Manchester United share price soars following record Premier League TV deal February 11, 2015 The record £5.14bn Premier League TV deal is still a season and a half away from kicking in, but some clubs are already feeling the benefits. Manchester United’s share price rose on the New York Stock Exchange yesterday, rising by almost five per cent to a price of $17.03 per share. The [...]
Visa Inc share price down as it agrees to buy former subsidiary Visa Europe for €21.2bn November 2, 2015 Visa Inc announced this morning it has reached a deal to buy its former subsidiary Visa Europe for as much as €21.2bn (£15bn). The consolidation of Visa Europe's 500 million card accounts, worth more than €1.5 trillion, will create a single global payments company. The upfront payment comprises of €11.5bn in cash and €5bn-worth of preferred stock (which pays fixed dividends, taking [...]
Yelp share price crushed as investors give slow growth a bad rating February 6, 2015 Yelp’s share price has crashed in early morning trading on the New York stock exchange, even after the business ratings service announced its first ever annual profit on Thursday. Stock in the San Francisco-based company is down by almost 20 per cent, at a price lower than $47 per share. Yelp's shares ended [...]
Bitcoin price bounces as first regulated US exchange opens January 26, 2015 The price of Bitcoin has jumped following the opening of the first-ever licensed US exchange, a move that will give a little bit more legitimacy to the controversial cryptocurrency. Lunar Exchange, operated by San Francisco-based Coinbase, has garnered regulatory approval in half of US States, according to the Wall Street Journal. The Exchange will give Bitcoin [...]
Singapore fund boosts stake in TV firm Nielsen February 5, 2015 SINGAPORE’S sovereign wealth fund GIC has increased its stake in data company Nielsen, and now holds five per cent of the firm’s common stock. According to a US Securities and Exchange Commission filing, the stake comprises of 18,788,010 shares, which has a market value of $16.7bn (£10.9bn). The amount paid by GIC to increase its [...]
UK drug company Acacia Pharma plans £150m flotation on London Stock Exchange September 14, 2015 The UK's life sciences sector received yet another boost this morning, when Cambridge-based drug company Acacia Pharma announced its plan to float on the London Stock Exchange next month. The firm, which specialises in developing new treatments for debilitating conditions arising from surgery, intends to sell a 25 per cent stake of the company [...]
Hilton shares dip as strengthening dollar spells tough 2015 for US hotels February 18, 2015 Hilton Worldwide Holdings’ share price has dipped in morning trading on the New York Stock Exchange as it said a stronger dollar could spell tough times ahead. Shares fell by as much as 2.5 per cent in early trading to $27.9 per share. The figures Hilton’s results for the 2014 calendar year show the hotel group [...]
Microsoft share price plummets 10pc after profits fall January 27, 2015 Microsoft’s share price has plummeted almost 10 per cent in morning trading on the New York Stock Exchange, after profits fell in the second quarter. Shares opened at $42.96 after closing at $47.18 on Monday night. In its earnings report for the quarter ended 31 December 2014, the company revealed a 10.6 per [...]
Alibaba moves into smartphone market with £400m investment February 9, 2015 Chinese e-commerce giant Alibaba has bought a $590m (£388m) minority stake in Chinese smartphone maker Meizu. The move signals Alibaba’s first major foray into smartphone hardware as it looks to build a platform for its YunOS mobile operating system. In a joint statement, the two companies said they will collaborate “to achieve [...]
Bill Gross invested over $700m in Janus Capital helping it record first inflows in five years January 22, 2015 So-called "bond king" Bill Gross has pumped more than $700m (£465m) of his own money into Janus Capital, helping the group to mark a significant new milestone. Janus' released its fourth-quarter results today, and the fund's profit beat market expectations, recording inflows for the first time in five years. "At the end of 2014, Bill [...]