Miners and robust US results help to lift FTSE off slump – London Report October 14, 2014 A RISE in major mining stocks, yesterday coupled with solid US corporate results, enabled Britain’s top equity index to rise off 15-month lows. The FTSE 100 index had been pegged back near those lows for much of the day, but then rose after the US stock market was boosted by robust results from Citigroup and [...]
Nasdaq and S&P shares up – New York Report October 14, 2014 THE S&P 500 and Nasdaq yesterday ended up slightly, breaking a three-day string of falls that marked their worst losses since 2011. The Dow, however, finished lower for a fourth session on lingering worries about global demand. While the S&P closed in positive territory, it was well off its session highs of more than one [...]
UK braced for more rain and wet weather October 13, 2014 HIGH winds and heavy rainfall swept across southern parts of the UK yesterday and are expected to continue for the rest of the week before making way to a mini-heatwave this weekend. Conditions are set to improve from Friday with a spell of unseasonably mild weather.
7Digital shares soar on Will.I.Am smartwatch deal talks October 13, 2014 One of the digital darlings of London’s Silicon Roundabout has confirmed it’s in talks with global superstar and tech entrepreneur Will.I.Am to create a music streaming service for his soon-to-launch smartwatch. Shares in 7Digital soared 77.16 per cent yesterday to 35.88p after the firm confirmed it was in discussions with the musician with “respect to [...]
Sportech to appeal against £93m VAT charge October 13, 2014 BETTING operator Sportech has lodged an application to appeal against HM Revenue & Customs’ (HMRC) case that forced the group to pay back £93m in tax over its Spot the Ball game. Last month, it was ruled a game of skill not chance and therefore subject to VAT.
BSkyB invests $500,000 in online TV startup October 13, 2014 BSkyB continued its pattern of taking small stakes in US tech startups yesterday by investing $500,00 (£311,000) in Pluto.TV, an aggregator of video from across the web into themed TV channels. It follows investments in startups Jaunt and Sharethrough this year.
Tate Modern unveils flying machine October 13, 2014 The Tate Modern has unveiled its latest commission to fill its vast Turbine Hall space. By US artist Richard Tuttle, the 24m, 15-tonne wood and fabric sculpture is suspended over the atrium and is intended to resemble aircraft wings to “raise the issue of genocide”.
Best of the Brokers for 14 October 2014 October 13, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com TESCO Cantor Fitzgerald has puts its target price under review and has no rating on the retailer after it said there could be “a lot more issues” for Tesco in the wake of an internal audit review of its commercial practices. WH SMITH [...]
Good China data set helps miners to lift FTSE out of slump – London Report October 13, 2014 BETTER than expected trade data from Chinese and fears over the fragile geopolitical situation yesterday helped to lift FTSE. Britain’s benchmark blue-chip index closed 0.4 per cent higher at 6,366.24 points after falling earlier in the session as far as 6,294.64. Seven out of the top 10 risers were mining companies. Anglo American rose 4.72 [...]
Ebola fears hit airline shares – New York Report October 13, 2014 US SHARES yesterday fell more than one per cent, with the S&P 500 closing below a key technical support level, as declines in energy and airline shares led a late-day selloff. The Dow Jones industrial average fell 223.03 points, or 1.35 per cent, to 16,321.07, the S&P 500 lost 31.39 points, or 1.65 per cent, [...]
