New York Report: Apple reverses trend sending Wall St higher September 10, 2014 A REBOUND in Apple shares yesterday helped push US stocks higher, breaking the market’s two-day string of losses. The ionone and Iand maker’s shares jumped 3.1 per cent to $101, the most actively traded on the Nasdaq, after several brokerages raised their price targets on the company. Its shares had ended down slightly on Tuesday. [...]
Manchester United share price drops as Ed Woodward refuses to rule out January signings September 10, 2014 Manchester United's share price fell three per cent in early trading on the New York Stock Exchange, suggesting investors are not immediately impressed with the club's record annual revenue of £433m. Manchester United reported strong financial results this morning, with the club's various revenue streams boosted by multiple new sponsorship deals and increased income [...]
Manchester United finances: Club announce record revenues despite seventh-placed finish September 10, 2014 Manchester United may have endured a turbulent time on the pitch last season, but off it, they continued to make remarkable progress. The club released their financial accounts for the 2013-14 season today, which revealed a mammoth total revenue of £433.2m, a 19 per cent increase on last season's £363m. United's struggles on the pitch culminated [...]
Alibaba expects IPO to raise $24.3bn with largest listing in history September 6, 2014 Alibaba expects to raise $24.3bn when it lists on the New York Stock Exchange (NYSE) later this month. If it raises that sum, the Chinese e-commerce giant's initial public offering (IPO) will be the largest in history, giving it a valuation of around $163bn. In a regulatory filing with the US Securities and Exchange Commission, [...]
Alibaba to set IPO wheels in motion as soon as 8 September August 30, 2014 Alibaba's initial public offering to investors could be just over a week away, with the Chinese ecommerce giant expected to launch its IPO as early as the week of 8 September. In what many are predicting will be the largest IPO in history, Alibaba could raise over $20bn (£120bn) when it lists on the New York [...]
Profits up 180pc as Alibaba preps bumper $20bn New York listing August 27, 2014 CHINESE e-commerce giant Alibaba reported its profits almost tripled in the three months to the end of June. Alibaba, which could float on the New York Stock Exchange in the coming weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), from 4.38bn yuan during the same period [...]
Alibaba profits almost triple as it approaches IPO August 27, 2014 Chinese ecommerce giant Alibaba has almost tripled profits in the three months to the end of June. The company, which is thought to be gearing up to float on the New York Stock Exchange in the next few weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), [...]
Taxpayer to cough up £224m after e-borders contract termination ruled unlawful August 18, 2014 The UK taxpayer is facing a £224m bill after a tribunal in Massachusetts ruled that the government had unlawfully terminated a contract with a US defence firm. Raytheon, the US company is question, is to receive hefty payouts regarding a contract to provide the much-maligned e-borders programme, which was commissioned by the Labour government and cancelled by [...]
Chiquita and Fyffes $1bn banana merger may be split August 11, 2014 A MERGER between two of world’s largest banana rivals Fyffes and Chiquita was thrown in doubt yesterday after new suitors weighed in with a rival $610.5m (£364m) takeover bid. Juice maker Cutrale and the Brazilian investment firm Safra announced that they have offered $13 per share in cash to Chiquita shareholders, a 29 per cent [...]
What caused the 2008 financial crisis? Not short selling, it turns out August 8, 2014 It has been asserted that the 2008 financial crisis was precipitated, at least in part, by too many traders using naked short sales to make a profit. According to economist Veljko Fotak from the University at Buffalo School of Management in the US, a number of financial institutions blamed this activity when they had to [...]