Hilton shares dip as strengthening dollar spells tough 2015 for US hotels February 18, 2015 Hilton Worldwide Holdings’ share price has dipped in morning trading on the New York Stock Exchange as it said a stronger dollar could spell tough times ahead. Shares fell by as much as 2.5 per cent in early trading to $27.9 per share. The figures Hilton’s results for the 2014 calendar year show the hotel group [...]
Manchester United share price soars following record Premier League TV deal February 11, 2015 The record £5.14bn Premier League TV deal is still a season and a half away from kicking in, but some clubs are already feeling the benefits. Manchester United’s share price rose on the New York Stock Exchange yesterday, rising by almost five per cent to a price of $17.03 per share. The [...]
London mayor Boris Johnson’s trade mission helped by $40m investment in life sciences and technology companies February 10, 2015 Boris Johnson's most recent trade mission was helped by news of a $40m (£26m) investment from two US companies yesterday, boosting the capital's reputation for cultivating life science and technology industries. The London mayor is currently on a US trade mission in a bid to attract investments for British businesses. Heavy snowfall means he's currently [...]
Alibaba moves into smartphone market with £400m investment February 9, 2015 Chinese e-commerce giant Alibaba has bought a $590m (£388m) minority stake in Chinese smartphone maker Meizu. The move signals Alibaba’s first major foray into smartphone hardware as it looks to build a platform for its YunOS mobile operating system. In a joint statement, the two companies said they will collaborate “to achieve [...]
Obituary John Whitehead February 8, 2015 John Whitehead, a former senior partner and co-chairman of Goldman Sachs who helped make it a top-tier Wall Street firm and led its international expansion, has died, the investment bank said. He was 92. Whitehead joined Goldman Sachs in 1947 and worked his way to the highest rung of its corporate ladder before leaving after [...]
Yelp share price crushed as investors give slow growth a bad rating February 6, 2015 Yelp’s share price has crashed in early morning trading on the New York stock exchange, even after the business ratings service announced its first ever annual profit on Thursday. Stock in the San Francisco-based company is down by almost 20 per cent, at a price lower than $47 per share. Yelp's shares ended [...]
Twitter share price soars following massive increase in revenue February 6, 2015 Twitter’s share price is soaring in early trading on the New York Stock Exchange. Investors have shrugged off any concerns about slow growth in monthly active users and are instead being swayed by fourth-quarter revenue that came in ahead of expectations. Revenue at the social media company reached $479m (£314m) for the [...]
Singapore fund boosts stake in TV firm Nielsen February 5, 2015 SINGAPORE’S sovereign wealth fund GIC has increased its stake in data company Nielsen, and now holds five per cent of the firm’s common stock. According to a US Securities and Exchange Commission filing, the stake comprises of 18,788,010 shares, which has a market value of $16.7bn (£10.9bn). The amount paid by GIC to increase its [...]
Door and window manufacturer Eurocell unveils London listing… February 4, 2015 EUROCELL yesterday became the latest small company to announce its intention to sell shares to public investors and list on the London Stock Exchange. The Romford-based company, which specialises in the creation of PVC windows and doors, is owned by H2 Equity Partners, a private equity group, which is looking to sell off some of [...]
LendInvest IPO: P2P mortgage firm hoping to be City’s first public crowdfunding site February 2, 2015 Peer-to-peer (P2P) mortgage firm LendInvest is hoping to be the first crowdfunding business to list on the London Stock Exchange with plans afoot for its debut in the next 12 months. The group’s chief executive Christian Faes told City A.M. that while the business has yet to appoint bankers to work on it, he said [...]