New York Report: First quarter gains for S&P and Nasdaq March 31, 2014 US STOCKS rose yesterday, with the S&P 500 ending both March and the first quarter of 2014 with moderate gains, after Federal Reserve chair Janet Yellen relieved concerns about a rate hike coming earlier than expected. This was the fifth straight quarterly rise for both the S&P 500 and the Nasdaq, though it was the [...]
High frequency trading to carry on, says Nasdaq March 28, 2014 US REGULATORS are unlikely to put rules in place that would harm high-frequency trading (HFT) as doing so would make trading more difficult and expensive for all investors, Robert Greifeld, chief executive officer of Nasdaq OMX Group said yesterday. HFT is a practice carried out by many hedge funds, banks and proprietary firms using sophisticated [...]
Perfecting the art of seduction with bespoke interiors March 28, 2014 Melissa York talks to Julia Reynolds, the saleswoman who makes every viewing a singular experience THE next time you walk into a show home, take a good sniff. It’s likely that a lot of thought has gone into what permeates your nostrils. The days of sales teams brewing coffee or arranging flowers at strategic intervals [...]
King’s shares crushed on first day trading March 26, 2014 Candy Crush maker’s shares slump 15.6 per cent in first day of New York trading KING, the British game developer behind hit mobile game Candy Crush Saga, was bloodied yesterday during its debut on the New York Stock Exchange, with nearly $1bn (£600m) wiped off its market valuation. Shares in King, which had been priced [...]
Bottom Line: King has to build a wider empire March 26, 2014 NOTHING suggests the triumph of image over substance like sending giant, candy-coloured cartoon figures to stand behind your executives for a New York Stock Exchange debut. Investors refused to be charmed by King Digital’s big-eyed mascots, and instead sent their spirits plummeting as soon as chief exec Riccardo Zacconi declared the US market open. The [...]
King crushes US with $7bn float March 25, 2014 THE BRITISH firm behind hit mobile game Candy Crush Saga will make its stock market debut today, in a blockbuster flotation that values the company at more than $7bn (£4.2bn). King Digital Entertainment, which will start trading on the New York Stock Exchange this afternoon, sold 22.2m shares priced at $22.50 – the midpoint of their [...]
Box joins flood of tech firms listing stock with $250m float March 24, 2014 ONLINE storage site Box last night announced its intention to float on the New York Stock Exchange. The cloud-based business wants to raise $250m (£151.5m) in the initial public offering (IPO). Box has more than 25m registered users and 34,000 paying organisations, and its revenues are soaring – it brought in $124.2m in the 12 [...]
Three tech firms surge to $260bn on grey market March 24, 2014 THREE upcoming initial public offerings (IPOs) from tech firms King Digital Entertainment, Alibaba and Just Eat are all set to beat analyst expectations with a combined valuation of over $260bn (£158bn), according to IG’s IPO grey market. King, the British games giant and creator of Candy Crush Saga, has already hit a valuation of $8.7bn, [...]
Top ten budgeting apps: balance your books with tech downloads March 19, 2014 Now you’ve finished reading about The Budget, have you thought about your own finances? Look no further because technology has the solution. Melissa York introduces the apps that will get you back in the black METER READINGS 99p, Apple App Store Never have an unexpected or inaccurate utility bill land on your doorstep again by keeping [...]
What the other papers say this morning – 19 March 2014 March 18, 2014 FINANCIAL TIMES Labour pledges power to Scotland The Labour party has pledged more powers for Scotland in an attempt to bolster pro-union support six months before September’s referendum on independence. The prospects for devolution have become a battleground between pro-union campaigners and nationalists who argue that only independence would let Scotland decide its economic destiny. [...]