A rise in US job numbers has helped the world’s largest economy 11:08am UK, Saturday February 04, 2012 The fall in American unemployment also helped European shares, with Britain’s FTSE 100 closing up 1.8% – a six-month high. Germany’s DAX completed 1.7% higher, while France’s CAC-40 gained 1.5%.
To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 6:16pm UK, Friday February 03, 2012 In an interview with Sky News, Sir Philip Hampton stated that leading politicians could undermine inward investment in the UK if they continued to demonise business.
Macquarie Group has appointed Perth deal-maker and company director Mark Barnaba as chairman of its Western Australian operations, bolstering its status as one of the top investment banks in WA. The appointment follows Mr Barnaba’s retirement last year from Azure Capital, of which he was co-founder and co-executive chairman, along with his long-time business partner John Poynton. He adds more firepower to Macquarie’s WA team, following the bank’s recruitment two years ago of leading corporate adviser Michael Ashforth from Gresham.
Facebook founder Mark Zuckerberg created a £2.3bn company from his university dorm room 12:20pm UK, Thursday February 02, 2012 On Wednesday, Facebook filed the necessary paper work to become a public company, seeking to raise $5bn (£3.1bn) in the largest floatation ever by an world wide web company on Wall Street.
Coretrack is planning to wind down its Globe Drill business after disclosing a legal dispute over its license agreement and poor performance of its GT3000 drill rig. The company stated this day that Strange Investments has terminated the IP license agreement (signed in January 2010), which permitted the manufacture and use of the GT3000. Coretrack has stated that it will commence legal action immediately against Strange Investments for loss of earnings and damages. Strange Investments has alleged Coretrack breached the ...
10:58pm UK, Wednesday February 01, 2012 In its filing with the US Securities and Exchange Commission, Facebook reported a net profit of $668m (£421m) last year on revenue of $3.7bn (£2.3bn). The world’s largest social network had previously been expected to raise $10bn in what would have been the fourth-largest IPO in US history, after Visa Inc, General Motors, and AT&T Wireless.
Premier Colin Barnett has touted the wealth of Western Australia’s industry barons, after one of the state’s mining billionaires, Gina Rinehart, spent nearly $200 million increasing her stake in publisher Fairfax Media. Mr Barnett used the move by the nation’s wealthiest person to highlight the economic power of the resources boom state, saying more national businesses were going to be owned or have significant shareholdings by Western Australians. “Little old Wesfarmers purchased Coles, Kerry Stokes has purchased Channel 7 nationally, ...
January 31 is the traditional on-line self-assessment deadline day for many taxpayers 6:52pm UK, Tuesday January 31, 2012 The glitch comes as Her Majesty’s Revenue and Customs (HMRC) is inundated with thousands of on-line returns on the last day that self-assessment forms are normally accepted.
Households will be hit with double-digit percentage jumps for insurance for a second year as insurers restore profits after the industry’s worst year on record for disaster claims, a survey finds. Floods, hailstorms, and New Zealand’s earthquakes took their toll in 2011, with QBE Insurance Group, Insurance Australia Group (IAG), Suncorp and Wesfarmers Insurance recently warning that their earnings would be cut as a result. Now households will pay, with insurers anticipating to hike premium rates by 13 per cent ...
To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 11:09pm UK, Monday January 30, 2012 The Royal Bank of Scotland has announced that its chief executive Stephen Hester has decided to waive his £1m bonus. The news came just hours after the Labour Party stated it would force a House of Commons vote calling for Mr Hester to be stripped of his shares-only payment.