Sam Smith, chief executive of FinnCap: This is why I believe in the AIM market The AIM market gets a hard rap. Commentators are often harsh with their criticism of the junior market, and prefer to highlight the disasters rather than the successes. Admittedly, AIM has not been without its problem children, but it would certainly be unfair to judge a whole market by the likes of Globo and Quindell, to name but [...]
Fire fighters and police called to car on fire at Heathrow Terminal Five car park Firefighters were rushed to put out a fire at Heathrow Terminal Five this afternoon. The blaze started at about 2.30pm in the car park at the airport's terminal, when a saloon car burst into flames. A spokesperson for Heathrow airport tweeted: "Police & fire services are on site. They're taking care of the incident. We don't expect [...]
Crowdfunding site Property Moose has just lowered its minimum investment to £10 Crowdfunding site Property Moose has lowered its minimum individual investment to just £10. The site, which offers investors a chance to contribute to a fundraising pool to buy a residential property, is hoping to reach out to new types of investors, including students kick-starting their saving or parents looking to start building a nest egg for their children. A £10 investment obviously [...]
Barclays rubbishes talk of oil production cuts as oil price jumps on hopes Opec is open to working with Russia on managing supply January 29, 2016 Oil prices have gained almost 6.5 per cent on the week, largely thanks to a recent surge on the back of rumours Opec is willing to work with Russia in managing oil supply. Yesterday the Russian energy minister, Alexander Novak, said it was reasonable to discuss the situation in the oil market, and possible cuts to [...]
A Welsh coffee shop-owner, Steve Lewis, thinks he should replace Lin Homer as chief executive of HMRC January 29, 2016 More than 140,000 people have signed a petition in supporting a Welsh coffee shop-owner's bid to be hired as the next chief executive of HMRC. Steve Lewis, a former army officer from Crickhowell in the Brecon Beacons who now runs a coffee shop, launched a petition on Change.org, saying he would be "a people's champion" at HMRC, and take a [...]
Sony is in line for its biggest profit in eight years thanks to revenues from PlayStation Four and Spectre January 29, 2016 Strong PlayStation 4 (PS4) sales helped Sony to beat expectations in its third quarter results, for the three months ending December. The figures Sales in the three months to the end of December were ¥2.58 trillion (£14.9bn), up 0.5 per cent, and ahead of analysts' expectations of ¥2.53 trillion. Operating profits also beat expectations of ¥173.6bn, coming [...]
Don’t underestimate Europe’s tech entrepreneurs: they’re more ambitious than you think January 28, 2016 There’s a common complaint that European entrepreneurs don’t have the same level of ambition and ability as their counterparts in the US. I disagree and have always felt Europe is being underestimated. Unlike the US, where the entrepreneurship game is mature, Europe is in the early stages of its journey, with most venture capital and [...]
The Daily Mail is going to increase the price of the newspaper as revenue falls, but the MailOnline continues to grow January 28, 2016 The Daily Mail is to hike the price of its 'paper from 60p to 65p as it attempts to offset falling revenues. In reaction, The Daily Mail and General Trust (DMGT), which owns the newspaper, saw its share price fall to 657p, down around 0.68 per cent. This is the first price increase in three years, and will come into [...]
Jimmy Choo share price rises as its revenues are boosted by strong Asian markets and its men’s shoes January 28, 2016 Jimmy Choo shares spiked like its own stilettos today, after revealing promising full year results. Shares were trading up around 1.34 per cent, at 129p, having jumped from 127.3p to 130p as soon as markets opened. The figures Full year revenues for 2015 rose seven per cent to £318m, from £300m on a constant currency basis. Taking into account currency [...]
New UK crowdfunding platform Growthdeck launches today hoping to improve investment standards in the sector January 28, 2016 A new equity-crowdfunding platform is launching in the UK today, Growthdeck, which says it wants to improve the standard of investing in the burgeoning sector. The company says it wants to "marry up the speed and low cost of crowdfunding platforms with the investment rigour that institutional investors would get and that private investors deserve.” The platform [...]
