RBS scraps Amsterdam listing in latest sign of global withdrawal March 18, 2015 RBS abandoned its listing on Euronext Amsterdam yesterday, as so few traders buy and sell stocks on the exchange. The Dutch listing is a legacy of RBS’ ill-fated acquisition of ABN Amro in 2007, which contributed to the bank’s collapse and subsequent bailout the following year. But since then RBS has slashed its overseas and [...]
Investing in data software businesses: It’s risky, but Europe is warming to it says Tableau chief executive March 18, 2015 In 2003, Silicon Valley data cruncher Christian Chabot founded a company in his bedroom. He wanted to develop a data visualisation software for the masses. This led to the creation of Tableau – now a multinational company worth billions of pounds, of which Chabot is chief executive. It has taken off in a big way [...]
Sony share price jumps following increase in operating profit March 17, 2015 Sony’s share price opened five per cent higher on the New York Stock Exchange on Tuesday, after the company revised its third-quarter operating profit up 2.2 per cent to 182bn yen (£1bn). The company increased its operating profit for the year from the originally reported 178bn yen, which it said was based on [...]
The mansion made for Versace where Mayfair meets Milan March 12, 2015 Many houses are marketed as a fusion of the old and the new, east meets west or even luxury meets shabby chic. But 50 Charles Street is a rare fusion of Mayfair mansion and Milanese palazzo. This unusual combination is the result of one of London’s most ambitious conversion projects, designed to woo one of [...]
Moguldom IPO: US media group taps the London market for cash March 9, 2015 The head of US digital media group Moguldom yesterday unveiled plans to float on the London stock market in a bid to raise the profile of the business around the world. Jamarlin Martin, founder, chairman and chief executive of the group, said listing on the junior stock market would provide a strong platform to help [...]
Entrepreneurship is not the preserve of the young: You can succeed at any age March 8, 2015 Popular portrayals of entrepreneurialism might leave you convinced that the only people who are going to make it in business are twenty-somethings – millennials. But the reality is not nearly so clear cut. My own experience of setting up Zendesk is a testament to the fact that, if you’ve got a great idea and the [...]
Window and door maker Eurocell sees shares surge on stock debut March 4, 2015 SHARES in Eurocell traded up yesterday after the window and door maker’s debut on the London Stock Exchange. The Derbyshire-based firm, spun off by private equity group H2 Equity Partners, priced its shares at 175p, valuing it at £175m. But the company’s shares closed up 6.6 per cent at 186.62p. “We have been delighted by [...]
India primes economy as Narendra Modi’s government lays out pro-growth budget March 1, 2015 Business gave a cautious welcome to the Indian government’s landmark budget yesterday, highlighting its bid to unify the country’s fragmented markets and boost growth through tax cuts and infrastructure investment. “It delivered on all counts. The Prime Minister set out a vision and the budget lays it out as a roadmap,” Karan Chanana told City [...]
Wonga job cuts: The evolution of the UK’s top payday lender February 25, 2015 Wonga founder Errol Damelin Damelin establishes Wonga Wonga was founded by current chief executive Errol Damelin in October 2006. With the help of software engineer Jonty Hurwitz and venture secured from Balderton Capital, Damelin launched wonga.com in 2007. By June 2009, the company had reached 100,000 loans. The firm launched its iPhone app in December [...]
Travelport hits turbulence with ongoing losses February 23, 2015 TRAVELPORT, the UK travel business which recently floated on the New York Stock Exchange, fell yesterday upon reporting its maiden set of quarterly results. Shares in the group closed down 3.5 per cent after the news. The slide came after the group reported a loss of $43m (£27.8m) during its fourth quarter to 31 December [...]