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Tech sector yet to fully benefit from Alibaba bounce, says BDO
Latest data released by BDO shows that transactions in the tech sector have cooled somewhat following the record breaking $25 billion (€21 billion) Alibaba IPO in 2014.
The firm forecast that tech IPOs will drop by 14% for the year-end…
Tesco sells binkbox and broadband to TalkTalk
TalkTalk has acquired the blinkbox Movies business and the Tesco broadband and fixed line voice base from Tesco Plc. The assets have been acquired free of debt and as a single transaction for cash. The announcement comes one day after the…
Editor’s letter – January 2015
The New Year has started with a bang, with triumphs and tribulations already being felt by the finance sector.
As year-end figures roll in from 2014, the sentiment is that the global economy is on the up. Deal activity for IPOs peaked…
UK General Election number one challenge for CFOs in 2015
Policy uncertainty at home and economic and geopolitical risks overseas are the central challenges facing Chief Financial Officers (CFOs) of the UK’s largest companies as they enter 2015. This is according to Deloitte’s latest CFO Survey,…
Standard Chartered to close equities business
Standard Chartered PLC today announced the closure of its institutional cash equities, equity research and equity capital markets (ECM) activities, leading to 200 job losses, as the Group continues cut costs.
The decision to close its…
Retail banks turn to IT to drive revenue in 2015
Retail bank IT investment in 2015 will be focused on driving revenue growth, according to new research from Ovum, the global analyst house. Digital channels will be at the heart of this activity, particularly as the improving economy has…
Pressure on ECB mounts as Eurozone slips into deflation
The Eurozone has slipped into deflation for the first time since October 2009 as the annual change in the Consumer Price Index fell below zero to -0.2% in December, Eurostat reported on January 7, 2015. The unemployment rate across the…