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 [...]
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, [...]