Sluggish Eurozone recovery hit by falling exports September 15, 2014 Worries about the Eurozone’s stuttering recovery worsened yesterday as new data showed weakening exports. A 0.2 per cent fall in goods export values and 0.9 per cent rise in import values from June to July narrowed the bloc’s trade surplus from €2.8bn (£2.2bn) to €1.7bn. Only economic powerhouse Germany showed signs of a widening trade [...]
Britain told to export to Asia not Europe if it wants to grow more September 15, 2014 Troubled Eurozone economies cannot provide the growth British firms want, HSBC warned today. Instead businesses need to export further afield, with Asia looking like the best bet, its study found. HSBC’s study predicts a five-fold rise in sales to China and a four-fold jump in exports to India over the next 15 years. Overall it [...]
Weak US car manufacturing may slow taper September 15, 2014 A slowdown in US manufacturing may tempt the Federal Reserve to delay the ending of the asset purchase programme when it meets today and tomorrow. Tapering is expected to end in October with the monthly purchases reduced from $25bn (£15.4bn) to zero. But yesterday’s data shows manufacturing declining by 0.4 per cent over August, the [...]
Eurozone missing world boom September 15, 2014 THE EUROZONE should begin a programme of quantitative easing (QE) despite the world economy being on track for further growth, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The single currency bloc is at risk of prolonged stagnation if steps are not taken to boost aggregate demand, the analysts said. Prices are falling [...]
Britain’s biggest tech trade body calls for digital economy priority September 15, 2014 THE UK’s largest technology trade association this morning launched a manifesto calling on the next government to better support the growth of the UK’s digital economy. TechUK’s 24-point manifesto argues that the UK requires new leadership roles in government to promote technology, so-called smart migration policies to allow firms to tap into talent outside the [...]
British software firm Micro Focus acquires US rival The Attachmate Group September 15, 2014 FTSE 250-listed software company Micro Focus International is to buy privately-owned US rival The Attachmate Group in an all-share deal valuing the combined firms at $2.35bn (£1.45bn). Micro Focus said yesterday that following the reverse takeover, its shareholders would own about 60 per cent of the equity in the new group which would be [...]
New iPhone breaks records with more than 4m pre-orders in first day of sale September 15, 2014 APPLE chalked up a hit with its iPhone 6 as the technology giant received more than 4m pre-orders for the handset on its first day on sale – double the 2m sales the iPhone 5 attracted on its launch. The huge sales come despite the hefty price tag. Depending on the model, the phone comes [...]
Burberry steps out with Twitter technology September 15, 2014 Fashion house Burberry used its runway show yesterday at London Fashion Week to reveal its tie-up with Twitter. A “buy now” button allows users to purchase an item from the tweet, without being redirected to another page.
Entrepreneurial spirit alive and kicking in UK September 15, 2014 ENTREPRENEUR of the year The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business. According to campaign group Startup Britain, more than 410,000 new businesses launched in the UK in 2014 so far – up from [...]
Bill Ackman going Dutch for listing on Amsterdam’s Euronext exchange September 15, 2014 Top hedge fund investor Bill Ackman has snubbed London in favour of Amsterdam to list his new $5bn (£3.1bn) investment vehicle. Ackman, who runs one of America’s most active investors Pershing Square Capital, will list the fund on Amsterdam’s Euronext exchange after mulling a variety of places across Europe, including London. The fund, Pershing Square [...]