FTSE declines after banks fined over forex manipulation – London Report November 12, 2014 BRITAIN’S top equity index fell yesterday, hit by disappointing corporate updates and a decline in bank shares, after regulators imposed fines to settle allegations of foreign exchange malpractice. The blue-chip FTSE 100 index, which had risen for the last five sessions in a row, closed down 0.3 per cent at 6,611.04 points. The index held [...]
Dow and S&P fall on oil drop – New York Report November 12, 2014 THE DOW and S&P 500 ended slightly lower yesterday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed. The Dow Jones industrial average fell 2.7 points, or 0.02 per cent, to 17,612.2, the S&P 500 lost 1.43 points, or 0.07 per cent, to 2,038.25 and [...]
Connecting talent: ING Discerning Eye Exhibition opens at The Mall Galleries November 12, 2014 The work of budding artists from around the UK hangs alongside that of internationally recognised names at this year’s ING Discerning Eye Exhibition, which opens to the public today. The exhibition at The Mall Galleries in SW1 comprises six separate sections, each assembled by a prominent figure from the art world. To [...]
The rise of Spotify (minus Taylor Swift): From Radiohead’s “dying corpse” dig to 200m weekly streams November 12, 2014 The irrepressible rise of Spotify, the streaming service that Taylor Swift left last week OCT 2008 Spotify goes live Spotify is founded in 2006 by CEO Daniel Ek, but it isn’t until two years later that it’s launched for public access. The same year, the Swedish company announces that it has negotiated licensing [...]
Messi sprinkles stardust in East End November 12, 2014 ARGENTINA superstar Lionel Messi illuminated Upton Park for the first – and probably last – time last night when the World Cup finalists beat Croatia 2-1 in a glamour friendly at the home of West Ham. Messi scored the winning goal from the penalty spot, while former Hammers Carlos Tevez and Javier Mascherano also played. [...]
Poppies fall as Lloyd’s remembers the War November 11, 2014 Three women watch as 5,000 poppy petals rained down inside the iconic Lloyd’s of London insurance building in the City yesterday, to mark the anniversary of the World War One armistice. Ex-servicemen, brokers and Lloyd’s staff joined together to mark the day.
No broken heart for Alibaba on Singles Day November 11, 2014 CHINESE online retail giant Alibaba eclipsed sales records yesterday and recorded 57.1bn renminbi (£5.9bn) worth of transactions, amounting to a whopping 278m orders – many of which came from mobile phones. The retailer took advantage of shopping phenomena Singles Day, similar to Cyber Monday in the US, during which customers snap up big discounts.
Monty the Penguin buoys John Lewis sales November 11, 2014 John Lewis’ sales jumped 5.1 per cent to £95.7m in the week to Saturday 8 November, buoyed by the launch of its Christmas campaign featuring Monty the penguin. Week-on-week sales rose 3.9 per cent. Online sales were up 17 per cent, with “Monty” the most searched term on its website. The advert featuring a boy and his [...]
Best of the Brokers for 12 November 2014 November 11, 2014 BAE SYSTEMS Westhouse Securities reiterated its “sell” rating following a meeting with BAE. The broker said that while no new market-sensitive trading or other inside information was disclosed “we left feeling slightly more positive about export opportunities”. HAYWARD TYLER FinnCap restated its “corporate” rating, and said increased first-half activity, a stronger order book and better margin [...]
Vodafone and Sainsbury push FTSE 100 slightly up – London Report November 11, 2014 The FTSE 100 yesterday advanced to its highest level in more than a month, as a rise in mobile operator Vodafone and supermarket retailer Sainsbury offset a slump in energy stocks. The blue chip index closed up by 0.2 per cent, or 16.15 points, at 6,627.40 points – its best closing level since late September. [...]
