London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Breakthrough series sets up England hero for bumper windfall January 9, 2011 ENGLAND hero Alastair Cook’s record-breaking Ashes displays have hugely boosted his earning potential, with sports marketing experts predicting “the sky is the limit” for a man dubbed the “sponsor’s dream”. The Essex opener arrived in Australia desperately struggling for form and fighting to keep his place in the team, but plundered three centuries and a [...]
LinkedIn eyes public listing plan for 2011 January 6, 2011 LINKEDIN, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, according to sources familiar with the situation. Morgan Stanley, Bank of America and JPMorgan are among the book runners. Bankers made their pitches to the privately-held company in November. “An IPO is just one of many [...]
ENRC advised by PwC on UK tax move January 6, 2011 ENRC, the mining group partly-owned by the Kazakh government and listed on the FTSE, has been advised that by relocating to Switzerland it could save itself £20m a year in tax. According to SkyNews, the group was given the advice by its auditors PricewaterhouseCoopers several months ago but the matter has not been considered at [...]
Dallaglio pride at Abu Dhabi switch January 5, 2011 WASPS legend Lawrence Dallaglio has hailed “history in the making” after the club confirmed a groundbreaking move to play this month’s LV= Cup match with Harlequins in Abu Dhabi. The fixture on Sunday 30 January is the first competitive domestic game between English sides to be played overseas, and will be staged at a purpose-built [...]
What the other papers say this morning January 5, 2011 FINANCIAL TIMES HEDGE FUNDS BET ON REVIVAL OF FORTUNES After one of their most disappointing years, hedge fund managers are hoping for a better 2011 with less macro economic volatility and more corporate events to bet on, such as takeovers. As of the end of November, the average hedge fund had returned just over 7 [...]
What the other papers say this morning January 4, 2011 FINANCIAL TIMES BOND SURGE ON BOTH SIDES OF THE ATLANTIC AS COMPANIES VIE FOR FUNDS Companies have embarked on an early-year rush to issue debt in an effort to beat rivals and secure financing before any rise in borrowing costs.The surge in bond issuance on both sides of the Atlantic on Tuesday came as equity [...]
Facebook value jumps to $50bn January 3, 2011 GOLDMAN Sachs has given social networking site Facebook an unprecedented vote of confidence by investing $450m (£291m) in the company at an astounding valuation of $50bn. The amount represents a fivefold increase from a valuation just two years ago of $10bn. In addition to Goldman’s investment, the Russian firm Digital Sky Technologies, which invested $200m for two [...]
Market for private tech firms soars January 3, 2011 A GROWING and largely unregulated market in privately owned shares has sprung up as technology firms continue to rise in value exponentially. Investors are clamouring to own a stake in the next major internet firm before they are publically traded, driving the biggest surge in demand for privately-owned tech companies since the dotcom boom. Facebook [...]
Buying up tech for a quick buck January 3, 2011 GOLDMAN Sachs and Digital Sky Technologies have shocked the investment world by swallowing a $50bn valuation for social networking site Facebook. But few were immediately prepared to dispute the price tag with Wall Street’s most prestigious investment bank: broken down per user, it doesn’t sound quite so outrageous, at $100 a head. After all, no [...]
Spread betting vs. contracts for difference January 3, 2011 THE new year is underfoot, and with European sovereign debt still looking problematic, Chinese inflation sky high and the Federal Reserve still emptying a bathtub of money onto the world, it is looking to be at least as interesting a year as 2010. For ordinary investors, volatility is not very much fun. Most people are [...]