Next generation finance: How London can cement its leadership in fintech August 19, 2014 The launch of Innovate Finance, a new body dedicated to supporting fintech (or financial technology) in the UK, at Canary Wharf this month highlighted London’s ability to become the global centre of the sector. They say there is no “fin” in San Francisco and no “tech” in New York – but there is certainly both [...]
WeChat app boosts Chinese internet service portal Tencent’s profit August 13, 2014 Tencent, China’s leading internet service portal, yesterday reported a 59 per cent jump in profit during the quarter to the end of June on the back of a boom in smartphone gaming and mobile messaging. Mobile game revenue from its messaging app WeChat, and social network Mobile QQ, jumped two-thirds to 3bn yuan (£291.7m) in [...]
What the other papers say this morning – 05 November 2013 November 4, 2013 FINNACIAL TIMES Food prices face sting from bee decline The demise of the humble honey bee has long been bemoaned by naturalists. Now it is alarming traders as it threatens to send prices of nutty snacks and sweets sharply higher, as California’s almond orchards are hit by a decline in bee colonies. Morsi defiant as [...]
BP turns to Australia for cash with £327m Kangaroo issue August 29, 2012 BRITISH oil behemoth BP yesterday announced plans to sell Australian dollar bonds in a rare kangaroo issue. Kangaroo bonds are Australian dollar bonds sold by international issuers. The bond marks the first time that BP has tapped the Australian market for funding. The five-year issue was priced at A$500m (£327m) yesterday, with a coupon of [...]
Investors rush to buy Facebook shares January 6, 2011 GOLDMAN Sachs stopped taking orders for shares in Facebook yesterday, with analysts saying the firm was inundated with offers from investors wanting a piece of the action. Some said that would-be investors were prepared to subscribe for $3bn (£1.9m) of equity in the social networking site, twice as much as is likely to be required. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 17, 2010 FINANCIAL TIMES ITV SET TO ESCAPE RULES BUGBEAR ITV may be close to losing one of its most burdensome regulations after the government said it had powers to intervene in a long-running competition saga under a loophole in the law. City analysts believed the contract rights renewal (CRR) rules were certain to be a drag [...]