Quindell’s stock surges as it extends Slater & Gordon talks February 23, 2015 STOCK in the beleaguered insurance outsourcer Quindell surged 26 per cent in trading yesterday, after the company said it had extended the exclusivity period for talks with Slater & Gordon over the sale of its professional services division. The news was aimed at dampening market speculation that negotiations with the Australian law firm had come [...]
Apple helps Nasdaq to a healthy rise – New York Report February 23, 2015 THE Nasdaq ended higher yesterday for a ninth straight day following gains in Apple, while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares. The Nasdaq’s winning run was its longest since September 2010, putting the index closer to its 5,132.52 all-time intraday high, reached in [...]
The staggering figures behind Apple’s €1.7bn investment in Europe February 23, 2015 Shares in Apple rose 1.7 per cent today, after it announced plans to invest €1.7bn (£1.2bn) on two massive data centres in Europe. With a combined floor space of 332,000 sq m (that's just under two Wembley Stadiums, fact fans) the two data centres – one in Athenry, Ireland, and one in Viborg, Denmark – [...]
HSBC share price closes 4.6 per cent lower after full-year profits tank due to “challenging year” February 23, 2015 HSBC ended the day with its shares at 577p, 4.6 per cent lower than Friday's closing price. Having announced that profits fell 17 per cent during 2014, it admitted its US arm had also been subpoenaed by the US Commodity Futures Trading Commission. The CFTC said wanted to see documents relating to its precious metals [...]
Quindell share price leaps as it extends talks with Slater & Gordon over sale of legal services arm February 23, 2015 Shares in insurance outsourcer Quindell opened a staggering 27 per cent higher this morning, after it revealed it was in extended talks with Slater & Gordon over the sale of its professional service division, which will dampen market speculation that the talks had hit a wall. Quindell has assured investors that the offer would still "imply [...]
Morrisons’ hunt for a new chief moves closer to check-out with ex-Tesco boss David Potts in pole position February 22, 2015 Morrisons is close to announcing the appointment of a new chief executive, with former Tesco executive David Potts said to be in pole position for the job. The Bradford-based supermarket group is expected to make an announcement within weeks after last month ousting Dalton Philips, who failed to revive its fortunes. Potts was Tesco’s longest [...]
Apple faces poaching suit February 19, 2015 Electric car battery maker A123 Systems has launched legal action against Apple, alleging that it had poached its engineers to build a large-scale battery division. Analysts believe Apple is looking to design an electric car of its own. A123 is a pioneering industrial lithium-ion battery maker, backed by a $249m (£169m) US federal grant. It [...]
Grocery price inflation hits four-year low February 19, 2015 PRICE inflation for everyday items across Europe has hit its lowest level since 2010 after falling for a fifth quarter in a row, according to figures released today. Sales of fast moving consumer goods (FMCG), which includes everything from toiletries to fizzy drinks, rose 3.1 per cent year-on-year in the fourth quarter of 2014. This [...]
Can you believe it? Rexam share price jumps as board recommends takeover offer by Ball Corp February 19, 2015 The board of Rexam – supplier of quality can to the like of Red Bull and Carlsberg – has recommended a takeover by US rival Ball Corp. The offer comprises 407p in cash and 0.04568 of a new share in Ball, representing in aggregate 628p per Rexam ordinary share. It's thought to value Rexam at [...]
Centrica share price dives as it cuts dividend by 30pc after £1bn net loss February 19, 2015 The figures Share in Centrica fell eight per cent after it was left reeling from the double hit of a warm year and falling oil prices. The company has been forced to write down the value of its oil and gas assets and has decided to cut its dividend by 30 per cent, while making [...]