Quindell share price jumps after hedge fund beefs up stake January 7, 2015 Shares in troubled insurance claims processor Quindell rose as much as 15 per cent this morning, after hedge fund Toscafund increased its stake in the company. Toscafund bought an extra 1.9m shares, bringing its overall stake in the company to over five per cent. Last week Quindell revealed it had entered into exclusive talks with an [...]
London loses out to New York for property investors January 7, 2015 London has lost its top spot to New York in a ranking of the most attractive destinations for foreign commercial property investors. San Francisco -another popular tourist destination – snapped up third place in the ranking compiled by the Association of Foreign Investors in Real Estate (AFIRE). This reflects the United States' position as the [...]
Royal Dutch Shell announces £55m deal over Niger Delta oil spill January 7, 2015 Oil Giant Shell has announced a $84m (£55m) agreement with residents of the Bodo community, which will compensate them over two oil spills. The settlement, thought to be the largest of its kind to an African community, marks the first time affected individuals have been compensated directly. Claims through Nigerian authorities usually result in disbursement [...]
Sainsbury’s Christmas sales slip as outlook remains “challenging” January 7, 2015 Festive cheer failed to save supermarket Sainsbury's as it reported third quarter sales which were the worst in a decade. Like-for-like sales in stores open for more than a year fell 1.7 per cent in the 14 weeks to January 3, excluding fuel. Despite this, sales actually beat expectations, with analysts forecasting a drop between [...]
Investors feasted on £13.6bn in London-listed IPOs last year January 6, 2015 Hungry investors feasted on billions of pounds in initial public offerings (IPOs) on the London Stock Exchange last year. In 2014 around 104 plucky issuers raised a total of £13.6bn on London's main and AIM markets. This represented a 10 per cent increase from the previous year's activity according to data from Thomson Reuters. Throughout the [...]
Eurozone services PMI disappoints in December January 6, 2015 It's yet more bad news for the eurozone economy after miserable growth in its three largest economies ensured the single currency bloc disappointed again in December. The eurozone's three biggest economies – France, Italy and Germany – had disappointing performances according to Markit's final December Composite Purchasing Managers' Index (PMI). The index, where any reading [...]
Bupa: Workers who skip lunch risk harming their productivity January 6, 2015 While Britain's workers feel they're too busy to take proper breaks, opting for paperwork over lunches can actually reduce overall work performance, according to new research by Bupa. The research, which looked at 2000 full-time workers, found less than a third of employees took the full lunch hour every day. What's more, 28 per cent [...]
In pictures: This is what Peckham’s own Walkie Talkie Sky Garden would look like January 6, 2015 Peckham could one day have its own version of the Walkie Talkie Sky Garden thanks to a local architecture student's plan to transform the area's disused railway into an elevated green space. (Source: peckhamcoalline.strikingly.com) The proposal, which is currently in drawing stage, would see the creation of a 1km-long green park and cycle route [...]
Glasgow Rangers rebuff takeover approach from US tycoon Robert Sarver January 6, 2015 Rangers have rejected an £18m takeover approach from American financier and owner of Phoenix Suns basketball team Robert Sarver. The club said the offer, which included placing 100m shares at 18 pence, did not "adequately value a controlling interest in the company". Rangers admitted they would need "further funding before the end of January" and was [...]
Sony Hack: Chief executive Kazuo Hirai breaks silence on “malicious” cyber-attack January 6, 2015 Sony's chief executive Kazuo Hiari yesterday broke his silence on the hacking scandal which has engulfed the company since November, at the International CES trade show in Las Vegas. In his first public comments on the cyber attack, Hiari said former and current employees of Sony were victims of "one of the most malicious cyber-attacks [...]
