Danish OW Bunker says equity is “wiped out flat” after it suspends shares eight months after $1bn IPO November 6, 2014 Danish marine fuel bunkering company OW Bunker has advised investors to assume its equity is "wiped out flat" after it suspended shares following allegations of fraud by senior employees in Singapore. In an announcement last night, it confirmed an investigation into the allegations is under way, but added that initial findings suggested the fraud [...]
How much is Jay-Z worth? Rapper adds luxury champagne brand Armand de Brignac to personal empire with purchase from Sovereign Brands November 6, 2014 It's been six years since Jay Z very openly boycotted Cristal, pulling it from his chain of bars and even rapping about how the champagne brand was "rascist". In the same song, On To The Next One, he referenced his new favourite tipple – the gold bottle brand Ace of Spades. He's just made [...]
AstraZeneca share price drops despite revenue growth after Pfizer rejection November 6, 2014 Has AstraZeneca's confidence about its ability to keep growing without a larger parent like Pfizer at the helm paid off? The pharmaceutical giant posted figures this morning showing revenues had grown five per cent to $6.54bn (£4.09bn) during its third quarter. This beat analyst expectations of $6.41bn growth for the period, marking the British [...]
Best cities to live in? London falls behind New York, Hong Kong and Tokyo November 6, 2014 When it comes to urban living, London offers a worse quality life than many of the world's other major cities. According to the Global Liveable Cities Index, which looks at standard of living for the average worker across 64 cities, London falls into 22nd place, behind New York, Hong Kong and Tokyo among others. [...]
Tate and Lyle share price rises despite plummeting profits November 6, 2014 Shares in Tate and Lyle edged up 0.3 per cent to £6.12 in early trading, even though it posted considerably lower half-year profits than in 2013. In the six months to 30 September, the sugar-based foods company reported a pre-tax profit of £104m – a 40 per cent drop from £173m during the equivalent [...]
How to deal with a difficult colleague and stay calm at work November 5, 2014 Most of us have come across one of them at some point – the type of colleague who sends our blood pressure through the roof. Whether its an impossible-to-please-boss, an intern with attitude or competitive co-worker, there's no point in closing your eyes and wishing they would go away, because they won't. The [...]
Rising London house prices: What we can learn from Cyprus’s 2013 economic crash November 5, 2014 As international buyers continue to snap up London property and send house prices skyrocketing, a group of economists has suggested the events leading up to Cyprus's 2013 economic crash should be taken as a warning to UK banks. In March last year, Cyprus's debt had spiraled so far out of control that it came [...]
Cost of immigration to the UK: EU migrants add more to the economy than UK citizens November 5, 2014 While Prime Minister David Cameron continues to press for tighter controls against the arrival of EU migrants in the UK, new statistics suggest EU workers are in fact some of the biggest contributors to our economy. By analysing migrants' share of all public services costs and comparing it to their economic contribution between 1995 [...]
Brent crude oil price just fell to its lowest in four years after Saudi Arabia slashed contract price for US November 4, 2014 The price of Brent crude oil dropped to a four year low today, after Saudi Arabia unexpectedly cut its contract price for customers in the US. As the world's largest exporter of the commodity, Saudi Arabia's move represents an intensification of the battle between countries to gain control over global energy markets. It [...]
Is there a cure for Ebola? Inhaled vaccine could provide answer to injection worries of GSK, NewLink and Johnson & Johnson November 4, 2014 Could a newly-developed inhaled vaccine soon be used to stop the spread of Ebola between humans in west Africa? Developed by a team of researchers at a university in Texas, it has already been shown to provide long-term protection for non-human primates against the deadly virus. The formulation took seven years to create, and [...]
