What the other papers say this morning – 02 December 2013 December 1, 2013 FINANCIAL TIMES Mass demonstrations shake Kiev Viktor Yanukovich, Ukraine’s president, was under escalating pressure on Sunday night as hundreds of thousands of protesters poured onto the streets of Kiev demanding the overthrow of his government, after it sought to strengthen relations with Russia at the expense of the EU. With the number of protesters estimated [...]
Fiat boss rules out flotation of Chrysler unit before end of 2013 November 25, 2013 ITALIAN car-maker Fiat said yesterday that a planned initial public offering (IPO) of its US unit Chrysler will not take place this year, prolonging the uncertainty over whether it can reach a deal to buy the stake in the group it does not already own. Yet late last night Chrysler amended its S1 filing with [...]
Trader gets 30 months after Apple wire fraud November 20, 2013 A FORMER trader was sentenced to two-and-a-years in prison yesterday for an unauthorised purchase of about $1bn in Apple stock that eventually led to the demise of financial services firm Rochdale Securities. David Miller, 41, was sentenced by US District Judge Robert Chatigny in Hartford, Connecticut, seven months after pleading guilty to wire fraud and [...]
Burger King takes its first bite into India with joint venture November 20, 2013 BURGER King’s Whopper burgers will be available in India for the first time, after it yesterday announced plans to open its fast food chain in the world’s second most populous country. It will partner with private equity firm Everstone, which specialises in India and South East Asia, to set up a supply chain and establish [...]
Intercontinental completes New York takeover November 12, 2013 INTERCONTINENTAL Exchange’s takeover of NYSE Euronext is complete and stock of the combined company will begin trading under the symbol ICE today, the head of ICE confirmed last night. The deal, which was worth $10.9bn as of 1 November, gives ICE control of Liffe, Europe’s No2 derivatives market, as well as the New York Stock [...]
What you need to know before the open – 08/11 November 8, 2013 Losses in both the US and Asia, after Twitter's strong debut onto the New York Stock Exchange sparked fears of a brewing tech bubble, will see the FTSE100 open -35pts at 6660, says Mike van Dulken, head of research at Accendo Markets. Morning call: we are calling the #FTSE +7 at 6753. — DavidMadden_IG (@DavidMadden_IG) November [...]
Twitter frenzy as investors rush in November 7, 2013 TWITTER held one of the most highly-anticipated public debuts of the year yesterday at the New York Stock Exchange (NYSE) with intense investor interest that caused the company’s stock to jump 92 per cent at the start of trading. The social media darling eventually settled at $44.90 (£27.90) a share, up 73 per cent from [...]
New York Report: Wall St slides as poor results hit sentiment November 7, 2013 FRENZIED buying in Twitter shares grabbed Wall Street’s attention yesterday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The tech-heavy Nasdaq index recorded its biggest daily [...]
Twitter shares debut at $46 on the New York Stock Exchange November 7, 2013 Twitter has made a staggering market debut on the New York Stock Exchange, up over 73 per cent on its initial public offering, at almost $46 (£28.70) per share. Twitter priced its initial public offering (IPO) at $26 (£16.17) per share late last night. Yesterday, IG's grey market had a mid-price of $23.75bn (£14.77bn), implying a [...]
Twitter boosts price ahead of flotation today November 6, 2013 SOCIAL media colossus Twitter priced its initial public offering (IPO) at $26 (£16.17) per share late last night, ready to float today on the New York Stock Exchange (NYSE). The pricing is a dollar higher than the upper range of the previous attempt to value the company, and suggests a total valuation for Twitter of [...]