Twitter’s share price takes flight on buyout rumours August 3, 2016 Shares in micro-blogging site Twitter have jumped today on rumours former Microsoft boss Steve Ballmer and Saudi investor Prince Al-Waleed Bin-Talal could make a buyout offer for the company. Shares are up by over eight per cent in New York, climbing to $17.72 after falling as low as $15.77 in July. Twitter shares hit an all time low of [...]
Here’s how much Sir Philip Green’s BHS pension bill has risen due to Brexit August 3, 2016 Sir Philip Green recently described negotiations with The Pensions Regulator (TPR) over plugging BHS' pension deficit as "cumbersome and slow" – after the Brexit vote, an agreement will also be expensive. After the Brexit vote, falling yields have led to the aggregate deficit of pensions schemes in the Pension Protection Fund (PPF) rising by more than 18 per cent since the BHS [...]
Major fine wine marketplace Liv-ex traded the first box of English sparkling wine from Nyetimber this week August 3, 2016 The first bottles of English sparkling wine joined the major fine wine marketplace Liv-ex this week. On Monday, a six-bottle case of the Sussex-based Nyetimber's 2010 vintage Classic Cuvee traded for £120 in bond. This represented a wholesale price of £20 a bottle, without tax. Read more: How Nyetimber put English wines on the map French wines [...]
Here’s everything you need to know about the Samsung Galaxy Note 7 August 3, 2016 Announced earlier this week, Samsung’s Galaxy Note 7 is a big old betsy of a phablet, a 5.7-inch monsterphone that brings the super-powered performance of its existing S7 Edge device to its Note range. The Android powerhouse that giant-handed fans have been waiting all year for – and the biggest rival to Apple’s iPhone – [...]
Office Depot to close stores and cut costs after its Staples tie-up failure August 3, 2016 US stationery supplier Office Depot is planning to close a further 300 stores over the next three years to help cut costs by $250m (£187m). The announcement came as the company posted profit of $210m, or 38 cents a share for its second quarter, from a loss of $58m in the same period a year ago. [...]
EDF chief knew government wanted to delay Hinkley decision August 3, 2016 The head of EDF knew the British government would push back its final decision on the controversial Hinkley Point C nuclear power plant. EDF has previously said it understood why Whitehall needed a "little time" to consider the project. Read more: How seven City types reacted to the Hinkley Point decision Directors told the Financial [...]
Property of the week: The Fitzrovia apartment where Friends star Matthew Perry stayed while he performed in the West End is on sale August 3, 2016 Just one of the terraces in this enormous penthouse where Friends star Matthew Perry lived is bigger than the average family home being built in the UK. Measuring in at over 1,000sqft, the eighth floor roof terrace is the jewel in the crown of the apartment complex that Perry, who played sarcastic New Yorker Chandler [...]
This veteran entrepreneur is a step closer to mining gold in Ireland August 3, 2016 There could be a pot of gold at the end of the rainbow for serial entrepreneur John Teeling. Connemara Mining, the Aim-listed firm which Teeling chairs, said today that it's found multiple veins of gold running through rocks at a high grading of 5.84 grams per tonne. It comes after a similar find last month. John Teeling told City [...]
Aim-listed Science in Sport’s share price up almost a quarter on nutrition agreement with USA Cycling August 3, 2016 Aim-listed Science in Sport's share price popped 24 per cent today on the news it will become the official fitness nutrition suppler to USA Cycling. The cycling organisation, which is the governing body for all disciplines of competitive cycling in the US, has signed a supply agreement running until 31 December 2017. Science in Sport recently [...]
Prime central London house prices have fallen by 1.5 per cent year-on-year August 3, 2016 Prime central London house prices have fallen by 1.5 per cent year-on-year in July, according to estate agent Knight Frank. A report on home sales from the company showed Brexit has triggered sellers to make "overdue reductions" to the asking price of their properties. Knight Frank said: "It is too soon to say what impact Brexit will have on pricing [...]