Royal Bank of Scotland share price dips after raising £85m through equity issue October 1, 2014 Royal Bank of Scotland's share price dipped in early trading this morning, after revealing it had raised £85m through a share issue. RBS' share price fell 0.5 per cent at pixel time today. The bank, which yesterday said it expected impairment charges to be significantly lower than expected, revealed it had alloted 23.8m [...]
Reddit raises $50m thanks to funding from Snoop Dogg, Jared Leto, Marc Andreessen and Peter Thiel October 1, 2014 Reddit has raised $50m in funding, with investors agreeing to allow 10 per cent of their equity to be distributed among the site's users. A Series B funding round led to high-profile figures such as rapper Snoop Dogg, Silicon Valley investor Marc Andreessen, PayPal founder Peter Thiel and Academy Award winner Jared Leto stump [...]
David Cameron fights for his future in face of Ukip defections at Conservative party conference September 30, 2014 David Cameron is under pressure to deliver the speech of his career today as the Tory leader bids to overcome the threat of further defections to Ukip and spur his party towards victory in May’s general election. Facing an electoral squeeze from Ukip and Labour, the Conservatives need to win over a significant number of [...]
Boris Johnson wields a brick and calls for more new London homes in Conservative party conference speech September 30, 2014 London mayor Boris Johnson gave a typically jovial speech at the Conservative party conference in Birmingham yesterday, bouncing around on stage holding a brick above his head while promising not to throw it at the audience. Johnson, who is hoping to win a seat in the House of Commons next year, spoke of how the [...]
Netflix’s film move has cinemas fuming September 30, 2014 BIG cinema chains in the US and Canada are to boycott Netflix’s first original feature film, a sequel to the martial arts movie Crouching Tiger, Hidden Dragon. The online streaming service announced it is to release the Weinstein Company’s follow-up to the Oscar-winning hit simultaneously on Netflix and in Imax theatres next summer. But the [...]
Stats show UK economy soaring to a record high September 30, 2014 THE ECONOMY hit its pre-crisis peak far earlier than previously thought, according to official figures published yesterday. British GDP surpassed its previous high midway through 2013, the Office for National Statistics (ONS) said – around a year earlier than its unrevised data had shown. Current GDP is 2.7 per cent above its 2008 peak. Meanwhile, [...]
Hong Kong protests: UK companies defiant in face of continued unrest September 30, 2014 UK companies are not putting restrictions on travel to Hong Kong, despite continuing protests in the city, according to market sources. Although several London-based banks declined to comment on the situation in the region, insiders said there were no immediate plans to follow the example of French cosmetics company L’Oreal, which yesterday banned all staff [...]
Chuka Umunna vows to get firms to put more ethnic minorities on boards September 30, 2014 Labour’s shadow business secretary Chuka Umunna yesterday promised to hold UK businesses to account over the number of senior black and ethnic minority staff they employ, most notably at board level. Pledging to introduce a Davies-style commission and report into why people from ethnic minorities make up just one in 15 senior management positions, Umunna [...]
Rents and house prices cool from summer boom September 30, 2014 THE PROPERTY market appears to be giving a glimmer of hope to prospective first-time buyers, with house price growth slowing in September and landlords saying they expect lower rent increases. Nationwide’s house price index, released yesterday, fell 0.2 per cent from August to September which knocks annual growth down to 9.4 per cent from 11 [...]
Apple share price rises even as EU claims Irish tax deal may have broken laws September 30, 2014 The European Union yesterday accused Ireland of breaking its EU tax laws by letting Apple shelter tens of billions of dollars worth of profits from revenue collectors in return for maintaining jobs. Europe’s Competition Commissioner Joaquin Almunia wrote to Dublin that tax deals agreed in 1991 and 2007 amounted to state aid and might have broken EU [...]