker’s earnings, while the Nasdaq finished at a fresh 13-year high. The tech-heavy Nasdaq got its biggest boost from Apple, which rose 2.4 per cent to $545.96, the stock’s highest level since January. Technology [...]
Green light for £1bn Blackfriars scheme October 9, 2013 PLANS to build nine buildings on the South Bank of the Thames, including a 49-storey residential tower, have won approval from Southwark Council. US private equity giant Carlyle plans to replace IBM’s Sampson House and Ludgate House – media group UBM’s headquarters – with a £1bn-plus residential, office and retail development spanning 1.4m square feet. [...]
City Moves for 04 November 2013 | Who’s switching jobs November 3, 2013 Alvarez & Marsal The professional services firm has announced the hire of William Beer as a managing director and head of its South American cyber protection division. He was most recently at PwC, where he led its UK information and cyber security practice. Northern Trust The investment management firm has appointed Matthew Peron as managing [...]
Apple dethrones Coca-Cola as the world’s most valuable brand September 30, 2013 APPLE and Google have unseated Coca-Cola as the number one global brand, according to a report yesterday from consultancy Interbrand into the top 100 global brands. Computer giant Apple had a brand valuation of $98.3bn in 2013, moving the company from the second spot in 2012 to the top of the list this year. “Every [...]
Twitter ups flotation price on huge demand November 4, 2013 INTENSE investor interest surrounding the imminent debut of Twitter has led the social media platform to boost its initial public offering (IPO) price range by 25 per cent ahead of Thursday’s highly-anticipated listing. The new price range of between $23 and $25 a share pushes Twitter up to a valuation of $17.4bn (£10.9bn) at the [...]
New York Report: Wall St soars as Washington nears debt deal October 16, 2013 US stocks closed more than one per cent higher yesterday after Senate leaders said they had a deal to reopen the federal government and raise the debt ceiling, which would avoid the threat of a debt default. US Senate majority leader Harry Reid and Senate republican leader Mitch McConnell said senators had come to an [...]
US rises again as Google and IBM lift mood January 23, 2013 THE S&P 500 rose for a sixth day yesterday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple’s after-hours miss send its shares lower. The S&P was just 4.7 per cent from its all-time closing high as IBM’s and Google’s earnings, released after Tuesday’s close, followed on the heels [...]
Monitise shows strong revenue growth as mobile money flows September 5, 2013 MOBILE payments firm Monitise reported a doubling of revenue to £72.8m in its full year results yesterday. “Monitise has delivered another financial year of very strong growth that reflects our standing as a category-leading specialist,” said Monitise chief executive Alastair Lukies. Monitise now annually accounts for more than $50bn (£32bn) of payments and transfers through [...]
City Moves for 24 September 2013 | Who’s switching jobs September 23, 2013 Rockspring The property investment company has announced the appointment of David Thomas as European director responsible for its fund accounting team. Thomas was most recently at PwC, where he spent nine years specialising in investment management and real estate. Barclays The bank has recruited Peter Horrell as chief executive of its wealth and investment management [...]