Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.
Facebook's large user base will make it the world's largest online display advertising company by revenue this year, overtaking the comparable businesses of Google and Yahoo, according to analysis published on Tuesday.
Thomson Reuters expects to reap $1bn from disposals this year, boosting the cash it can spend on acquisitions, the financial and professional data group said as it reported first-quarter results on Thursday.
BlackBerry maker’s shares plunge on profit warning
Research in Motion's shares plunged as much as 11 per cent in after-hours trading after the BlackBerry maker issued a surprise profit warning due to increasing competition from Apple and Google as well as delays in the launch of an updated generation of smartphones.
More than 11,000 extra staff are forecast to be employed by banks and financial services firms across London over the next three years despite fears about regulation and taxation, reflecting renewed confidence in the capital and the wider economy.
Dow Gains 6.4%, Posts Best First Quarter in 12 Years in Tumultuous Period. Overcoming a pair of major shocks in the first quarter, global financial markets recovered amid growing optimism that the recovery from the financial crisis had become self-sustaining.