DFS IPO: Shares priced towards bottom of range March 6, 2015 There are plenty of gags about the DFS sale (Q: what are the three things that would survive a nuclear war? A: Cockroaches, termites, the DFS sale), but it looks like that's extending into its IPO. The furniture retailer priced its shares at a bargain 255p today ahead of its IPO. That's towards the bottom [...]
The cloud solution with a difference (because it only contains shrimp) March 5, 2015 Ordinarily, "cloud computing" is a phrase that turns even the most seasoned IT nerd off – but a new Kickstarter campaign is a cloud with a difference: it's full of shrimp. Yep, The Shrimp Cloud is exactly what it sounds like: a terabyte of two million prawn pictures you can access "anywhere, anytime and on [...]
World Book Day 2015: Four classic business books you should read now March 5, 2015 It's World Book Day – and although the nation's children are traipsing into school dressed as Harry Potter, the BFG, etc, it also provides grown-ups with an opportunity to stock up their bookshelf with some of business' most inspiring reads. When it comes to business, we all need advice sometimes – here are the classic [...]
Euro falls again ahead of European Central Bank meeting March 5, 2015 The euro fell to a fresh 11-year low against the dollar as markets awaited the outcome of a meeting by the European Central Bank (ECB) in Cyprus which will, they hope, give more clarity on bank boss Mario Draghi's plans for a €60bn-a-month quantitative easing programme. The currency dipped 0.3 per cent to $1.1045 this [...]
Pharma drama: AbbVie buys Pharmacyclics for $21bn March 5, 2015 Pharma M&A in the UK might have turned into a year-long farce, but across the pond it's kicked off 2015 on a positive note, after it was revealed last night that drugs giant AbbVie had agreed to acquire Pharmacyclics for $21bn (£14bn). It was reported that AbbVie had gazumped Johnson & Johnson, which was said [...]
Euro edges closer to $1.10 mark as investors await more details on quantitative easing March 4, 2015 The euro edged closer towards the $1.10 psychological barrier in early afternoon trading, falling 0.8 per cent to $1.1086 as investors awaited further details of the European Central Bank's (EBC) €1.2 trillion (£870bn) quantitative easing programme. The currency crashed through its previous 11-year low of $1.1098, which it hit in earlier this year. ECB chief [...]
Chelsea FC partner’s offices raided by the police, 13 arrested March 4, 2015 Forex trading firm CWM FX had its London offices raided by the police’s fraud squad yesterday, resulting in 13 people being arrested. City of London police confirmed that 13 workers – 10 men and three women – were arrested on suspicion of fraud by false representation, conspiracy to defraud, and money laundering. All have [...]
Richard Gillingwater steps down from Morrisons board March 4, 2015 SSE chairman-to-be Richard Gillingwater has decided to step down from the board of Morrisons, the supermarket announced today. Gillinwater, who was appointed to the board just two years ago, will step down from the post at the next annual general meeting in June. Today, he alluded to the supermarket's recent struggles to compete with discounters. [...]
Profits fall again at Abercrombie & Fitch March 4, 2015 The figures It turns out sex doesn't necessarily sell. Figures posted today show profits at the clothing retailer, known for its preppy style and beautiful, often scantily-clad staff, fell by nearly a third to $44m, or 63 cents per diluted share, in the three months to the end of January. Net sales were also down, [...]
Rolls-Royce Serenity, Mercedes Pullman, Rinspeed Buddii: Six of the most bonkers cars at the Geneva Motor Show March 4, 2015 The Geneva Motor Show is the highlight of the motoring calendar: an opportunity for manufacturers not only to show buyers what will be on their forecourts next year, but also to premier their wackier designs. Whether it's submarine-style viewing, luxury bordering on ostentation or just really, really expensive paint, here are six of the craziest [...]
