Are all virtual currencies in danger as China cracks down on Bitcoin? December 6, 2013 The founder of virtual currency Peercoin, Sunny King has warned the he does not rule out the possibility of governments banning virtual currencies. His comments follow Chinese authorities' recent crackdown on the use of Bitcoin by financial institutions. Speaking to CNBC on Friday, King said: I wouldn't eliminate possibilities that they [China's authorities] issue a [...]
Sales of Nelson Mandela’s memoirs are up by nearly 15,000pc as the world remembers South Africa’s greatest leader December 6, 2013 After the passing of South Africa's first black President, sales of his autobiography are soaring on Amazon UK. His works occupy all of the top three spots on the site's "Movers and Shakers" index. Nelson Mandela passed away on 5 December at his Johannesburg home, where he had been receiving intensive medical care for a [...]
What people are saying around the world after the passing of Nelson Mandela December 6, 2013 Jacob Zuma, President of South Africa My fellow South Africans, our beloved Nelson Rolihlahla Mandela, the founding president of our democratic nation has departed. He passed on peacefully in the company of his family around 20.50 on December 5 2013. He is now resting. He is now at peace. Our nation has lost its greatest [...]
Domino’s CEO resigns for new role in private equity backed firm December 6, 2013 The chief executive of Domino's Pizza Group, Lance Batchelor has resigned and will be leaving for a new job from 30 April 2014. Chairman of Domino's Pizza Group, Stephen Hemsley commented: Lance has been offered a new role in a significant private equity backed company and as a result has tendered his resignation. His new [...]
What you need to know before the open – 06/12 December 6, 2013 US markets finished lower for the fifth day in a row yesterday, as data came in ahead of expectations and investors await nonfarm payrolls later today. The surprise rise in US third quarter GDP, to 3.6 per cent, was well above forecasts. In Friday trading, Asian markets fell on the news. Better-than-expected data are fuelling [...]
Lloyds sells distressed Irish mortgages to US private equity affiliate December 6, 2013 Lloyds Banking Group announced on Friday that it will be selling a portfolio of non-performing Irish retail mortgages for £257m. The portfolio worth £610m, will be sold to Tanger Limited, an affiliate of US private equity company Apollo Global Management. The portfolio performed poorly last year generating losses of £33m for the year to 31 [...]
Amazon floats plan to use drones to deliver packages December 6, 2013 AMAZON is preparing to make next-day delivery obsolete by using unmanned aerial vehicles, or drones, in an audacious plan to introduce 30-minute home delivery. The online retailer hopes to revolutionise online shopping by delivering directly from its warehouses to customers’ homes using autonomous drones that can carry small packages weighing up to five pounds (2.3kg). [...]
Family homes with a modern twist December 5, 2013 Townhouses are standing tall next to the increasing numbers of towers that are dominating the skyline TOWNHOUSES were once the reserve of London’s nobility, standing tall around the boundaries of the City of London. But as the population rose, so did residential buildings and now it’s not unusual to live 10 or 20 storeys above [...]
WWII victory site converted into new flats December 5, 2013 The 18th century former RAF mansion goes on sale as four luxury apartments A MANSION that served as the RAF’s headquarters during the Battle of Britain has been converted into luxury family homes that pay homage to its illustrious past. Bentley Priory Mansion House in Stanmore, north west London, overlooks vast lawns where two replicas [...]
If you needed more evidence that Osborne’s Autumn Statement was a disappointment, here it is December 5, 2013 We've said that Osborne's Autumn Statement really isn't today's big event. Now US GDP numbers that show the UK is no longer the rich world's fastest growing economy have proven that point. You can see what markets think of the two events in the yields of UK 10 year government bonds – which imply the [...]