LME allows first Chinese firm to deal in the ring January 8, 2014 THE LONDON Metal Exchange yesterday said it has approved its first Chinese-owned ring dealing member company, alongside two new trade members. GF Financial Markets will be able to trade on LME’s three platforms, including the famous ring, one of the world’s last open outcry markets. Ring dealing members can also issue LME contracts – buying [...]
Lombard Medical says farewell to City as it heads for Nasdaq January 8, 2014 LOMBARD Medical Technologies, a Didcot-based medical device company focused on the treatment of aneurysms, yesterday announced its intention to seek a share listing in New York on the Nasdaq exchange. The company, whose shares rose nearly six per cent yesterday on the AIM market on the news, has hired Jefferies and Barclays Capital to advise [...]
Bottom Line: A costly decision hits Mothercare at home January 8, 2014 TEARS before bedtime for Mothercare yesterday as a profit warning sent shares down almost a third for the mother and baby retailer. Its turnaround plan, which brought the firm back to profit for the first time since 2010 last autumn, seems in danger of turning into a merry-go-round, leading things back where they were before. [...]
French regulator slaps Google with fine over data protection January 8, 2014 FRANCE’S data protection watchdog has fined Google €150,000 (£123,823) after the US search engine ignored a three-month ultimatum to bring its practices on tracking and storing user information in line with local law. The privacy watchdog, known as CNIL, has also ordered Google to post the decision on its google.fr homepage for 48 hours within [...]
AstraZeneca in biotech deal to boost pipeline January 8, 2014 ASTRAZENECA has signed a deal with private British biotech company Immunocore to boost its experimental cancer drug pipeline as it seeks to find new medicines to replace those going off patent. Immunocore is developing drugs known as ImmTACs that exploit the power of the body’s own immune system to find and kill diseased cells. AstraZeneca [...]
Npower to cut energy bills by £50 after green levy rollback January 8, 2014 NPOWER yesterday said it would reduce the average customer’s energy bill by £50, after the government agreed to shift some green levies into general taxation at the end of last year. The company, which is the last of the big six suppliers to reveal its price cuts after the change in policy, will now partially [...]
STJ Advisors sees profits fall but looks forward to better times January 8, 2014 SPECIALIST equity capital market adviser STJ Advisors saw a drop in profits from £2.9m to £2.3m in the year to the end of March 2013, according to documents filed yesterday at Companies House. The niche firm, which advised the Royal Mail Group during the initial stages of its privatisation last year (helping it to choose [...]
Politicians unite over gambling machine danger January 8, 2014 DAVID Cameron shares Labour’s concerns about high-stakes betting terminals in gambling shops, he told MPs during a subdued Prime Minister’s questions yesterday. The issue of fixed-odds gambling machines, that allow customers to place large bets of up to £100, was raised in parliament by Ed Miliband, ahead of a Labour-backed debate yesterday. A government review [...]
UK tech prodigy D’Aloisio reveals his next mobile app with Yahoo January 8, 2014 YAHOO chief executive Marissa Mayer on Tuesday revealed the result of the firm’s $30m (£18.2m) purchase of Summly – the startup created by British teenager Nick D’Aloisio last year. D’Aloisio, product manager of mobile and emerging products at Yahoo aged just 18, took to the stage during Mayer’s keynote at the Consumer Electronics Show in [...]
Car firms show off gadgets that can park at the push of a button January 8, 2014 CARS that can drive themselves have been a frequent sight at this year’s Consumer Electronics Show. The technology has even been used to ferry conference-goers around the Las Vegas venue on the Navia, an unmanned ten-seat shuttle similar to a milk float. But the first opportunity motorists will get to try out no-hands driving is [...]
