Tesco shares slump on BoAML downgrade March 17, 2014 Analysts at Bank of America Merrill Lynch have downgraded Tesco today to “underperform” on the back of rival Morrisons’ announcement last week to invest £1bn in slashing prices, causing the grocer’s share to fall to the bottom of investors’ shopping lists. The bank said the implications of the shock announcement from Morrisons were “substantial” and [...]
Just-Eat float will have no retail component March 17, 2014 City AM has learned that the float of fast food website Just-Eat will have no retail component. Retail investors will be able to go through brokers who've put in an institutional bid, but there'll be no direct access to the initial public offering (IPO). This mirrors Poundland's recent IPO, which also lacked a retail component. [...]
Why Twitter’s chief executive is really visiting China March 17, 2014 Twitter’s chief executive Dick Costolo has headed off to China today on a trip to “learn more about Chinese culture and the country's thriving technology sector”, according to a Twitter spokesperson. While that sounds lovely and we hope Costolo has a great time, Twitter has some rather more pressing issues in China that the chief [...]
Russian gold glitters in face of Ukraine conflict March 17, 2014 The geopolitical tensions between Russia and the West over Ukraine are boosting the gold price and benefitting Russian miners, according to Canaccord Genuity today. The broker has upgraded its recommendations on Russian gold producers Polymetal International and Petropavlovsk to “buy”, as a result of its bullish view on the yellow metal and a weaker currency, [...]
City & Gild: Modernisation is the only way back to the future for the Co-op March 17, 2014 So what do we make of the recent goings-on at the Co-op Group, the once proud pioneer of social corporate responsibility? Taking their business issues to one side, it’s hard to knock their vision and values – to want to build a better society through ethical leadership (among other, altruistic aims) is not only a [...]
Dogecoin just sent $11,000 over Twitter. Instantly. March 17, 2014 If you've tried to transfer cash online, you've probably faced a process that'll hit your wallet and take an age to complete. Cryptocurrencies are changing that, and sending cash across borders is now as easy as sending a tweet. That's just what Twitter user Hood did yesterday, sending 14m Dogecoin to the Doge4Water campaign – [...]
How one 19 year old won the internet with addictive puzzler 2048 March 17, 2014 Gabriele Cirulli never thought that his latest project would be a breakout hit. The Italian web developer started 2048 as an experiment to see if he could program a game almost from scratch. Having stumbled across another version of the game on a forum and 1024, he wanted to see if he could combine the [...]
Three new ways to play 2048 that you never thought of March 16, 2014 By now you've probably beaten the massively addictive 2048, if not, you're certainly hooked on it. If you're not quite there – don't worry. The developer of the game, Gabriele Cirulli, tells City AM that even he hasn't managed to defeat it yet. And if you're still stuck we have a strategy guide to help [...]
How to beat addictive puzzling game 2048 March 15, 2014 If you've tried 2048, then you're probably already aware of how fiendishly difficult, yet instantly addictive the puzzler is. The creation of 19 year old Italian developer Gabriele Cirulli, it's based on 1024 by Veewo Studio and is described by the author as being "conceptually similar" to Threes by Asher Vollmer. The aim of the game is to shuffle [...]
This week’s 4 must-see charts March 14, 2014 International exposure to Russian banks, a turnaround in the Eurozone’s inflationary trends, an uptick the Baltic Dry index, and the ongoing strength of the euro. We bring you some of our favourite analysts’ picks of the most important graphs this week. Alexander Dryden, analyst at JP Morgan Asset Management Financial and economic sanctions by the [...]
