Tom Frew

NYSE Euronext has announced a strategic partnership with ACE, a transaction management platform for private placements of equity, debt and other securities. NYSE Euronext and ACE will establish an independent technology backbone for new issuances of private securities, with the goal of bringing greater transparency and efficiencies to the private market, just as NYSE Euronext […]

Have got themselves into a sticky situation, but which well oiled operation will come out on top? BP (NYSE:BP) have entered into a war of words with the state of Louisiana and its Republican Governor Bobby Jindal over compensation payments following the Deepwater Horizon disaster in 2012. During a recent meeting of the Restoration Council, […]

Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK) have jointly announced that Microsoft will purchase the vast majority of Nokia’s Devices & Services business, license Nokia’s patents, and license and use Nokia’s mapping services as part of a deal worth 5.4bn euros ($7.2bn; £4.6bn). Under the terms of the agreement, Microsoft will pay 3.79bn euros to purchase substantially […]

Agamemnon and Achilles were unavailable for comment at time of press. We will keep Troying. French communications firm Iliad (EU:ILD) has reported a 27% increase in sustained group revenue, a 40% rise in EBITDA and 78% jump in consolidated profit as part of its full-year results. In a statement the Iliad Group said that they […]

Telecommunications giant Vodafone (LSE:VOD) has responded to media speculation that it was set to announce a £84bn sale of its stake in Verizon Wireless. In a statement the company said it was in “advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon […]

Dollar Tree Inc. (NASDAQ:DLTR), the North American operator of discount variety stores, has reported 2013 Q2 consolidated net sales for the second quarter were $1.85 billion, an 8.8% increase compared to $1.70 billion reported for the same period in 2012. Comparable store sales increased 3.7%, on top of a 4.5% increase. Earnings per diluted share […]

Target Corporation (NYSE:TGT) have reported second quarter net earnings of $611 million, or $0.95 per share, which includes EPS dilution related to the Canadian Segment of (21) cents per share. Adjusted earnings per share, a measure the retailer believes is “useful in providing period-to-period comparisons of the results of its U.S. operations”, were $1.19 in […]

NYSE Euronext (NYX) has announced the restructured leadership team for its regulated exchange business NYSE Liffe. Finbarr Hutcheson, Co-Chief Executive of NYSE Liffe with responsibility for commercial and business development, becomes sole CEO whilst Andrew Dodsworth, Executive Director of Market Services, has been appointed as a Director of the LIFFE Board. In a statement the […]

NYSE Euronext has announced that the selection basis of the AEX-Index family will change from turnover to free float adjusted market capitalization ranking. In a statement the exchange said that the “decision was made to improve stability in the selection process and to maintain a good reflection of the listings on the Amsterdam stock exchange”. […]

John Menzies (LSE:MNZS) has announced that its turnover has risen marginally to £997.9m (H1 2012: £988.4m) due to increased turnover at Menzies Aviation, offsetting the expected decline at Menzies Distribution. The increase in turnover has led to an increase in the company’s dividend from 7.35p to 7.7p Iain Napier, John Menzies Chairman said that “Despite […]