Spotify could miss Christmas US launch November 23, 2010 Spotify’s US launch is being met with increasing scepticism by analysts. The music streaming service said this week it will press ahead with its plans to launch in the US before Christmas, despite announcing a full-year loss of £16.7m for 2009. “I’d be very surprised if they manage to pull this off in the timeframe [...]
Caledonia manages to trump FTSE by 5pc in its first-half November 23, 2010 UK investment trust Caledonia Investments outperformed the FTSE All-Share Index by five per cent in its first half 2010 results, it said yesterday. Net asset value per share rose by 3.5 per cent to 2,105p from 2,034p while the index fell 1.5 per cent over the same period, the firm said in its interim results [...]
West End shops go traffic-free this weekend November 23, 2010 REGENT Street and Oxford Street will be vehicle-free between 10am and 6pm this Saturday, allowing millions of Londoners to indulge in Christmas shopping on foot. Stores are offering up to 50 per cent off and opening as early as 8am, as they compete for the attention of an anticipated two million shoppers. By VIP Day [...]
Investors are right to be cynical November 23, 2010 HOW times have changed. During the boom years, venture capitalists were lining up to give billions of dollars to internet start-ups. The theory was that if you threw enough cash at these fledgling firms, some of it would stick to the next Google or Facebook. Losses that ran into the millions of dollars were the [...]
A car that could be a fighter jet November 23, 2010 What exactly is the definition of a supercar remains a contentious issue. If a sports car is a powerful car designed for high speed with great handling and flashy looks then what is a supercar? And if a supercar is an exotic sports car with superior performance and a price tag to match, what is [...]
CAR TALK November 23, 2010 NISSAN MURANO CROSSCABRIOLET It’s fair to say that automotive history is not exactly littered with convertible SUVs so it’s a niche that remains broadly unexplored by most manufacturers. Still, Nissan has just shown its convertible crossover SUV at the LA Motor Show and here it is. It remains to be seen whether the only place [...]
IRISH BAILOUT FAILS TO CHEER INVESTORS November 22, 2010 Markets fall and bond yields continue to rise Cowen resists snap election call ahead of budget UK confirms intention to offer £7bn in loans MARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout. As the Irish governing coalition threatened to fall apart and independent MPs said they [...]
Trio of hedge funds raided November 22, 2010 THE FBI has raided three American hedge funds as part of a widening investigation into potential insider trading within the $1.7 trillion (£1.1 trillion) hedge fund industry. The funds include Diamondback Capital Management and Level Global Investors, two Connecticut funds run by former managers of Steven Cohen’s SAC Capital Advisors. The third fund is Boston-based [...]
Start planning for Eurozone break-up November 22, 2010 ONE should always have a Plan B, an emergency exit strategy. Offices, cinemas and restaurants always have a way out in the event of a fire; nobody would want to travel on a boat without life rafts in working order. It is bizarre, therefore, that such common sense has until now been absent from economic [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
