FTSE drops over Draghi’s lack of stimulus news – London Report December 4, 2014 BRITAIN’S top equity index fell yesterday largely due to a drop in commodity stocks and disappointment at a lack of concrete, new economic stimulus measures from the European Central Bank (ECB). The blue chip FTSE 100 index closed down by 0.6 per cent, or 37.26 points, at 6,679.37 points. The ECB slashed its growth and [...]
Wall St slips as energy shares hit by oil price – New York Report December 4, 2014 US STOCKS ended slightly lower yesterday after European Central Bank president Mario Draghi brushed off pressure for more immediate monetary policy action, but said the issue would be addressed early next year. The Dow Jones industrial average fell 12.52 points, or 0.07 per cent, to 17,900.1, the S&P 500 lost 2.41 points, or 0.12 per [...]
ICAP merges its currency and bond trading platforms December 4, 2014 ICAP, the world's largest interdealer broker, has said it will combine its currency trading platform EBS and its bond trading platform BrokerTec. The group has been hit by lower market volatility levels and increased regulation since the 2008 financial crisis, scuppering the flow of business from its banking clients in recent times. It now wants to [...]
Church of England urges Shell and BP to act over climate change through shareholder resolution December 4, 2014 The Church of England has submitted a shareholder resolution to Shell and BP, urging them to take more responsibility for their contribution towards climate change. The Church, which has a £9bn investment portfolio, challenged the companies to cut their carbon footprint. It wants to see the businesses run in a way that will aid the [...]
London’s busiest stations: Waterloo, Victoria, Liverpool Street, London Bridge, Euston December 4, 2014 NULL
Labour councillors call for Soho nightclub Madame Jojo’s to be re-opened under new management December 4, 2014 Labour councillors have called for legendary nightclub Madame Jojo's to re-opened under new management, after its license was revoked last month following a violent incident. By closing the iconic club Westminster council would "continue the remorseless process of Soho gentrification". Rather, it should be re-opened by a new owner under the same licensing terms. The area, [...]
Why banks are struggling to attract female leaders December 4, 2014 The world's leading banks are struggling to attract and retain the most talented female employees. Management consultants Oliver Wyman, which looked at 150 major financial services companies worldwide, found just four per cent of chief executive officers and 13 per cent of executive committee members were women. The "Women in Financial Services" report also found a [...]
Tory veteran David Davis attacks government tax avoidance crackdown as threat to the rule of law December 4, 2014 The government has become the biggest threat to the rule of law, according to veteran Tory backbencher and former minister David Davis. Speaking at a briefing organised by the Taxpayers' Alliance and the Institute of Economic Affairs (IEA) he slammed the government's attempts to limit tax avoidance through laws such as the General Anti Avoidance [...]
Qatar ups its offer for Canary Wharf owner Songbird Estates December 4, 2014 The Qatari sovereign wealth fund has upped its bid for Canary Wharf to 350p per share, after its earlier £2.2bn bid for Songbird Estates, its parent company, was rejected. A joint venture between the Qatar Investment Authority and Brookfield Property Partners originally tabled a bid of 295p per share for Songbird in November, valuing it [...]
Former Liberal Party leader Jeremy Thorpe dies aged 85 December 4, 2014 Former leader of the Liberal Party Jeremy has passed away at the age of 85 after a long battle with Parkinson's, his son Rupert has announced. He led the Liberals from 1967 to 1976 and was the MP for North Devon from 1959 to 1979. His political career came to an abrupt end after Norman [...]