Keane hits out at stars over United manager sacking April 22, 2014 FORMER Manchester United captain Roy Keane last night laid the blame for manager David Moyes’s sacking squarely at the feet of his players. The former Everton boss’s brief reign was brought to a close yesterday morning, and Keane believes United should have been more patient. “He should have been given more time but some of [...]
Asian markets rise as Yellen reaffirms commitment to low rates April 17, 2014 Asian markets have seen minor gains after the US posted better than expected industrial production figures, and the chair of the Federal Reserve Janet Yellen reaffirmed the Fed's commitment to supporting the recovery. Investors were reassured by Yellen's remarks to the Economic Club of New York that the US would "likely require low real interest [...]
Alibaba heads towards $200bn New York float April 16, 2014 CHINESE e-commerce titan Alibaba could reach a market valuation of over $196bn (£116.7bn) on its stock market debut, according to IG’s grey market trading leading up to the float. Alibaba, which offers a mix of commerce services somewhere between Amazon and eBay with a transaction volume larger than both combined, is expected to file its [...]
Irish pharma giant joins deal bonanza April 7, 2014 IRISH-based pharmaceutical giant Mallinckrodt joined the merger frenzy yesterday by announcing it will buy drugmaker Questcor Pharmaceuticals for around $5.6bn (£3.37bn). The US firm, which has headquarters in Dublin, was keen to gain access to Questcor’s multiple sclerosis drug, Acthar Gel, which is forecast to hit sales of $1bn this year and $1.9bn by 2018. [...]
GrubHub targeting $2bn New York Stock Exchange valuation April 1, 2014 GRUBHUB, the US food delivery service similar to Britain’s Just Eat, has raised its expected share price range up to between $23 and $25 ahead of its listing on Friday. The price range will raise GrubHub about $176m from its initial public offering (IPO), with a top end valuation of around $1.9bn (£1.14bn). GrubHub, backed by [...]
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 [...]