New York Report: Energy stocks brightest in US June 23, 2014 US stocks ended a quiet session yesterday essentially unchanged as investors found few reasons to keep buying following a six-day rally in the S&P 500, though merger activity lifted energy shares. The S&P was coming off its longest streak of advances since mid-April, and it closed at a record high on Friday, along with the [...]
London’s Salesforce Tower gets new name but Heron tenants not sold June 23, 2014 The renaming process of Heron Tow… we mean Salesforce Tower, reached an important milestone last night, with the renaming ceremony taking place on its 26th floor. “This is the first time a building in the City of London has been named after a tech company; we’re literally cementing our presence here,” said Miguel Milano, Salesforce’s [...]
The City’s office choir kicks off LSE with “Let’s go fly a kite” from Mary Poppins June 23, 2014 Stock market ceremonies vary from place to place, there are bells, buzzers and countdown orbs, but we’d wager none have ever kicked off a day’s trading with a song – until yesterday. Stocks began Monday morning trading on the LSE following a rendition of “Let’s go fly a kite” from Mary Poppins – sung by [...]
Why Asos shares have shrugged off warehouse fire damage news June 23, 2014 Despite slumping by around three per cent in early trading, Asos shares have seen a recovery after Friday's warehouse fire. Traders have been waiting until today to respond to a fire at the company's Barnsley distribution centre, where around 70 per cent of the company's total stock is held. South Yorkshire Police are treating the [...]
London’s iconic double deckers are about to get a lot smarter June 23, 2014 Transport for London (TfL) will be introducing screens displaying how many people are sitting upstairs and which seats are available, in a trial system to begin in two weeks. The display screens will be situated next to the driver as people board the bus and between the driver and the staircase before passengers go upstairs. [...]
Yo app reaches 1m users June 23, 2014 Yo, the instant messaging app which takes communication to a reductionist extreme, has passed the 1m user milestone. Using Yo, you can send a message saying "yo" to anyone else who also has the mobile app – but nothing more. Despite being hacked last week, users have continued to flock to the app. Yo sent a tweet [...]
Bank of England sees depositors lap up low savings rates June 23, 2014 Savers are ploughing ever more money into savings accounts despite falling interest rates, Bank of England figures show today. Interest rates are falling ever closer to the Bank’s 0.5 per cent base rate. The blue bars on this chart show rates edged up a touch in the second quarter of 2014, but the [...]
Technology the biggest threat to European banking sector, says Deloitte June 23, 2014 Banks must begin a more radical transformation to adapt as technology threatens the traditional European retail banking model, according to Deloitte. In a report released today, Deloitte warns that while banks may "take comfort from their success in fending off the first internet-based challengers to their market", customer expectations are increasing and the challenges to [...]
A human step for artificial intelligence June 23, 2014 Robots are getting smarter. They still need instructions, but they no longer need to be so detailed. Now you can just say “make me a bowl of noodles”, rather than telling them that they need to heat the water, too. This is because of work being done by a scientist in California, who is designing them [...]
UK house price rises: should we copy Germany’s rental model? June 23, 2014 As fears continue to circulate that the UK housing market may be overheating, is it time to take some tips from our European friends when it comes to renting property? First let's take a look at how high property prices really are in the UK when compared to other countries in Europe. The best way [...]