Ofcom Proposes Further Controls on BT, Twitter CEO to Step Down
June 12, 2015 6:52 am
US stocks rose on Thursday thanks to a boost in healthcare shares and a better than expected set of retail sales data that showed an improved outlook for consumer spending. Over in Asia, shares were treading water with the Nikkei falling in and out of positive territory, ending the week at 20,407 after Greek debt talks took another dramatic turn. The Dow rose 38 points to close at 18,039, while the S&P500 gained 3 points to close at 2,108.
The Euro lost ground as talks on Greece showed no sign of reaching a deal. The single currency was off at $1.1232, from a high of $1.1387 set on Wednesday. Against the Yen, USD bought 123.46, well off this week’s trough of 122.46. The Aussie was little changed at $0.7746 while the Kiwi fetched $0.7017, within striking distance of a five-year trough of $0.6966 hit overnight.
Brent crude oil for July fell 38 cents to $64.73 a barrel, while U.S. crude lost 45 cents to $60.32.
Within the equity space BT’s regulator Ofcom proposed controls on the wholesale prices BT charges for products using leased telecoms lines, which provide vital high-speed links for businesses and providers of superfast broadband and mobile services. BT stock is currently up by around 0.5%. Meanwhile, Twitter CEO Dick Costolo announced his resignation as CEO; Mr Dorsey had been the target of criticism from Twitter shareholders about the rate of the company’s growth. Co-founder Jack Dorsey will assume the role in the short-term whilst the company searches for a long-term replacement. Twitter shares saw a significant amount of volatility in after-hours trading, reaching as high as 39.29 at one point before dropping down to 37.24, still an almost 5% gain from the 35.83 that the company officially closed at yesterday.
US stocks rose on Thursday thanks to a boost in healthcare shares and a better than expected set of retail sales data that showed an improved outlook for consumer spending. Over in Asia, shares were treading water with the Nikkei falling in and out of positive territory, ending the week at 20,407 after Greek debt talks took another dramatic turn. The Dow rose 38 points to close at 18,039, while the S&P500 gained 3 points to close at 2,108.
The Euro lost ground as talks on Greece showed no sign of reaching a deal. The single currency was off at $1.1232, from a high of $1.1387 set on Wednesday. Against the Yen, USD bought 123.46, well off this week’s trough of 122.46. The Aussie was little changed at $0.7746 while the Kiwi fetched $0.7017, within striking distance of a five-year trough of $0.6966 hit overnight.
Brent crude oil for July fell 38 cents to $64.73 a barrel, while U.S. crude lost 45 cents to $60.32.
Within the equity space BT’s regulator Ofcom proposed controls on the wholesale prices BT charges for products using leased telecoms lines, which provide vital high-speed links for businesses and providers of superfast broadband and mobile services. BT stock is currently up by around 0.5%. Meanwhile, Twitter CEO Dick Costolo announced his resignation as CEO; Mr Dorsey had been the target of criticism from Twitter shareholders about the rate of the company’s growth. Co-founder Jack Dorsey will assume the role in the short-term whilst the company searches for a long-term replacement. Twitter shares saw a significant amount of volatility in after-hours trading, reaching as high as 39.29 at one point before dropping down to 37.24, still an almost 5% gain from the 35.83 that the company officially closed at yesterday.
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