Year of the Monkey: We must be innovative and adaptable to strengthen China ties February 8, 2016 The Year of the Monkey starts today as we celebrate Chinese New Year. With London hosting the biggest celebrations outside of Asia, the zodiac animal has two particular attributes that I also think help define our modern City: our adaptability and innovativeness. The importance of China to both the City and the wider UK is a [...]
Zlota 44 is the tallest residential building in Warsaw and it’s hoping to catch the eye of Western investors February 25, 2016 For millionaire investors, the obvious place to buy for profit is in one of Europe’s great cities. But the bright lights of London, Paris and Berlin may be blinding buyers to smaller pockets of investment that have big potential. One of these is Poland. After years of building it up, the Poles now boast the largest [...]
RBS to sell stake in US subsidiary Citizens Financial March 23, 2015 Royal Bank of Scotland will shrink its stake in its US subsidiary Citizens Financial to below 50 per cent. Citizens Financial has announced RBS will sell off 115m shares in the company which only listed on the New York Stock Exchange in September. RBS will also grant the underwriters – including Morgan Stanley, Goldman [...]
New York blizzard won’t close US markets… but these seven events that weren’t snowstorms did January 27, 2015 A huge blizzard hitting the east coast of the US and New York City isn't closing down US markets and it remains business as usual on Wall Street. The New York Stock Exchange, Nasdaq and other exchanges are expected to open as normal as New Yorkers prepare to be hit with up to three feet [...]
GoDaddy goes for float with a $3bn price tag March 19, 2015 WEB FIRM GoDaddy is expected to be valued at $2.9bn (£1.9bn) on its initial public offering (IPO), it was revealed yesterday. The web hosting and domain registration company serves 12.7m customers and saw its revenues rise 23 per cent to $1.4bn in the year ending 31 December. Net losses at the firm fell from $200m [...]
Shake Shack share price goes supersize on stock exchange debut January 30, 2015 Shake Shack's share price has gone supersize on its stock market debut, rising almost 150 per cent from its initial public offering price of $21 per share. Shares in the fast food chain are trading at around $48.5 per share on the New York Stock Exchange under the ticker symbol "SHAK", valuing the company at more [...]
Sony share price jumps following increase in operating profit March 17, 2015 Sony’s share price opened five per cent higher on the New York Stock Exchange on Tuesday, after the company revised its third-quarter operating profit up 2.2 per cent to 182bn yen (£1bn). The company increased its operating profit for the year from the originally reported 178bn yen, which it said was based on [...]
Why robust regulation of retail trading is a competitive advantage April 19, 2015 Since the financial crisis, regulation has been debated extensively; as financial markets have become more accessible to retail consumers, protecting them has never been more important. The decision by the Swiss National Bank to remove the cap on euro-Swiss franc in January 2015 caused turmoil in currency markets, and given the impact this had on [...]
Megabrew is here: Now that SABMiller and AB InBev have reached a deal the real hangover begins November 11, 2015 Anheuser-Busch InBev’s £71bn takeover of SABMiller, the biggest ever British corporate merger, is poised to leave a bitter taste in the mouth with thousands of job cuts, a de-listing from the London Stock Exchange and the shuttering of SAB’s Mayfair offices all in the pipeline. AB InBev said the deal, confirmed yesterday, will result in $1.4bn (£920m) in efficiency [...]
Under Armour share price slides as net income falls despite soaring revenues April 21, 2015 The figures Under Armour cemented its membership in the sportswear major players club after reporting revenue growth above 20 per cent for the 20th successive quarter. Turnover at the sportswear brand increased by 25 per cent to $805m (£541.1m), encouraging the company to boost its outlook for the full year to $3.78bn. In contrast to [...]