Will Bitcoin make it? July 18, 2018 Questions still surround bitcoin. After all, the digital currency experienced wild highs and outrageous lows in 2018 — its value has risen above US $19,000 and sunk below $6,000 per coin. The first question might be which version of bitcoin to focus on. Besides bitcoin’s initial incarnation, there are the products of bitcoin’s various hard [...]
Unilever shares drop as position in the FTSE looks uncertain June 14, 2018 Unilever has said it is unlikely to remain in the FTSE indexes after its planned move to a single headquarters in Rotterdam. Under plans announced in March, Unilever will ditch its dual-structure system, abandoning London in favour of The Netherlands. At a presentation today, chief financial officer Graeme Pitkethly said the company was "extremely unlikely" [...]
City watchdog Andrew Bailey defends controversial rules to clear way for Saudi Aramco London listing June 11, 2018 The top financial watchdog has split the City with controversial changes to listing rules which could allow Saudi Aramco to list in London, but Financial Conduct Authority (FCA) boss Andrew Bailey insists the reforms will raise standards. From July the regulator will create a new category with less strict requirements within its “premium” rules for [...]
City watchdog to reveal decision on Saudi Aramco listing category – six months late June 3, 2018 The Financial Conduct Authority (FCA) will this week unveil its decision on plans to offer a new listing category in a bid to attract Saudi’s massive oil company Aramco to list in the UK – six months later than initially planned. The City watchdog will announce its response to a consultation on a “premium listing” [...]
Cloud computing software firm Maestrano announces £12m float on London Stock Exchange May 29, 2018 Open cloud business integration platform Maestrano is to announce its intention to float on the Alternative Investment Market (Aim) of the London Stock Exchange today, with its market capitalisation at the point of admission coming in at £12m. Grant Thompson LLP has been appointed as a nominated adviser, with Arden Partners as sole broker to [...]
Snap eyes up revenue growth with launch of new edition of Snapchat Spectacles April 26, 2018 Snap will be hoping for a change in fortunes with the launch of its new version of wearable Snapchat Spectacles. The specs look like regular sunglasses, but carry a camera that allows the user to take 10-second clips that can be sent to a user’s Snapchat app. The company’s first edition of the glasses led [...]
Hot stuff: How to trade on good weather without getting burnt April 24, 2018 Using data on 13.82m cab rides from January to October 2009 in New York City, combined with statistics on hourly levels of solar radiation, a recent study entitled “Taxicab tipping and sunlight” found a significant positive relationship between sunlight and tipping. The study, by Srikant Devaraj and Pankaj Patel from the Miller College of Business [...]
Shutterstock CEO Jon Oringer on putting profit first and selling his billionth image | City A.M. April 9, 2018 Many moons ago, there was a game called GoogleWhack. The objective was to return only one hit from a Google search query consisting of just two words. Naturally, with billions of pages indexed, it’s quite tough, and today, probably impossible. I propose a new, but similar, game using Shutterstock. Type in any two words, and [...]
New York Stock Exchange owner Intercontinental Exchange buys Chicago Stock Exchange April 5, 2018 The owner of the New York Stock Exchange has agreed to acquire the Chicago Stock Exchange. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has agreed to buy the Chicago Stock Exchange (CHX) for a reported $70m (£50m), although the two sides did not disclose terms. The deal comes after a [...]
Spotify begins trading on the New York Stock Exchange amid Wall Street tech rout April 3, 2018 Music streaming service Spotify began trading on the New York Stock Exchange (NYSE) today at $165.90 (£117), a 34 per cent increase on the initial set reference price. The opening price puts the company’s value at nearly $30bn, making it one of the largest US listings for a tech company in history. The public listing [...]