When will the Scottish independence referendum vote be announced? Declaration times for local government areas September 18, 2014 Scots started going to the polls to vote on secession from 7am this morning – but they will have to wait 24 hours to hear the final result of the vote. How will it work? We all know how vote-counting goes at a general election – but an independence vote like this is unprecedented in [...]
Petra Diamonds share price rises profits jump 68pc September 18, 2014 A bit of good news for Petra Diamonds investors, who showed their disappointment earlier this week when the company failed to raise the price it expected for a rare 122.52-carat blue diamond. The company's shares opened 0.3 per cent lower on Tuesday morning after the gem raised just $28m (£16.9m) at auction, rather than the [...]
Scottish independence referendum: Barack Obama urges Scots to vote No September 18, 2014 US President Barack Obama has urged Scots to vote No and preserve the Union in the Scottish Independence Referendum. With just hours to go until polling stations open, Obama took to Twitter to express his hope that Scotland remains with the UK. Obama described the UK as “a force for good in an [...]
Alibaba announces share price as it gears up for biggest IPO in history September 18, 2014 Tomorrow morning Alibaba will list on the New York Stock Exchange, in what could prove to be the biggest IPO in history. The Chinese e-commerce company has valued its shares at between $66 and $68 – an increased range that would give it a valuation of around $165bn at the midpoint. Analysts believe it [...]
Sony share price plummets on profit warning September 18, 2014 Shares in Sony fell by 12 per cent to ¥ 1,865.5 (£10.50) at the start of trading in Tokyo last night, following the release of a profit warning by the consumer electronics giant. It said that losses for the year ending March 2015 could reach as high as £1.32bn, which is four times bigger [...]
Scottish independence: Gordon Brown’s battle speech puts referendum polls on a knife edge September 17, 2014 Gordon Brown gave a roaring speech in Glasgow yesterday, urging Scottish voters to cast their ballots in favour of the union when polling stations open this morning. The battle speech came as polls showed the outcome of the referendum remains on a knife-edge. Calling on Scots not to be swayed by accusations that [...]
Chuka Umunna on Scottish independence vote: Businesses threatened with financial hit for backing No September 17, 2014 Businesses in Scotland have been threatened with dire financial consequences if they openly back the No campaign during the Scottish referendum, Labour’s shadow business secretary exclusively told City A.M. yesterday. A number of businesses north of the border have been told by Yes campaigners that they will suffer a financial hit if they publically side [...]
Scottish independence: City’s Boisdale restaurant wants Salmond smoked September 17, 2014 The City’s well-known Scottish restaurant Boisdale is expected to pack out tonight with punters glued to the big screens and the private dining room full of Better Together backers. Managing director Ranald Macdonald was a firm No campaigner and predicted a 55 per cent win to his side. He said despite the passion involved in [...]
How will Scotland vote in the independence referendum? Banker warns of deposit flight if result is Yes September 17, 2014 A former deputy governor of the Bank of England yesterday warned there might be a “deposit flight” if Scotland votes Yes in today’s independence referendum. Sir John Gieve, deputy governor for financial stability at the Bank between 2006 and 2009, told City A.M. that although he was not “expecting a Northern Rock-style run on the [...]
PwC opens talks with operators over Phones 4u September 17, 2014 SUITORS picked through the remains of collapsed high street mobile retailer Phones 4u yesterday as administrator PwC entered negotiations with mobile operators and other interested parties over acquiring all or part of the business. PwC is understood to be looking to reach a deal within a 48-hour window that closes before the end of the [...]