Facebook costs may hit $200m June 7, 2012 Losses by banks and brokerages due to Facebook’s botched debut on the Nasdaq exchange last month may be as high as $200m (£128m), Thomas Joyce, chief executive officer of Knight Capital, said yesterday. Nasdaq said on Wednesday that it would offer $40m in cash and rebates to clients harmed by its mishandling of Facebook’s market [...]
Nasdaq offers a $40m apology after Facebook’s botched float June 6, 2012 NASDAQ yesterday apologised for botching Facebook’s first day of trading as its $40m (£25.8m) compensation offering was approved by regulators. Chief executive Robert Greifeld said the stock exchange “owes the industry an apology” for the technical problems that plagued Facebook’s Nasdaq debut on 18 May. The tech-favourite bourse said it will offer $13.7m in cash [...]
London property surges as cash flows out of troubled nations June 5, 2012 INVESTORS fleeing the Eurozone crisis have helped push prime London property prices even higher, according to figures out today from Knight Frank, although the new higher rate of stamp duty on houses above £2m has slowed the pace. Prices rose 0.7 per cent in May, taking the annual rise to 10.7 per cent and leaving [...]
GSK in plan to axe all Human Genome board May 31, 2012 GLAXOSMITHKLINE (GSK) plans to launch a campaign to replace the entire board of Human Genome Sciences with its own nominees, stepping up its £1.67bn hostile bid for the US biotech company, sources said yesterday. The British company has started reaching out to executives in the pharmaceutical industry as well as finance and governance experts who [...]
Facebook claims could top $100m May 24, 2012 Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100m, as they and other traders continue to deal with thousands of problems with customer orders. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. Four of the top market [...]
Wall St edges higher in last minute swing May 24, 2012 US stocks ended slightly higher in a third session marked by late day swings yesterday, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending. Major indexes were lower for much of the session, as investors found little reason to buy following three days of gains. [...]
Two Grade-II dream homes: one with world-class equine facilities May 24, 2012 Burnham Westgate Hall, Norkfolk It’s not every day you describe a potential home as “important” – well, this building is just that: a Grade II* listed Georgian country house by the famous Sir John Soane, set in over 30 acres of beautiful Norkfolk parkland, on the edge of Burnham Market town. Architectural features include a [...]
FOCUS ON: ESHER, SURREY May 24, 2012 CLARE COTTAGE Price: 3.85m This imposing six bedroom house sits on a hill with views across the countryside. The exclusive Clare Hill estate is one of the only private gated residences in the area, with cherry blossom trees and lawned verges on the road. The cottage, which is more than 100 years old, has a [...]
SELL May 24, 2012 MANAGING DIRECTOR KAY & CO Q. I am going to sell my property and I understand that most enquiries now stem from the internet. How can I ensure that my property stands out from the rest? A. Statistics show that 75 per cent of all property related searches now stem from the internet. There are [...]
PROPERTY NEWS IN BRIEF May 24, 2012 EMBERCOURT ROAD Price: £1.2m This five bedroom, four bathroom property has a large drawing room with a feature fireplace and French doors leading to the rear gardens. The property benefits from concrete floors and under-floor heating throughout. A ground-floor study has views out to the front. Contact Savills on 01372 461 900. HOLMBURY Price: £2.3m [...]