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Yahoo acquires Tumblr for $1.1bn
Yahoo has acquired online blogging platform Tumblr for a fee belived to be in the region of $1.1bn, in an all-cash deal. According to website All Things D, the Yahoo board has … [Read More...]
Formula One IPO on track for next 12 months
The Formula One (F1) IPO is still on track to be realised during the next 12 months according to reports. The Formula One IPO is due to occur on the Singapore stock exchange, and … [Read More...]
Deep Cyprus recession predicted by IMF
A deep Cyprus recession has been forecast by the IMF for this year and next year. However, the IMF also predicted that Cyprus should return to growth by 2015, so long as it ensures … [Read More...]
Facebook IPO: The stats one year on
Its been one year since Facebook had its IPO and the WSJ has taken a look at how the key numbers have changed one-year on: Share Price DOWN 31% Revenue UP 38% Profit UP … [Read More...]
Royal Mail IPO is ‘preferred option’ for sale
A Royal Mail IPO in London is the 'preferred option' for the government's privatisation of the state-owned delivery service. A report in the Sunday Times claims that Roayl Mail … [Read More...]
FTSE 100 just 208 points away from beating all-time high
The FTSE 100 is now just 208 points from surpassing its all-time high of 6930 reached during December 1999, just before the dotcom bubble burst. According to the Telegraph, … [Read More...]
Jockey Club Racecourse Bond deadline extended due to demand
The Jockey Club Racecourse Bond deadline has been extended due to strong interest from investors. The bond initially aimed to raise £15m and did so through 1,500 investors, with … [Read More...]
Ocado share price surges 47% on Morrison’s deal
Ocado's share price surged by as much as 47 percent on Friday as the online grocer revealed a partnership with Morrison's, the supermarket. The deal will see Ocado providing the … [Read More...]
Aviva share price soars on new business
The Aviva share price soared by 7.24% on Thursday as it reported an 18 percent increase in the value of new business during the first quarter. As Thursday's trading session … [Read More...]
Greece credit rating upgraded by Fitch but still ‘junk’
Greece's credit rating has been upgraded one notch from CCC to B- by Fitch ratings. The upgrade by Fitch was due to Greece's reduction in its budget deficit and reduced fears of a … [Read More...]
Severn Trent takeover news helps FTSE 100 record
The FTSE 100 recorded a five and a half year closing high of 6,686 as shares in Severn Trent jumped nearly 14 percent on takeover reports. According to various sources, Severn … [Read More...]
Former star BlackRock fund manager arrested on insider probe
A former star fund manager from BlackRock has been arrested on suspicion of insider trading. According to reports, Mark Lyttleton was arrested by the City of London Police last … [Read More...]
FTSE closes above 6600 for first time since late 2007
The FTSE 100 closed above the 6,600 mark for the first time since late 2007 on Friday. London's premier index closed Friday up by 32.2 points to finish the day at 6,625. Over … [Read More...]
BskyB shares slump by five percent on BT free football news
BSkyB's share price fell by 5.25% on Thursday following the news that BT is to offer free premier league football matches to its broadband users. Under the new deal, BT plans to … [Read More...]
Man Utd shares tumble as Sir Alex Ferguson retires
Shares in Manchester United Plc fell by as much as 4.5% in New York upon news of Sir Alex Ferguson's retirement. Sir Alex's retirement was announced while the US markets were … [Read More...]
UK’s richest man takes a $100m bite out of Apple
The UK's richest man Alisher Usmanov has reportedly invested $100 million in buying Apple shares in a belief that the current drop-offs represent a good time to buy. In an … [Read More...]
ISA fund investing falls by one billion pounds last year
Investing in funds as part of an ISA fell by over £1 billion during tax year 2012/2013 in comparison to the previous tax year. For the tax year just gone, ISA net sales were at … [Read More...]
FCA paper confirms fund supermarket commission ban; clear charges await
A Financial Conduct Authority (FCA) paper published on Friday confirmed that fund supermarkets and online platforms will be banned from receiving rebates (commission) from fund … [Read More...]
UK dividends fall by a quarter in first three months of 2013
Dividends paid out by UK-listed companies fell by nearly a quarter during the first quarter of 2013, Capita Registrars Dividend Monitor has revealed. First quarter dividends … [Read More...]
Fund managers favour US equities in 2013
Fund managers are predicting that US equities will be the star performers of 2013, new research from Fidelity Personal Investing has shown. The research was conducted with 13 fund … [Read More...]
