Great exchange rates, low fees and hassle-free money transfers September 5, 2014 Whether you’re buying property overseas, your business trades internationally or you need to make regular payments abroad, use City AM International Payments, provided by Moneycorp. Open an account now TOP REASONS TO USE CITY A.M. INTERNATIONAL PAYMENTS Bank-beating exchange rates – Save up to £4,000 on a transfer of £100,000 With City [...]
New Look sells French arm Mim to newly-created business Main Asia September 5, 2014 New Look has sold its French business Mim for an undisclosed sum, to a Hong Kong-based company about which relatively little information has been made available. Main Asia (HK) was established earlier this year to acquire Mim, and the main shareholders and management are “active in apparel and textile manufacturing and trading, along with [...]
Dollar slides against euro as US job growth plummets to 142,000 September 5, 2014 US job growth came in way below expectations, with just 142,000 jobs added to the economy in August, compared with forecasts of about 230,000. It's the first time the US economy has failed to add over 200,000 jobs in seven months. Job growth dropped by 79,000 between June and July, from 288,000 to 209,000, but [...]
Twitpic shutdown: The companies that could be vulnerable to Twitter’s trademark clampdown September 5, 2014 Is Twitter getting twitchy? Picture sharing site Twitpic has revealed it is shutting down to avoid being embroiled in a costly trademark dispute with the social media giant – and it's not the first one to have done so. According to Twitpic founder Noah Everett, the Silicon Valley corporation contacted Twitpic's legal team “demanding we [...]
Tesco’s Dave Lewis in video interview addresses management shake up speculation September 5, 2014 Seven days into his tenure at Tesco, “Drastic Dave” Lewis has revealed how his “rollercoaster” first week in the new job went in a video posted on the supermarket’s YouTube channel. The former Unilever executive who replaced Philip Clarke said he won't shy away from making a call on management changes but would not make [...]
Rate of inflation is not as bad as you think but survey shows consumers are feeling the pinch September 5, 2014 The Bank of England has released the results of its latest survey into what consumers believe the rate of inflation will be over the next 12 months. The figure was up 0.2 percentage points to 2.8 per cent, while respondents believed the current rate to be around 3.4 per cent. Were the true figure to be hovering [...]
Eurozone GDP: Stagnant in the second quarter, grew just 0.7 pc in the 12 months to July September 5, 2014 The ECB has released its revised second-quarter GDP figures showing the Eurozone grew 0.7 per cent in the 12 months to the end of July, with the EU 28 expanding 1.2 per cent. The quarter on quarter figures (seasonally adjusted) showed a stagnant single currency area, and a barely growing EU, which saw growth of [...]
More sign of London house price woes? Foxtons share price falls as BC Partners halves stake September 5, 2014 Foxtons may have been the darling of the London property boom, but as house price growth in the capital has fallen, so have the estate agent's shares. BC Partners, the investor that had its fingers badly burned when it bought Foxtons off founder Jon Hunt at the top of the housing market in 2007 before [...]
Scottish independence: Miliband’s confusing #indyref speech September 5, 2014 Labour leader Ed Miliband today embarked on a word-bending tactic to win over Scottish independence voters today that is less “Better Together” and more “we're better than the Tories… honest”. The shadow leader was in Blantyre, near Motherwell, campaigning on behalf of the union by pushing the message that change can come from voting [...]
Bob Diamond’s fund Atlas Mara increases stake in Union Bank of Nigeria September 5, 2014 Former Barclays chief Bob Diamond's African investment vehicle has increased its stake in a Nigerian banking group by nearly 30 per cent as it bets on the success of the country's economy. Atlas Mara exercised an option to buy a 20.9 per cent stake in Union Bank of Nigeria from the Asset Management Corporation of [...]