Manchester United share price plummets as club announces player spending in “near term” December 9, 2014 Manchester United’s share price plummeted by over nine per cent on the US stock exchange this morning, after Edward Glazer put 3m of his shares up for sale and the club confirmed further spending on players in the “near term”. After markets in the US closed yesterday Edward Glazer, one of Malcolm Glazer’s six [...]
Intercontinental Exchange exits stake in Euronext with share sale December 8, 2014 INTERCONTINENTAL Exchange (ICE) yesterday announced it was selling its final stake in Euronext, pricing the placement of 4.2m shares. The shares, representing approximately six per cent of Euronext’s share capital, are to be sold by way of an accelerated book-building to institutional investors, at a price of €23 each. ICE said it expected the gross [...]
What the minutes from the Federal Reserve’s October meeting tell us November 19, 2014 The minutes from the Federal Reserve's October 28 – 29 meeting showed little debate between its members on the key aspects of last month's statement. Last month, the Fed stuck to its pledge to keep interest rates near zero for a "considerable time" but gave little indication as to when interest rates would raise. [...]
Christmas countdown: The best shopping destinations in London, from Tiffany’s on Old Bond St to the Hyper Japan market at Olympia November 11, 2014 London is renowned as one of the great shopping centres of the world, a constantly evolving playground for anyone with money to spend and time to spend it. Whether you’re looking for hip new openings – like those from Bally, Richard James and Hackett – or stalwarts that are guaranteed to come up with [...]
Alibaba share price rises to record high as company now worth over $100bn more than Amazon November 4, 2014 Chinese e-commerce giant Alibaba saw its shares rose to a record high yesterday of $106.07 after it reported strong second-quarter results and said it would invest for the long term to expand its customer base. It was Alibaba’s maiden quarterly results since its $25bn (£15.6bn) float on the New York Stock Exchange in September, when [...]
Burger King share price jumps following rise in sales growth and net income November 4, 2014 In contrast to its catchphrase, Burger King did not have things its own way during its third quarter. The fast food company posted figures today showing a net loss of $23.5m in the three months ended 30 September 2014. However, adjusted net income (which excludes tax and other payments) stood at $96.4m, an [...]
Alibaba revenue rises 54 per cent in first quarterly results since IPO November 4, 2014 Alibaba’s first earnings report since its initial public offering (IPO) – the largest in history – was something of a mixed bag. While revenues beat analysts’ expectations, profits fell well below forecasts. Revenues came in at $2.74bn (£1.71bn) for the quarter ended 30 September 2014, beating an expected $2.61bn from analysts polled by Yahoo [...]
Virgin Money re-launches IPO, Virgin America expects to raise $36m from its own offering November 3, 2014 Virgin Money’s stock market flotation is back on the table, as the UK challenger bank is understood to be re-launching its plans imminently. Meanwhile – across the Atlantic – low cost airline Virgin America could be valued at $1bn (£625m) if its initial public offering (IPO) goes to plan. Rocky market conditions last [...]
New York Stock Exchange recovers after “experiencing issues” October 30, 2014 The New York Stock Exchange has returned to business as usual after a brief hiccup with posting and receiving trades and quotes. The problems were blamed on an as yet unspecified issue with the National Market System securities information processor, the network that carries trades and quotes. About ten minutes after the problem had been [...]
Fiat Chrysler share price soars as Ferrari IPO spin-off plans revealed October 30, 2014 Fancy owning a chunk of one of the best known luxury sports car brands out there? Ferrari is being spun off by its parent company Fiat Chrysler Automobiles (FCA) as it looks to ensure the group's “long-term success”, it was revealed today. The spin off will include an IPO, with around 10 per [...]