James Murdoch giving evidence at Leveson Inquiry over BSkyB deal
The price of shares in BSkyB fell by just under 2% as James Murdoch stood in front of the Leveson Inquiry, where he has given evidence into the press standards regarding the planned takeover by of BSkyB by News Corporation.
In the current state the financial markets find themselves in, it is no surprise that investors are feeling on edge about their investments. These concerns are only amplified if they have chosen the equity market as the place to make their money work for them, interestingly what has been witnessed throughout the recent past is investors moving into safer markets.
The banking sector has been under increasing pressure lately, many working in the sector have been blamed for the current economic condition across the UK. Changes to banking practices is a change that many have been calling for, not only because of the big bonus culture that many employees enjoy but because of the faults that have led to the current crash.
Shares have fallen after an announcement by the European Central Bank ruled out any hope of substantial aid to help the eurozone out of a crippling debt crisis. Two particularly vulnerable countries – France, who is in danger of a credit downgrade, and Italy, which is struggling under debt and austerity – had a poor [...]
Shares in internet firm Yahoo rose this week, after reports and wide speculation that Chinese ecommerce giant Alibaba is preparing a takeover bid. Co-operation The detailed speculation is that Alibaba Group, one of China’s largest online retailers, will be purchasing yahoo in co-operation with private equity firms Blackstone and Bain Capital. Thursday’s trading ended with [...]
Thursday’s market activity showed promise as stocks, crude oil, and the euro all showed gains. The activity is attributed to the fears of a euro zone break up diminishing as well as a good result from an Italian debt auction. Italy and Greece Despite this, European shares did fall slightly during the course of a [...]
Markets in the US are also enjoying the stock rally in Europe spurred by EU leaders’ agreement on a plan to solve the eurozone debt crisis. The deal was hinged on banks taking losses of 50% on Greek debt, though they will receive help from governments in recapitalising efforts in return. EU banks will need [...]
During an early morning raid of a camp, which was formed in a downtown area in the Californian city of Oakland, protestors were forcibly evicted which has prompted violence as demonstrators have clashed with police. Inspired by the scenes in other Occupy Movements across American cities police dismantled the camp which had been in place for more than two weeks.
Groupon Inc, in accordance with their plans to raise around $540 million in their initial public offering (IPO), plans to sell around 30 million shares at $16 and $18 each. This amounts to less than 5% of the company. This sum is less than the company originally planned, but the company is facing a weak [...]
The Norwegian corporation Statoil has announced that there are twice the amount of oil reserves in the North Sea field than previously estimated. The North Sea reserves are newly discovered, and Statoil now reports that the Aldous Major South field contains between 900 million and 1.5 billion barrels of oil that can be obtained. The [...]
Many investors have started buying up wine in recent months, amid the volatility of equity markets and the unreliability of sovereign bonds. Over the last eight and a half years, since The Wine Investment Fund (TWIF) started, it has proven to be less erratic than almost all other asset classes. It has also seen better [...]
British billionaire, Sir Richard Branson has dedicated his new spaceport with abseiling and champagne as he launched his new tourism movement. The world’s first commercial spaceport, build from scratch, is to be known as Spaceport America: Virgin Galactic Centre for Space.
The average price of homes in the South of England is now twice as high as that of the North, a new study reports. This is the first time that the gap between the housing prices in the North and South has risen to these levels. Rises and Falls Despite the widespread tales of economic [...]
According to a survey by Barclays Stockbrokers, investors feel that Tesco is the stock that has the most potential in the UK retail sector. Tesco remains the most desirable UK retail stock despite the fact that it recently reported its first negative sales figures in twenty years. Tesco is the third-largest food retailer in the [...]
Google has seen a large increase in profits in the three months to September, with revenue increasing as well. Net income in the third quarter rose 26% to £1.74 billion, or $2.73 billion. The same time frame last year saw profits of $2.17 billion.
It was announced yesterday that France, Belgium, and Luxembourg are going to bail out the struggling bank Dexia after fears surfaced that it could go bankrupt. The Belgian government is set to buy the bank’s Belgian division for four billion euros, or £3.4 billion. Luxembourg said that a Qatari investment group would purchase the Luxembourg section. Trading in shares of the bank continued Monday afternoon after having been suspended, though the value continued to decrease.
