Salesforce.com share price climbs on Microsoft takeover reports May 5, 2015 Shares in Salesforce.com jumped 6.2 per cent yesterday, after it was reported that Microsoft is considering a bid for the cloud software provider. Salesforce shares rose from $71.4 to $75.82 after which trading was temporarily halted. Microsoft is evaluating a bid after Salesforce was approached by another potential buyer, Bloomberg reported, citing people with [...]
Nick Clegg warns of second election if Lib Dems not in government May 5, 2015 Nick Clegg has warned that the country could be forced to hold a second election before Christmas, if his party is not in government as part of a coalition. The Liberal Democrat leader and deputy prime minister said that “everybody knows that no one will win this election.” Clegg said: “The last thing Britain needs [...]
Former Burberry boss banks big bucks in US May 5, 2015 Apple’s head of retail Angela Ahrendts was awarded pay of $82.6m (£54m) in 2014, according to Bloomberg. It made the former chief executive of Burberry the highest paid female executive in the US last year.
HSBC boss Stuart Gulliver warns George Osborne or Ed Balls tax hikes could drive bank from UK May 5, 2015 HSBC’S chief executive warned yesterday that the Conservative and Labour parties both risk driving the bank out of the country with tax hikes. The giant lender is looking at moving its headquarters out of the UK after more than 20 years in London, as its global business may be harmed by regulation and taxes. George [...]
Historic Regent St Cinema comes back to life May 5, 2015 A MULTI-MILLION pound restoration project is to bring the birthplace of British cinema back to life. In 1896 a group of Londoners wandered into a theatre on Regent Street and witnessed the first ever public screening of a moving picture. The Regent Street Cinema will re-open tonight, with a screening of a documentary about The Who.
Greece blames creditors for lack of progress May 5, 2015 HOPES that a solution to Greece’s debt crisis would soon be found were dashed yesterday, as the country and its creditors engaged in bitter sniping over who was to blame for their impasse. “Serious disagreements and contradictions between the IMF [International Monetary Fund] and European Union,” a senior government source said in leaked memo, adding [...]
Estee lauder glows with higher profits May 5, 2015 Shares in makeup and skincare company Estee Lauder climbed four per cent yesterday, to $86.90, after reporting better-than-expected profit. It made $272.1m (£179m) in the first three months of 2015 compared with $213.2m in the same period a year ago. Sales climbed one per cent to $2.58bn globally.
UBS’ investment bank roars back with deal successes and soaring profits May 5, 2015 If you believe everything US investment bankers tell you, it is only a matter of time before a handful of American giants rule the world, and Europe’s challengers crumble into the dust. You can see why they are so confident, with Britain splitting its would-be universal banks with a ring-fence, and a series of [...]
Higher loan-to-value ratios as rates stay low May 5, 2015 PROPERTY investors’ appetite for debt at higher loan-to-value (LTV) ratio has soared in the last six months thanks to the improving economic outlook and the low interest rate environment. Laxfield Capital’s latest UK commercial real estate barometer out yesterday found that half of all requests surveyed were for loans with LTVs above 65 per cent [...]
Construction growth drops on General Election uncertainty May 5, 2015 Growth in the building sector fell to its slowest pace in almost two years in April, according to an influential study from Markit yesterday. The purchasing managers’ index fell to 54.2 from 57.8 in March – still firmly above the 50-mark that indicates growth, but a sharp slowdown in the pace of rising output. The [...]
