Sky rebrands Movies to Cinema as it regroups amid growing competition from online streaming sites June 15, 2016 Broadcaster Sky is hoping a change to its popular film channels will be able to arrest the recent downward trend in its share price. TV networks around the world are battening down the hatches against a rising tide of competition. From 8 July, Sky will premiere a new film every day on its movie channels. [...]
E3 Round-up: All the top announcements from PlayStation VR and Xbox One S price and release date to Arkham VR, Death Standing and The Last Guardian news June 15, 2016 Every year, the world’s gaming press jets off to Los Angeles to be wowed by Sony, Microsoft, Nintendo and all the top games developers, who lay out their plans for the future of the industry. This year there was a big push for virtual reality, with the big players throwing their weight behind the nascent [...]
Affectv founder Glen Calvert talks hiring and firing in a fast-growth firm June 14, 2016 It's a sign of the times that Glen Calvert, now 33 and with over seven years’ experience managing startups, doesn’t see himself as a young entrepreneur. Nonetheless, getting stuck in with his first company at 25 meant the learning curve was steep. He had passion, drive, and knowledge of his industry. What he lacked was experience [...]
At the close: £30bn wiped off FTSE 100 as Brexit fears mount June 14, 2016 Financial markets were plunged into turmoil today as the latest Brexit opinion polls sent investors running for the hills, wiping tens of billions off the value of the UK's leading companies. The FTSE 100 shed two per cent to end the day at 5,923.53 – its lowest close since 24 February – knocking roughly £30bn [...]
Former Standard Life director in line for top governance position at Woodford’s fund June 14, 2016 Neil Woodford, the star City investor, is set to name ex-Standard Life director Marcia Campbell as the next chair of its oversight board. Campbell – who held various roles at Standard Life over the course of two decades, including running its operations in the Asia-Pacific region – will replace Mary Reilly, who has beenin the job since the position was created in 2014. [...]
German borrowing cost turn negative for the first ever time as investors rush to safety June 14, 2016 The latest key milestone in the new low interest rate era was breached this morning. After months of precipitous declines, yields on the German 10-year bund turned negative in the first few hours of today's trading, hitting minus 0.03 per cent, before settling at minus 0.02 per cent. That means investors are paying the German government to take [...]
Microsoft’s LinkedIn deal is right connection June 14, 2016 Microsoft's $26bn bid for LinkedIn is certainly punchy. The company founded by Bill Gates will pay $196 per share, a near 50 per cent premium on Friday's closing price. Analysts see the value in the deal. With the acquisition, Microsoft is delving deeper into the “world of work” according to Martin Garner of CCS Insight. [...]
What will central banks do next? Prepare for more unconventional monetary policy, experts warn June 14, 2016 Eight years since the global financial crisis, and central banks are still experimenting with ever-more unusual ways to fire up their economies. “We have had QE money printing, QE involving corporate bonds, very cheap loans to banks, and in the US they have been buying up troubled assets,” explains Jim Leaviss of M&G Investments. But despite [...]
BAE Systems boss warns employees of uncertainty in the UK in stark Brexit warning June 13, 2016 Defence and aerospace group BAE Systems has warned its staff of the risks of Britain leaving the EU. The company's CEO Ian King told employees in a note on the BAE Systems' internal website that Brexit would bring a "period of uncertainty", Sky News has reported. "From early on we have made clear our company view that remaining part of [...]
At the close: FTSE 100 sinks as Brexit fears send sterling to two month lows June 13, 2016 Resource stocks made up the majority of only a handful of risers on the FTSE 100 today as investors fretted over Brexit and sterling took a beating. The FTSE 100 closed at 6,044.97 – down 1.16 per cent on the day – and at its lowest level in three months. In March it was trading as low as 6,036, though had [...]