Google’s new $3.2bn Nest egg

  By Will Goodbody, Science & Technology Correspondent @willgoodbody How can a company with just 300 employees, a handful of products and a very short history be worth $3.2 billion? That’s the question many tech analysts and entrepreneurs around the world will be asking themselves, on foot of the news that Google is to buy smart thermostat start-up Nest Labs. The second largest disclosed purchase in its history. The answer, if there is one, is probably the “Internet of Things”. …

The Good, the Bad and the PTSB

By Business Editor David Murphy Imagine meeting your bank manager to discuss your financial situation. You have a performing owner-occupier mortgage and a buy-to-let loan which is in arrears. Despite your financial problems you are upbeat about your situation. You tell the manager that you have never missed a repayment on the loan on your home. The bank manager stops your confident patter, interjecting to ask about your buy-to-let mortgage which is in irreversible trouble. You sit back, look him …