Entrepreneur accidentally donates $13,000 to fund doge-themed race car March 25, 2014 The founder of payments platform Moolah.io has suffered from something of a fat finger. Instead of donating 2m Dogecoin to the fundraiser "Doge4Nascar", while hungover Alex Green managed to accidentally enter an extra zero, and ended up giving 20m Dogecoin ($13,200) to the cause. Writing on Reddit, he blamed his "silly keyboard", but says that [...]
10 things we discovered from the UK watchdog’s hedge fund probe March 24, 2014 Scrutiny of the notoriously secretive world of hedge funds is growing. Today the Financial Conduct Authority, the UK City regulator, published the findings of a study into 49 firms operating 106 hedge funds in the London. Here’s what we found out: 1. 20 per cent of the global hedge fund industry’s $2.6 trillion of assets [...]
Someone needs to show Goldman Sachs how to upload a photo to Twitter March 24, 2014 Someone manning the Twitter account of Goldman Sachs will be feeling a bit silly this afternoon. The corporate social media presence of the investment bank tweeted the photo below, shortly before deleting it. Showing Tina Tchen the chief of staff to First Lady of the United States Michelle Obama, a corrected picture has so far [...]
Want to predict bad corporate results before they’re announced? This trick shows how March 24, 2014 There's a lot of money to be made in guessing which company is next to report an atrocious profit figure. Two academics may have stumbled upon a way to do just that. The findings of Yuanzhi Li and David Yermack suggest that inivitations for annual shareholder meetings may be the keys to stock market success. [...]
How much of the Green Belt would 190,000 houses take up? March 24, 2014 The Campaign to Protect Rural England (CPRE) released its latest update today, two years on from some of the Coalition’s modest efforts to liberalise the planning system. One of the main contentions of the report is that the local plans adopted under the new framework mean land for 729,000 homes has been allocated in England [...]
Who’s afraid of a little energy market competition? March 24, 2014 The debate around competition in the energy market is hotting up. The regulators are due to give their assessment of the market later this week, along with a possible recommendation to refer the investigation to the Capital Markets Authority (CMA). Consumer group Which? and the Federation of Small Businesses have written a joint letter [...]
Silicon Valley’s next takeover target? It’s a Secret March 24, 2014 Anonymous sharing apps are the hot trend around Silicon Valley right now. These are the three apps drawing the most attention from both users and prospective suitors: SnapchatThe ephemeral photo messaging app that allows users to share photos or video for a maximum of 10 seconds before they are gone forever. Snapchat has already turned [...]
How BHS’ food offerings could unseat Asda and Morrisons March 24, 2014 Sir Philip Green has come knocking at the major supermarkets’ door with plans to launch the first trial food outlet within a BHS department store this week. The retail tycoon, who is eyeing around 150 openings, aims “to be competitive” within the convenience food sector and undercut the big four by around 10 per cent [...]
Tube closure means you probably shouldn’t plan any trips to Uxbridge this summer March 24, 2014 Good news: Transport for London has found a way to cut down on weekend Tube closures this summer.Bad news: This means parts of the Piccadilly and Metropolitan lines are going to be shut down for three and a half weeks. Between 19 July and 10 August, the two lines on the Uxbridge branch will be [...]
If your assets are stuck in frozen exchange Vircurex, then Dogecoin may be the answer March 24, 2014 Vircurex is the latest Bitcoin exchange to struggle with insolvency, freezing Bitcoin and Litecoin accounts. The exchange has lost vast numbers of Bitcoin, and all incoming deposits will not be credited to users accounts "for the time being", according to an official statement. If this sounds familiar, it's because the news from Beijing based Vircurex [...]
