New York Report: Dow Jones below 17,000 July 8, 2014 US STOCKS tumbled yesterday as the Dow fell nearly 118 points, ending the trading day below the 17,000 mark. The Dow Jones industrial average lost 0.7 per cent to 16,906.62. The S&P 500 index fell 0.7 per cent to 1,963.71 and the Nasdaq composite index plunged 1.4 per cent to 4,391.46. It was the second [...]
Top Boohoo staff get share awards July 7, 2014 ONLINE fashion retailer Boohoo has granted share options to senior managers for a total of 988,000 shares. The company, which listed on Aim in March, said the options granted had a vesting period of three years, a total exercise period of 10 years, and will be subject to the firm hitting certain goals. Its shares [...]
Power cut chaos on the Chunnel July 7, 2014 Eurostar has warned passengers to expect further delays today after a power cut in the Channel Tunnel, which yesterday forced the evacuation of a train that was on its way to France. Four morning services through the Chunnel in both directions have been cancelled today.
Diamond adds sparkle to Twitter July 7, 2014 The City’s Twitterati got quite the treat yesterday as it was joined by relative royalty. Bob Diamond swept into the Twittersphere, holding a big fish and adopting the handle @rediamondjr. Surely he hasn’t stepped down from his pedestal to walk among us in the squalid world of 140-character musings, we thought at first – but [...]
Post Office to ring changes with EE mobile network tie-up July 7, 2014 The Post Office plans to become a mobile phone provider this autumn, using EE’s network to offer customers “a genuine alternative” to the major carriers. The government-owned company said it planned initially to sell mobile services in 50 Post Office branches, online and over the phone before rolling out across the country later in the year. [...]
Best of the Brokers for 08 July 2014 July 7, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BALFOUR BEATTY Berenberg has kept its “buy” rating, while cutting the target price to 280p from 290p. The broker believes that there is a good chance the company is nearing the end of its problems in the UK, with a cheap valuation compared [...]
London Report: FTSE falls from highs on global growth jitters July 7, 2014 BRITAIN’S top share index retreated from a three-week high yesterday on concerns about the pace of global economic growth, with cyclical sectors such as miners and banks worst hit. The blue-chip FTSE 100 index ended 0.6 per cent lower at 6,823.51 points after climbing to its highest since early June in the previous session. The [...]
New York Report: Wall Street slips back from record levels July 7, 2014 US STOCKS yesterday fell back, retreating from last week’s record levels as investors hesitated to make big bets before the start of earnings season. The Dow Jones industrial average fell 0.26 per cent, to end at 17,024.21. The S&P 500 declined 0.39 per cent, to 1,977.65, while the Nasdaq Composite dropped or 0.77 per cent, [...]
World Cup Semi-finals July 7, 2014 AFTER losing talisman Neymar to injury and captain Thiago Silva to suspension, Brazil look vulnerable heading into their World Cup semi-final with Germany today. A series of unconvincing performances from the hosts over the last three weeks, combined with those key men missing, means Sporting Index have promoted Argentina to favourites on their Outright 100 [...]
BAE’s blue sky tech is hot off the 3D printer July 7, 2014 BRITISH aerospace giant BAE systems has seen the future – and it’s made up of 3D printers so advanced they could print small unmanned aerial vehicles (UAVs) during a mission, self-healing aircraft and large planes which divide into three smaller craft. The UAVs could then potentially be used as a group of wide-winged aircraft for [...]
