Hurricane Energy gets storming oil drill results off Shetland Islands September 15, 2014 British oil and gas explorer Hurricane Energy revealed yesterday that production from one of its projects off the Shetland Islands could be around double previous expectations following testing. The Aim-listed oil and gas explorer updated its estimates following test drilling on its Lancaster oil project to the west of the Shetlands. Hurricane revealed that it [...]
City Moves for 16 September 2014 | Who’s switching jobs September 15, 2014 Universities Superannuation Scheme The defined benefit pension scheme has appointed Jennifer Halliday as chief financial officer. She joins from Quaker Chemical Corporation, where she was global finance director. Halliday has also held senior roles at Vanguard, FMC Corporation, and Cheadle Royal Hospital. Lloyds Bank Commercial Banking Mark Burton has been appointed regional managing director of [...]
Best of the Brokers for 16 September 2014 September 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Numis has upgraded to “hold” from “reduce”, but cut the target price to 2,496p from 2,572p. The broker has slightly reduced forecasts, but still believes positives include the growth record of Primark, a strong balance sheet, and lack of major [...]
London Report: Energy firms drag down FTSE on China and Russia concerns September 15, 2014 ENERGY shares capped the FTSE 100 yesterday, hit by the combination of slowing economic growth in China, the world’s top energy consumer, and new sanctions against Russia. They offset a boost from mergers and acquisitions speculation in the beverages sector, which saw shares in SABMiller up 9.8 per cent on the back of a report [...]
New York Report: Nasdaq down as techs slide September 15, 2014 US STOCKS closed mixed yesterday, as the tech sector dragged the Nasdaq down and kept the S&P 500 near the unchanged mark while investors cleared the decks for Chinese giant Alibaba’s debut planned for later this week. The Dow Jones industrial average gained 43.63 points, or 0.26 per cent, to 17,031.14, the S&P 500 lost [...]
Alibaba IPO: Share price range increase as e-commerce firm nears listing September 15, 2014 Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week. The Chinese e-commerce giant had expected to sell around 320.1m shares at a price between $60 and $66 each, yet in a filing with the Securities and Exchange Commission, the company announced [...]
Contactless Tube payment: Just the latest advance in the UK banking revolution September 15, 2014 You could be forgiven for thinking that London’s trams might be an unlikely place to find cutting edge technology. But from today, this iconic and characterful mode of public transport – along with our more conventional Tube stations and buses – are offering technology that allows you to pay your way with just a flash [...]
Apple creates U2 album removal page following backlash September 15, 2014 Apple have set up a new web page detailing how you can remove U2's Songs Of Innocence from your iTunes account. The new U2 album automatically appeared on 500m iTunes users' accounts around the world for free last week, but arrived with little warning. Apple described the album as a "treat" to their users but [...]
Apple iPhone 6 and iPhone 6 Plus sales: Pre-orders hit 4m mark on first day September 15, 2014 Over 4 million pre-orders were made for the iPhone 6 and iPhone 6 Plus within the first 24 hours of being available, Apple has revealed. The unprecedented demand has exceeded the tech giant's initial pre-order supply, meaning many customers will have to wait even longer to get their hands on their new phones. [...]
Cheetah robot can run and jump just like a big cat based on new algorithm September 15, 2014 Not content with creating a robot able to fold itself up like origami, or the human-like Baxter which can farm in space, scientists have made a robot that is able to run and jump just like a cheetah. MIT researchers have created an algorithm which mimics the movements of the big cat and programmed it [...]