Greece debt deadline: Syriza risks split as progress on a deal crawls April 22, 2015 Greece has enough cash to meet its debt payments into June, Eurozone and Greek officials said yesterday, quashing fears of an imminent default, as a deal to inject more cash into the debt-addled state, at a meeting in Latvia tomorrow, looks unlikely. “The liquidity situation in Greece is already a little tight, but it should [...]
New London map: How to build a model city April 22, 2015 A view of London from the sky, without the hassle of boarding a plane? Yes, please! This map was unveiled at the New London Architecture Galleries yesterday. The model is 12m long, covers 85 square kilometres of London, 19 Boroughs and approximately 170,000 buildings.
Brewdog raises a glass to £25m fundraising from share sell-off April 22, 2015 Brewdog, the Scottish independent brewer, is seeking to raise £25m in funding through its own online platform. The target for the firm’s latest fundraising round, using its Equity for Punks crowdfunding tool, smashes the £4.25m it had raised back in 2013. Some 526,316 shares in the brewery have been made available to anyone who wants [...]
Lib Dems deny involvement in Grant Shapps Wikipedia case April 22, 2015 The Liberal Democrats moved last night to distance themselves from an increasingly complicated story involving Conservative party chairman Grant Shapps and the editable online encyclopaedia Wikipedia. On Tuesday, it was reported that Wikipedia blocked a user account “Contribsx” on suspicion the account was being used by Shapps or someone close to the party chairman to [...]
Merger deals hit by election April 22, 2015 UNCERTAINTY surrounding the General Election is likely dampening mergers and acquisitions (M&A) in the UK, according to a report out today. Increases in early-stage M&A activity in the UK are more subdued than in the rest of Europe, according to the Intralinks Deal Flow Predictor. The report shows a 10 per cent predicted year-on-year increase [...]
Close poll but markets calm April 22, 2015 A WIN for the Conservatives on 7 May would increase the risk of the UK quitting the EU, while a Labour-led government could use tax hikes to boost public spending, a new report from Citi Bank finds. The research also indicates that while there still remains a range of outcomes possible in Britain’s knife-edge General [...]
Historic Tesco loss sparks share price slump: Dave Lewis has to move from “drastic” to “dynamic” April 22, 2015 2007: TESCO’S PEAK MARKET SHARE 31.7% MARKET SHARE MARCH 2015 28.4% Shares in Tesco slumped by five per cent yesterday after the retail giant capped a year of profit warnings, accounting scandals and fraud investigations by posting one of the biggest losses in corporate history. Britain’s biggest supermarket made a statutory pre-tax loss of £6.4bn [...]
Merrill Lynch hit by £13.3m fine for reporting failure April 22, 2015 THE CITY watchdog hit investment bank Merrill Lynch International with an extra-large fine yesterday, expressing frustration that the US institution had failed to get its act together after previous penalties. Merrill Lynch was fined £13.3m for incorrectly reporting 35m transactions and failing to report another 121,387 between November 2007 and November 2014. The bank was [...]
Indices step up Brussels lobbying bid April 22, 2015 INDEX firms are ramping up lobbying efforts in a bid to make sure Brussels does not inadvertently shut down a large proportion of the world’s more than two million indices. EU officials want to make sure indices cannot be manipulated in the same way as Libor was by rogue bank traders and brokers. But the [...]
Police make arrest in £3m boiler room fraud April 22, 2015 Police yesterday arrested a man on suspicion of being part of a gang that made £3m by flogging fake investments in expensive metals. The 41-year old suspected fraudster was caught in Glasgow. Up to 250 people are believed to have been persuaded by the gang to put their savings into bogus investments, with one victim [...]
