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LoopUp dials in for London IPO

LoopUp dials in for London IPO | Europe Economy booming | Scoop.it
LoopUp reported revenues of £10.1m last year, up 36 per cent from 2014. Revenues increased 37 per cent between 2013 and 2014. Generated, 45 per cent of its revenues from the US, while 41 per cent were in the UK.
LucWarnotte's insight:
LoopUp, a UK start-up that provides software for conference calls and online meetings, is announcing it intends to float on the London Stock Exchange. LoopUp
- says it eliminates wasted time and “makes conference calls less painful”
- reported revenues of £10.1m last year, up 36 per cent from 2014. Revenues increased 37 per cent between 2013 and 2014.
- Generated, 45 per cent of its revenues from the US, while 41 per cent were in the UK.
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Europe tech start-ups valued at $1bn dwindle - FT.com

Europe tech start-ups valued at $1bn dwindle - FT.com | Europe Economy booming | Scoop.it
Britain remains the European country with the most start-ups valued at $1bn or more, with 18 based in the UK. Sweden is second, followed by Germany and France.
LucWarnotte's insight:
Europe produced 10 technology start-ups that were either sold, floated on a stock exchange or valued by private investors at $1bn or more last year, compared to 13 in 2014. The US produced 30 tech start-ups valued at $1bn or more in 2015, while Asia proved the fastest-growing region, generating 19. But the continent “more than makes up for in terms of quality”: on average European tech start-ups worth $1bn generated $315m in annual revenues, compared to $129m by their US counterparts Britain remains the European country with the most start-ups valued at $1bn or more, with 18 based in the UK. Sweden is second, followed by Germany and France.
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COP21 Paris climate talks: billionaires join forces in energy push - FT.com

COP21 Paris climate talks: billionaires join forces in energy push - FT.com | Europe Economy booming | Scoop.it

Bill Gates has joined forces with Jeff Bezos, Jack Ma, Mukesh Ambani and a roll call of other billionaires in a push for billions of dollars of new private and public investment in “clean energy”. The initiative includes $10bn of new spending

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Notion Capital raises $120m fund to focus on European start-ups - FT.com

Notion Capital raises $120m fund to focus on European start-ups - FT.com | Europe Economy booming | Scoop.it
Notion Capital, the London-based venture capital firm, has raised a $120m fund in the latest sign of investors continuing enthusiasm for Europe’s technology start-up scene. The group already has $250m under management and focuses its investments on
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Twitter users in France can now tweet money - FT.com

Twitter users in France can now tweet money - FT.com | Europe Economy booming | Scoop.it
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Twitter users in France can now tweet money to their followers. S-money, a division of the second-largest French banking group by customers, Groupe BPCE, has teamed up with Twitter to offer the service which will be available to anyone with a bank account and a Twitter handle in France

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SAP buys software group Concur for $8.3bn - FT.com

SAP buys software group Concur for $8.3bn - FT.com | Europe Economy booming | Scoop.it
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SAP, the German software company, has agreed to acquire Concur, a developer of programs that help businesses manage travel expenses, in an $8.3bn deal that comes amid wider consolidation of global technology groups.

The acquisition is SAP’s biggest by value as it tries to remake its software business for the cloud-computing era.

The German company has bought a string of other software as a service companies, which run software for customers on their own servers and charge monthly subscriptions for access. such as SuccessFactors, which sells services to corporate personnel departments, for $3.5bn in 2011.

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Eurozone recovery eases in May - FT.com

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Eurozone recovery is on track. Activity growth accelerated in the services sector, while it slowed down in the manufacturing. This probably confirms that the recovery is entering a more self-sustaining phase, where the most domestically oriented sectors (services) drive the recovery. This suggests a steady improvement in domestic demand fundamentals in crisis countries, as the relief from low inflation is increasingly accompanied by signs of labour market recovery

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Lisbon harbours Californian dreams - FT.com

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Lisbon  is also keen to adopt the spirit of its new world counterpart  new world counterpart as a global centre for start-ups.
Support for early-stage ventures is growing now that a cluster of incubator programmes is up and running, several of which are backed by the city government. There is also a good supply of engineering graduates from respected local universities, such as Instituto Superior Técnico. and a cost of living that is much lower than in other European capitals (It is possible to rent an office space in downtown Lisbon for not even half the price of a London-based office. More importantly, there is space to think)

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Accountants PwC, Deloitte, KPMG and EY face taming moves - FT.com

Accountants PwC, Deloitte, KPMG and EY face taming moves - FT.com | Europe Economy booming | Scoop.it
LucWarnotte's insight:

Even as their revenues ascend to fresh records, PwC, Deloitte, KPMG and EY are struggling to navigate new legal and regulatory pitfalls in two of their most important markets:

- China looking to favour local accounting firms

- the European Parliament in April, will vote a proposal that will force listed EU companies and large financial services groups to rotate auditors every 10 years

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Manchester United no longer among top three earners - FT.com

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A little disgression for football fan: England has 4 clubs in top 10 eanings, Paris Sint germain is now 5th, Madrid and Barcelona still n°1 & 2

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Strategists see 12 pct gains for European stocks in 2014

Strategists see 12 pct gains for European stocks in 2014 | Europe Economy booming | Scoop.it
LucWarnotte's insight:

There’s still a lot more to come from European equities next year; equities will rise 12 percent in 2014, according to the average projection of 18 forecasters tracked by Bloomberg News. Investors have poured money into European mutual funds after shunning the region in 2010 and 2011 as mushrooming public debts threatened to break apart the euro bloc

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Europe no longer the bane of U.S. corporate profits

Europe no longer the bane of U.S. corporate profits | Europe Economy booming | Scoop.it
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Europe is now looking like a more dependable source of profits; Europe doesn't have to be a hole anymore in earnings. The euro zone, a source of weak sales for S&P 500 companies for several quarters, emerged from its recession earlier this year

Big players in the technology sector, which has the highest exposure to Europe, are among those best positioned for a boost to the bottom line from the region's gradual recovery

Energy, which also has high exposure to Europe, lags the S&P 500's gains as well

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Twitter valorise son service de messagerie privée

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You may now send or receive photos through Twitter

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Welcome! | LinkedIn

Welcome! | LinkedIn | Europe Economy booming | Scoop.it
LucWarnotte's insight:
Twilio Raises More Than Expected in IPO Twilio raised more than it expected in its initial public offering, an optimistic sign for the dozens of other technology companies that have been valued at more than $1 billion in private fundraising. The San Francisco company's IPO priced at $15 a share, raising $150 million, the company said in a release late Wednesday. At that price, Twilio has a market capitalization of $1.2 billion. The offering comes during a tough patch for younger, private technology companies as some of their valuations in private fundraising rounds have fallen in recent months. It also comes as U.S.-listed IPOs are on track for their worst year since the financial crisis.
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Europe’s tech start-ups need to scale faster - FT.com

Europe’s tech start-ups need to scale faster - FT.com | Europe Economy booming | Scoop.it
LucWarnotte's insight:

The enthusiasm of under-30s Europeans for launching a start-up or working in one, rather than taking a predictable and supposedly safe job in a corporation is a fact.

European start-ups have difficulties if they want to get from A to B, C and D, from early funding rounds to larger capital raisings.

Yet London has an edge over Berlin, and especially over Milan, in scale. In the past five years 19 UK technology companies have raised capital of at least $100m, compared with nine in Germany and none in Italy

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Notion Capital raises $120m fund to focus on European start-ups - FT.com

Notion Capital raises $120m fund to focus on European start-ups - FT.com | Europe Economy booming | Scoop.it
Notion Capital, the London-based venture capital firm, has raised a $120m fund in the latest sign of investors continuing enthusiasm for Europe’s technology start-up scene. The group already has $250m under management and focuses its investments on
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Léo Apotheker: a new life with Europe’s stalled tech groups - FT.com

Léo Apotheker: a new life with Europe’s stalled tech groups - FT.com | Europe Economy booming | Scoop.it
LucWarnotte's insight:

Léo Apotheker's conviction is "There’s no lack of start-up capital at entry stage. But there is a lack of funding to take these companies to where they should be"

In his new life Léo is co-partnering with Advent International looking for mature tech businesses to invest in or acquire, particularly in Europe.
Among the transactions he has worked on is Advent’s acquisition of KMD, a Danish IT company, where he is now chairman of the board. Another is the private equity group’s €1.15bn take-private deal with Unit4, a Dutch software maker, where he is now a non-executive director.

Interesting comment among others by Léo: “I don’t receive a midnight phone call that the world is about to collapse and you have to deal with it yesterday. I don’t miss that, to be honest.”

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Multibillion cross-border deals make a return after five years - FT.com

Multibillion cross-border deals make a return after five years - FT.com | Europe Economy booming | Scoop.it
LucWarnotte's insight:

For many bankers, 2014 may prove the best year for dealmaking since 2007. The global mergers and acquisitions boom of 2014 has spread to Europe and Asia – sparking a surge in cross-border deals, as companies seek to exploit favourable market to buy.

Multibillion dollar cross-border deals, which were almost entirely absent in the past five years, have surged.

This year’s trend towards cross border M&A has been helped, at least in part, by corporate tax inversions. Under these deals, US companies use the acquisition of a foreign rival to relocate a lower tax juridiction.

A more significant factor is the growing desire of European and Asian companies to buy US rivals: Siemens paid $7.6bn for Dresser-Rand,; software group SAP bought US technology business Concur for $8.3bn, and ZF acquired American auto-parts company TRW for $11.7bn

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Mario Draghi says eurozone recovery is on track - FT.com

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European Central Bank president Mario Draghi says

- A weak recovery would continue and longer-term inflation remained near 2 per cent

- Governments like France and Italy should focus on their own shortcomings rather than asking the ECB for more

- The euro, was likely to depreciate further, supporting eurozone companies by lowering the price of their products against competitors outside the currency area

- Monetary policies in the euro [area] and the United States are, and are going to stay, on a diverging path: US central bank is expected to stop buying US Treasuries in the autumn and to raise rates towards the middle of next year; The ECB on Thursday kept its main refinancing rate at 0.15 per cent and its deposit rate in negative territory

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Medical device maker Sequana raises $26m after quitting US - FT.com

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US companies are relocating to Europe to take advantage of a more liberal approach to regulation that allows them to more quickly access finance and bring their products to market

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Eurozone GDP growth gathers speed

Eurozone GDP growth gathers speed | Europe Economy booming | Scoop.it
LucWarnotte's insight:

The eurozone's recovery has moved up a gear; Not only has the pace of growth picked up to the fastest since the second quarter of 2011, but the recovery is also becoming more broad-based, encompassing core and so-called 'periphery' countries alike. French government figures indicated the country's economy grew by 0.3% in the last three months of 2013. Over the whole of 2013, the French economy grew by 0.3%. Italy's official statistics office also issued figures showing that its economy returned to growth after a two-year recession. Germany's economy grew by 1.3% in 2013.

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AnthonyAcosta/NoahMata's curator insight, February 12, 2015 10:23 PM

In this article there is a discussion of growth in economy and how they are not soon to stop.Even since there GDP has grown, Europes economy as a whole has improved with more foreign & domestic trade as well and the though of increasing the overall funding of companys. This article shows Eruope grow as a boomimg MDC.

(Europe Economy)

Jake & Ethan dragon slayers's curator insight, February 18, 2015 4:42 PM

Economics: The eurozone's recovery has moved up a gear; Not only has the pace of growth picked up to the fastest since the second quarter of 2011.  Over the year of 2013, the French economy grew by 0.3%. Italy's official statistics office also issued figures showing that its economy returned to growth after a two-year recession. Germany's economy grew by 1.3% in 2013.

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Google buys UK artificial intelligence start-up - FT.com

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Google has made its largest European acquisition yet with the purchase of DeepMind, an artificial intelligence start-up based in London.

DeepMind developped a “machine learning” technology, through which computers can teach themselves new capabilities without human input.

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François Hollande, liberal?

François Hollande, liberal? | Europe Economy booming | Scoop.it
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Three points stand out from Mr Hollande’s short new year message,

The first is a confession that he underestimated the depth of the recession.

A second point is Mr Hollande’s unambiguous statement that taxation in France has become “too heavy”, and that this is deterring job creation

A third novelty is Mr Hollande’s blunt promise “to cut public spending”. He now says the state has become “too heavy, too slow, too costly”.

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Capital spending should recover in 2014 - Schroders - Investment Europe

Capital spending should recover in 2014 - Schroders - Investment Europe | Europe Economy booming | Scoop.it
LucWarnotte's insight:

Having retreated since 2010, global growth in 2014 should accelerate with full year global GDP growth likely to be in the region of 2.9%. We expect this improvement to be driven by Western economies, with Europe and the US both growing faster than in 2013.

UK is slightly behind the US, although it has seen significant improvements in recent months; the UK is also being boosted by small improvements in its main export market - Europe - and by a pickup in lending

Europe appears to be at least 18 months behind the US on the road to recovery

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BMW to hire 1,000 workers in UK as focus shifts to premium models - FT.com

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UK car production has roared back to pre-recession levels this year thanks to a booming domestic market and strong and overseas demand for British-built cars

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