GoDaddy IPO: Web hosting company files for a US float June 9, 2014 WEB HOSTING company GoDaddy last night filed for its long-awaited initial public offering, announcing that it will sell Class A common stock to raise $100m – though this is a placeholder sum that could change. Morgan Stanley, JP Morgan and Citigroup are the lead underwriters for the initial public offering, GoDaddy told the US Securities [...]
Saga hands Goldman Sachs and Bank of America broking roles June 9, 2014 SAGA, the insurer and holiday provider, yesterday appointed two of the banks that helped it list on London’s stock exchange as joint corporate brokers. Bank of America Merrill Lynch and Goldman Sachs will take on the mandate after acting as joint global co-ordinator and joint bookrunner on last month’s share offering. Bank of America’s Merrill [...]
E3 2014: Microsoft’s Xbox takes centre stage at games conference June 9, 2014 The world’s biggest games conference, E3, got underway yesterday with Microsoft’s head of Xbox Phil Spencer revealing a number of new games for its Xbox One games console, including a remastered bundle of its four best-selling Halo games.
R&R ice-cream entrepreneur’s entrance melts June 9, 2014 IT WAS a night of epic entrances at the EY Global Entrepreneur of the Year Awards at the weekend, with each country’s entrepreneur strutting to the stage to their own personal entrance song (all 60 of them). But when it came to the UK’s winner – R&R Ice-cream’s James Lambert – there was a bit of [...]
Heathrow’s Hollywood welcometothe.uk sign to champion arrival of new domain June 9, 2014 Flyers arriving at Heathrow who’ve been wondering if someone’s made a rather giant typo will today find out why a massive “welcometothe.uk” sign greets them on Heathrow’s lawn, as .uk becomes a domain. Scouring the internet for the banner, which has been in place for the last two days, would have lead travellers to [...]
Housing fears rise even as risk of crash recedes June 9, 2014 THE BRITISH economy has the lowest risk of a crash than at any time since at least 2008, but house prices are increasingly concerning financial institutions, according to the Bank of England. In the Bank’s latest systemic risk survey, released yesterday, 46 per cent of respondents said that the likelihood of a high-impact event in [...]
Employment outlook returns to pre-recession levels across UK June 9, 2014 JOB CREATION is back to pre-recession levels, with firms looking to recruit across the country – though London’s hiring growth is subdued in comparison, according to new research today. Manpower Group’s latest survey of the employment outlook shows that eight per cent more employers are indicating that they will hire than shed workers in the [...]
Cameron’s alliance growing in bid to block Juncker presidency June 9, 2014 PRIME Minister David Cameron stepped up his attack on potential European Commission president Jean-Claude Juncker yesterday, after getting the backing of the Labour party in his attempt to block his candidacy. The Labour party confirmed it will not go against Cameron and support Juncker’s bid. The Conservative leader also said yesterday that he disagreed with [...]
Greece unveils new finance minister Gikas Hardouvelis June 9, 2014 Economics professor Gikas Hardouvelis is taking over from Yannis Stournaras as Greece’s finance minister, it was announced yesterday. Hardouvelis has served under two governments already, and will be charged with the nation’s finances as the bailout ends.
Japan economy surges ahead of tax hike impact June 9, 2014 THE JAPANESE economy grew at an even faster pace than thought during the first quarter of the year, according to revised figures that show it is the fastest-growing advanced economy by some distance. The country’s GDP rose by 1.6 per cent in the first three months of the year, up from the 1.4 per cent [...]
