US officials investigate claims trader used insider information to profit from Activision’s Microsoft deal Insider trading US officials have launched an investigation into whether the son of a Belgian fashion designer and a Swiss born aristocrat used insider information to profit off of Microsoft’s $68.7bn acquisition of games developer Activision Blizzard. US authorities are investigating a meeting between Activision chief executive Bobby Kotick and options trader Alexander von Furstenberg on [...]
Best of travel: Coachella’s lesser known Desert X festival To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Laura Millar’s exploration of Coachella’s other contemporary art festival. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• The locals were… curious. For the past few weeks, as they’d [...]
Best of travel: Eating and drinking with the St Petersburg locals To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari’s trip to St Petersburg, the cultural heart of Russia. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• There are not many places that have left me [...]
GameStop shares up 60 per cent in Reddit-driven tug of war January 25, 2021 Shares of US videogame retailer GameStop were up 60 per cent today, as online traders who appeared to congregate on Reddit continued to cause the stock price to rocket. Shares in GameStop are up 250 per cent so far this year, which has been attributed to short-sellers quickly buying back into the stock to cover [...]
Before the bell: Quiet start for Europe as all eyes are on US data November 25, 2020 It was another bullish day for global stock markets yesterday as sentiment was lifted by the vaccine hopes as well as the prospect of President Trump departing from his role in January in a calm and measured manner. The update on Monday from AstraZeneca-Oxford University that its potential Covid-19 vaccine has made great progress in [...]
EU markets watchdog working on ‘Plan B’ to move euro clearing from London October 14, 2020 The European markets watchdog is working on a “Plan B” that would move clearing of euro-denominated derivatives out of London if the bloc decides not to grant the UK long-term access to its markets. The London Stock Exchange’s LCH unit has been given permission by the bloc to continue clearing derivatives for EU customers for [...]
CMC Markets lifts profit expectations amid high market volatility from Covid-19 pandemic panic October 8, 2020 CMC Markets lifts profit expectations amid high market volatility from Covid-19 pandemic panic
Sam Torrance: Patrick Cantlay back to winning ways with a little help from Jack Nicklaus June 3, 2019 Patrick Cantlay and Jack Nicklaus go back a long way, to when a young Cantlay earned the award named after the great man for the best player on the American college circuit eight years ago. Nicklaus has continued to look out for his protege, watching as Cantlay set a new record for the most weeks [...]
Shipping firm hit with £850,000 fine for paying bribes in Angola June 3, 2019 A shipping firm was today fined £850,000 for bribery in Angola that secured it contracts worth $20m (£15.8m). FH Bertling, which was the UK arm of German shipping company Bertling and is now in liquidation, paid bribes of more $350,000 to a local state oil company official. After an investigation starting in 2014, the Serious [...]
Weekly Grill: Double Michelin starred chef Hélène Darroze talks about her new restaurant in Paris, the joy of boiled eggs and cooking for Jacques Chirac June 3, 2019 Who are you and what do you do? My name is Hélène Darroze, I am a cuisinière and mother. Most Londoners will know me from my eponymous restaurant, Hélène Darroze at the Connaught, which holds two Michelin stars. What’s new? I’m opening a new restaurant, Marsan in Paris. It’s in the same location as my [...]