Santa rally in sight as FTSE jumps again – London Report December 18, 2014 THE FTSE 100 enjoyed one of its best days of 2014 yesterday, as the US Federal Reserve’s pledge for a “patient approach” to any interest rate increase lifted stock markets around the world. Financial services company Old Mutual and British Airways owner International Consolidated Airlines Group (IAG) were among the best performers on the blue-chip [...]
Oracle and Yellen send S&P 500 up – New York Report December 18, 2014 THE S&P 500 closed out its biggest two-day advance since November 2011 yesterday, extending a Federal Reserve-fuelled rally from the previous session, while tech shares jumped after Oracle results. The Dow industrials recorded the best one-day percentage gain since December 2011. The S&P 500 posted its biggest daily percentage gain since January 2013 and is [...]
S&P 500 jumps the most in nearly two years December 18, 2014 The S&P 500 jumped the most in nearly two years posting gains of nearly two per cent, after the federal reserve's pledge for "patience" with future rate hikes sparked a global market rally. It surged 2.4 per cent to 2,061.23 which is it's best daily performance since January last year. The Dow Jones Industrial Average [...]
Seven charts that sum up 2014 December 18, 2014 (Source: Getty) Voter behaviour went awry Politics isn't dead yet House prices crash averted Growth rates returned to pre-crisis peaks Wage growth finally beats inflation What for forward guidance? Black Friday hit the UK
Security threats mapped: Here are the riskiest countries to do business in December 18, 2014 In recent years, the government has become increasingly keen to encourage UK businesses to trade with developing economies – but with the world still reeling after two major terror attacks in a single week, how safe is it to do business abroad? Risk consultancy Control Risks has put together a map showing the world's most [...]
Fitch cuts Venezuela’s credit rating to ‘CCC’ on oil price plunge December 18, 2014 Credit rating agency Fitch has slashed Venezuela's credit to 'CCC' on plunging global oil prices, which means "default is a real possibility." It said the country's economy has little room to manoeuvre in the face of crumbling global oil prices, which has eaten away at its main source of income. Venezuela's oil dependent economy requires an [...]
Ukip MP Mark Reckless crowd-funds to “deal with” Conservative legal challenge December 18, 2014 Ukip MP Mark Reckless is crowd-funding to fend off legal action from the Conservatives who claim his defection cost them money. It emerged yesterday that the Tories were suing Reckless and his election agent for more than £3,000, claiming they both apporoved expenditure for campaign literature for next year's general election up to two [...]
With 3m viewers, could Gogglebox regular Andrew Michael become Ukip’s second-biggest star? December 18, 2014 Channel 4 has dropped the Michael family from its fixed rig show Gogglebox after father Andrew confirmed he would be standing as a Ukip candidate in the general election. The Brighton-based family has been on the show since it launched in March 2013. The current season has an average rating of 2.9m according to [...]
How much will Sony lose by cancelling The Interview? Counting the cost of the cyber attack December 18, 2014 “The holiday season”, as it’s referred to in the film industry, is supposed to be one of the most lucrative periods of the year for Hollywood studios. Yet for Sony Pictures, hopes for a bump in its Christmas stocking have been hit by the insidious cyber-attack which has pushed it to cancel the release [...]
Aer Lingus rejects takeover bid by British Airways owner IAG December 18, 2014 Aer Lingus has rejected a takeover bid by International Consolidated Airlines Group (IAG), the latter said in a statement to the London Stock Exchange today. It confirmed an earlier report it had made a takeover bid for the company. IAG, the company behind British Airways and Spanish flag carrier Iberia, also said there was no certainty of [...]