London Report: Inflation report to give clues for future rates rise May 11, 2014 ALL EYES will be on Bank of England governor Mark Carney this week when he delivers the week’s big economic set piece event with the Bank’s quarterly inflation report on Wednesday. Investors will be hoping his forecasts for growth and inflation give a clearer signal about when interest rates will finally rise. Britain’s growth forecasts [...]
New York Report: Firms proving homegrown revenues rule May 11, 2014 US STOCK investors are finding the value of staying close to home. Even as the US economy barely grew in early 2014, companies with a domestic orientation have on balance delivered better first-quarter sales and profit growth than their globally oriented peers. RBC Capital Markets found that sales growth among companies with a high percentage [...]
Context is crucial: Why marketers may be about to crack mobile May 11, 2014 @LiamWardProud IT’S WELL-KNOWN that advertisers have struggled to keep up with consumers in the switch to mobile. Recent figures from eMarketer showed that, while UK mobile ad spend is expected to rise by 90 per cent this year, it will still only account for 30 per cent of total digital budgets. Bear in mind that [...]
How Eurovision’s jury panels are robbing eastern countries May 11, 2014 Many of the people frantically dialling in their support for Eurovision entries from eastern Europe (and even further east than that) might have been disappointed last night – Polish viewers have been particularly annoyed that their entry did so well on with the public vote and yet ranked so poorly. That’s because the contest [...]
The apps bringing you the best coffee in London May 9, 2014 Decent coffee isn’t hard to come by in London. All the same, it’s nice to know where it is, and easily – without the fun of appealing to a group of colleagues for an answer, and still be standing there 10 minutes later, as the debate rages on. London’s Best Coffee app maps over 150 [...]
What you need to know before the US open May 9, 2014 Stocks futures suggest a lower open for US markets today, rounding off a week of bumpy trading, central bank announcements and ongoing wariness owing to the Ukraine situation. Corporate news Clothes retailer Gap has jumped 8.5 per cent in pre-market trading after announcing a nine per cent increase in comparable sales for April and a [...]
Petrofac shares plummet 17pc on profit warning May 9, 2014 Petrofac, the energy services firm, has seen its shares plunge over 17 per cent this morning, after warning its net profit for this year will fall by as much as 11 per cent. A disappointing performance by its Integrated Energy Services (IES) division will see profit fall to between $580m and $600m. Petrofac had said [...]
Industrial production sees small fall in March May 9, 2014 Industrial production down a touch, but nonetheless better than economists had hoped for. In the month of March, it's down 0.1 per cent, with manufacturing production up by a punchy 0.5 per cent. Analysts had expected industrial production to fall by 0.2 per cent in March. Today's release sees industrial production growing at 0.7 per [...]
What you need to know before the open May 9, 2014 A slightly lower open for European stocks is expected today. Yesterday, they rallied on the suggestion by the European Central Bank that monetary policy could be eased as early as next month. But over in the US, the Nasdaq’s inability to gain a foothold saw a losing streak, led by the energy and utility sectors. [...]
Co-op Bank to raise £400m as it confirms chair’s resignation May 9, 2014 It’s more upheaval for the beleaguered Co-op Bank. The lender’s announced this morning that it’s looking to raise more than £400m by the end of 2014, in a bid to bolster its finances. It's also confirmed that its chairman, Richard Pym, will step down by the end of the year, after holding the position since [...]