Euro Forex Station » Business News

Ziggo Sets IPO Price at Top end of Range

admin — Thu, 22 Mar 2012 07:31:46 +0000

Due to the exceptional interest from the investors, the Dutch cable provider–Ziggo, has set the share price of its IPO at €18.50 per share, which is at the top end of the range the company had announced previously. In order to raise €804m, Ziggo will sell 21.7% of its total of 200m shares.
Coming a day after Swiss trading house DKSH raised SFr1bn with its IPO, it is taken as a sign of renewed confidence in the European equity markets after months of severe volatility due to the crisis in the eurozone.
According to the company, it is announced that it had also extended an overallotment option to cover short positions resulting from the IPO, which if fully exercised would increase the share sold to 25% of Ziggo’s total equity.

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Greece Creditors Get $2.5bn CDS Payout

admin — Tue, 20 Mar 2012 12:53:23 +0000

According to results of an auction on Monday, it is revealed that the market will pay out an amount of $2.5bn to the creditors who have bought insurance-like products to protect themselves from a Greek default.
Fourteen dealer banks set a value of 21.5% of par for Greek bonds. It means that the credit default swaps will need to pay 78.5% on the euro in order to settle contracts triggered by the country’s debt restructuring, which led to the declaration of a credit event earlier this month.
This works out at a market-wide $2.5bn payout in an auction being held under the rules of the International Swaps & Derivatives Association.
The results cast little impact on the market, as it is a small amount that had been widely expected.

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Greek Crisis Takes Toll on Crédit Agricole

admin — Fri, 24 Feb 2012 02:38:02 +0000

The Greek debt crisis just took its toll on France’s third-largest bank by market value–Crédit Agricole, costing the mutual bank €2.4bn in 2011 and forcing it into an annual loss for the first time ever since its flotation in the year of 2001.
According to the French bank, it had been warned last December of a 2011 loss, which was provoked by €2.5bn of impairments, and that the bank would scrap its annual dividend.

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Fujitsu Plans to Enter European Smartphone Sector

admin — Mon, 20 Feb 2012 12:28:03 +0000

Competition in the market of smartphone is about to further intensify next week as manufacturers launch the latest generations of handsets at Mobile World Congress in Barcelona.
The Japanese handset makers–Fujitsu is to launch a wide range of smartphones and tablets for the very first time in Europe, as it looks to stake a claim in the fast-growing and high-margin mobile device sector. The company has lined up a range of high-end mobile devices for both Android and Windows operating systems in order to challenge the dominance of European market leaders such as Apple and Samsung.

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Director of RBS Defends Hester Bonus Award

admin — Sat, 18 Feb 2012 02:59:59 +0000

Penny Hughes, the director at the centre of a recent bonus row at RBS, indicates that the pay decisions should not be swayed by the mood of the public, even though taxpayers owned 83% of the bank.
Ms Hughes has repeatedly defended the decision to award chief executive–Stephen Hester ever since her joining the board of RBS two years ago.

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Find Bargain Deals with e-Commerce Office Furniture

admin — Mon, 13 Feb 2012 13:04:06 +0000

Decorating an office is a hard task and it could be quite expensive. One of the most effective and efficient way to cut down the cost with office decoration is to search online for discount office furniture.
These days, there are a great number of web-based retailers of office furniture. They would be able to provide you with a whole range of office furniture of high quality, ranging from cubicles to file cabinet, etc. No matter what kind of office furniture you are looking to purchase, you could find it available online. Obtain competitive price quotes from trusted vendors. With some leading service providers, you could even find tailored decorating plan which could guide you towards making a reasonable decorating plan for your new office.
Are you looking to decorate a new office? Are you planning to buy desks, chairs as well as other office furniture? Are you searching for great bargain in order to keep your budget down? Are you looking for some tips concerning how to select and arrange the furniture for your place? Browse through the Internet to find more discount with e-commerce sites. Buy whatever you want for your new office at unbeatable rate via simply a few clicks. Get free shipping on all discount office furniture.

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SuperGroup Profit Warning Influences Shares

admin — Wed, 08 Feb 2012 12:17:54 +0000

The shares in the international fashion brand–SuperGroup dropped by around 1/5 after the company warned that slowing sales in January might drag its full-year profits “towards the lower end of the range of market expectations” of £50m-£54m.
According to the owner of the Superdry fashion brand, it is warned that the retail sales had witnessed “a slowdown in the last 3 weeks of January”, with growth in its like-for-like sales at the branded T-shirts, hooded tops as well as accessories specialist slowed.

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Barclays Investors Warn on Lavish Bonuses

admin — Sat, 28 Jan 2012 07:21:12 +0000

Following the controversial decision of RBS to award chief executive–Stephen Hester a near-£1m bonus for 2011 on top of his £1.2m salary, public outrage over bank pay has risen this week.
Some biggest shareholders of Barclays have warned the bank that they will not accept higher payouts to the chief executive–Bob Diamond or its senior investment bankers. As a result, the board of the bank is urged to end its lavish bonus culture.

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Ireland Company Blooming in Recent Years

admin — Thu, 19 Jan 2012 10:21:31 +0000

The best point in register an company in Ireland’s is because its lowest 12.5% rate, which greatly attracts a lot of e-commerce business such as online company incorporation in Ireland. Online Business can be referred the purchase & sale of goods / products or services through e-platform/electornic systems allover the Internet. The company could also have other parts of the business, for example the development, sales, consulting and marketing. E-commerce has become one of the hottest growing area of business nowadays. Ireland international companies such as Google – its quite obviously that they chose company formation in Ireland. Although the country is very successful in attracting peoples from around the world, they have a difficult time to promote local small businesses. Furthermore, you are more than welcome to start your business and register company in Ireland. For the EU operation Ireland has lots of Schemes that can help you to start – Business Expansion Scheme (BES) and Seed Capital Scheme (SCS).

Irish Company important Facts, Irish company law in the Companies Acts 1963 – 2009. Limits the number of its members 50Prohibits a public subscription of shares and bonds, Irish companies require at least one resident director. A company needs an accountant and accounts must be submitted each year (some companies can prepare abbreviated version of accounts). A company is formed by the submission of the Memorandum and Articles of Association

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eBay Profits Jumps

admin — Wed, 18 Jan 2012 10:32:20 +0000

The Internet auction house eBay has reported a big jump in quarterly profits. The net profit for the last three months of 2011 was $ 1.98bn (£ 1.28bn), compared to $ 559 during the same period last year. “We had a strong fourth quarter finish an excellent year,” said eBay president John Donahoe in a statement.

EBay said its revenue growth was partially driven by a gain on the sale of the remaining shares of Skype. Microsoft’s $ 8.5 billion acquisition of Skype was announced in May and approved by the antitrust authorities in October. Excluding exceptional gains such as the sale of Skype eBay would be the profit from the quarter was $ 789m have been.

The company’s shares rose to $ 30.93 in after-hours trading closed regular trading at $ 30.43. EBay The results were also increased by the strong performance of its online payments unit PayPal. “We’re a different eBay is no longer just an e-commerce leader, but a stronger, more diverse global commerce companies shaping the future of purchasing and payment transactions,” Mr. Donahoe said.

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