Archive for the 'stocks' Category

Vodafone on verge of iPhone deal

Saturday, July 7th, 2007

Technology enthusiasts started queuing outside shops in the US on Tuesday, desperate to be among the first in the world to own the new gadget, which goes on sale there tomorrow.
Vodafone has been widely tipped to seal the European distribution deal and steal a march on rival , the owner of T-Mobile, and France […]

US lending shockwave hits the UK

Saturday, July 7th, 2007

Losses and write-offs at the group, which had several portfolios of US mortgages, came to 45m for the year to March and 66m in the final quarter.
Its manager, hedge fund group Cheyne Capital, has seen its 44% holding in QWI slashed in value. Many UK funds are listed as investors, including Scottish Widows, , […]

Man Group to sell and list US brokerage

Saturday, July 7th, 2007

Chief executive Peter Clarke, on his first day in the job, said a majority listing of Man Financial will take place in the third quarter of the year and the unit will be renamed MF Global. Man Financial managing director Kevin Davis will become chief executive of MF Global.
Funds raised in the listing will […]

Yesterday’s trading: PartyGaming woes

Saturday, July 7th, 2007

But the shares have returned to their well-trodden downward path, shedding a hefty 46% since hitting a three-month high of 58p in April.
Dealers were left scratching their heads as they tumbled another 3p, or 9% to 31p yesterday in heavy volumes.
Analyst James Hollins at Daniel Stewart decided the shares had fallen far enough […]

‘Inflated accounts at Torex’ probed

Saturday, July 7th, 2007

The Serious Fraud Office is looking at how executives handled a series of mergers and acquisitions. City sources said the purchase of in July 2005 for 73m was the cause of investor anxiety because Torex chairman Chris Moore was also on the board of XN.
Shortly after the deal, Torex’s auditor Hurst Morrison Thomson […]