How cameras will change the way we think about the police April 11, 2014 Up to 500 police officers will now be expected to film interviews at crime scenes using body-worn cameras, delivering the recorded evidence online, as part of an initiative announced by the Ministry of Justice. In a move to try and heave trial procedures out of the 19th century, lessening reams of paperwork and using digital [...]
What you need to know before the US open April 11, 2014 US stock futures took a tumble, following an earnings announcement from JP Morgan, which kicked off the earnings season. S&P 500 firms’ earnings are estimated to have increased a meagre one per cent from a year ago. At the beginning of the year, analysts forecast 6.5 per cent growth, highlighting the impact of a harsh [...]
JP Morgan shares drop as first quarter disappoints April 11, 2014 The first of the big banks to report first-quarter earnings, JP Morgan has posted results significantly below estimates. Net income fell to $5.3bn (£3.2bn), compared with $6.5bn a year earlier – that’s earnings of $1.28 per share, below expectations of analysts polled by Bloomberg of $1.46. In the first quarter of 2013, the figure was [...]
This week’s 4 must-see charts April 11, 2014 The Fed’s pointless rate projections, encouraging signs in the Eurozone, emerging market stocks, and subdued UK mergers and acquisitions (M&A). We bring you some of our favourite analysts’ picks of the most important graphs this week, as well as a few choices of our own. Jeremy Cook, chief economist at World First Pay no attention [...]
BA boss slams government for stopping airport growth April 11, 2014 Next year, Dubai International Airport will have overtaken Heathrow as the world’s busiest international airport, according to the chief executive of British Airways and Iberia. Willie Walsh, boss of International Airlines Group, has told the World Travel & Tourism Council summit in Abu Dhabi that the UK doesn’t “have politicians who are brave enough to [...]
Polypipe latest to join UK IPOs April 11, 2014 Polypipe has become the latest company to make its debut on the UK stockmarket, pricing its offer at 245p per share. The company had a market capitalisation of £490m at the start of conditional dealing. There were 120m shares on offer worth a total of £294m. Cavendish Square Partners held 23 per cent of the shares on [...]
What you need to know before the open April 11, 2014 European markets are set to open lower today, following the retreat of the Nasdaq yesterday, as Wall Street's tech sell-off returned. Despite more investor confidence mid-week, worries of over-priced stock have returned again, and Asia’s tech sector suffered in Friday trading. Inflation numbers from Germany have come in at one per cent for March year-on-year [...]
Co-op Bank: No profit this year or next as chief apologises to customers April 11, 2014 Co-op Bank has, as expected, reported that it made a £1.3bn pre-tax loss last year. The struggling lender also says it doesn’t expect to make a profit this year or next. Payouts to former executives who quit having been linked to the collapse of the bank will be cut by £5m, it added, and chief [...]
Asian shares take a beating after US tech rout April 11, 2014 Asian shares are taking a beating after major sell-offs in US tech companies left investors shying away from riskier assets and emerging markets. The losses come hot on the heels of a tough day on Wall Street, with the Nasdaq suffering its worst single drop since 2011. Japan was left particularly vulnerable to the tech [...]
Deficit blow to Scot split plan April 10, 2014 AN INDEPENDENT Scotland would have the second highest fiscal deficit of all the world’s advanced economies in its first year, new analysis by the Treasury has calculated. Only the US would have a deficit that, as a proportion of GDP, was higher than in Scotland. The new nation would be hit with a £9.5bn or [...]