World’s electronics giants hit Las Vegas January 7, 2013 THE WORLD’S technology giants will convene in Las Vegas this week for the industry’s biggest trade event, featuring many of the gadgets that will shape the next 12 months. From tomorrow, the annual Consumer Electronics Show (CES) will see announcements from global brands such as Samsung, Sony and Panasonic, as well as displays from emerging [...]
Quiksilver appoints new chief January 3, 2013 Quiksilver, the Californian group known for its surfwear, said yesterday it has hired former Disney executive Andy Mooney as its new chief executive. Mooney will take up his role next week replacing Quicksilver co-founder Bob McKnight, who will become executive chairman. Mooney resigned as chairman of Disney’s consumer products division last year after 12 years [...]
Spend a month on the wagon as a dryathlete January 2, 2013 NOW that Movember has moved on and Stoptober has passed, Cancer Research UK is challenging thirsty City folk to go dry during January. For those who can’t quite stomach the prospect of a whole month on the wagon, a “golden pass” is a liquid lifeline which grants the bearer 24 guilt-free hours on the sauce. [...]
Knight Capital and Getco to merge making market giant December 19, 2012 KNIGHT Capital, the US market maker which nearly collapsed over the summer after a trading glitch, yesterday said it would merge with its rival Getco Holdings in a $1.8bn (£1.1bn) deal. The tie-up, which will create one of the biggest electronic market makers in the world, will see Knight shareholders receive $3.75 a share, a [...]
Buoyant central London is in an economic world of its own December 10, 2012 IF you work or live in central London, you could be forgiven for not believing that the UK remains stuck in a nasty stagnation, let alone at risk of a triple-dip recession, as Vince Cable intimated yesterday. The shops are full, the tubes jam-packed and new skyscrapers are being built; Fortnum and Mason, the department [...]
FTSE closes flat as low confidence and poor construction data bites December 4, 2012 BRITAIN’S top share index closed flat yesterday, underperforming most European bourses as a swathe of downbeat domestic data outweighed optimism about crisis-hit Spain and Greece. British construction activity shrank last month, and confidence about the next year fell to its lowest in almost four years, as the British Chamber of Commerce said that growth in [...]
Focus on: Kentish Town November 29, 2012 The area has become a popular choice for buyers wanting to be within close proximity of the Heath in Hampstead but whose budgets do not extend to the prices that properties in Hampstead command. There’s a lot to do in the area. Kentish Town has a buzzing nightlife and music scene thanks, in part, to [...]
Getco and Virtu launch bids for Knight Capital November 28, 2012 RIVALS Getco and Virtu Financial have launched bids for Knight Capital in a battle that would see either a merger or sale for the brokerage. While Getco has proposed a $1.4bn (£874m) merger, Virtu Financial has offered to buy Knight for at least $1.1bn. The main attraction for both trading firms is Knight’s US market-making [...]
Olympic chair joins National Express board November 27, 2012 THE HEAD of the Olympic Delivery Authority has been picked to chair transport group National Express. Sir John Armitt was yesterday unveiled as the rail and bus firm’s new chairman from 1 February, replacing John Devaney, who is leaving after four years to focus on other roles. The engineering stalwart has chaired the ODA since [...]
Knight CEO plays down deal talk November 25, 2012 Knight Capital Group, currently in talks with at least two firms on the possible sale of its largest business unit, is well capitalised and would only pursue a deal if it created value for its shareholders and clients, Knight’s chief executive Tom Joyce said in an internal memo. The electronic trading firm has been approached [...]