Broker the right deals when buying overseas shares September 17, 2014 Investing in overseas shares can be rewarding, but keeping a close eye on foreign exchange costs is must to ensure maximum return on investment. Andrew Woolley, executive director of international payments, runs through some key considerations: “To keep foreign exchange costs to a minimum it’s wise to team-up with an overseas stock broker and a [...]
Alibaba hikes price range September 15, 2014 CHINESE web giant Alibaba last night raised the indicated price range for the shares it is selling on the New York Stock Exchange later this week. The e-commerce firm had expected to sell around 320.1m shares at a price between $60 and $66 each, but in a filing with regulators, the company announced that it [...]
Alibaba IPO: Share price range increase as e-commerce firm nears listing September 15, 2014 Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week. The Chinese e-commerce giant had expected to sell around 320.1m shares at a price between $60 and $66 each, yet in a filing with the Securities and Exchange Commission, the company announced [...]
CME poaches NYSE’s Amsterdam chief exec September 11, 2014 THE NEW York Stock Exchange’s Amsterdam arm lost its chief executive yesterday as rival CME Europe hired Cees Vermaas yesterday. CME has expanded aggressively in Europe in recent years and wants the industry heavyweight to help it keep on growing.
New York Report: Energy prices stop big falls September 11, 2014 US STOCKS recovered from early losses yesterday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support. The Dow Jones industrial average fell 19.71 points, or 0.12 per cent, to 17,049, the S&P 500 gained 1.76 points, or 0.09 per cent, to 1,997.45 and the [...]
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 [...]