FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
London ranked world’s best city for business, innovation and culture in global power city index October 9, 2014 London has topped a survey measuring attractiveness for innovation and business and a host of other metrics. In yet another feather in the capital's cap, Japan's Global Power City Index saw London retain its place at the top, beating other global power hubs such as New York and Tokyo. The index ranks the world's major [...]
Kurdish protesters march on Downing Street, plan St Pancras demo October 9, 2014 Anti-Islamic State protesters have taken to London's streets yet again, in demonstration against the terrorist group as it attacks Kurdish town Kobani – and the lack of support from Turkey. Protesters have marched on Downing Street and are planning another demonstration outside St Pancras this evening, according to the Facebook page of Soas' Kurdish [...]
Payday lenders like Wonga face new regulation as CMA proposes price comparison websites and clearer fees October 9, 2014 Payday lenders are facing a major shake-up after the competition watchdog laid out plans to curb the costs of loans for consumers. The Competition and Markets Authority (CMA) said lenders should make their products available on price comparison sites to increase competition among firms amid a number of proposals for reforming the payday loan market. [...]
UK to send 600 troops to combat Ebola in Sierra Leone October 9, 2014 The UK will send troops to Sierra Leone next week to help combat the deadly Ebola virus. The total number of military personnel in the country will rise to 750, as 150 were already in place in the country. Following an emergency Cobra meeting, foreign secretary Philip Hammond today said three Navy Merlin [...]
Rolls-Royce share price up following engine deal with Norwegian October 9, 2014 Shares in Rolls-Royce went up by 1.8 per cent to £9.61 in trading this morning, after Norwegian selected it to provide engines for nine more of its leased Boeing 787-9 Dreamliner aircraft. Rolls Royce Trent 1000 engines are known for their high fuel efficiency, low emissions and low noise. They are already used to [...]
N Brown share price falls on lower sales and revenue October 9, 2014 Shares in N Brown Group went down by 5.2 per cent to £3.30 in trading this morning, after the fashion retailer reported a fall in sales and revenue for the half year ending 30 August. In its interim statement for the second quarter, it said total revenue for the group went down by 0.6 [...]
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 [...]