Knight Capital supports Nasdaq offer to boost compensation pot August 30, 2012 US broker Knight Capital has backed an improved compensation pot of $62m (£39.2m) from the Nasdaq stock exchange over losses incurred after the botched Facebook float in May, it was revealed yesterday. The broker was threatening to sue Nasdaq over the errors, which caused market makers like Knight to lose millions after a glitch meant [...]
Focus on: Wimbledon August 30, 2012 Wimbledon has become one the most popular places to live in London, with Wimbledon Village being near the top of the tree. Easy transport links make it ideal for those who want quick access to the city, whilst reaping the benefits of a quieter suburban life. On the fast train, you can expect to be [...]
Analyst Views | What do you think of BHP billiton’s annual results? August 22, 2012 JONATHAN JACKSON KILLIK & CO Although risks to global GDP growth remain, the current rating of the stock remains attractive and we therefore reiterate our positive recommendation on the stock, which provides exposure to the themes of urbanisation and industrialisation across the developing world. RICHARD KNIGHTS LIBERUM CAPITAL In the medium term we expect supportive [...]
City Moves | Who’s switching Jobs August 21, 2012 Chartered Institute of Internal Auditors David Lyscom has been appointed policy director of the professional membership body. He is a former UK ambassador to the Organisation for Economic Cooperation and Development (OECD), and was also previously UK ambassador to Slovakia and the International Energy Agency (IEA). He will report to Dr Ian Peters, the institute’s [...]
China rivals in bid battle for African Barrick August 16, 2012 SHARES in African Barrick Gold (ABG) jumped by eight per cent in trading yesterday on news that it could be the subject of a £1.5bn bid battle. A source close to the company said several bidders were circling the London-listed gold producer, which is 74 per cent-owned by its parent Barrick Gold, but only a [...]
House prices in Olympic slump August 16, 2012 House prices were clobbered in their biggest ever August fall, as the Olympics depressed housing market activity, said Rightmove in research published today. Prices fell 2.4 per cent, the largest fall Rightmove has ever recorded for August. Online search activity plunged during key Olympic moments such as “super Saturday” and the opening and closing ceremonies, [...]
Cineworld banking on 007 and Batman for second half growth August 16, 2012 CINEWORLD, Britain’s biggest movie theatre group, said it expects performance to pick up in the coming months as blockbusters including the new James Bond film are released. The company posted a modest rise in revenues in the first half of the year to £165m, as a five per cent hike in ticket prices offset a [...]
Big beasts of Britannia Cup take stage as rest of boats bide time August 13, 2012 WE could easily feel a bit down now that the Olympic flame has been extinguished in London, but it’s such an uplifting sight to cross the water from the mainland to Cowes on the Isle of Wight and see more than 800 boats out on the water, racing in one of the world’s largest and [...]
Red Devils fail to soar – it’s no crash but it’s still a risky result August 12, 2012 DESPITE a last-minute discount, the Glazers have got their wish with Manchester United: a high valuation and a significant windfall for the US-based family that acquired the club in 2005. As of Friday, Manchester United is worth an implied £1.43bn, making it the most valuable football team in the world. The wealthy fans known as [...]
Cowes can fill Olympics void August 12, 2012 2012 has delivered a fantastic ‘Best of British’ atmosphere over the last few months. The Queen’s Jubilee and the London Olympic Games have started the patriotic waves, and they are set to continue at Aberdeen Asset Management Cowes Week, and this time the waves are being created in The Solent. Cowes Week is as much [...]