Bill Gross invested over $700m in Janus Capital helping it record first inflows in five years January 22, 2015 So-called "bond king" Bill Gross has pumped more than $700m (£465m) of his own money into Janus Capital, helping the group to mark a significant new milestone. Janus' released its fourth-quarter results today, and the fund's profit beat market expectations, recording inflows for the first time in five years. "At the end of 2014, Bill [...]
US firm Shutterstock snaps up British photographic press agency Rex Features for $33m January 15, 2015 US firm Shutterstock, a leading provider of commercial digital imagery and music, yesterday agreed to buy British photographic press agency Rex Features. The New-York based firm will pay $33m (£21.7m) for Rex, which is the largest independently-owned photographic press agency in Europe. Based in London, Rex provides media companies and advertisers with current affairs [...]
Alibaba could move into Indian market with $500m investment in One97 Communications January 12, 2015 Alibaba could soon expand its global influence by purchasing a stake in India’s One97 Communications for over $500m. Alibaba and payment service provider unit Alipay are said to be in advanced talks to buy between 30 and 40pc of the Indian company which owns mobile payment platform Paytm. According to Reuters sources, One97 [...]
US markets suffer worst fall in months – New York Report January 5, 2015 THE S&P 500 had its worst day in almost three months yesterday, with energy shares leading the decline as global economic concerns were compounded by swooning oil prices. The S&P closed off 1.8 per cent in its first four-day losing streak since December 2013 and its biggest drop since 9 October. It fell as much [...]
Charles Li tells Santa all about big bad Alibaba December 22, 2014 Writing a letter to Santa is pretty standard at this time of year, mostly for those between the age of four and nine. But penning a note to Little Saint Nick isn’t beyond some middle-aged finance chiefs, The Capitalist hears. Charles Li, the chief executive of the Hong Kong Stock Exchange, has written a [...]
Camden Market owner Market Tech Holdings valued at £844m after first day of trading on Aim December 22, 2014 Market Tech Holdings, the company that owns the iconic Camden Market, has a valuation of £844m after its first day of trading on the alternative investment market (Aim) of the New York Stock Exchange. Shares in the company which combines real estate assets with an e-commerce platform jumped by 12.5 per cent from their [...]
Hong Kong stock exchange chief exec Charles Li writes to Santa to lament loss of Alibaba IPO December 22, 2014 Writing a letter to Santa: At primary school it’s expected, for early teens it’s understandable, for sixth formers it’s a little strange. But for the chief executive of one of the world’s biggest stock exchanges it’s downright bizarre and just a bit bonkers. Charles Li, chief executive of the Hong Kong stock exchange [...]
The hour-long lunch break: Is it worth taking? December 15, 2014 Even well-known executives aren’t afraid to take some “me time”. Bill Gates and Warren Buffett have been known to take them together. The French often take twice as long as the rest of us (and the Italians longer still), while 20 per cent of Brits claim not to take one at all, according to [...]
23 pictures that sum up 2014 December 15, 2014 The year is drawing to an end so it's time to take a look back at 2014 in pictures. In January, workers at the French Goodyear factory went on strike and then took two executives hostage after it was announced that the company was going to close the plant, with the loss of more [...]
Snap! Instagram leaves Twitter in the dust with 300m daily users December 10, 2014 FACEBOOK’S photo-sharing service, Instagram, yesterday said it now had more than 300m users sharing over 70m photos and videos each day. Meanwhile, microblogging service Twitter, which recently listed on the New York Stock Exchange, reaching a valuation of $23.4bn (£14.8bn), had just 284m active users, according to its website. Instagram, bought by Facebook in April [...]