Google focuses on wearable tech March 10, 2014 Google is set to release an Android-based software development kit for wearable devices, its Android chief Sundar Pichai said yesterday while speaking at the South by Southwest Interactive conference in Texas. “In two weeks we are launching the first developer SDK for Android,” Pichai said. “That will lay out the vision for developers in how [...]
Japan economy growing slowly March 10, 2014 Japan’s economy grew 0.2 per cent in October-December from the previous quarter, government data showed today, revised down from a preliminary 0.3 per cent expansion due to slower growth in capital spending and private consumption. The result compared with the median forecast from economists for a 0.3 per cent expansion. The revised GDP figure means [...]
What the other papers say this morning – 10 March 2014 March 10, 2014 FINANCIAL TIMES Spotify’s credit line hints at IPO Spotify has secured a $200m credit facility from lenders including Morgan Stanley, bringing the Swedish music company a step closer to a potential initial public offering in the US, according to people close to the deal. The Stockholm start-up, which last year sold equity that implied a [...]
Investors in last minute dash to grab Poundland March 10, 2014 BUDGET chain Poundland will close the books on its forthcoming London float tomorrow night, with a late surge in demand meaning the offer could end up 10 times oversubscribed. The high street store has so far seen solid demand from institutional investors keen to buy shares, helping back an early decision by the firm not [...]
Bank of England warned about the risks of forward guidance March 10, 2014 THE BANK of England’s forward guidance policy could encourage investors to take too much risk, Bank for International Settlements (BIS) economists have warned. A report by Andrew Filardo and Boris Hoffman from the Swiss-based bank said the monetary policy, practised in the UK, Europe, US and Japan, leads investors to believe they will know about [...]
BBC calls for an inflation link to its licence fee March 10, 2014 THE BBC is calling for its licence fee to be linked to inflation as the corporation considers the template for its future funding. A review led by John Tate, the BBC’s former head of strategy, looked at how it could be funded in 2020 – three years after the next round of funding talks with [...]
Interpol looks for answers on missing plane March 10, 2014 INTERPOL was yesterday trying to establish the identities of at least two passengers on the missing Malaysia Airlines flight who were travelling on stolen passports. While the police agency said it was too soon to draw conclusions, it said the use of stolen passports was “clearly of great concern”. The passports, belonging to an Italian [...]
Clegg: I will lead Lib Dems no matter what happens in 2015 March 10, 2014 LIBERAL Democrat leader Nick Clegg will stay on as head of the party no matter what happens in the 2015 general election, his spokesperson has confirmed. A suggestion that the Deputy Prime Minister would step down if he failed to keep the Lib Dems in government was quashed yesterday, after Clegg gave a speech to [...]
Cameron pledges £45m to fund research into internet of things March 10, 2014 DAVID Cameron pledged yesterday to invest an further £45m on research into new technology that will allow electricity meters to communicate with the grid and water pipes to alert households when there is a fall in pressure. Opening a technology trade fair in Hanover with German chancellor Angela Merkel, the Prime Minister said the UK [...]
Moonpig owner is set for £500m listing in London March 10, 2014 PHOTOBOX is preparing for a London Stock Market listing that could value the photo printing group at up to £500m, after the £1.6bn flotation of online retailer AO World and upcoming flotation of Pets at Home whetted investors’ appetites for London retail stocks. The firm, which sells personalised t-shirts, mugs and cards as well as [...]