Here’s the windfall City advisers are in for from the ARM Softbank mega-deal August 3, 2016 A handful of top City firms will land a windfall share of the multi-million pound pot of cash being splashed on advisers to one of the biggest tech deals of the year. More than £100m is being spent on advisers to Softbank's acquisition of ARM in a £24.3bn mega-deal agreed in June. Big name banks such as Goldman Sachs and Lazard are [...]
Bank shares across Europe have opened steadily after HSBC results August 3, 2016 European banks have stopped the rot after two days of dramatic selling across the continent, as a share buyback at HSBC helped buoy investor sentiment. The UK's largest listed lender reported a steeper-than-expected 29 per cent fall in profits, but intends to snap up around $2.5bn (£1.9bn) of its own shares and maintain its dividend. [...]
Ruh-rob: Bitcoin price plummeted 20 per cent last night after a major exchange was hacked August 3, 2016 The value of bitcoin fell sharply last night after a major exchange halted trading, saying it had uncovered a security breach. Bitcoin fell as low as $483.10, after Hong Kong-based Bitfinex said some of its users had had their bitcoins stolen. In a statement it said the theft had been reported to the police. Read [...]
Bookies have cut the odds on a Clinton presidency after Obama branded Trump “unfit” to be President August 3, 2016 Bookmakers have cut the odds of a Hillary Clinton presidency after Barack Obama branded Donald Trump “unfit” to be President. Obama blasted Trump at a press conference yesterday, saying that the billionaire is “woefully underprepared” to take on the Oval Office. Asked specifically about Trump's comments in relation to the family of slain American muslim [...]
MoneySupermarket.com chief executive checks out on a high with profits jump August 3, 2016 Profits have leapt at price comparison website MoneySupermarket.com in the first half of the year, but shares dropped at the open as its chief executive announced his intention to step down from the company. The results Profits before tax came in at £47.1m in the first six months of the year for the website, up [...]
Commuters face fresh Southern misery as union ballots members on new strikes August 3, 2016 Southern Rail travellers face fresh commute misery in September after a rail union announced plans to ballot staff over a potential strike. The Transport Salaried Staffs' Association will poll 150 station staff members over Southern railway plans to close ticket offices and cut staffing numbers. 34 offices are set to close, while 49 will only [...]
UK’s Brexit vote expected to have global impact with fall in M&A deals August 3, 2016 The UK’s Brexit vote is expected to hit global mergers and acquisitions (M&A) activity, a new study has found. Seven in 10 global dealmakers believe that while it remains uncertain when and how the UK will leave the EU, the number of global transactions will fall overall. And 67 per cent believe that Britain leaving the [...]
No sign of Brexit fallout at retailer Next – but prices will have to rise next year August 3, 2016 Shares in Next have popped at the open after it said it was yet to see signs the UK's vote for Brexit was weighing on consumer spending in its stores, but warned prices look set to rise in 2017 after sterling's dramatic depreciation. The business, which is seen as a bellwether for the health of the [...]