Cam’s many T-shirt tantrums October 27, 2014 POOR David Cameron had to defend himself more than once yesterday. There was his run-in with a protester in Leeds, who turned out to be a jogger accidentally running into the PM. All that on the back of his T-shirt tussle with Elle magazine. Cameron’s refusal (or five reported refusals) to wear the Fawcett Society [...]
Google‘s Mysterious New Zealand kitty cat October 27, 2014 JUST as you can get away with editing the odd Wikipedia page for your own entertainment, someone has discovered you can do the same with Google maps. This cat was drawn onto a map of Hobson Bay, New Zealand and baffled Google when discovered. “We were aware that cats were trying to take over YouTube, [...]
Institutions join club to push for long term vision October 27, 2014 A DOZEN investment industry heavyweights yesterday promised to band together to promote a long-term approach to business in the companies in which they invest. Creating the Investor Forum was one of the recommendations made by Professor John Kay in his review of the equities markets two years ago. It is the latest step in a series of [...]
Eurozone’s latest bond buying gambit gets off to a slow start October 27, 2014 THE EUROPEAN Central Bank (ECB) bought €1.7bn (£1.34bn) worth of bonds last week as it began its new purchase programme, data published yesterday reveals. The rate of purchases is slow. It would take at least six years for the ECB’s balance sheet to reach the size it was during 2012 – a target ECB president Mario [...]
London’s top tech advocate October 27, 2014 Universities are not producing the graduates needed for London’s booming tech sector. While that’s not a new problem, it is the number one issue affecting businesses in the capital, according to a private sector-led group of 1,000 so-called Tech London Advocates – including BT boss Gavin Patterson, Facebook’s EMEA vice president Nicola Mendelsohn and Lastminute.com [...]
More $1bn startups bypass the US October 27, 2014 SILICON Valley’s stranglehold of creating leading software businesses is weakening as less than 40 per cent of the 134 software companies reaching a billion-dollar valuation over the past 10 years have come from the legendary tech hub. New research, created by London-based venture capital firm Atomico, led by Skype co-founder Niklas Zennstrom, found that 82 [...]
Insurers refuse to cover new Range Rovers October 27, 2014 INSURERS are refusing to cover new Range Rovers in London after a spate of thefts of the high-end cars. Underwriters are wary of insuring the models, which cost around £100,000, unless they are parked securely and have tracking devices. Thieves have reportedly cloned keys, or used equipment to tap into the onboard diagnostic systems, to [...]
Mike Ashley to make £2m loan to Rangers FC October 27, 2014 RANGERS chief executive Graham Wallace has resigned after less than a year in the role, as the Scottish football club accepted a £2m loan from Newcastle owner Mike Ashley. In a statement issued yesterday, Rangers’ board thanked Wallace for “his contribution to the club during a difficult period”. Wallace was appointed chief executive in November [...]
Banks place leftover Mothercare shares to take haul to £100m October 27, 2014 RETAILER Mothercare raised a further slug of cash to boost its digital expansion yesterday after banks placed the leftover shares from its rights issue. The babycare specialist launched a fundraising last month to help it add a stronger online presence to its bricks-and-mortar offering. Banks underwriting the offering – Numis Securities, JP Morgan Cazenove and [...]
Condor in £6m deal with IFC October 27, 2014 MINING company Condor Gold has finalised the terms of an equity subscription agreement with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to raise approximately £3.51m. This completes Condor’s total fundraising of £6.41m, announced in September. The remaining £2.9m was raised through a share placing on Aim. Condor stated [...]