New York Report: Apple’s gravity knocks 1.6pc off S&P index September 25, 2014 US STOCKS yesterday ended with sharp losses, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high. The Dow Jones industrial average fell 264.26 points, or 1.5 per cent, to 16,945.80, the S&P 500 lost 32.31 points, or 1.6 per cent, to 1,965.99 [...]
Is Uber about to give in to European regulators? September 25, 2014 Uber is willing to consider a dialogue over the regulation of the company's services in Europe, according to Uber's vice president for Europe, Middle East, Africa and Africa Niall Wass. Uber has faced angry opposition across Europe from regulators, politicians and taxi unions, with demonstrators across the continent voicing their displeasure at the company's regulatory [...]
US markets take a kicking as Apple share price falls following iPhone 6 and iOS8 issues September 25, 2014 Stocks across the US markets have got off to an awful start today, with Apple one of the biggest fallers. The S&P is having its seventh-worst day of the year and was down by 21 points at pixel time. Apple was the largest contributor to the S&P 500's growth last month as shares in the [...]
Barclays is the most complained about bank September 25, 2014 Barclays is the most complained-about bank, according to new figures from the Financial Conduct Authority. The bank received more than a quarter of a million complaints in the first half of the year. But it was not out on its own – Barclays was closely followed by Bank of Scotland and Lloyds. Despite taking the [...]
EU votes to continue paying carbon dioxide emission allowances for industries September 25, 2014 The European environment committee has voted against a proposal which would bring an end to the payment of substantial carbon dioxide emission allowances on behalf of industries. The European Union faces a conundrum when it comes to reducing its carbon dioxide emissions. On the one hand, charging companies for their emissions can encourage a [...]
Mark Carney: Bank of England will get tough on the insurance industry September 25, 2014 The Bank of England is cracking down on malpractice in the insurance industry, governor Mark Carney said today. In a speech this afternoon, Carney indicated regulators will come down hard on insurance companies that give a distorted view of risk to decrease the amount of capital they are expected to hold. A new regime, known [...]
Mark Carney drops interest rate rise hint as “many of the conditions for the economy to normalise [are] now met” September 25, 2014 Interest rates will be rising soon. In a speech this afternoon mainly focused on the insurance industry, Mark Carney reiterated the Bank of England's stance on interest rates, and indicated that they will be rising before long. The Bank governor would not give a precise time scale, but saw the pieces falling in to place: [...]
Arsenal paid Stan Kroenke’s company £3m last year – the same amount as season tickets went up September 25, 2014 After a three per cent rise in season ticket prices which will see Arsenal generate roughly £3m in extra revenue this season, it has emerged that Arsenal paid the same amount to owner Stan Kroenke’s Kroenke Sports and Entertainment LLC company last year. It's not as simple as the notoriously reclusive Arsenal owner simply [...]
Royal Mail share price falls below 400p for first time since IPO September 25, 2014 Shares in Royal Mail have fallen below 400p for the first time since its IPO last October. The stock has hit a low of 397.9p per share today after rival UK Mail issued a revenue warning because of a decline in parcel volumes. That's a year-low for the stock, which has attracted much [...]
Ukrainian President unveils plans for EU membership September 25, 2014 Ukrainian President Petro Poroshenko is to outline plans for his country to apply for EU membership in six years time. Poroshenko said Ukraine would undertake a series of economic and social reforms to meet the standards required of EU members. "It (the strategy) provides for 60 separate reforms and special programmes, which will prepare Ukraine [...]