Cybersquatting soars to record levels February 26, 2017 Cybersquatting is at highest levels in five years according to commercial law firm, EMW. So-called cybersquatters register domain names of existing companies in an effort to re-direct online traffic to their own site or to get the company to purchase the domain name for large amounts of money. This leads to legal disputes over website [...]
Watch live: The new back-to-basics Nokia 3310 launch February 26, 2017 Try to contain your excitement: the back-to-basics phone you've been dreaming about, the Nokia 3310, is due to be unveiled by parent company HMD Global at Mobile World Congress in Barcelona today – and we've got the live stream right here. The rumoured new phone will be unveiled alonside two new smartphones at 3.30pm UK [...]
Bitcoin hit an all-time high this morning February 24, 2017 Bitcoin rose to an all-time high this morning according to a widely followed measure, breaking the $1,200 mark for the first time ever before dropping back steeply. The cryptocurrency rose to a peak of $1,206.60 (£960) early on Friday morning, according to Coindesk, which uses measures from multiple exchanges to determine a price. The price [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman recently [...]
Prices on the rise: What next for inflation? February 23, 2017 Inflation is waking up Most of the major central banks are predicting rises in inflation. Price pressure was already beginning to build in 2016 as the world economy showed signs of improvement. Now the policies of a new Trump administration – lower taxes and increased government spending – could increase that pressure. The expectation among [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman [...]
Manchester United conquer China: Premier League giants leapfrog Bayern Munich in digital performance according to new ranking February 23, 2017 Manchester United’s pre-season tour to China last summer helped the club become the most influential football team online in the burgeoning football market, according to a new report. For the first time, the Premier League giants have taken the top spot in the annual ranking from Shanghai-based sports consultancy Mailman of the best-performing clubs online [...]
PSA nearly doubles profits as it announces first dividend in six years ahead of Opel takeover February 23, 2017 As PSA's proposed takeover of General Motors' European business looms, the French maker of Peugeot and Citroen announced net profit nearly doubled last year. Read more: Unite plans to meet PSA on Friday for clarity over growing job concerns The figures The company posted better-than-expected full-year results and also announced it will pay shareholders the [...]
Going Dutch: Fieldfisher to launch in Amsterdam in May February 21, 2017 Fieldfisher announced today it is opening a new office in Amsterdam in May. The Dutch endeavour will be structured under a Swiss Verein model and will have five partners, all from Kennedy Van der Laan. "We've been looking at setting up an office in the Netherlands for a while," said Michael Chissick, managing partner of Fieldfisher. "We've [...]
BHP Billiton swings back to profit on strong commodity prices and boosts its interim dividend February 21, 2017 Global mining giant BHP Billiton today revealed a boost to its interim dividend after posting a swing back to profit due to higher iron ore prices. The figures For the six months to 31 December 2016, BHP Billiton said it made an attributable profit of $3.2bn (£2.6bn), up from a loss of $5.7bn the previous year. Underlying earnings before interest, tax, depreciation and [...]