Forex broker Oanda targets data and payments expansion September 25, 2016 US-based foreign exchange broker Oanda is making a push in to data and payments services. The business traditionally makes the majority of its revenue from trading but it’s expecting a significant proportion of its revenue could eventually come from data and payments. “I don’t think of our platform as a trading platform, I think of [...]
Credit Suisse banker to found independent advisory firm September 25, 2016 One of the top European bankers at Credit Suisse is quitting the bank to launch his own advisory firm. Sebastian Grigg, a vice-chairman at Credit Suisse’s investment bank, resigned from his post late last week. Grigg’s ESG Corporate Finance will advise UK companies on mergers, takeovers and capital-raising, it was first reported by Sky News. [...]
Telefonica calls up bankers for O2 market float September 25, 2016 Telefonica, the Spanish owner of mobile network O2, has stepped up plans to float the business in London. It’s appointed a top team of investment bankers, with Barclays leading the deal. UBS and Morgan Stanley will also be working to sell O2 to investors, with a fourth bank expected to be named in shortly. Read [...]
Teleco Ericsson plans wave of global job cuts September 22, 2016 Telecoms equipment maker Ericsson has said its home operations in Sweden will not be immune from coming job cuts. The announcement throws in to doubt the future of Ericsson’s equipment production in the country, where it has made telegraph and telephony equipment for over 140 years. Fierce competition and slowing global demand forced the company to [...]
Samsung must now x-ray batteries for its Note 7 phone in South Korea September 22, 2016 South Korean technology giant Samsung has been told it needs to x-ray new batteries for its Note 7 phone to make sure they’re safe. The Korean Agency for Technology and Standards made the order as Samsung prepares to resume sales of the smartphone. Samsung, the world’s biggest smartphone maker, announced a global recall of at least [...]
Serco lands £600m contract with Barts Health NHS Trust in London September 22, 2016 Shares in outsourcing company Serco popped yesterday after it said it had been named as the prefered bidder for a whopping £600m contract with Barts Health in London. Shares leapt by almost two per cent on the announcement – the largest deal the company has won since 2014 – and ended trading yesterday up by [...]
Yahoo hack hit 500m user accounts – putting pressure on its Verizon deal September 22, 2016 Internet company Yahoo has revealed a massive data breach that compromised as many as 500m of its users' personal details. Yahoo said it believes the hack – which happened in 2014 – was carried out by a state-sponsored actor. No financial information is thought to have been compromised. Read more: Will Yahoo ever be a verb? Account information, including names, [...]
Before the bell: What you need to know before the US market open September 22, 2016 A divided Federal Reserve has voted to leave interest rates on hold, queuing up a hike before the end of 2016 and markets couldn't be happier. Here's what you need to know before the US market open at 2:30pm London time. Markets climbed yesterday following the Fed announcement and Janet Yellen's frank press conference. The S&P is [...]
No respite for ISPs as one in four customers say they’re willing to switch broadband provider this year September 22, 2016 Competition in the broadband market is showing no signs of slowing, despite the regulator complaining customers could be finding switching too difficult. According to new study from big four accountant EY as many as one in four broadband customers are willing to switch provider this year. That's up from just over one in five (21 per cent) in [...]
Postal Savings Bank of China in world’s biggest IPO in two years September 21, 2016 China's sixth-largest lender by assets has raised $7.4bn (£5.6bn) in the world’s biggest initial public offering since Chinese ecommerce retailer Alibaba’s 2014 float. The state-owned Postal Savings Bank of China (PSBC) was priced at the lower end of expectations in Hong Kong and was heavily reliant on cornerstone investors – big buyers that get priority [...]
