Euronext derivatives trading is back up and running after it suspended futures indices and derivatives markets – including Cac and AEX October 31, 2016 Trading on Euronext's derivatives markets was back up and running after it suspended derivatives markets and futures indices following problems with market data. Twitter users reported trading was functioning normally, after the European exchanges operator was forced to restart its entire UTP Derivatives platform. #Euronext #Derivatives #Markets is now functioning normally. — Jac (@DiversifiedTF) October [...]
Goldman Sachs said Powa was on a “clear path to a $50bn” valuation shortly before its collapse October 31, 2016 Goldman Sachs suggested Powa was on a "clear path" to a $50bn valuation in a presentation just months before the so-called British tech unicorn sensationally collapsed. A 60-page document seen by City A.M. shows Goldman valued the British technology company at between $16bn and $18bn in September 2015, five months before its collapse. It also suggested revenues could [...]
It’s happening: Majestic Wine is now offering next-day delivery October 31, 2016 It may be a little early in the morning to raise a toast, but wine lovers everywhere can certainly tip their hats to Majestic Wine, which today unveiled plans to offer next-day delivery on more than 1,250 wines – including 400 fine wines. The company said it will now offer click and collect and named and [...]
FTSE 100 closes within a whisker of 7,000 as sterling pares some of its losses October 28, 2016 The FTSE 100 finished the week marginally higher – and within a whisker of the 7,000 mark. After a day of volatility, the UK's blue-chip index closed up 0.14 per cent, at 6,996 points, buoyed by a strong US GDP figure. It was pushed up by International Airlines Group, the British Airways owner, whose shares rose [...]
Here’s what will happen to the US economy if Donald Trump is elected and enacts all the policies he’s announced October 28, 2016 Much time and energy has been spent decrying Donald Trump for his insults, on social media and otherwise, which are aimed at Hillary Clinton and many, many others. But what about if Trump actually wins, and implements the policies he's announced during his campaign? Researchers Didier Borowski and Philippe Ithurbide at Amundi Research have analysed Trump's [...]
Marmitegate is back: Now Morrisons is increasing the price of Marmite October 28, 2016 Remember when Marmite broke the internet a couple of weeks ago when Tesco and Unilever locked horns over pricing and Tesco threatened to stop selling the yeasty spread? Well, it now looks like Marmite really is in trouble, after Morrisons admitted it needs to hike its price by a whopping 12.5 per cent, according to retail [...]
Former Co-operative Bank boss admits misconduct October 28, 2016 A former boss of the Co-operative Bank has admitted misconduct and agreed to pay out £20,000 to the Financial Reporting Council (FRC). Barry Tootell, the chief financial officer and chief executive of the Co-Operative Bank between 2009 and 2013, was accused of not exercising due skill, care and diligence in managing the firm for which he [...]
The City of London’s newest skyscraper has just confirmed its first commercial tenant October 28, 2016 Times, they are a-changing: once, the Lloyd's Building was the City's tallest (and most recognisable) tower – now the Square Mile's skyline is rising faster than Donald Trump's legal bill. The latest addition to the City's skyscraper family is the Scalpel, aka 52 Lime Street. Although it isn't due to be completed until December next [...]
New Apple MacBook Pro: Six things you need to know October 28, 2016 Last night Tim Cook unveiled the new MacBook Pro – the biggest refresh of its laptops since the new-look MacBook was released in April 2015. The new MacBook Pro comes in 13-inch and 15-inch variations, and is a snip at about £1,500. Here's everything you need to know: 1. RIP, F keys The traditional function [...]
The French economy returned to growth in the third quarter, but it’s far from formidable October 28, 2016 The French economy grew again in the third quarter of this year, after contracting in the second quarter – suggesting things are beginning to look up across the Channel. Figures from French statistics authority Insee showed GDP grew 0.2 per cent between July and September, up from a 0.1 per cent contraction in the quarter [...]
