YouGov share price flat after market research company reveals boost to profits and revenues for its six months ending January 2016 March 21, 2016 Share price in YouGov was trading flat after the company revealed higher revenues and profits for its six-months ending January 2016. The market research company announced that its revenues had grown to £41.5m, up 15 per cent from £36.2m for the six months to January 2015, while profits before tax had increased to £5m, up 42 [...]
BrainJuicer Group share price flat as market research company’s revenues, profits and dividend all nudged up for year ending December 2015 March 21, 2016 Share price in BrainJuicer Group was flat today after the market research company revealed a modest boost to its revenue, profit and dividend for its year ending December 2015. The company announced revenues of £25.2m, up two per cent from £24.7m the year before, while profits before tax grew to £4.5m, up five per cent from £4.3m. The [...]
Marriott International and Starwood Hotels & Resorts Worldwide sign off amended merger agreement, with Starwood shareholders now standing to gain a better cash deal March 21, 2016 Hospitality giants Marriott International and Starwood Hotels & Resorts Worldwide today revealed that they had signed off on an amendment to their merger agreement. The new deal revises the value of Starwood shares to $13.6bn (£9.5bn) in total, which is $79.53 per share or $85.36 per share after consideration from separate transaction involving Interval Leisure Group is taken into [...]
Australian Securities Exchange chief executive Elmer Funke Kupper steps down to deal with bribery allegations levied against Tabcorp, a betting company he used to run March 21, 2016 The chief executive and managing director of the Australian Securities Exchange (ASX) has stepped down from his role today, shortly after police launched an investigation into bribery allegations at a gambling company he used to run. Elmer Funke Kupper, who has been chief executive and managing director of ASX since October 2011, has resigned effective immediately. Funke [...]
Cybersecurity software company Osirium reveals plans to float on Aim in April, with Panmure Gordon acting as nominated adviser March 21, 2016 Osirium has today revealed its plans to start trading on the London Stock Exchange later this year. The UK-based cybersecurity software company, which focuses on monitoring how systems' privileged accounts are being used and how they can be protected, is aiming to raise at least £4m after expenses so that it can start trading on Aim in April. [...]
Navinder Singh Sarao, who has been accused of contributing to the Flash Crash, to discover whether he has been successful in avoiding extradition to the US on Wednesday March 20, 2016 Navinder Singh Sarao, the British trader accused of contributing to 2010's flash crash, will find out on Wednesday whether or not he has won his battle to avoid being extradited to the US. Sarao appeared in Westminster Magistrates' Court last month for the extradition hearing, where lawyers representing the US government argued that he was allegedly heavily engaged in [...]
How the courts are punishing corporate offenders for fraud, bribery and corruption offences March 20, 2016 We have seen a spike in legal activity relating to bribery and corruption offences in recent months, with a bank, printing business and a large international property company all being subjected to fines and other penalties thanks to allegations of this kind. One long-standing problem with assessing such cases has been in identifying the role [...]
Euribor trials: European arrest warrants secured for the five former traders who declined to appear at court hearing in January March 20, 2016 The Serious Fraud Office (SFO) has secured European arrest warrants for five former traders who declined to attend a court date earlier this year. The fraud squad obtained the warrants from a London court late last week in relation to four Germans and one Frenchman accused of playing a role in manipulating the Euro Interbank [...]
Starwood Hotels & Resorts ventures into Cuba, intending to take over the operations of Hotel Inglaterra, Hotel Quinta Avenida and Hotel Santa Isabel later on this year March 20, 2016 Starwood Hotels & Resorts announced late last night that it was to become the first US-based hospitality company to make its way into Cuba in nearly 60 years, after receiving authorisation from the US Treasury to run three hotels on the islands. The move follows an announcement by President Obama in December 2014 that he [...]
Libor scandal: Former UBS and Citigroup trader Tom Hayes to discover whether any of his assets will be confiscated under the Proceeds of Crime Act March 20, 2016 Tom Hayes will soon find out whether any of his assets will be confiscated as proceeds of crime after a court hearing on the matter drew to a close last Friday. Assets that the former UBS and Citigroup trader, who was found guilty last August on eight counts of conspiracy to defraud for his role [...]
