Chinese manufacturing boosts Asian markets June 2, 2014 Asian markets are on the up after the third successive pick-up in the Chinese manufacturing purchasing managers' index (PMI). PMI rose to 50.8 in May, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. The new data may add further weight to the view that the world's second largest economy is not [...]
City hiring boom for graduates June 2, 2014 FINANCE firms are set to lead a surge in graduate hiring this summer, as companies across the UK rush to hire almost a fifth more university leavers than in 2013. Employers are set to boost the number of graduates they hire by as much as 18 per cent this year as the improving economy boosts [...]
England team head to US as scandal engulfs Qatar 2022 June 2, 2014 ENGLAND’S footballers last night landed in Miami where they will play two friendlies ahead of this month’s World Cup in Brazil. Yet the build-up to the tournament is being over-shadowed by allegations of corruption surrounding a future World Cup, planned for Qatar in 2022. Senior figures from within the game – such as Fifa vice-president [...]
Firms and Labour attack PM’s sluggish EU reforms June 2, 2014 BUSINESS groups and opposition politicians have attacked David Cameron for losing his initiative in reforming the European Union. The Prime Minister’s plans to shake up the EU form a central plank of his campaign to be re-elected in the face of Ukip’s advances. But he is today being urged to act faster by businesses who [...]
Investors call for protection from risky firms June 2, 2014 AN INFLUENTIAL investor group has called for a change to the law to give the City regulator beefed up powers against overseas firms with a small percentage of independently owned shares listing in London. The comments from the trade body, which represents the UK’s top institutional investors and pension funds, follow controversy around firms such [...]
Britons leave cash behind in favour of cards June 2, 2014 BRITONS have cut back on shopping with cash by 14 per cent over the last five years as people increasingly turn their backs on coins and notes in favour of card and contactless payments. Cash made up just £27.64 in every £100 spent at retailers in 2013, according to a survey published this morning by [...]
What the other papers say this morning – 02 June 2014 June 2, 2014 FINANCIAL TIMES Tony Blair to call for Europe reform Tony Blair will today call for Europe to reform itself in the wake of victories for anti-EU parties across the continent last week. In his first big speech on the subject since the European election results last weekend, the former prime minister will tell leaders in [...]
Collective saver scheme to make its way to the UK June 2, 2014 UK SAVERS are set to be offered Dutch-style collective pension schemes, after pensions minister Steve Webb announced that plans to make them legal will be included in the Queen’s speech this Wednesday. The plans would allow savers to put their cash into collective pension pots, instead of individual saving schemes, giving them greater value for [...]
Lloyd’s mulling a move out of iconic tower to Batman building June 2, 2014 INSURANCE market Lloyd’s of London is understood to be in talks to leave its iconic building in the heart of the city for a new office in Leadenhall street. Lloyd’s has called the unique Richard Rogers designed building home since 1986, when it was specifically commissioned to house the growing specialist insurance market. A report [...]
Dotcom guru Brent Hoberman back in the market with Made June 2, 2014 BRENT Hoberman, the dotcom poster boy who listed Lastminute.com on the day that the market peaked and managed to ride out the crash before selling the firm for $2bn (£1.2bn) in 2006, is set to return to the stock market after nine years with a new internet flotation. Hoberman, who sits as chairman of Made.com, [...]