The UK property market will be boosted by global uncertainty in 2017, according to Colliers January 3, 2017 The UK's property market will be boosted by global uncertainty through 2017, according to forecasts from Colliers International. With Prime Minister Theresa May set to trigger Article 50 before April, the real estate advisor warned that Brexit fears could affect the UK market. But it added that investors would see through that uncertainty, with property [...]
13 events that will change the world in 2017: Article 50, Snapchat’s IPO, more Libor trials and a vote on Heathrow January 3, 2017 2017 looks like it's going to be a busy one: we're looking ahead to some of the key business and political events already pencilled in for this year's calendar. 1. Supreme court to rule on Article 50 The Supreme Court is due to deliver its ruling on Gina Miller's case this month (Source: Getty) The Supreme [...]
Global business leaders feeling confident as they enter 2017, but Brexit woes still a bother for UK firms January 3, 2017 Firms are feeling positive as they enter the new year, with figures out today showing optimism among global business leaders is at its highest levels since the third quarter of 2015. The research by professional services firm Grant Thornton found that optimism among the 2,600 businesses across 37 economies it surveyed increased to 38 per cent at the end [...]
Retailers will need to brave fierce headwinds in 2017 January 2, 2017 The high street's cold snap over Christmas and the New Year is not just seasonal. Several chills running through the sector could finally be felt with their full force in 2017. Rising inflation, falling wage growth, escalating costs and sterling's depreciation are all expected to weigh on retailers in the coming months. If inflation takes [...]
Retail cold snap: New Year footfall plummets at Britain’s shopping centres January 2, 2017 The UK high street experienced a sales cold snap at the weekend as new figures showed footfall fell nearly 13 per cent nationwide while in shopping centres it slumped by a massive 50 per cent. Poor weather, an early December spending spree and bank holiday trading hours deterred shoppers from venturing outdoors on New Year’s Day, [...]
Sports Direct shareholders to vote on fate of chairman this week, following investors’ revolt at AGM January 2, 2017 Sports Direct shareholders will meet on Thursday to decide whether the retailer's chairman should keep his seat. Dr Keith Hellawell, a former chief constable in his 70s, failed to find favour with investors in the company's annual general meeting in September, with just 47 per cent of independent shareholders voting to keep him as chair. Although the [...]
Household bills jumped almost £200 in 2016 as fall in sterling and added taxes took their toll January 2, 2017 Household bills leapt around 10 per cent last year, costing Britons almost £200 more than in 2015, according to price comparison site Compare the Market. The combined cost of energy, motor and home insurance rose to £2,223 in 2016, compared to £2,032 the year before. Sharp hikes were registered in motor and household energy premiums, [...]
UK economic data this week expected to show continued resilience towards end of 2016 January 2, 2017 New economic data out this week is expected to show the continued resilience of the UK at the end of 2016. Fourth-quarter purchasing managers’ index (PMI) figures for manufacturing are due to be released on Tuesday, followed by PMI data for construction on Wednesday and the service sector on Thursday. Read more: US services PMI [...]
Trinity Mirror defends buyback amid pension shortfall criticism January 2, 2017 Newspaper publisher Trinity Mirror has defended a £10m share buyback amid criticism over its £426m pension shortfall. Frank Field, chair of the influential work and pensions select committee, has called on the Pensions Regulator to block the buyback, while the move has also been criticised by former Tory pensions minister Baroness Altmann. Read more: New [...]
Former Deutsche Bank co-chief exec takes president role at broker Cantor Fitzgerald January 2, 2017 Former Deutsche Bank co-chief executive Anshu Jain has joined broker Cantor Fitzgerald as president. The job move was revealed today by Cantor’s chief executive and chairman, Howard Lutnick. Read more: Deutsche Bank's co-chiefs have resigned Jain and fellow co-chief executive Juergen Fitschen resigned from Deutsche Bank in June 2015 amid growing pressure from investors over [...]