Ferrari moves into the fast lane with US IPO July 23, 2015 Luxury Italian sports car maker Ferrari is set to move into the fast lane after filing for an initial public offering (IPO) on the New York Stock Exchange. Read more: Fiat Chrysler to spin-off Ferrari Its parent company, Fiat Chrysler, didn't say how many shares it plans to sell or at what price however the new [...]
Twitter share price soars after hoax news story on a fake “Bloomberg” site fools investors July 14, 2015 Twitter's share price was sent soaring over eight per cent today as investors fell for a hoax news story claiming the social media network was considering a $31bn takeover. Read more: G4S share price plummets after fake press release “reveals” £400m profit overstatement The report was posted on bloomberg.market this morning; a site appearing to impersonate [...]
Coty lands sweet smelling $12bn Procter & Gamble beauty deal July 9, 2015 In a transaction valued at $12.5bn (£8.1bn), multinational consumer goods company Procter & Gamble (P&G) has agreed to sell 43 of its brands to global beauty products manufacturer Coty. The various brands acquired by Coty include Max Factor, Hugo Boss and Lacoste, and all compete in the hair care, retail cosmetics and fine fragrance sectors. [...]
US stocks close higher despite bite from Apple – New York Report July 9, 2015 US STOCKS closed higher yesterday after Wall Street found relief in Beijing’s efforts to halt a rout in Chinese stocks, which lifted markets around the world. Shares of Apple bucked the market and logged their first five-day losing streak since January as investors worried that consumers in China might have less money to spend on [...]
Tech glitch puts US in the ditch – New York Report July 8, 2015 US STOCKS ended sharply lower on yesterday after a hectic day that included market turmoil in China eclipsing Greece’s debt crisis, while the New York Stock Exchange suffered a major outage. Fears that a rout in Chinese stocks could seriously harm its economy pushed the S&P 500 below its 200-day moving average for the first [...]
New York Stock Exchange resumes trading after outage July 8, 2015 The New York Stock Exchange (NYSE) has resumed trading after an outage lasting over three hours, which it said was due to a technical issue and not a cyber attack. Trading in all securities on the New York Stock Exchange halted at 11.32am ET (4.30pm BST) today. "The issue we are experiencing is an internal technical issue and is [...]
US stocks fall amid Greece and oil drags – New York Report July 1, 2015 US STOCKS closed higher yesterday but were down from earlier highs as energy stocks declined and Greece’s debt crisis showed no clear signs of resolution. The benchmark S&P 500’s energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed US crude stockpiles [...]
Here’s why today’s “leap second” is creating anxiety among traders and businesses leaders around the world June 30, 2015 This evening at 8pm New York time (that's 1am over here) clocks around the world will have a “leap second” added to the end of the day. Read more: Daylight Saving Time has arrived – here are seven interesting facts you should know about the clock change It's a necessity resulting from the introduction [...]
Fitbit share price jumps 52 per cent on market debut in New York June 18, 2015 Shares in wearable fitness gadget maker Fitbit surged 52 per cent in their stock market debut across the pond yesterday, valuing the firm at more than $4.1bn (£2.6bn). The shares, which are now traded on the New York Stock Exchange under the ticker FIT, were priced at $20 per share for the initial public [...]
Fitbit share price opens 55 per cent higher on stock market debut June 18, 2015 Shares in fitness tracking technology maker Fitbit opened 55 per cent higher at $30.40 as it launched its initial public offering today. The company made its debut on the New York Stock Exchange this morning at $20 per share under the ticket FIT, raising $732m. It is now valued at more than $4.1bn. You can [...]