Dec 02 2015 @ 04:27
Troubled company Quindell has changed its name to the Watchstone Group (
LSE:WTG), presumably in the hope that it can shed its terrible reputation (and possibly bamboozle Google searchers). But it can’t escape its problems that easily. The company has announced its intention to reduce the company’s share capital, return capital to the shareholders, and consolidate […]
Nov 18 2015 @ 03:45
London open: All eyes on US Fed minutes US rate-setters certainly seem to want to begin raising interest rates as soon as possible, but will they? Should they? Analysts believed the minutes of the Federal Reserve’s last policy meeting, which were set to be published on Wednesday evening, might help to shed some light on […]
Nov 09 2015 @ 07:51
Largest crowdfunding platform in Europe will be crowdfunding Coinsilium’s IPO. Seedrs announced today that it has launched an equity crowdfunding campaign to participate in the initial public offering (IPO) of Coinsilium Group Limited, a blockchain investment company that supports early-stage companies through investment, advisory and education. Shares in Coinsilium will be quoted on the ICAP...
Jul 13 2015 @ 03:08
EU Chairman Donald Tusk says that the eurozone leaders have come to an agreement for a third bailout for Greece. He says the leaders have agreed “in principle” after marathon 17-hour meeting, “which in other words means continued support for Greece.” European Commision head Jean-Claude Juncker stated, “There will not be a Grexit.” He also […]
Jul 10 2015 @ 04:57
The markets breathed a sigh of relief this morning after Greek PM Alexis Tsipras met the deadline to present his proposals for debt relief to the eurozone financial leaders. The FTSE100 opened up 72.84 points, as the possibility of a Grexit receded. Recovery of the Chinese markets also helped the FTSE to rise. The euro […]
Jul 08 2015 @ 03:15
The leaders of the eurozone countries have given Greece until Thursday to come up with new proposals for a deal with creditors. At yesterday’s meeting, they had expected Greece to present a new plan following the No vote in Sunday’s referendum, but the new Greek finance minister had nothing new to offer to help secure […]
Jul 06 2015 @ 04:26
Yesterday, the Greek people voted No to the harsh bail-out conditions the creditors want to impose on the country. This morning the markets responded to the referendum: the European and Asian markets have fallen, as has the euro. London’s FTSE 100 (
FTSE:UKX) dropped 0.9%, the Paris Cac 40 fell 1.4%, Frankfurt’s Dax 1.6% and Japan’s Nikkei […]
Jun 30 2015 @ 17:21
The clock struck midnight in Athens and Greece became the first advanced country ever to fail to repay an IMG loan. It is now formally in arrears, having missed the deadline for the payment of €1.6bn. This puts the country even closer to the Grexit, where it leaves the euro. It’s not definite yet – […]
Jun 30 2015 @ 04:19
Alexis Tsipras, the Greek PM, is threatening to resign if the referendum next Sunday doesn’t go his way, claiming that only by voting against austerity would Greece be able to negotiate a settlement to the current crisis. The referendum will ask voters whether to accept the terms put forth last week by eurozone creditors. In […]
Jun 30 2015 @ 04:10
The euro fell as the prospect of a Greek exit from the Euro, or Grexit, moved ever closer. At one point it fell below $1.10 after the Greek government failed to come to an agreement with its creditors at the weekend. Banks in Greece will be closed all week, with capital controls limiting the amounts […]