New York wins big in global IPO boom – and that’s even before Snap’s flotation is counted March 2, 2017 The New York Stock Exchange (NYSE), home to this week’s eagerly-awaited IPO from Snap, has been the most popular exchange for new listings globally so far this year. The findings come as new data shows that the number of flotations worldwide has surged to levels not seen since before the credit crunch. With 187 offerings [...]
Snap raises $3.4bn in biggest tech float since Facebook March 1, 2017 Snap raised $3.4bn (£2.8bn) amidst strong demand for shares in a New York float that gives it the biggest tech valuation since Facebook. The owner of popular messaging app Snapchat is now valued at $24bn, higher than the $22.3bn expected, Reuters reported. Snap sold 200 million shares at $17 per share, above the range it [...]
These are the five hottest new phones from MWC 2017 March 1, 2017 Nokia 3310 Around £40 nokia.com This unexpected reboot of Nokia’s iconic late 90s handset blew the minds of every 30-something year old at MWC. Made by HMD (the Finnish startup that bought the rights to the Nokia name) this homage to the 3310 roughly mimics the original design while making a few concessions to modernisation. [...]
Bitcoin has hit yet another record high March 1, 2017 It's another good day to be a bitcoin investor, after it hit another record high ahead of a landmark ruling by the US Securities and Exchange Commission (SEC). The cryptocurrency rose as high as $1,228.56 in the mid-afternoon, London time – more than two per cent higher. The gain means bitcoin has now risen more than [...]
Who are Grand Theft Auto’s new contenders on the block? February 27, 2017 Imagine inventing an awesome digital game. It then reaches global domination in sales. The fruits of becoming a billionaire might even be incidental to the sheer satisfaction of creating a global best-seller. And especially so when you work hard and play even harder. £4.2bn in UK consumer spend The UK game industry is booming: According to the Association for [...]
Days of promise lie ahead for British firms selling to booming Asian markets February 27, 2017 I returned yesterday from my latest trade mission to Hong Kong, mainland China and South Korea, which I undertook with the aim of exploring business opportunities across Asia for Britain. This is a crucial moment for the UK’s economic relationship with key overseas partners, in particular China, and expanding our economic ties in the most important [...]
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 [...]