US lending data disappoints as Fed officials play down rate hike October 7, 2014 US CONSUMER credit failed to meet expectations for August and increased far less than expected, according to experts. Growth for July was also revised lower, the Federal Reserve said yesterday. The news will force economists in America to look on the pace of economic expansion with caution and has led to calls for the Fed [...]
CMC Markets to join rock ‘n’ roll royalty in The Sanctum Soho Hotel for 25th birthday October 7, 2014 The City doesn’t have a reputation for being overly rock ‘n’ roll, but it seems that Peter Cruddas’ CMC Markets has developed a penchant for one of London’s edgier hangouts – The Sanctum Soho Hotel – and it’s celebrating its 25th birthday there tomorrow night. The hotel is part-owned by the managers of Iron Maiden, [...]
MoneySuperMarket invites customers to crush a car in latest stunt October 7, 2014 As far as publicity stunts go, MoneySuperMarket is getting a raft of attention at the moment with its Epic Car Insurance Car Crusher. The price comparison site is offering customers a chance to crush a real car with a giant metallic claw. The gigantic 6,000kg robotic hand crusher is available for 48 hours, until 9pm [...]
Robert Walters: The recruitment boss who thinks your pay is set to jump in 2015 October 7, 2014 City jobs mogul Robert Walters tells Chris Papadopoullos why the future is bright Wages are a hotter-than-usual topic these days – at least as far as economists are concerned. The rate at which our pay goes up (or fails to) is said to hold the key as to whether the Bank of England finally [...]
Karen Hester: From part-time cleaner to Adnams director October 7, 2014 Karen Hester was scouring for a job that would allow her to juggle being a full-time mum to her two young children when she came across a vacancy at the Suffolk brewer Adnams for a part-time cleaner. It was 1988 and Hester had returned to the UK after living in Germany with her former husband, [...]
EU approves tar sand oil import October 7, 2014 THE EXPORT of “dirty oil” tar sand crude to Europe has been approved after the EU abandoned attempts to have it barred following lobbying by major exporter Canada. A proposal published by the European Commission yesterday removed what could have been an EU obstacle to shipments of the crude. The proposal comes at a time when [...]
Indian summer hurts shop sales in September October 7, 2014 HIGH street sales growth came to a grinding halt last month for the first time since February after Britain’s Indian summer put shoppers off stocking up on winter clothing, according to new research out today. Accountancy firm BDO’s monthly high street sales tracker shows sales dipped by 2.9 per cent in September, ending the first [...]
Business telecoms group Gamma valued at £165m ahead of float October 7, 2014 GAMMA Communications, a UK-based provider of business telecoms services, is due to float with a £165.2m market valuation on Friday after listing its shares with an opening price of 187p. The sale – which is understood to be priced towards the upper limit of what the company had hoped for – of around 44m shares [...]
Samsung’s profit expected to fall as smartphone demand wanes October 7, 2014 SAMSUNG Electronics is heading for its first annual fall in profits since 2011, after it revealed yesterday its profits between July and September would be the lowest in more than three years due to dwindling demand for its high-end Galaxy smartphones. Samsung said its profit for the third quarter would likely fall 59.7 per cent [...]
Fizz goes out of SodaStream’s revenues October 7, 2014 SodaStream International, the Israeli fizzy drinks machine maker, yesterday warned its estimated third-quarter revenue would be below market expectations. SodaStream was in the news in January when movie star Scarlett Johansson (pictured), its public face, drew fire for working with a firm whose largest factory is in an Israeli settlement in the occupied West Bank.