All about the price tag? Yahoo’s price Tumblrs by hundreds of millions as Verizon closes in on a deal February 16, 2017 Verizon is close to agreeing a discount of up to $350m (£280m) on its purchase of beleaguered tech giant Yahoo. The US telecoms giant agreed to pay $4.8bn for Yahoo last year, but has been trying to renegotiate the deal in the wake of two mammoth cyber attacks on the business. Sources told Reuters an updated [...]
Winning the battle for completely free trade post-Brexit will vastly increase UK prosperity February 16, 2017 Economists for Free Trade (of which I’m part) is launching today to make the case for the UK to run completely free trade once we leave the EU in 2019. Our aim is simple. We want Britain to lead the world on free trade. Our group has been formed to fight the battle which needs [...]
Electronic broker’s boss doesn’t know what is Nex after success of Trump rally February 15, 2017 Trumped-up earnings at Nex, the fancy new name of financial broker of Icap, were not enough to stop its share price from sliding over two per cent this morning. Group revenue was up 11 per cent in the three months to the end of December on a constant currency basis, meaning its nine month performance was [...]
The business secrets behind Real Madrid’s Champions League success (hint: it’s not just the galacticos) February 15, 2017 Any mention of Real Madrid and most would think of lavish transfer fees, “galáctico” celebrity signings, huge riches and — of course — a sparkling trophy cabinet stuffed with silverware. Madrid take on Napoli in the Champions League tonight ranked among the favourites to win the competition, a feat that would secure them both a record [...]
Struggling Co-op Bank is up for sale, but analysts warn nobody may want to, or be able to, buy February 13, 2017 The Co-operative Bank announced this morning it was putting itself up for sale, but analysts have warned it might be tricky to find somebody to snap up the struggling bank. The bank, which is currently 20 per cent owned by the wider Co-operative Group, had been undertaking an ambitious turnaround plan, after a £1.5bn black hole [...]
MPs add to calls for fairer overdraft charges February 8, 2017 MPs have today added to calls to urgently review overdraft charges, placing a cap on the amount lenders can levy if needs be. Rachel Reeves, the Labour MP who brought this morning's Westminster Hall debate, described some of the current levels of overdraft charges as "disproportionate with the offence you have committed", adding: "I don't [...]
Ofgem’s price cap on prepayment meters will save Brits £80 per year February 7, 2017 Britain's energy regulator has announced a price cap that could save more than 4m households around £80 per year. Ofgem's temporary cap on prepayment meters is one of the results of the Competition and Markets Authority (CMA)'s two-year investigation of the energy market. The levels of the cap vary for electricity and gas, by meter type and region, [...]
Vodafone shares lose momentum: Analysts reflect on Indian and UK concerns February 2, 2017 Pricing pressure in both Europe and India continued to weigh on Vodafone, after the telecoms giant revealed its third quarter trading today. Organic group service revenue grew by 1.7 per cent during the third quarter to December, a touch ahead of market consensus expectations of 1.6 per cent. Shares initially fell nearly three per cent [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an effect. [...]
How Trump’s presidency might affect your investments February 1, 2017 While Donald Trump’s presidency is not the only factor that could affect investments in 2017, it is potentially a major one. Trump’s plans to boost employment, rebuild infrastructure and bring businesses back to the US could have massive repercussions, both positive and negative, for global trade and growth. His policies have already had an [...]