Apple is now worth more than the entire Russian stock market November 14, 2014 An interesting viewpoint from Bloomberg this afternoon, whose chart of the day shows how Apple is now bigger than the whole of the Russian stock market. (Source: Bloomberg) Thanks to various factors, including sliding oil prices and sanctions from Western economies against Russian companies, the value of Russian shares has fallen $234bn (£150bn) this year, reckons Bloomberg. [...]
Castles, islands and converted churches: 7 insane properties you could buy for less than the price of a one-bed flat in London November 14, 2014 According to home.co.uk, the price of the average one-bed flat in London is now £482,000. But for the price of a cramped, damp basement in London, you could get something altogether more exciting elsewhere in the country. Time to leave the capital? Here's what you could get… 1. St Michael's Church, Scotland, £375,000 (Source: Zoopla) [...]
Aggreko share price jumps despite revenue hit by strong pound November 14, 2014 If Aggreko is missing former boss Rupert Soames, it isn't showing it. Shares in the temporary power provider rose more than four per cent in early trading, as the company announced third-quarter figures in line with expectations. Soames, the grandson of Winston Churchill, departed earlier this year to take the helm at embattled outsourcer Serco. [...]
PwC, Uber and Zoopla win big at the 2014 City A.M. Awards November 13, 2014 From Legal & General boss Nigel Wilson to WPP boss Sir Martin Sorrell, you could barely move at the fifth annual City A.M. Awards – held last night at the Grange St Paul's Hotel – without bashing elbows with a few City grandees. The ceremony celebrated the brightest and best of the nation's money-makers – [...]
Amazon and Hachette give up their pricing war – just in time for Christmas November 13, 2014 It's a brave brand that takes on the might of Amazon – but US publisher Hachette gave it a good go, arguing that it should have control over the price of its ebooks. The battle was keenly observed by fellow publishers, not least because underneath, they were grumbling about the same thing. But it looks [...]
Boris Johnson admits Oxford Circus is the most polluted street in London November 13, 2014 We all know Boris Johnson isn't one to mince his words, but every now and then even he has to admit he's wrong. Cue a groveling apology to scientists at King's College after he blustered in July that reports Oxford Street is the most polluted street in the capital is a "ludicrous urban myth".
Virgin Money and Virgin America IPOs: Richard Branson is about to get even richer November 13, 2014 After more than a month of to-and-froing, Virgin Money, the UK challenger bank, announced today that it will fully list on the London Stock Exchange on Tuesday, with shares priced at 283p. That price is right at the bottom of the range mooted by the company, and values it at a relatively conservative $1.25bn. At [...]
Virgin Money to start trading at lower end of pricing scale November 12, 2014 THE LONG-AWAITED flotation of Virgin Money will take place tomorrow, although the bank is planning to price its shares right at the bottom of their range, City A.M. understands. Earlier this month we revealed the challenger bank will target a share price of 283p-333p when it launches its IPO, valuing it at £1.25bn-£1.45bn. A source close [...]
YoYo, Soul, Eggy and Wooky: Meet LG’s weird, gimmicky new Aka smartphones November 12, 2014 YoYo, Soul, Eggy and Wooky – they might sound like an updated version of the Teletubbies, but they’re actually LG’s new line of “Aka” smartphones. The names are nowhere near as weird as it gets. Each phone comes with a “personality” – for pink YoYo that’s a lady who eats too much (her weight [...]
Exclusive: Virgin Money to IPO on Friday, but prices shares at bottom of range November 12, 2014 The long-awaited flotation of Virgin Money will take place on Friday, although it is planning to price its shares right at the bottom of their range, City A.M. understands, . Earlier this month, we revealed the challenger bank will target a share price of 283p-333p when it launches its IPO, valuing it at £1.25bn-£1.45bn. But a source [...]
