Yanis Varoufakis gets official backing but Greek bailout deal proves elusive May 5, 2015 Greece's government yesterday said it backed finance minister Yanis Varoufakis and remained intent on securing extra bailout funding. However, comments from officials suggested talks with creditors may continue to stall ahead of two payments to the International Monetary Fund (IMF) – one tomorrow and another on 12 May totalling almost €1bn (£0.7bn). “The [...]
UBS disputes activist claims over funding May 5, 2015 UBS yesterday rebuffed claims by activist investor Knight Vinke that it subsidises its investment bank, amid a longrunning campaign by Knight to have UBS hive off the unit. Knight Vinke, founded by Eric Knight, has called on UBS to reveal the funding rate of the bank at its annual meeting this week, amid claims the [...]
Tech exec died in a hotel gym May 5, 2015 SURVEYMONKEY chief executive Dave Goldberg died on Friday from a head injury while using a hotel gym in Mexico, the local prosecutor’s office said yesterday. Goldberg, the husband of Facebook top exec Sheryl Sandberg, fell off a treadmill at the Four Seasons Resort in Punta Mita and hit his head, the prosecutor’s office said. No [...]
PartnerRe bid rejection fails to derail Exor plan May 5, 2015 ITALIAN investment fund Exor said yesterday it remained fully committed to its $6.4bn (£4.2bn) offer for reinsurer PartnerRe, after it rejected its bid in favour of an offer from Axis Capital Holdings. The group said that PartnerRe’s board was continuing to “ignore the superior nature of Exor’s fully financed, all-cash proposal of $130 per share, [...]
Investors wager Macau’s casinos still holding some trump cards May 5, 2015 Macau’s casino shares have risen in Hong Kong, as investors look past the gambling hub’s 39 per cent year-on-year revenue fall last month. Shares in Wynn Macau, Sands China and Galaxy Entertainment Group all advanced yesterday on hopes the industry’s slump has reached its nadir. Gambling revenue in the Chinese territory plummeted for an 11th [...]
Manufacturing casts doubt on euro recovery May 5, 2015 EUROZONE manufacturers suffered a slowdown in growth in April, ending a run of four months of expansion or steady growth. A survey of private sector manufacturers – Markit’s manufacturing purchasing managers’ index (PMI) – published yesterday slipped to a score of 52 in April from 52.2 in March. Scores above 50 signify growth – higher [...]
Eurozone investor sentiment steadies despite Greece fears May 5, 2015 THE UPTURN in Eurozone investor sentiment stabilised in May, according to survey figures released yesterday. Sentix research group’s index tracking investor sentiment hit 19.6 in May, down marginally on April’s 20. However, it remains high compared to January, when the index scored just 0.9. The figure is derived from a survey of nearly 5,000 investors. [...]
Syngenta rises after Monsanto takeover talk May 5, 2015 SYNGENTA shares had their biggest increase in six years yesterday, after investors finally got the chance to give their verdict on reports that Monsanto had offered to buy the group again. The Swiss-agrochemical giant jumped nearly 12 per cent in early trading following last week’s report that Monsanto, the world’s biggest seed producer, had approached [...]
Cost of the weekly shop declines as supermarket price war rages on May 5, 2015 The cost of the average weekly grocery shop plunged by eight per cent year-on-year in May as fierce competition between the grocers continues to impact the market. Research by mySupermarket’s Groceries Tracker showed that a basket of 35 staple products across all major grocers cost a total of £86.69 in May, down from £93.87 12 [...]
Vinyl revival prompts a boom in turntable sales for John Lewis May 5, 2015 Once seen as the domain of DJs and Hackney hipsters, the humble record has returned to its former glory as a mainstream trend. Past predictions that vinyl would go the way of the cassette tape have proved incorrect, according to John Lewis, which has reported a 240 per cent increase in turntables in 2015. The [...]
