London house prices could drop further over the next three months October 9, 2014 House price momentum has gone back 16 months. According to the latest Royal Institution of Chartered Surveyors (Rics) report, this is the third straight month that demand has slipped. Simon Rubinsohn, chief economist at Rics, said expectations were that prices in London could drop over the next three months, as a greater balance between supply and [...]
More stores closing on UK high streets but betting shops survive October 9, 2014 There has been sharp decline in the number of shops on UK high streets According to a survey by PwC and the Local Data Company, the net reduction of shops during between January and September was two and a half times greater than during the equivalent period in 2013. There was a net closure [...]
Signs of wage increases as City workers seek new career opportunities and firms expand October 8, 2014 Back from holiday and looking to move… the rush is on to switch career City workers are making the most of the UK recovery and firms’ expansion plans by hunting for new career opportunities and bargaining for bumper salaries. The number of professionals seeking new roles increased 25 per cent year-on-year in September. There are [...]
Christopher Bailey tops OUTstanding list of LGBT business leaders as Goldman Sachs and JP Morgan bosses make straight allies cut October 8, 2014 Two of the world’s best known names in banking have shattered any perceptions of stuffy conservatism by featuring in lesbian, gay, bisexual, and transgender (LGBT) professional network OUTstanding’s top 10 straight allies’ list. Goldman Sachs boss Lloyd Blankfein came in second with JP Morgan’s Jamie Dimon not far behind in sixth, recognising the contribution the [...]
US concern over strong dollar to delay rate hike October 8, 2014 US STOCKS jumped last night as newly released details from the US central bank’s September meeting showed concern over raising rates too early. Policy makers at the Federal Reserve expressed concern that weak economic growth in the Eurozone, China and Japan could hit US exporters. Their worries were compounded by the risk of unforeseen events [...]
Lord Hill wins EU vote after second hearing October 8, 2014 LORD Hill has been confirmed as the EU commissioner for financial services after a second confirmation hearing. His appointment was affirmed yesterday by a margin of 45 to 13 committee members. He was called back to face further questions from MEPs after failing to convince EU committee members of his suitability at a first hearing [...]
Aldermore calls for more time October 8, 2014 ADVISERS to Aldermore, the challenger bank that is hoping to raise around £300m in a stock market flotation, yesterday extended its bookbuilding process by 48 hours in order to complete its deal successfully. The group has been hit by shifting sentiment in the new issues market in Europe. After a bumper first half of the year, [...]
Jimmy Choo’s full order book October 8, 2014 ORDER books are fully covered on luxury shoe company Jimmy Choo’s London listing which could see it valued at £700m. The private-equity owned brand, which began marketing to institutional investors at the beginning of the week, has attracted enough demand for the amount on offer, including its over allotment option, and within its price range [...]
Apple share price rises after Carl Icahn tweets about letter to Tim Cook October 8, 2014 Billionaire investor Carl Icahn boosted Apple’s share price again yesterday after publishing a cryptic tweet signalling further agitation towards the US tech giant Icahn, who boosted the value of Apple’s market cap by $17bn in August 2013 after tweeting about his holding in the company, said he would publish more details in a letter [...]
Britain to deploy 750 personnel to Africa in fight against Ebola October 8, 2014 Britain yesterday announced it would deploy more than 750 personnel to Sierra Leone next week to aid the fight against the deadly Ebola virus. The UK will also provide an aviation support ship and three Merlin helicopters as part of increased efforts to help contain the virus, which has so far claimed the lives of 3,879 [...]