FTSE 100 tumbles to its lowest in six weeks as the pound rises sharply November 10, 2017 The FTSE 100 closed at its lowest point in six weeks as a sharp rise in the pound pushed it lower. The index finished the day 0.7 per cent lower, at 7,435 points, having fallen to its lowest point in weeks earlier in the day. The selloff came as sterling rose 0.45 per cent against [...]
One year of President Trump: the impact on markets November 10, 2017 | City Talk President Trump has credited himself for the rise in the stockmarket since he won the US election 12 months ago. It is not fake news. Demand for equities has been strong because it is hoped the Trump administration will pass legislation reducing tax for companies, which should boost their profitability. Since the election on 8 [...]
Debate: More people are searching for how to buy bitcoin than gold, but is the former a better investment? November 10, 2017 Debate: More people are searching for how to buy bitcoin than gold, but is the former a better investment? YES – James Collier is co-founder of Prism. Cryptocurrencies, bitcoin in particular, are clearly a far less stable investment than gold bullion. And if it’s stability you’re after, then gold’s your guy. But if you want [...]
Number of CCJs (County Court Judgements) issued rises for the first time in eight years – and rockets by more than a quarter over the last year November 10, 2017 The number of county court judgements (CCJs) issued to businesses has risen for the first time in eight years, according to figures released this afternoon. Some 24,698 CCJs were issued in the third quarter of 2017, up a whopping 27 per cent on the previous year. This bucks a downward trend stretching back to the [...]
Uber loses workers’ rights appeal: Here’s how employment experts have reacted November 10, 2017 Uber has lost an appeal against a tribunal ruling that it must give its drivers employment rights. The ride-hailing app went to the Employment Appeal Tribunal (EAT) to challenge an earlier ruling by the Employment Tribunal which said Uber drivers are entitled to basic workers’ rights. The EAT rejected Uber’s argument that it is merely [...]
UK will not be able to discuss trade this year if no concessions are made in next two weeks, warns Michel Barnier November 10, 2017 Britain has been given an ultimatum by the EU’s chief Brexit negotiator Michel Barnier. Following another round of talks with David Davis and his team, Barnier said that the UK now has two weeks to make concessions if it wants to make any progress by December. The UK needs to clarify what it will pay [...]
The jobs, they are a changin’: What’s happening to the finance industry? November 10, 2017 | City Talk No matter where your career stands, you can always count on one thing—the investment industry is constantly changing. Worldwide trends are converging to transform the prospects for investment professionals. Consolidation among firms is leading to cuts. Fintech is disrupting the industry. The global talent market is evolving in different ways from region to region. Experts [...]
Fawcett Society warns of slipping backwards on gender pay gap progress November 10, 2017 Young women are facing an even bigger pay gap than their predecessors, a leading campaign group has warned. Campaign groups are today marking “Equal Pay Day”, which they say is the day women begin to work for free until the end of the year due to the pay gap between men and women. The date [...]
EasyJet share price edges up as it hires Tui’s Johan Lundgren as its new CEO to replace Carolyn McCall November 10, 2017 EasyJet has appointed a new chief executive to replace Carolyn McCall when she leaves at the end of this month. Shares in the company rose 0.7 per cent to 1,279.5p after it said Johan Lundgren, currently a senior executive at Tui, will take over from McCall when she departs to lead ITV. McCall will step [...]
The new diver’s watch, why the Breitling Superocean Héritage II is the best choice for you November 10, 2017 | City Talk A classic diver’s watch the Breitling Superocean Héritage II celebrates its 60th anniversary with a design refresh and a brand-new movement developed with Tudor. The new Breitling calibre takes inspiration from the Tudor Caliber MT5612 used in the popular Black Bay watches. The Breitling Superocean Héritage II comes in a few different models at 42mm [...]