Winter chill on house prices after second consecutive fall says Halifax February 7, 2018 House prices in the UK fell for the second successive month at the start of the year, pulling annual growth to its lowest level since June last year. The 0.6 per cent fall in house prices reported by Halifax came as a surprise to analysts, who had expected the index to edge up in January. [...]
Foreign cash ploughed into UK startups hit record levels last year, with more than £8bn invested in young companies, according to Beauhurst February 7, 2018 A record amount of money, at £8.27bn, was invested in UK startup businesses last year, new data shows. The promising recovery from 2016’s slump showed an all-time high of megadeals, according to data from research firm Beauhurst, as 29 investments of more than £50m were completed. These included a £215m funding round in TransferWise, and [...]
Bulls take back control of global stock markets as FTSE 100 and European markets follow Asian and US lead upwards February 7, 2018 Bullish sentiment once again took the upper hand on global stock markets this morning after gains on US indices ended a run of big losses. The FTSE 100 gained by more than 0.6 per cent at the market open, after yesterday sustaining its worst loss since the day after the Brexit vote. Markets on the [...]
Ryanair’s perception climbs again after winter turbulence February 7, 2018 Ryanair has posted a 12 per cent rise in profits after tax in the three months to December. So what has happened to the carrier’s consumer perception since September when it was beset by flight cancellations and issues surrounding pilot holiday? YouGov brand tracking data indicates that following its difficulties in early autumn, the airline’s [...]
Without profit at Tesla, Elon Musk will be coming back to earth February 7, 2018 Last night, eccentric billionaire Elon Musk sent one of his own Tesla sports cars into outer space with the launch of the most powerful operational rocket the world has ever seen. The swagger and showmanship of the event should not distract from the significance of the launch, or the fact that Musk is an immensely [...]
When the scheme is a scam: Top tips to protect your money against con artists February 7, 2018 As we see a rise in people investing online, fraudsters are changing the way they con people out of money. Worryingly, £87,000 is being lost to investment scams every single day, according to figures published by the UK’s financial watchdog last week. The Financial Conduct Authority (FCA) urged people to be vigilant when signing up [...]
The City has more serious things than Brexit to worry about February 7, 2018 Brexit has been the centrepiece of the City’s agenda this week, with two planned Brexit Select Committee meetings alongside Michel Barnier’s visit to the UK. Despite the fractures Brexit has caused within the government, there seems to be more coherent understanding in the Square Mile on the future shape of regulatory architecture. Any future deal [...]
Government to scrutinise employment status after rise of gig economy with Uber and Deliveroo February 7, 2018 The government will promise to scrutinise how workers are classified with a rising number of people working in the so-called gig economy, popularised by tech companies such as Uber and Deliveroo. Business and industry will be consulted on plans that could lead to changes to the current statuses that exist in law – employed, self-employed [...]
Swansea thrash Notts County as Millwall miss out on chance to face Tottenham in FA Cup fifth round February 6, 2018 Improving Swansea avoided an FA Cup shock in ruthless fashion after taking their place in the fifth round by dispatching League Two high-flyers Notts County 8-1 at Liberty Stadium. On-loan Chelsea striker Tammy Abraham and Nathan Dyer netted twice, while former Tottenham duo Kyle Naughton and Wayne Routledge, Tom Carroll and Daniel James also registered. [...]
US stocks see-saw as bulls fight back after day of intense volatility on trading floors February 6, 2018 Wall Street was gripped by volatile trading on Tuesday as traders scrambled to make sense of tumbling share prices throughout the world. Having swung between red and green throughout the day, US indices closed on the up. The Dow Jones ended the day 2.33 per cent higher at 24,912.59, the tech-heavy Nasdaq closed up 2.13 [...]