Snake on a phone: Nokia is resurrecting the 3310 February 15, 2017 Remember the early noughties? A simpler time, when phones had keypads and the internet was something you did at home? It looks like a little slice of that is coming back – after it emerged the company behind Nokia phones is planning to resurrect the humble Nokia 3310 at this month's Mobile World Congress in Barcelona. VentureBeat has [...]
EU negotiator Guy Verhofstadt says Sir Winston Churchill would have voted Remain February 15, 2017 The European Parliament's chief Brexit negotiator Guy Verhofstadt yesterday accused the Brexit movement of destroying Sir Winston Churchill's legacy. Verhofstadt told MEPs in Strasbourg that Churchill would have voted to Remain in last June's referendum. "In May 1947, in the Albert Hall in London Churchill, the British Bulldog, made it very clear what he wanted. And [...]
Electronic broker’s boss doesn’t know what is Nex after success of Trump rally February 15, 2017 Trumped-up earnings at Nex, the fancy new name of financial broker of Icap, were not enough to stop its share price from sliding over two per cent this morning. Group revenue was up 11 per cent in the three months to the end of December on a constant currency basis, meaning its nine month performance was [...]
Artificial Intelligence to reveal the biggest secret in oil February 15, 2017 The EIA is, and will continue to be, the gold standard for reporting U.S. oil inventories, and the administration’s weekly reports have the power to immediately swing crude oil prices depending on builds or draws in oil stocks. But while the U.S. is a transparently reporting country, other nations are not revealing oil stocks data, [...]
Vodafone’s Indian merger with Idea could net investment banks a tenth of total annual fees in the country February 15, 2017 A raft of major investment banks are circling Vodafone in an attempt to secure bumper returns from advising on the telecoms giant's £10bn Indian merger with Idea Cellular, according to reports. BoAML, UBS and Standard Chartered are understood to be fighting among themselves to secure the mandate, sources told Reuters. And lucrative advisory roles could net them [...]
Jack Dorsey gave Twitter a really expensive Valentine’s Day present February 15, 2017 Twitter founder Jack Dorsey celebrated Valentine's Day with a big confidence boost for the social network. Dorsey bought just over $7m (£5.6m) worth of Twitter stock – and of course, tweeted about it, using the romantic hashtag #LoveTwitter. #LoveTwitter https://t.co/fELbw0ska7 — jack (@jack) February 14, 2017 The Twitter boss, who also founded (and is, controversially, chief executive of) payments company [...]
Softbank buys US fund manager Fortress for $3.3bn in next step of strategic redirection February 15, 2017 Japanese group Softbank has agreed to buy US fund manager Fortress in a deal worth $3.3bn (£2.6bn), as part of the telecom and technology firm's strategic redirection. Announced overnight, the deal is the first by Softbank into an investment fund and follows the an announcement last October by chief executive and founder Masayoshi Son that the group has [...]
Fresh Tube strike chaos is on the cards after the RMT sets new walkout for next week February 15, 2017 London Underground drivers will be staging a fresh strike next week on parts of the Central Line, the Rail, Maritime and Transport (RMT) union announced today. Drivers will walk out from 9pm on Tuesday 21 February until 9pm Wednesday 22 February in industrial action that could also cause disruption to the Waterloo & City line. The [...]
French bank Natixis under investigation over disclosures made in 2007 February 15, 2017 French authorities are formally investigating lender Natixis in relation to statements it made in the run-up to the start of the financial crisis. "Natixis announces that it has today been placed under formal investigation in France, in the context of a magistrate led investigation process opened in 2010 relating to two announcements released in the second [...]
How do you raise funding if your tech startup is not based in London? February 15, 2017 | City Talk London, fintech and money. They're three amigos aren't they? A winning combo of location, sector and investment, affording the best exposure to startup capital and markets. Right? Not quite. Last year, more was invested in UK tech and fintech outside of London than anywhere else in Europe. And thousands of tech firms are finding competitive funding and startup costs outside the [...]