KKR’s earnings boosted as assets hit $61bn May 4, 2011 PRIVATE equity behemoth KKR has revealed higher-than-expected earnings for the first three months of this year, pushing the value of its private equity investments sky high. KKR said yesterday its economic net income was up to $742.5m (£449m) for the first-quarter. Total assets under management for the firm hit $61bn, up from $54.7bn a year [...]
Facebook worth up to $100bn May 2, 2011 FACEBOOK is on track to top £2bn in earnings this year, according to leaked figures that suggest a $100bn (£60bn) value for the firm. A report in The Wall Street Journal states Facebook’s growth is well above the expectations that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held internet company. [...]
What bouncing dead cats can teach traders about markets May 2, 2011 WHEN it comes to free-falling stocks, as the adage goes, if you can keep your head while all around you are losing theirs, you have probably failed to properly grasp the situation. However, when the market starts to dive, you should keep an eye out for stock prices to do what has long been known [...]
United have too much power for the Gunners April 27, 2011 ARSENAL vs MANCHESTER UNITED SUNDAY – 2.05PM SKY SPORTS 1 THINGS were starting to go a little pear-shaped for Manchester United with their defeat to local rivals Manchester City in the FA Cup followed by a goalless draw at Newcastle. However, Javier Hernandez once again proved what an outstanding signing he has been for the [...]
Gold rush April 26, 2011 ■ Gold touches a fresh high of $1,518.6 per troy ounce ■ Prices for silver and diamonds also near record highs THE PRICE of gold surged to yet another all-time high yesterday as growing fears over a weaker dollar sent investors scrambling for the safest asset class of all. Gold hit an unprecedented $1,518.6 per troy [...]
Al Fayed bids for Pinewood April 20, 2011 Mohamed al Fayed is understood to be the second mystery bidder in talks to buy James Bond studio Pinewood. The colourful owner of Fulham Football Club is thought to have signalled his interest in making an approach for the iconic studios. It follows an £87.8m bid for the whole firm from Peel Holdings, run by [...]
Grocer takes on Amazon in film rentals April 20, 2011 TESCO’s acquisition of Blinkbox could see it go head-to-head with Amazon in a clash of the retail titans. Amazon recently bought movie rental site LoveFilm and is keen to develop its online movie streaming operations. It is understood Amazon plans to integrate LoveFilm into its Amazon Prime subscription service, giving its premium customers access to [...]
Argos dents Home Retail April 20, 2011 HOME Retail Group boss Terry Duddy yesterday unveiled a massive shake-up at its Argos chain with dozens of new ranges and the launch of a home shopping TV channel. The chief executive admitted that a profit slump at the discount retailer had been triggered by a downturn in high street spending but that more could [...]
FOOTBALL TRADER BEN CLEMINSON ANALYSES THIS EVENING’S NORTH LONDON DERBY April 19, 2011 TOTTENHAM vs ARSENAL 7.45PM SKY SPORTS 1 THERE are always key defining moments in any Premier League title race and Liverpool’s 10th minute injury time penalty has surely put the final nail in the coffin of Arsenal’s challenge. It was a heartbreaking ending for the Gunners and they now need to pick themselves up for [...]
Trading arm is the key to miner’s value April 18, 2011 NEGOTIATIONS over Glencore’s valuation are set to focus on the mining giant’s trading arm as commodity investors worry about the possible departure of key traders and the intangible nature of the people side of the business. “When you have hard assets you know the price for a metal and on that basis you are able [...]