Russian rouble rallies as Putin agrees Ukraine ceasefire September 5, 2014 The rouble rose 0.22 per cent against the dollar and 0.14 per cent against the Euro at pixel time after Ukrainian president Petro Poroshenko announced his government had reached a ceasefire agreement with pro-Russian rebels this afternoon. Earlier in the day, investors had piled into Russian stocks on rumours of an end to fighting, with [...]
Insurance claims explain why an indestructible screen is top of users’ wishlist for the Apple iPhone 6 September 5, 2014 iPhones may be cool, but considering we carry them everywhere with us they're frighteningly delicate – and a new report suggests the iPhone 5 is the most vulnerable of all the models, with 47.8 per cent of insurance claims made for the phone related to some kind of damage. According to the study, just over 10 [...]
More sign of London house price woes? Foxtons share price falls as BC Partners halves stake September 5, 2014 Foxtons may have been the darling of the London property boom, but as house price growth in the capital has fallen, so have the estate agent's shares. BC Partners, the investor that had its fingers badly burned when it bought Foxtons off founder Jon Hunt at the top of the housing market in 2007 before [...]
Bob Diamond’s fund Atlas Mara increases stake in Union Bank of Nigeria September 5, 2014 Former Barclays chief Bob Diamond's African investment vehicle has increased its stake in a Nigerian banking group by nearly 30 per cent as it bets on the success of the country's economy. Atlas Mara exercised an option to buy a 20.9 per cent stake in Union Bank of Nigeria from the Asset Management Corporation of [...]
Four charts showing how Lego became the biggest toymaker in the world September 4, 2014 Lego has snatched the "world's biggest toymaker" crown from atop Mattel's blonde, Barbie-shaped head, after The Lego Movie helped propel revenues to DK 11.5bn (£1.2bn). Operating profit rose 12 per cent to DK 3.6bn in the six months to the end of June, while China became its most significant market, with sales up more than [...]
BP share price plummets as judge raises Deepwater Horizon fine to $18bn September 4, 2014 BP's share price dived more than five per cent in late afternoon trading, after a US district court ruling made it liable for a fine of up to $18bn (£11bn) in relation to the Gulf of Mexico disaster in 2010. The court found BP acted with "gross negligence" and "wilful misconduct" when the Deepwater Horizon [...]
iBrute force: Is this how Apple iPhone hackers leaked nude photos of Jennifer Lawrence and Kate Upton? September 4, 2014 Yesterday a thread appeared on notoriously NSFW forum site 4chan, promising to post nude photos of actresses Jennifer Lawrence, Kate Upton and Ariana Grande in return for Bitcoin donations. Publicists for Lawrence and Upton confirmed the pictures were real (although Grande’s insisted they were “completely fake”). But how did the hacker get access to their [...]
Watch: Dyson unveils the 360 Eye, its robotic vacuum cleaner September 4, 2014 In recent years James Dyson has experimented with fans and hand dryers, but it seems he has returned to his first love, the vacuum cleaner. At a press conference in Japan this morning, Dyson unveiled his first robotic vacuum, the 360 Eye. Admittedly, robotic vacuum cleaners aren't a new idea – in 2001 Dyson trailed [...]
European markets cautious as Nato summit begins September 4, 2014 European markets took a break from recent rallies as the leaders of Nato countries prepared to meet at the Celtic Manor resort in Wales this morning. Having hit its highest level in 14 years yesterday, the FTSE 100 rose a modest 0.1 per cent to 6,880 in early trading, while France's Cac fell 0.4 per [...]
Co-operative Group is back in profit as it confirms Richard Pennycook as chief executive September 4, 2014 The troubled Co-operative Group has made interim chief executive Richard Pennycook will take on the role full-time. Pennycook was promoted from his position of chief financial officer in March after the surprise resignation of Euan Sutherland. His appointment is likely to give the group's investors – including the hedge fund owners of its banking arm [...]
